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Gold/Mining/Energy : Latitude Minerals LTU.V -- Ignore unavailable to you. Want to Upgrade?

To: Spiney who wrote (9)	4/6/1998 7:54:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 366

1998 exploration program for South Voisey's Bay approved NDT Ventures Ltd NDE Shares issued 22,953,047 Apr 6 close $0.42 Mon 6 Apr 98 News Release Mr Fred Hewett reports The company has received and reviewed the detailed core report for the 1997 South Voisey's Bay project exploration program managed by Teck Exploration/Donner Minerals. The South Voisey's Bay (SVB) project consists of separate joint ventures between 13 public exploration companies and Donner Minerals on mineral lands in an area 90km south of the world class Voisey's Bay, Labrador, nickel-copper-cobalt deposits. The joint venture partners have recently approved the 1998 two-phase exploration program totalling approximately $15 million for the SVB project. Teck/Donner have proposed a significant expenditure for 1998 on NDT's joint ventured property, Project 79. This property is now jointly held 50% by NDT, 25% by Latitude Mineral Corp and 25% by Donner with Teck Corp as field manager. Project 79 is adjacent to the south boundary of the Donner-Northern Abitibi mining JV property and 2.5km south of a new nickel-copper-cobalt discovery made by Teck in December 1997, where drill hole 97-96 intersected 1.13% Ni, 0.78% Cu and 0.20% Co over 15.7m. This significant mineralization is hosted in an olivine gabbro-troctolite intrusion which is well defined by a two to three milligal gravity high and a coincident, positive 200 gamma magnetic anomaly which strikes southwestward and directly through NDT's Project 79. During 1997, Teck drilled four wide spaced holes over a 2km distance on Project 79 near this coincident geophysical anomaly. All holes intersected disseminated mineralization with anomalous Ni-Cu-Co values above the base of an olivine gabbro intrusion. Geophysical surveying with down the hole electromagnetics detected a strong off-hole EM conductor in one of these holes. The 1998 proposed exploration budget was recently reviewed and approved by the company. The two-phase budget for Project 79 totals $987,000. Phase I includes in-fill gravity and geological surveys and 1,500m of diamond drilling plus contingencies. The drilling will test the off hole pulse EM anomaly detected in 1997 and further test the favourable olivine gabbro and the related gravity-magnetic anomaly along its 3km strike length on Project 79. The phase 2 program, totalling $380,500 is reserved for additional drilling and is contingent upon the success of the SVB project phase I program. NDT is responsible for 50% of the budget on Project 79. All field exploration work will be managed by Teck Exploration under the direct supervision and input of Donner as the project operator. The SVB project is expected to begin in early May. NDT and four of its joint venture partners have optioned an additional six properties, totalling 16,500 ha to Donner Minerals as part of the SVB project. These projects are outside of the SVB core properties and proposed programs and budgets have yet to be finalized on these projects. Elsewhere in the area, the company along with its joint venture partners have optioned a group of properties to Leader Mining International Inc. Leader can earn a 60% interest in these properties by expending $450,000 in exploration over three years and by making payments of $25,000. The company is also in discussions with major mining companies with respect to its other Voisey's Bay and Staghorn Lake projects. NDT has approximately $5.5 million in working capital and is actively reviewing advanced base metal and gold projects containing significant drilled resources elsewhere in Canada and South America. The company's intention is to acquire a portfolio of accessible and advanced properties requiring development drilling which could lead to production decisions in the short term. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

To: Spiney who wrote (9)	4/6/1998 11:30:00 PM
From: Joel W. Grothendick	Read Replies (1) \| Respond to of 366

Norm, Thanks for the bit from the stockman forum. I continue to have the utmost confidence in ltu. Just got back from a long weekend in Lake Tahoe today...I wish I had the same luck there as I have had with ltu. Got my monthly statement from my broker today, it seems I have 4000 shares less of ltu than I had thought. As you can imagine I'm a bit upset. If I can't get this straightened out I will be on the bid tommorow as I believe we are still at relatively safe levels. Judging by todays action it looks like there is some positioning taking place and tommorow will be the day to take advantage of the current dip. I don't think it will last long. Best of luck, Tahoe Joel <g>