Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: david f. dempster who wrote (585)	11/6/1997 10:22:00 PM
From: Supervalue	Respond to of 992

Deep drilling seems to be the new vision ( the first drills were only to 300 meters) Cartaway <CWA ase> has also begun deeper drilling in the past few days weather has slowed the set up and drill pace.

To: david f. dempster who wrote (585)	11/12/1997 12:05:00 PM
From: Flea	Read Replies (1) \| Respond to of 992

NDT Ventures Ltd - Progress on Brazilian exploration program NDT Ventures Ltd NDE Shares issued 22953047 1997-11-11 close $0.51 Wednesday Nov 12 1997 Mr Fred Hewett reports The company has an option to earn a 100% interest in 86 properties totalling approximately 36,000 hectares, all within the Quadrilatero Ferrifero gold district in the state of Minas Gerais, Brazil. A phase one program consisting of geological mapping, prospecting and detailed heavy mineral stream sampling over 45 high and medium potential properties began in late August. On project B8-B11, crews have traced and mapped several banded iron formation horizons which carry extensive gold showings and deposits in the same stratigraphic horizons three to eight to the northeast. Favourable geology and altered sequences cut by quartz veins occur in these iron formations on the company's projects. Old shallow garimpeiro placer workings have also been noted throughout the property. Fine grained gold has been observed in heavy mineral stream samples and assays of pan concentrates up to 43.33 ppm gold have been obtained. On project B-2, which covers a thrust contact of highly altered greenstone volcanics and basement granite, three anomalous gold areas have been identified with pan concentrate assays ranging from 30.28 ppm and 40.85 ppm to 130.44 ppm gold. Background values for both projects are generally under 1.5 ppm gold. Mapping and prospecting to date has located rock types favourable for gold deposits on several of the other properties, as well as strike extensions of auriferous, altered banded iron formations. Rock exposures are minimal and poorly exposed, as the area is heavily forested. To date, most rock and orientation soil samples have returned low gold values, although several areas have shown anomalous gold values up to 450 ppb and other areas have shown anomalously high pathfinder elements (As, Hg). The anomalous stream samples coupled with favourable geology indicate a potential for gold mineralization on several of the properties examined to date and more detailed work will be concentrated around these anomalous areas. All samples are being collected by experienced field personnel under the direct supervision of an NDT geologist. All samples are submitted to and analyzed by Bondar Clegg in Brasilia and Vancouver. The first phase of exploration on the Quadferr project is about 75% complete and is expected to be finalized in late November. Additional assay results will be reported once they are received.