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Gold/Mining/Energy : NDT VENTURES

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To: Terence Mitchell who started this subject	10/14/2003 7:12:30 PM
From: grusum	of 992

NDT Ventures begins geophysical program at Pasco Canyon 2003-10-07 11:59 ET - News Release Mr. Fred Hewett reports GEOPHYSICS AND DRILLING PLANNED ON NEVADA PROJECTS A detailed ground magnetic survey is under way on NDT Ventures' Pasco Canyon project located in Nye county, Nevada. The geophysical program is designed to provide priority targets for a drill program scheduled upon completion and interpretation of the survey results. The property hosts an upper-level volcanic-hosted epithermal gold system outcropping on the edges of a range front and interpreted by geophysics to extend under a pediment adjacent to the outcrop. The Pasco Canyon property sits in a similar geological setting to the Round Mountain gold mine (+13 million ounces of postproduction and current reserves) situated 20 kilometres to the southeast, and drilling will be designed to test the similarities. Geophysical programs are also planned on the company's other two Nevada gold projects. The Trend project consists of a large land position that abuts the southern end of the Cortez joint venture in north-central Nevada. This Placer-Kennecott joint venture controls over 18 million ounces of gold in reserves/resources and has made a recent significant discovery at Cortez Hills, which stands at 5.5 million ounces of gold, and is reported to be rapidly expanding. The Trend project lies approximately eight kilometres south-southeast of Cortez Hills and on strike with the lineation of known deposits within the district. A significant enzyme leach soil anomaly suggesting underlying gold mineralization occurs on the company's claims along this lineation and a gravity survey is planned to prioritize Cortez-Hills-type targets for drilling. At Black Hills in western Nevada, mapping and sampling by the company has returned values up to five grams per tonne gold related to sulphides replacing calc-silicate skarn mineralization. Only a small portion of the potentially large host environment is exposed on surface and the company plans an IP survey to better define sulphide distribution in preparation for drilling. As well as its Nevada exploration programs, the company is awaiting results from exploration conducted this summer at its Melville diamond project and drilling conducted by Falconbridge Ltd. at its South Voisey Bay project. NDT continues with its aggressive acquisition and exploration philosophy, and is presently reviewing an additional Canadian precious metal property acquisition. WARNING: The company relies upon litigation protection for "forward-looking" statements. new.stockwatch.com

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