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July 31, 2002
A detailed airborne magnetic survey over priority portions of NDT's large land position in the area commenced on July 10 and will be complete before month-end. While this survey is being completed, detailed surface evaluations on the known gold showings on both the Fox claims and the Amarok property will be conducted. This work is now in progress and will include channel sampling of known gold mineralization and detailed geologic mapping. The objective is to better define and expand known occurrences and further prioritize potential drill targets.
June 3, 2002
NDT Ventures has acquired a second gold property near Rankin Inlet, Nunavut. The Fox property, currently wholly-owned by Comaplex is contiguous on the southwest with NDT's Amarok gold project. The Amarok and Fox claims cover a 35 km long northeast trending belt of amphibolite and metasediments, in which gold bearing exhalite/banded iron formation (BIF) occurs. NDT can earn up to a 75% interest in the Fox claims over a five-year period by completing CAD1,125,000 in work, issuing 500,000 shares of NDT and paying CAD150,000 cash. Commencing this month, NDT plans to conduct a detailed airborne magnetic survey over the Fox and Amarok claims to be followed by a program of surface mapping and sampling.
March 31, 2002
The next phase of exploration was to include detailed airborne magnetics over the main two anomalies and the surrounding ground. During September 2001, 14 field man days of exploration was conducted at the property, Nunavut. In total, 66 rock samples were collected and 1.85 line kilometres of gridding and ground geophysical surveying was completed. Of the 66 rock samples which were collected during September 2001, 16 are anomalous and contain greater than 0.5 grams gold per tonne (g Au/t), and 10 are possibly anomalous and contain between 0.15 and 0.5 g Au/t. All anomalous samples were collected from banded iron formation which typically contains one or more of sulphide minerals (pyrrhotite, pyrite), silicification and/or alteration minerals (chlorite, epidote).