External Hard Disk problem

I do have an external hard disk, which i was using earlier with my xp os. I made it two partion. One 30 and other 10 GB. It was working fine. But somehow after I installed Ubuntu, I was just going through those drives, and the 10 GB showed some error when trying to open.
Below is the details of it.

Unable to mount location
Error mounting: mount exited with exit code 13: $MFTMirr does not match $MFT (record 0).
Failed to mount '/dev/sdb1': Input/output error
NTFS is either inconsistent, or there is a hardware fault, or it's a
SoftRAID/FakeRAID hardware. In the first case run chkdsk /f on Windows
then reboot into Windows twice. The usage of the /f parameter is very
important! If the device is a SoftRAID/FakeRAID then first activate
it and mount a different device under the /dev/mapper/ directory, (e.g.
/dev/mapper/nvidia_eahaabcc1). Please see the 'dmraid' documentation
for more details.

Now the problem is I do have the data in it, or else I could have tried to format and remove the whole damn everything and tested it. I need those data, so is there any possible to resolve this issue without loosing my data. Probably an virus which is related to Windows or I don't know. And my concern is, even if there isn't anything possible to do and i end up formatting the disk, does it provide me an option to make it FAT file system or NTFS or EXT4 as it used in Ubuntu. Which all formats I get, I wanted to know. And is there any possible way I can make it work without error, and without loosing the data. And one more thing, I am not able to open that drive, I mean when I click it, it shows the above error. And other 30GB drive of same hard disk I am using it..