Nordgold: A High Growth International One Million Ounce Gold Producer
Expanding the Pistol Bay Project
Pistol Bay Project Overview
Location
Project
parameters
Location
Infrastructure
Mine type
Development
Stage
Resources
Arctic Canada, Nunavut Territory, on the coast
of Hudson Bay, 10km from Whale Cove town
Accessible by air or by sea with about 5-month
navigation period. Sea port, airstrip and access
road to site
Open pit, high grade
Advanced exploration
1.58 Moz at 2.2 g/t Inferred Resources (NI 43-
101 compliant)
Project location map
Kilometers
RANKIN-ENNADAI BELT
Since 2010-0.63 M oz. Au
produced
ABITIBI BELT
Since 1909 >150 M oz. Au
produced
Meadowbian
PISTOL BAY PROJECT
Project Highlights
Pistol Bay project is wholly owned by Nordgold
Nordgold more than doubled the Vickers gold deposit
(part of Pistol Bay) Inferred open pit Resources to 1.58
Moz of gold at a grade of 2.2 g/t as at February 2020
from previous estimate of 739 koz at 2.95 g/t.
The increase in Resources follows an extensive 2019
drilling programme to evaluate a potential extension of
the high grade mineralized zone at Vickers.
US$3 million 2020 drilling programme planned to
further expand the project resource base.
Baker Lake
U
Rankin Inler
HISTOL BAY
PROJECT
Cullatentato
Pistol Bay, Vickers ore body and pit shells
100
Kilometers
Au Legend
10
0.5
Plunge +35
Azimuth 024
250
500
750
14
nordgold
more than goldView entire presentation