Mining News: Northern Neighbors: Drilling underway at Pistol Bay trend

Northquest Ltd. July 15 reported the start of a planned 7,800-meter drill program at its Pistol Bay gold project in Nunavut. The Pistol Bay claims cover 90 kilometers (55 miles) of the Pistol Bay trend which is a west-trending series of surface gold occurrences and gold zones parallel to, and 80 kilometers (50 miles) south of, a similar trend that hosts Agnico Eagle Mines’ Meliadine gold mine project. Since the initial field work commenced at Pistol Bay in April 2011, Northquest has completed three airborne geophysical surveys and 13,660 meters of drilling in 66 drill holes. More than half of the drilling, 37 holes, targeted the Vickers gold zone. Of the 40 holes planned for 2015, Northquest intends to drill another 30 at Vickers. Northquest President and CEO Jon North said, “The next phase of exploration includes the largest amount of drilling ever completed at the Vickers gold zone in a single drilling season, and we are confident that the program will have a great impact on defining the size of the gold zone, which is currently open in all directions.”

- Shane Lasley