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Gold/Mining/Energy : NDT VENTURES
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To: James R. who wrote (365)9/24/1997 10:43:00 AM
From: Richard Humphrey   of 992
 
James R: Here is the news release that has created this surge in the stock price. It is my belief that there are alot of shorts covering their positions right now with the announcement of pending drill results from Project 79. Yorkton seems to be a big buyer. Terrance are you watching the BUY/SELLS?

Additional drilling planned for Voisey's Bay project

NDT Ventures Ltd NDE
Shares issued 22,953,047 Sep 23 close $0.34
Wed 24 Sept 97 News Release
Also Latitude Minerals Corp (LTU)
Also Donner Resources Ltd (DRZ)
Mr Fred Hewett reports
NDT Ventures has agreed to finance its 50% share of an increased drill
budget on project No. 79 in the South Voisey's Bay project area. Project
No. 79 is a joint venture between NDT (50%), Donner Resources (25%) and
Latitude Minerals (formerly Lumina Investments) (25%) with Teck Corp as the
field manager.
Following a site visit by one of NDT's senior geologists, the company has
agreed to a budget increase of approximately $300,000. These funds will be
used to complete additional diamond drilling in the order of 900m in a
minimum of three holes to continue the testing of a favourable geologic
environment for significant nickel-copper-cobalt deposits. To date,
Donner/Teck have completed a total of 1,682m in seven diamond drill holes
on project No. 79. Results will be released as soon as possible.
(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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