Northquest Ltd. Announces Drilling Results from the Pistol Bay Gold Project, Nunavut, Canada

24 November 2015

  • Second gold-bearing intrusion discovered at the Vickers zone
  • PB-15-20 intersects 39.00 metres grading 2.57 grams gold per tonne

November 24, 2015

TORONTO, CANADA – Northquest Ltd. (TSX.V-NQ) (FWB-N3Q) (“Northquest” or “the Company”) is pleased to publish the second batch of 2015 drilling results from the Pistol Bay Gold Project, Nunavut, Canada. The project covers a 90 kilometre strike length of a gold bearing trend known as the Pistol Bay Trend, which contains a west-trending series of gold occurrences and gold zones intersected in holes drilled by Northquest in 2011, 2012, 2013, and 2014. In the past 5 years, since field operations commenced in April 2011, the Company has completed three airborne geophysical surveys and 21,750 metres of diamond drilling in 100 drill holes, of which 17,195 metres of drilling and 69 drill holes were completed at the Vickers Gold Zone. This year’s strategy and objectives are to complete drilling west and east of existing drill holes at the Vickers Zone to explore the potential extension of the gold zone that has been intersected over a 350 metre strike length from 86+00 W to 89+50 W in holes drilled by Northquest in 2012, 2013, and 2014.