Location and Description of the Project

PISTOL BAY

Pistol Bay Gold Project is a high grade exploration project located in Nunavut Territory, northern Canada, on the west coast of Hudson Bay.

The Pistol Bay property consists of 860 square kilometers of mineral rights within the underexplored Rankin-Ennadai greenstone belt. An operating mine at Meadowbank and a development project at Meliadine of Canadian gold producer Agnico Eagle Mines Ltd. are located in the same belt as Pistol Bay.

The Project is located within Arctic Canada. It is accessible by air or by sea with about 5 months navigation period from southern Canada. There is a village, port and airstrip within ten kilometres of the property and an all season road in the eastern part of the project provides access to the Pistol Bay camp and to most of the known gold occurrences.

Nordgold throught its Canadian subsidary Northquest Ltd is the 100% owner of the Pistol Bay Project.

In February 2020, Nordgold more than doubled Mineral Resources at Pistol Bay. Inferred open pit Resources increased by 114% to 1.58 million ounces (Moz) of gold at a grade of 2.2 g/t from previous estimate of 739 koz at 2.95 g/t (RPA, 2016).

Toronto Office Contact Details

Suite 301 - 82 Richmond Street East,
Toronto, Ontario
Canada M5C 1P1

Tel. 416 306 0954
email: ludy.gibson@nordgold.com

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