GOLD: Nordgold encouraged by drill results from Nunavut project

NUNAVUT - Russian gold producer Nordgold announced receiving encouraging results from its 2019 drilling programme at the Vickers gold deposit, part of the Pistol Bay project located in northern Canada. In a press release, Nordgold said that all of the 10 holes drilled during this year’s summer campaign confirmed the continuation of the high-grade mineralization at Vickers, intersecting grades and widths potentially suitable for underground mining. According to the miner, six drill holes extended the gold mineralization laterally to the post-mineral dyke, while four drill holes demonstrated that the mineralization steepens and continues at least 200 metres southwestward beyond the dyke. The program targeted the southward and westward continuations of flat-lying high-grade mineralization beyond previously modelled limits. “The assay results confirm the continuation of the high-grade mineralization at Vickers and include gold intersections @ 18.2 g/t over 8.5 m; 16.7 g/t over 2.9 m; and 10.7 g/t over 8.0 m,” the company’s media statement reads. Pistol Bay is a high-grade, 860-square-kilometre gold exploration project located in the Nunavut Territory, on the west coast of the Hudson Bay and within the underexplored Rankin-Ennadai greenstone belt. This story originally appeared on www.Mining.com.