An exploration gamble undertaken in southern Nunavut in late 2010 by Northquest Ltd. is proving to be a good bet.

The Toronto-based junior Sept. 4 reported results from three holes drilled in the Vickers Target on the Pistol Bay Gold Project in Nunavut, including 158.4 meters averaging 3.46 grams per metric ton gold from 9.95 meters depth in hole PB-13-03. Two intervals of high-grade mineraliza...