New Dimension Resources Ltd. (TSX VENTURE: NDR) (the "Company" or
"New Dimension") is pleased to report that the prospecting program
recently completed by Minera NDR Peru ("NDR Peru") on its Cenepa
concessions, has returned positive gold values from stream sediment
sampling. During the three week work program conducted in late
August, three field crews collected 32 stream sediment samples and
19 rock chip samples on the property as a follow up to a very
positive initial program completed in April.
"We are extremely pleased that our crews were successful in
obtaining further significant gold values from the Cenepa gold
project," said Fred Hewett, President & CEO of New Dimension.
"Results of the prospecting and sampling program have greatly
increased the Company's understanding of the property's geology and
will assist in planning for a much more aggressive future
program."
Stream Sediment Sampling
Results of the stream sediment sampling identified three gold
anomalies with values greater than 400 ppb.
Two gold anomalies are associated with dacite intrusive rocks
near a contact with carbonate rocks and are located 5 kilometres
apart, in the southern and west central portion of the property.
The southern anomaly ("Anomaly #1") consists of two anomalous
values (118 and 518 ppb gold) in consecutive samples, immediately
downstream from a two kilometres long exposure of dacite intrusive
rock. These gold values are closely associated with anomalous zinc
(greater than 400 ppm) values.
The northern anomaly ("Anomaly 2"), consisting of an anomalous
value of 540 ppb gold, is also associated with dacite intrusive
rocks in contact with carbonate rocks. Surrounding this sample are
several others that returned moderately anomalous amounts of zinc
(greater than 225 ppm) over an area approximately 1.0 by 1.5
kilometres in dimension. A strong barium anomaly of 1,060 ppm
occurs 1.5 kilometre downstream from the high gold sample. This
area is to the west of the anomalous gold values reported in the
NDR press release dated May 6, 2010.
A third anomaly ("Anomaly #3") consisting of a 445 ppb gold
value is associated with a zone of conglomerate that may be the
product of paleoplacer horizon.
Please click on the following link to view a map showing the
sample locations:
http://www.newdimensionresources.com/i/maps/cenepa/2010-10-18_Rock_&_Stream_Sample_Au.jpg
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STREAM SEDIMENT SAMPLES
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Sample Drainage Gold Sample Drainage Gold
Number Anomaly No. (ppb) Number Anomaly No. (ppb)
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7906 #2 3 62 7932 2 27
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7907 #2 3 540 7933 #3 2 44
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7908 3 19 7934 3 5
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7909 3 10 7935 4 3
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7912 3 1 7936 3 1
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7916 1 3 7937 3 4
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7917 #1 1 118 7938 3 1
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7918 #1 1 518 7939 3 2
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7919 1 5 7940 3 1
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7923 4 6 7942 #3 2 445
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7924 4 2 7945 #3 2 49
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7927 4 1 7946 3 1
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7928 4 1 7948 3 1
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7929 4 1 7950 3 1
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7930 4 1 7952 3 1
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7931 2 13 7955 1 1
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Rock Chip Sampling and Geological Mapping
"Geological mapping and sampling during this program identified
andesite volcanic rocks and an overlying conglomerate formation
that appear to be similar to the host rocks of the Fruta del Norte
deposit located along a north, north-west structural trend 10
kilometres north of the property in Ecuador," said Steven Park, a
Consulting Geologist for the Company.
"As well altered dacite intrusive rocks found on the property
appear similar to the Chinapintza Intrusive Complex that host
epithermal gold/silver and porphyry copper/gold mineralization in
northern Peru. The presence of these intrusive rocks in contact
with carbonates of the Pucara Group is highly prospective for the
creation of gold skarn mineralization along the linear extent of
the contact through the property. The Pucara Group is host to many
significant mineral deposits in northern Peru and southern
Ecuador."
Nineteen rock samples collected during the program returned
background values in gold and pathfinder elements.
About the Cenepa Gold Project
The Property totals over 9,000 hectares in northern Peru along
its border with Ecuador and covers the southern projection of a 20
kilometre long north-south trending mineral belt that includes
Kinross' Condor Project and the Fruta del Norte gold discovery
(click to view map:
http://www.newdimensionresources.com/i/maps/Cenepa/2010-01-05_Geology.jpg).
The Condor Project, situated in Ecuador, near the Peruvian
border, was acquired by Kinross in September 2008 and hosts a NI
43-101 compliant Inferred Mineral Resource at the Fruta del Norte
deposit 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, respectively. Kinross currently has four
drill rigs active on the project and have stated they intend to
complete a pre-feasibility study in 2010.
Also within Kinross' Condor Project is the Aquas Mesas Sur
prospect, which includes an announced drill intercept of 51.1 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 Property.
Although there has been very limited exploration in Peru where
the Condor Project mineral trend crosses the border, the Company
believes the Property is geologically highly prospective for the
discovery of significant gold deposits.
Quality Control
The stream sediment samples were transported from the field and
prepped for analysis in ALS Chemex Lab in Lima, Peru by sieving
each sample to a -80 mesh (180 micron). Both fractions were
retained; the fine fraction was analyzed using FA with AA finish
for Au analysis and aqua regia digestion and ICP-AES analysis for a
suite of 35 elements. Rock chip samples were analyzed using FA with
AA finish for Au analysis and aqua regia digestion and ICP-AES
analysis for a suite of 35 elements.
The program was conducted under the supervision and direction of
consulting geologist Steven Park M. Sc., CPG who has submitted a
detailed report to the Company. New Dimension is currently
reviewing the data from the program and is developing plans for the
next stage of exploration.
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 Fred Hewett 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
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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