OTHER TARGETS SUMMARY

At the end of the drilling season in October, 2012, Northquest completed a high resolution airborne magnetometer survey (helicopter-towed, 50 m line spacing), over the Pistol Bay Corridor. The purpose of the survey is to provide more detailed context of the setting of the known gold occurrences and to provide the background data to search for more drilling targets in the Pistol Bay Corridor.

Much of the property is covered by glacial moraine. We expect that new exploration targets in concealed areas, with attributes similar to the known targets,  will be generated through the analysis of the high resolution airborne magnetometer survey data. Any new targets will be explored in 2013.

The map illustrates the claim boundary of the Pistol Bay Project and the Pistol Bay Corridor underlain by the latest airborne magnetometer data (Total Magnetic Intensity). The Vickers, Bazooka, and Mauser gold occurrences are spatially related to areas where northeast cross structures intersect the Pistol Bay Corridor. Some of the other gold occurrences may be related to other structural ingredients.

The above map illustrates the claim boundary of the Pistol Bay Project and the Pistol Bay Corridor underlain by the latest airborne magnetometer data (Vertical Magnetic Gradient) and including some of the prominent northeast cross structures