22 January 2014
North Country Gold Corp. (NCG: TSX-V; NCGDF: OTCQX) (“North Country”, “NCG” or the “Company”) today announced that the company, has completed a preliminary high-level engineering and logistics study on the Three Bluffs Gold Project, located within Nunavut, Canada. The study was initiated by NCG to assess potential project metrics and to assist in the development of strategies for efficient, directed future exploration and accelerated project development.
The study reviewed a number of potential mining and processing scenarios for possible future development of the Three Bluffs Gold Project including extraction via underground mining only, or via combined open pit and underground mining methods occurring either parallel or in sequence. Consideration was also given to potential onsite processing using a stand-alone gravity and/or carbon–in-leach plant was also assessed for potential operations processing between 500 to 3000 tonnes of ore per day. Capital costs and operating costs for each scenario were estimated using industry analogues and global mining databases enabling the impact of cut off grades to be assessed and potential project metrics to be calculated intended to be considered for a planned PEA study.