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Northquest: Initial resource at 739,000 ounces at Pistol Bay's Vickers gold zone

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Northquest: Initial resource at 739,000 ounces at Pistol Bay's Vickers gold zone

NorthquestLtd. said April 8 that it has completed the initial mineralresource estimate for the Vickers gold zone of the project in easternNunavut, Canada, based on 69 drill holes totaling 17,240 meters.

The initial estimate was reported as an inferred resource of7.79 million tonnes grading 2.95 g/t of gold for 739,000 ounces of gold, at acut-off grade of 1.25 g/t of gold and a gold price of US$1,500 per ounce.

The company's diamond drilling data from 2012 to 2015were used for the resource estimate.