8 September 2015
September 8, 2015
TORONTO, CANADA – Northquest Ltd. (TSX.V-NQ) (FWB-N3Q) (“Northquest” or “the Company”) is pleased to provide an update on the ongoing diamond drilling program at the Pistol Bay Gold Project, Nunavut, Canada.
The Pistol Bay Project claims cover a 90 kilometre strike length of the Pistol Bay Trend, which is a west-trending series of surface gold occurrences and gold zones intersected in drill holes by Northquest in four drilling programs completed since 2011. The Pistol Bay Trend is a newly recognized trend parallel to, and 80 kilometres south of, the Meliadine Trend of gold deposits of Agnico Eagle Mines, which reportedly contains 3.0 million ounces of gold reserves, plus 2.2 million ounces indicated and 2.9 million ounces inferred (www.agnico-eagle.com).
Since the initial field work commenced at Pistol Bay in April 2011, Northquest has completed 13,660 metres of diamond drilling, leading to the recognition of a prominent mineralized zone at the Vickers gold zone where 37 holes comprising a total of 9,400 metres have been completed over a 400 metre strike length of the Vickers gold zone. The results of the drilling are described in detail at www.northquest.biz. Examples of previously released drilling intersections at the Vickers gold zone over the past 3 years include the following: