Northquest Ltd. Announces Additional Drilling Results from the Pistol Bay Gold Project, Nunavut, Canada

Northquest Ltd. Announces Additional Drilling Results from the Pistol Bay Gold Project, Nunavut, Canada PR Newswire TORONTO, November 19, 2012 TORONTO, November 19, 2012 /PRNewswire/ -- PB-12-18 INTERSECTS 163.20 METRES GRADING 2.11 GRAMS GOLD PER TONNE AT THE VICKERS TARGET Northquest Ltd. (TSX.V-NQ) (FWB-N3Q) ("Northquest" or "the Company") announces additional drilling results from the Pistol Bay Gold Project, Nunavut, Canada. The project consists of 675 square kilometres of mineral rights covering a 50 kilometre strike length of a 2 kilometre wide alteration zone known as the Pistol Bay Corridor, which contains numerous gold occurrences. The results herein are from the Vickers Target. The Company has completed 4,580 metres of drilling this year and drilling operations are currently suspended for the winter. It is anticipated that drilling will resume in June 2013. Vickers Target The Vickers Target is an elliptical, 1 kilometre diameter, gabbro-diorite intrusive complex within silicified schist and mylonite of the Pistol Bay Corridor. A gold-bearing, siliceous, chloritic breccia zone is exposed in the margin and footwall of the intrusion in surface outcrops. The contact between the mineralized intrusion and the mineralized footwall sequence dips south at approximately 70 degrees. Fifteen drill holes (3,600 metres) have been completed at the Vickers Target.