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Gold/Mining/Energy : NDT VENTURES

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To: Terence Mitchell who started this subject10/5/2000 7:36:57 AM
From: Frankly Speaking  Read Replies (1) of 992
 
ANTAÑA INITIAL CHANNEL SAMPLING SHOWS GOOD MINERAL CONTINUITY

NDT Ventures Ltd. (CDNX:NDE; OTCBB:NDTVF) is pleased to report the results of the first 6 channel sample lines submitted for assay from the Company's Antaña project located near Juliaca in the department of Puno, Peru. Antaña is a large intrusive-related gold system that is being evaluated as a bulk-mineable heap leach target.

Initial chip sampling by the company earlier this year identified strongly anomalous gold mineralization over an area of 1,000 meters by 400 meters with surface panel sampling averaging 1.18 g/t Au. The channel sampling program now in progress is designed to better establish the continuity of the gold mineralization in outcrop exposures of the host rhyodacite. Fifteen sample lines have been laid out to date with results received from lines 5 through 10. The sample lines were designed to be continuous channels oriented north 40º east and spaced at 50 meter intervals. However, company geologists experienced some difficulty in reaching bedrock in some portions of the sample lines and further work is underway to increase bedrock exposure.

Assays received to date from the channel sampling have confirmed that a broad band of continuous mineralization exists at Antaña. Within this band, work has identified a continuous zone of mineralization within the footwall of the intrusive measuring 300 meters on strike with an average width of 30 meters that grades 1.05 g/t Au. This zone remains open in both directions along strike and will be tested by additional sampling. The footwall zone occurs within a wider exposure of rhyodacite that averages approximately 200 meters across containing significantly anomalous gold. Channel sampling within this zone has identified intervals including 12m @ 2.48 g/t Au, 8m @ 1.71 g/t Au, 26m @ 0.77 g/t Au, and 16m @ 1.47 g/t Au. Further work is ongoing in these areas. Values of the footwall zone are tabulated as follows:

Line Number
Width, meters
Average Grade g/t Au

10
26
0.91

9
22
1.04

8
44
1.24

7
30
1.25

6
20
0.85

5
30
0.85

Average
30
1.05


The Company is continuing with its surface exploration program of geological mapping and sampling while completing permitting and obtaining bids from contractors for the upcoming drill program. It is anticipated that drilling will commence before the end of October.

Work on the project is being carried out under the supervision of Mr. Tom Burkhart, Vice President Exploration of NDT Ventures Ltd. The company will continue to keep shareholders informed as work progresses on this exciting project.

On Behalf of the Board,

NDT VENTURES LTD.

"Fred G. Hewett"

____________________________________
Fred G. Hewett, President

For further information:
Telephone: 1-604-687-7545, 1-888-338-2200 (toll free)
Web Site: northair.com
E-mail: info@northair.com

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The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production, sales, revenues, costs, or discussions of goals and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production; and project development, ore reserve estimates, and cost engineering estimate risks. See the Company’s Form 6-k and 20(f) reports for a more detailed discussion of factors that may impact expected results.

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Return to NDT's Press Releases Page.
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