Highlights from drilling at North Country Gold‘s (NCG-V) Three Bluffs West Zone in Nunavut include intercepts of 7.34 grams gold over 25 metres in hole 11TB104, 8.06 grams gold over 30.49 metres (11TBC001) and 43.02 grams gold over 4 metres (11TW015).
As assay results start trickling in from the company’s 30,000-metre drill program, investors are starting to quietly take note of the project, 288 km north of Agnico-Eagle Mines‘ (AEM-T, AEM-N) Meadowbank gold mine.
Three Bluffs is on the 300-km-long Committee Bay greenstone belt northeast of Baker Lake and the most recent drill results from the western end of the resource area have increased the strike length of the core Three Bluffs zones to over 1300 metres.
The deposit is at the eastern end of the Walker Lake Trend, a package of gold-bearing, iron formation-bearing supracrustral rocks.
“The mineralization remains open to depth along the length of the Walker Lake Trend, and we are confident that ongoing drilling will identify new mineralization and expand the existing high-grade shoots to depth,” John Williamson, the company’s president and chief executive, said in a statement.
So far North Country has drilled in three key areas — Three Bluffs, Antler and Hayes — but has identified as many as two other development centres along the belt.
This year’s drill campaign is designed to test 4 km of stratigraphy extending southwest from the Three Bluffs deposit and encompassing last year’s discoveries of Antler and Hayes.
Three Bluffs remains open along strike and depth and currently has an indicated resource of 2.7 million tonnes grading 5.85 grams gold per tonne, with inferred resources adding 1.27 million tonnes grading 5.98 grams gold.
At presstime, North Country Gold was trading at $1.64 per share. Over the last year it has traded in a range between 22¢ and $2.05 per share.
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