New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New
Dimension") is pleased to provide an update on the Cenepa gold project, which
covers one of the most attractive geological terrains in northern Peru: adjacent
to the Kinross Gold Corp. ("Kinross") Condor Project and Fruta Del Norte gold
deposit in Ecuador (please click to view map:
http://www.newdimensionresources.com/i/maps/Cenepa/Cenepa_Project.jpg).


The Company has been advised by its Peruvian legal council that title
confirmation has been received on two additional Cenepa concessions. Minera NDR
Peru S.A.C. ("NDR Peru") now holds title to six key concessions with title for
the remaining four concessions anticipated shortly. The company expects to
initiate exploration activities on the property in early 2010 and is currently
assessing the area logistics and property geology for its initial program.


"I am very pleased with our success in obtaining key concessions within the
Cordillera Del Condor gold district in Northern Peru", said Fred Hewett,
President and CEO of New Dimension. "Management believes that its land position,
bordering the Kinross Fruta Del Norte deposit in Ecuador and only five
kilometres from one of their significant gold occurrences, is one of the most
promising for discovery of mineralization on trend and proximal to their Condor
Project. New Dimension looks forward to advancing the Cenepa Project and to an
exciting 2010 exploration season."


The Cenepa Project is comprised of ten mining concessions totaling approximately
9,000 hectares in northern Peru along its border with Ecuador. The concessions,
staked by NDR Peru in 2006, cover the projection of a 20 kilometre long
north-south trending mineral belt that includes Kinross' Condor Project and the
Fruta Del Norte gold discovery.


The Condor Project is situated in Ecuador near the Peruvian border and was
acquired by Kinross in September 2008 through the acquisition of Aurelian
Resources Inc. The Kinross property includes a NI 43-101 compliant Inferred
Mineral Resource at Fruta Del Norte consisting of 58.9 million tonnes grading
7.2 g/t gold and 11.8 g/t silver containing 13.7 million ounces of gold and 22.4
million ounces of silver. Kinross currently have 4 drill rigs active on the
project and intend to complete a pre-feasibility study in 2010.


Also within the Condor Project is the Aquas Mesas Sur prospect, which includes
an announced drill intercept of 51.06 g/t gold over 9.2 metres. This prospect is
the southern-most known gold occurrence within this newly emerging gold belt and
is located only five kilometers north, and on trend with, NDR Peru's Cenepa
concessions. Although there has been very limited exploration work in Peru where
the mineral trend crosses the border, the Company believes the area is
geologically highly permissive for the discovery of significant gold deposits.


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.


New Dimension Resources (TSXV:NDR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more New Dimension Resources Charts.
New Dimension Resources (TSXV:NDR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more New Dimension Resources Charts.