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

To: Terence Mitchell who wrote (974)	3/9/2002 9:48:31 PM
From: Terence Mitchell	Respond to of 992

NDT completes initial Amarok field investigation NDT Ventures Ltd NDE Shares issued 25,626,978 Mar 7 close $0.11 Fri 8 Mar 2002 News Release Mr. Fred Hewett reports NDT INCREASES LAND POSITION AND PLANS FOR AIRBORNE SURVEY ON ... NDT Ventures has provides an update on its Amarok property located 70 kilometres northwest of Rankin Inlet in Nunavut, Canada. In November, 2001, NDT finalized an agreement with the Hunter Exploration Group, to acquire this new property discovered during a regional exploration program. At Amarok, gold values occur within a banded iron formation (BIF) that is upward of 100 metres thick and has yielded gold values of up to 9.8 grams per tonne at the AV Wolf discovery occurrence. NDT's initial field investigation has confirmed previous sampling and defined surface gold mineralization over a 100-metre by 600-metre area that remains open along strike. Of 57 samples taken, 30 reported gold values exceeding 100 parts per billion with 16 assaying in excess of one gram per tonne gold. Anomalous gold values from chip sampling of BIF have been identified, on strike, over one kilometre to the northeast of the discovery, suggesting the productive horizon may extend over several kilometres. Government regional magnetic data show that the AV Wolf discovery lies on the southern end of a prominent 17-kilometre-long, northeast trending, magnetic high measuring up to three kilometres wide. A second magnetic high occurs approximately three kilometres along strike to the northeast. This target extends the trend an additional eight kilometres and is up to three kilometres wide. To cover the area of potential, the company has acquired additional prospecting permits and exploration claims and its land position now totals over 70,000 hectares. Only a small portion of this ground has been investigated to date. NDT's next phase of exploration will include a program of detailed airborne magnetics over the main two anomalies and the surrounding ground. The objective of this work will be to locate and prioritize specific targets that can be field checked in search of potential drill targets. NDT can earn a 100-per-cent interest in the property, subject to a royalty, by conducting exploration totalling $1,125,000, issuing one million shares and paying $30,000 in cash over a four-year period. This agreement is subject to confirmation of regulatory approval. The Amarok property is situated within a highly prospective geological terrain known to host large gold deposits. The Meliadine West zone, located 40 kilometres to the southeast, reports a 4.9 million-ounce resource and the Meadowbank property, located 200 kilometres to the northwest, contains a resource of three million ounces. The company is very pleased to have acquired such a prospective early stage gold project, and will keep its shareholders informed as exploration progresses. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com