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Gold/Mining/Energy : NDT VENTURES -- Ignore unavailable to you. Want to Upgrade?

To: Quickdraw who wrote (798)	7/27/2000 11:00:46 AM
From: Quickdraw	Read Replies (1) \| Respond to of 992

From Cannacord: NDT Ventures (NDE : CDNX : Halted) Graeme Currie (604) 643-7405 Recommendation: SPECULATIVE BUY 52-week price range: $0.43-0.11 Shares O/S: basic 25.5M fully diluted 26.6M Major shareholder: Management, +/- 10% Weekly trading vol.: 220,000 Working capital: $3.6 M (CCC est.) Long-term debt: nil Market capitalization: $7.8M Sector: Junior Mining Web site address www.northair.com/ndt New Acquisition of up to an 80% Interest in Antana Prospect Provides substantial Speculative Leverage NDT Ventures, previously best known for its large land package and exploration program in the Voisey's Bay camp, has just announced that the company has acquired an option to earn up to an 80% operating interest in the Antana gold prospect located in Azangaro Province, Southern Peru. At 3,800 metres elevation, the property is road accessible and lies some 20 km from a paved highway. The geologic target is a rhyolitic sub-volcanic intrusive where at surface gold mineralization is defined as strongly silicified and appears to be associated with pervasive stockwork flooding. The main zone of mineralization outcrops over an area of approximately 1,000 by 400 meters and forms a topographically distinct northwest trending ridge. Within the exposed area, 37 wide-spaced rock chip samples taken by NDT averaged 1.15 g/t gold with a high of 3.79 g/t gold. Fifty percent of the samples were reported to exceed one gram per tonne. Each sample is representative of an approximate 10 meter wide area and are spaced a minimum of 50 meters apart. We reviewed mapping of the samples and the key area that hosts values of plus-one gram appears to strike northeasterly for a minimum 800 metres and appears to average 50-75 metres in apparent width. There are numerous historic mine workings along the intrusive at the contact with a carbonaceous shale on both flanks of the ridge that exploited small antimony veins and breccias, and where values up to 3.8 g/t gold are reported. As well, there is a sub-parallel exposure 500 metres southwest of similar material grading up to 1.75 g/t Au that may represent a second exposure of the intrusive. NDT can earn up to an 80% interest in the property through cash payments and exploration expenditures as well as purchasing a portion of any ounces defined at varying prices per ounce, up to US$10/oz. The project will be guided at site by Tom Burkhart, B.Sc., vice president, who has an extensive work history in the western US and has also had significant exploration and management experience in Chile, Central America, Mexico, and Australia. He has been active in South America including a two-year assignment in Argentina as general manager Although a Grassroots target, Our preliminary Assessment is that Antana Offers multi-million ounce Potential The target type and size is such that Antana represents yet another bulk tonnage multi-million ounce prospect. We continue to view the Peruvian address as a plus and the company's management team has extensive exploration experience. We understand the next phase of exploration will likely include further surface sampling and mapping to be followed by drilling. A drill program could begin in Q4/00. At a market cap of less that $8 million prior to the halt, NDT is a very inexpensive SPECULATIVE BUY for risk accounts. The results to date imply that Antana, as a grassroots prospect, has the potential to host a large gold deposit and in the current, highly selective junior exploration theatre, we view this company now as one of a very select few that deserves attention. The information contained in this report is drawn from sources believed to be reliable, but the accuracy and completeness of the information is not guaranteed, nor in providing it does Canaccord Capital Corporation ("Canaccord Capital") assume any liability. This information is current as of the date appearing on a report within this Site and Canaccord Capital assumes no obligation to update the information or advise on further developments relating to these securities. The information contained in the report is directed _only_ at, and any securities being offered are available _only_ to, persons resident and located in British Columbia, Alberta, the Yukon, Ontario and Quebec. Canaccord Capital, its affiliated companies and their respective directors, officers and employees and companies with which they are associated may, from time to time, hold the securities mentioned at this report.