NDT Ventures, Takla Star cut sulphides at Nain area project– It’s not Voisey’s Bay II, but it’s a start.

NDT Ventures (NDE-V) has hit its best drill intersections to date on its Project 44 property, a joint venture with Takla Star Resources (TKR-A), just west of the Labrador town of Nain.

Still, the nickel-copper-cobalt numbers fall far short of those found at Voisey’s Bay, 35 km to the southwest.

The best results, in terms of nickel grade, are in the range of 1-1.65%. All other intersections of more than 1 metre contain less than 1% nickel.

Two significant zones of sulphide mineralization (the Unity and Valley structures) had been discovered at Project 44 last year.

Four vertical holes were drilled in the Valley zone on coincident electromagnetic (EM) and magnetic anomalies. These holes have substantiated that a sulphide-mineralized environment exists in this area. However, NDT management says more geological and geophysical work is required before additional drilling can be carried out.

Hole 44-1 was drilled to a depth of 160 metres and intersected mainly leuconorites hosting magnetite- and sulphide-rich zones. Significant assay results included 4 metres grading 0.37% nickel, 0.37% copper and 0.03% cobalt.

Hole 44-2 was drilled to a depth of 301 meters to test a strong magnetic high. The entire hole cut noritic-to-leuconoritic rocks containing 3-25% disseminated-to-net-textured magnetite, with zones of similar-textured sulphides, over widths of 3-10 metres. Significant assay results included 6.94 metres grading 0.51% nickel, 0.37% copper and 0.04% cobalt.

Hole 44-3 was set up on the eastern edge of the Valley zone EM conductor and drilled to a depth of 159 metres. Rock types were similar to those found in the previous two holes. Significant assay results included 1.44 metres grading 0.54% nickel, 0.24% copper and 0.036 cobalt.

Hole 44-4, collared in the centre of a strong magnetic high and EM conductor axis, was drilled to a depth of 222 metres. The hole cut a mixture of alternating magnetite-rich norite and magnetite- and sulphide-rich leuconorite. The average grade of the hole, from 3 to 108 metres, was 0.16% nickel, 0.13% copper and 0.013% cobalt.

The drill rig was then moved 1 km south to the Unity zone. Here, Hole 44-6 was drilled to intersect several coincident EM and magnetic conductors overlying the main mineralized gossan zones west of the town of Nain. The hole encountered leuconorite, gneiss and norite, the main mineralized zone consisting of veinlets, disseminations and net-textured,

near-massive-to-massive sulphides, with magnetite ranging from 5% to 100% in content. Significant assay results for hole 44-6 include 0.81 metre grading 1.65% nickel, 0.3% copper and 0.150% cobalt. Several other holes have been drilled along this zone, and assay results are pending.

NDT is now conducting downhole surveys in an attempt to define the lateral extent of the flat-lying zones and search for additional mineralized horizons beneath the deepest hole drilled to date (330 metres). As well, a gravity survey will be conducted to aid in the overall interpretation of this complex geological setting before additional drilling is conducted on the Unity zone.

NDT plans a minimum of 15,000 ft. of additional drilling on Project 44, and anticipates 20,000 ft. of drilling on other projects in the area.