New Dimension Continues Cenepa Field Work in Peru
February 22 2010 - 8:30AM
Marketwired
New Dimension Resources Ltd. (TSX VENTURE: NDR) (the "Company" or
"New Dimension") is pleased to provide an update on the Cenepa gold
project in northern Peru, which covers the very attractive
geological terrain adjacent to the Kinross Gold Corp. ("Kinross")
Fruta del Norte gold deposit in Ecuador (click to view map:
http://www.newdimensionresources.com/i/maps/Cenepa/2010-01-05_Geology.jpg).
Minera NDR Peru ("NDR Peru"), the Company's 100%-owned Peruvian
subsidiary, continues with its initial exploration program on the
Cenepa concessions using local prospectors and others who have
detailed knowledge of access to the area. The program is designed
to provide the Company with basic geological information of the
Cenepa concessions and a basis on which to build a more extensive
exploration program in the near future once title to all
concessions is obtained and any necessary permission for
exploration is received.
The program will also provide NDR Peru with an opportunity to
develop a respectful dialogue with indigenous people and residents
in the area; a strategy consistent with the Company's commitment to
full and open communication with all appropriate federal and local
governments and non-government personnel as its evaluation of the
Cenepa concessions evolve.
See also the Company's news release dated January 18, 2010 for
additional information on the Company's ongoing work program.
The Cenepa Project is comprised of ten mining concessions
totaling approximately 9,000 hectares in northern Peru along its
border with Ecuador. The Company has verified title for six
concessions and anticipates receiving title to the remaining four
concessions shortly.
The Cenepa concessions, staked by NDR Peru in 2006, cover the
projection of a 20 kilometre long north-south trending mineral belt
that includes Kinross' Fruta del Norte gold deposit with published
total resources (M+I+I) in December 2009 of 11.8 million contained
ounces of gold averaging 9.2 g/t gold.
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.
About New Dimension Resources
New Dimension is engaged in the acquisition, exploration and
development of quality exploration opportunities throughout the
Americas. In addition to the Cenepa gold project located in
northern Peru, the Company also maintains several key mineral
properties situated in Nevada, Canada and South America.
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 info@northair.com
www.newdimensionresources.com
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