Northquest Ltd. Announces Drilling Results from the Pistol Bay Gold Project, Nunavut, Canada
15 January 2015
- PB-14-15 Intersects 134.42 Metres Grading 1.36 Grams Gold Per Tonne at the Vickers Target
- Strike Length of the Mineralized Zone Extended from 200 to 400 Metres
January 6, 2015
TORONTO, CANADA – Northquest Ltd. (TSX.V-NQ) (FWB-N3Q) (“Northquest” or “the Company”) is pleased to announce the remaining 2014 drilling results from the Pistol Bay Gold Project, Nunavut, Canada. The project consists of 861 square kilometres of mineral rights covering 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. Over the past 4 years, since field operations commenced in April 2011, the Company has completed three airborne geophysical surveys and 13,660 metres of diamond drilling in 66 drill holes, of which 9,400 metres of drilling and 37 drill holes were completed at the Vickers Target. The Company completed 4,550 metres of drilling in 2014 in 18 drill holes, of which 13 drill holes (3,783 metres) were completed at the Vickers Target, 3 drill holes (470 metres) were completed at the Sako Target, and two drill holes (296 metres) were completed at the Bazooka Target.
