An airborne geophysical survey over the Kingurutik Lake property in the Voisey Bay area of Labrador is providing encouragement to partners NDT Ventures (VSE) and Lucero Resources (VSE).
The property was originally staked to cover ground with anomalous nickel, copper and cobalt values about 42 km northwest of Nain.
The recent survey outlined a strong, 5-channel, electromagnetic and coincident magnetic anomaly, which the joint venture believes warrants follow-up prospecting.
A brief ground inspection has confirmed the presence of sulphides associated with a gossan on surface, and NDT plans to proceed with further ground work as soon as possible.
NDT’s interest in the property was originally held by associated company International Northair Mines (TSE). Northair subsequently assigned its interest to NDT in return for four staged payments totaling 600,000 shares, of which 150,000 have been issued.
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