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Gold/Mining/Energy : Donner Minerals (DML.V) -- Ignore unavailable to you. Want to Upgrade?

To: John Small who wrote (3943)	4/6/1998 7:40:00 PM
From: Flea	Respond to of 11676

NDT Ventures Ltd - 1998 exploration program for South Voisey's Bay approved NDT Ventures Ltd NDE Shares issued 22953047 1998-04-06 close $0.42 Monday Apr 6 1998 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.

To: John Small who wrote (3943)	4/6/1998 8:37:00 PM
From: John Paquet	Read Replies (1) \| Respond to of 11676

John S., TREND IS YOUR BEST FRIENDS. NAI is one of the great SVB, twin of DML [little younger though!], It has had great movement since Dec. from Dec. 40 cents to recent hi of $1.83. NAI had a breakout ascending triangular 2-month-in-the making shape in late January, and re-test that breakout neckline at $1.38. With increased volume NAI moved higher again to that $1.83. [but it did not break that, it has to closed prices above that $1.83 and with significant large volume.] As my explanations in the market places, SVB is in retracement mode, stocks's prices dripped down a bit with small volume. I did not watch NAI closely, I could not try to give you 1/3 retracement and volume figures. But surprisedly, NAI has exactly the same chart patterns as that MGD. [please see MGD chart for comparisions] Once DML starts its up trend at least after 3 days's retracement, and minimum of 1/3 retraced of what it gained, DML will test that $2.85, with larger volume, and that $4.30 when drill rigs are on sites, and $10.85, as drill results prove great even $28.00 if results are even greater etc... If that is the case, watch out NAI and MGD [also CWA] with a big BREAKOUT AND LARGE VOLUME AND CONFIRM ITS UP TREND AND PRICES WILL CONTINUE MOVE HIGHER AND HIT NEW HI. THAT IS A TREND IS A TREND IS A TREND AND TREND IS YOUR BEST FRIENDS. Again, this is just my thoughts, not any methods or system of forecast in the stock markets is infallible.