Noveder to drill in Nfld

Drilling is set to begin at Noveder‘s (NED-M) Betts Cove and Rainbow gold properties near Baie Verte, Nfld.

The 1,100-metre program is designed to test the extensions of the producing horizon at the Nugget Pond mine, owned by Richmont Mines (RIC-T).

Also, an additional 700 metres of drilling at the contiguous Micmac and Micmac Lake properties will test significant vein-type gold showings (up to 155 grams per tonne) and soil anomalies (more than 1 gram).

In related news, Pierre O’Dowd has succeeded Alain Morissette as president of Noveder.