Northquest Ltd. commences drilling at the Pistol Bay Gold Project, Nunavut, Canada
July 13 2012 - 4:07PM
PR Newswire (Canada)
TORONTO, July 16, 2012 /CNW/ - Northquest Ltd. (TSX.V-NQ) (FWB-N3Q)
("Northquest" or "the Company") announces that it has commenced the
second phase of exploratory drilling at the Pistol Bay Project,
Nunavut, Canada. The project consists of 575 square
kilometres of mineral rights covering a 35 kilometre strike length
of prospective stratigraphy containing numerous gold
occurrences. Drilling will be focussed on three of the known
occurrences. This phase of drilling will consist of at least 2,500
metres of diamond drilling. The results of this drilling
program will be released upon receipt and verification of the
drilling assays. Northquest is a mineral exploration company
focused on the acquisition, exploration and development of
properties for the mining of gold and other minerals.
Northquest has 25,315,823 shares outstanding (38,345,035 on a fully
diluted basis). For further information please visit
www.northquest.biz. NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE. Northquest Ltd. CONTACT:
Dr. Jon NorthPresident and Chief Executive OfficerTel. (416)
306-0202Tanya MahadeoInvestor RelationsTel. (416) 306-0486
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