New Dimension Commences Drilling at Midas Gold Project, Ontario
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/06/13 -- New Dimension Resources Ltd. (TSX VENTURE: NDR) (the "Company" or "New Dimension") reports that diamond drilling has commenced on its Midas gold property ("the Property"), located approximately 50 kilometres northeast of the town of Wawa in north central Ontario.
The initial holes of the 1,800 metre program are designed to confirm and expand the GZ-1 Zone (previously referred to as the M-16 Zone) along strike and to depth. The M-16 Zone was discovered by Lakeland Resources Inc. ("Lakeland") during their 2011 drill program. Additional drilling is planned to test the strike continuity of the mineralization encountered in holes M-11-08 and 09. Drilling will also evaluate a structural flexture that appears to locally control mineral distribution and is supported by geophysical data.
Results of the drill program will be announced once assays are received and the results interpreted.
New Dimension can earn an initial 70% property interest by spending $1.2 million in exploration expenditures, issuing 1.5 million shares of New Dimension and paying $100,000 on or before December 31, 2016. Lakeland holds the Property under option from local prospectors and can earn a 100% interest subject to a 2% NSR production royalty.
About New Dimension Resources Ltd.:
New Dimension Resources Ltd. is engaged in the acquisition, exploration and development of quality exploration opportunities throughout the Americas. The Company has an option to earn a 70% interest in the Midas gold property in north central Ontario from Lakeland Resources Inc. and an option to earn up to a 100% interest in 13 properties located in the Yukon from Strategic Metals Ltd.
This news release was reviewed by Fred Hewett, P. Eng. the Company's President & CEO, a Director and a Qualified Person under NI 43-101.
ON BEHALF OF THE BOARD
NEW DIMENSION RESOURCES LTD.
Fred G. Hewett, P.Eng., President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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.
Contacts:
New Dimension Resources Ltd.
Fred Hewett
(604) 687-7545 or (888) 338-2200
New Dimension Resources Ltd.
Chris Curran
(604) 687-7545 or (888) 338-2200
(604) 689-5041 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 06.11.2013 - 19:22 Uhr
Sprache: Deutsch
News-ID 313546
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 152 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"New Dimension Commences Drilling at Midas Gold Project, Ontario"
steht unter der journalistisch-redaktionellen Verantwortung von
New Dimension Resources Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
