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Third drilling season opens at Pistol Bay
Lyndsay Herman
Northern News Services
Published Monday, July 15, 2013
KANGIQLINIQ/RANKIN INLET
Northquest Ltd. announced the start of its 2013 exploration program at the 677.6 square kilometre Pistol Bay Gold Project in a July 10 news release.
The project is located 80 km south of Agnico Eagle Mines' Meliadine gold project.
Northquest recently completed construction of a winterized camp facility which will allow for drilling all through the year.
The 2,000 metres of drilling planned for this year is expected to begin in mid-July, with results available in August.
"With exploration expenditures of only $4.9 million to date, Northquest has obtained economically-interesting drilling intersections at three targets in a 20-kilometre long segment of the 90-kilometre-long Pistol Bay Trend," stated Northquest president and chief executive officer Jon North.
Northquest acquired initial claims to the project in December 2010.
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