New Dimension Completes Field Program at Lansing Project, Yukon
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 5, 2012) - New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") is pleased to provide a summary of exploration carried out in 2012 on three properties in its Lansing Project (the "Project"). The Project comprises 12 properties held by the Company under an option agreement with Strategic Metals Ltd. ("Strategic Metals"). The properties are dispersed over an area 30 to 130 kilometres south of ATAC Resources' Rackla gold property within the Tombstone Gold Belt of central Yukon. Click on the following link to view the locations of the Project:
During the 2012 field season an extensive exploration program was carried out on the Liam and Lance properties. Work on the properties included grid soil sampling, prospecting, geological mapping and hand trenching. A similar but less extensive program was also completed on the Lisa property. Although the data remains to be completely analyzed, preliminary results from the program are summarized as follows:
The Liam Property lies approximately 90 kilometres south of the ATAC's Rackla gold property. Work on the property included grid soil sampling to better delineate a previously defined broad area of elevated multi-element soil geochemistry with localized skarn and vein mineralization. Soil sampling delineated three parallel, southeast-trending, linear anomalies (South Trend, Central Trend and North Trend). Each trend includes strongly elevated soil values for gold (up to 574 ppb), silver (up to 42.2 ppm), copper (up to 847 ppm), lead (up to 6250 ppm), zinc (up to 2320 ppm) and tin (up to 80.4 ppm). These three trends vary in length from 500 to 2,000 metres and are open along strike in both directions.
Exploration within the Central Trend, which comprises the previously discovered Neeson Showing (see press release dated February 2, 2012), was successful in returning two new mineralized zones located 150 metres east-northeast and 250 metres southeast of the Neeson Showing. Samples returned 3.2 g/t gold, 18.6 g/t silver, 0.18% lead, 0.29% zinc, 0.02% copper and 37.6 ppm tin and 2.13 g/t gold, 29.6 g/t silver, 3.56% lead, 0.11% zinc, 0.02% copper and 229 ppm tin, respectively. Click on the following link to view a map of the Liam Property highlighting the sampled area:
The Lance property lies 35 km northeast of the Plateau South property where Goldstrike Resources Ltd. has recently reported significant gold grades from rock samples, including one that assayed 8.18 ounces per ton. Mineralization at Plateau South has been traced over a distance of 13 kilometres and is believed to be associated with regional scale folding and deformation. The Lance and Plateau South properties are located within similar geological settings where Hyland Group sedimentary rocks are cut by mid-Cretaceous intrusions.
Exploration conducted on the Lance Property in 2012 was a follow-up on several strongly elevated gold-in-soil anomalies identified in 2011, which included values up to 8.32 g/t. Grid soil samples returned elevated gold values within a broad arsenic anomaly. These elevated gold-in-soil values may represent arsenopyrite-bearing, auriferous quartz veins hosted within hornfelsed metasediments. Several veins of this type located on the property graded up to 1.61 g/t gold. Detailed prospecting completed in the vicinity of the high grade 2011 soil samples has yet to identify a source for the gold. Click on the following link to view a map of the Lance Property highlighting the sampled area:
The Lisa Property is located approximately 20 kilometres southwest of the Liam Property. In 2012, exploration here included contour soil sampling and prospecting to follow-up anomalous arsenic, gold, antimony, and bismuth soil geochemistry from 2011 work and to better test a known copper-bearing skarn horizon.
Several narrow, intrusion-hosted, arsenopyrite-bearing quartz veins were identified and yielded gold values between 0.364 and 1.10 g/t. Two composite samples collected 150 metres apart along the skarn zone returned 0.352 and 0.714 g/t gold with 0.25 and 0.35% copper. Soil samples taken 300 metres down slope from the skarn returned subdued values for multiple path-finder elements. Click on the following link to view a map of the Lisa Property highlighting the sampled area:
Although data collected from the 2012 exploration program has not been completely analyzed, the Company is encouraged by these results and will be assessing the possibility of a 2013 drill program. In addition to its projects in the Yukon, Canada and Peru, the Company is investigating other projects that will allow exploration to be carried out 12 months per year.
Sampling and QA/QC
Analytical work was done by ALS Chemex with sample preparation in Whitehorse, Yukon and assays and geochemical analyses in North Vancouver, British Columbia. All rock samples were initially analyzed for gold by fire assay followed by inductively coupled plasma-atomic emission spectroscopy analysis (Au-ICP21). The rock samples were further analyzed for 51 elements by aqua regia digestion with inductively coupled plasma combined with mass spectroscopy and atomic emission spectroscopy (ME-MS41). Over limit silver, zinc, lead and arsenic values were determined using aqua regia digestion with inductively coupled plasma and either atomic emission spectroscopy or atomic absorption spectroscopy (Ag-, Zn-, Pb- or As-OG46). All soil samples were analyzed for gold by Au-ICP21 and the multi-element analyses were done by ME-MS41.
The 2012 exploration program was conducted by Archer, Cathro & Associates (1981) Limited ("Archer, Cathro") under the supervision of Sarah Drechsler, P.Geo.
The technical information in this press release has been prepared under the supervision of Mrs. Sarah Drechler, P. Geo, who is a member of the Association of Professional Engineers and Geoscientists of British Columbia, and a "Qualified Person" ("QP") in accordance with NI 43-101. Mr. Fred Hewett, the Company's President and CEO and QP for New Dimension has not reviewed the data comprising this press release, but accepts the information developed under the supervision of the QP for Archer Cathro as being representive of the results obtained from the exploration program.
About New Dimension Resources Ltd.
New Dimension is a well financed mineral exploration company that has an option to earn up at a 100% interest in the Lansing and Mars Projects located in Yukon from Strategic. The properties were staked or purchased by Strategic following an extensive review of a geological database compiled by Archer Cathro, an independent consulting group with extensive exploration experience in Yukon.
Also in Canada, New Dimension holds a 35% interest in the Domain gold project located in northern Manitoba. Since 2006, three drill programs have been completed on the property returning encouraging results highlighted by 18.05 metres of 4.61 g/t gold.
In northern Peru, the Company's Cenepa's gold project covers one of the most attractive geological terrains within the highly prospective Cordillera del Condor mineral belt; adjacent to Kinross Gold Corp.'s Condor Project and Fruta del Norte gold deposit in Ecuador.
NEW DIMENSION RESOURCES LTD.
Fred G. Hewett, P.Eng., President & CEO
This news release may contain forward looking statements which are not historical facts, such as statements of belief of similarity of geological characteristics or features, statements of unverified drilling and sampling results and expectations of receipt of permits and plans for future work. Forward looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, unexpected geological factors, exploration results, results of verification work and unanticipated regulatory obstacles. See New Dimension's filings for a more detailed discussion of factors that may impact expected results.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
FOR FURTHER INFORMATION PLEASE CONTACT:
New Dimension Resources Ltd.
Fred G. Hewett
President & CEO
(604)687-7545 or (888)338-2200
New Dimension Resources Ltd.
(604)687-7545 or (888)338-2200