Lund Gold Ltd. and Noront Resources Ltd.: Drilling Planned on Lund Property, Ontarioadmin
Lund Gold Ltd. and Noront Resources Ltd. to release the following project update on their Lund property in the “Ring of Fire” area of the James Bay Lowlands, Ontario.
Recent Vtem airborne surveys have been completed over the Lund-Noront project area, known as the Lund Property. Noront reports that two Vtem airborne geophysical anomalies are being scheduled for immediate follow up by Noront. The anomalies occur in an area of low magnetic amplitude, one of which is associated with a weak magnetic axis. Ground geophysical surveys, (magnetic and VLF) followed by diamond drilling are planned before freeze-up.
The Lund property consists of 13 claims that total 169 units. For terms of the agreement please refer to Lund news release dated February 4, 2008. Upon Lund satisfying the terms of the agreement to earn 50%, a joint venture will be formed with Noront acting as the Operator.
To find out more about Lund Gold Ltd., please visit www.lundgold.com. To find out more about Noront Resources Ltd., please visit www.norontresources.com.