Pistol Bay

A high grade exploration project

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

In 2019, Nordgold conducted an exploration drilling campaign that demonstrated an extension of the previously known mineralisation. As a result, the Pistol Bay inferred mineral resource estimate doubled to approximately 1.6 Moz of gold at a grade of 2.2 g/t.

We intend to continue focusing on exploration activities to expand the current resource base at Pistol Bay.

Toronto Office Contact Details

Suite 301 — 82 Richmond Street East,
Toronto, Ontario
Canada M5C 1P1
Tel. 416 306 0954
email: ludy.gibson@nordgold.com

Contacts

Corporate Communications
Procurement Department