Core Drilling Completed at New Dimension's Reese River Silver Project, Nevada
December 30 2009 - 5:00PM
Marketwired
New Dimension Resources Ltd. (TSX VENTURE: NDR) and its
wholly-owned subsidiary Dimension Resources (USA) Inc. (the
"Company" or "New Dimension") recently completed two core holes
totaling 544 metres at the Company's Reese River Project (the
"Property" or "Reese River") in Nevada.
The core drilling program was designed to follow-up an earlier
Phase I reverse circulation ("RC") drill program (see NDR Press
Release #09-09). The two core holes were positioned approximately
150 meters apart to test an underlying contact zone in the New York
Canyon area, which RC drilling was unable to reach due to high
water flows restricting penetration.
Both core holes intersected the predicted contact target zone,
which showed strong alteration and quartz veining with sulfides,
but neither drill hole reported significant silver
mineralization.
Reese River Project - Background Information
New Dimension's Reese River Project is located near Austin,
Nevada, where reported historical silver production from the Austin
District exceeded 20 million ounces, with the majority of
production coming from bonanza-grade veins.
International Minerals Corporation ("IMZ") can earn a 60%
interest in the Reese River by undertaking an aggregate of US$1.0
million in exploration expenditures. IMZ can acquire an additional
10% interest by funding the completion of a feasibility study on
the project. The drill program was managed by New Dimension with
IMZ funding 100% of its cost.
The technical information in this news release has been prepared
in accordance with Canadian regulatory requirements set out in
National Instrument 43-101 and reviewed by Thomas Burkhart, the
Company's Vice President of Exploration, 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
This news release may contain forward looking statements which
are not historical facts, such as ore reserve estimates,
anticipated production or results, sales, revenues, costs, or
discussions of goals and exploration results, and involves 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, metal price
volatility, volatility of metals production, project development,
ore reserve estimates, future anticipated reserves and cost
engineering estimate risks, geological factors and exploration
results. 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.
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.
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)
info@northair.com www.newdimensionresources.com
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