Providing coverage of Alaska and Northwest Canada's mineral industryApril 2016
| Vol 21, No. 16 | Week of April 17, 2016 |
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MINING NEWS: NORTHERN NEIGHBORS: Maiden gold resource at Pistol Bay’s Vickers Zone, Nunavut
Northquest Ltd. April 8 reported an initial resource estimate for the Vickers Zone of its Pistol Bay gold project in eastern Nunavut. Based on 17,240 meters of drilling in 69 holes, Vickers encompasses 7.79 million metric tons of inferred resource averaging 2.95 grams per metric ton (739,000 ounces) gold. This resource is contained in seven domains within the Vickers Zone. Roughly 75 percent of this inferred resource – 5.62 million metric tons averaging 3.09 g/t (558,000 oz.) gold – is found in Domain 101. A technical report supporting the resource and describing in detail the nature and distribution of 16 other gold occurrences on the Pistol Bay property will be filed on SEDAR in 45 days. - SHANE LASLEY
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