Lund Gold Ltd. and Noront Resources Ltd.: Drilling Planned on Lund Property, Ontario
September 18 2008 - 12:34PM
Marketwired
Lund Gold Ltd. (TSX VENTURE: LGD) ("Lund") and Noront Resources
Ltd. (TSX VENTURE: NOT) ("Noront") are pleased 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.
On Behalf of the Board of Directors of LUND GOLD LTD.
Chet Idziszek, President
On Behalf of the Board of Directors of NORONT RESOURCES LTD.
Richard Nemis, President and CEO
Cautionary Statement
This document contains "forward-looking statements" within the
meaning of applicable Canadian securities regulations. All
statements other than statements of historical fact herein,
including, without limitation, statements regarding exploration
results and plans, and our other future plans and objectives, are
forward-looking statements that involve various risks and
uncertainties. Such forward-looking statements include, without
limitation, estimates of exploration investment and the scope of
exploration programs. There can be no assurance that such
statements will prove to be accurate, and future events and actual
results could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from our expectations are disclosed in the
Company's documents filed from time to time via SEDAR with the
Canadian regulatory agencies to whose policies we are bound.
Forward-looking statements are based on the estimates and opinions
of management on the date the statements are made, and we do not
undertake any obligation to update forward-looking statements
should conditions or our estimates or opinions change.
Forward-looking statements are subject to risks, uncertainties and
other factors, including risks associated with mineral exploration,
price volatility in the mineral commodities we seek, and
operational and political risks.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this release.
Contacts: Lund Gold Ltd. David Scott Investor Relations (604)
331-8772 (604) 331-8773 (FAX) Website: www.lundgold.com Noront
Resources Ltd. Neil Novak Vice President Corporate & Aboriginal
Affairs (416) 864-1456 Website: www.norontresources.com
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