VANCOUVER, Jan. 23, 2017 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company" or "New Dimension") announces
that a contract has been awarded for a Phase I drilling program at
its Savant Lake Gold Project located approximately 240 kilometres
northwest of Thunder Bay,
Ontario,
The Phase I program will test approximately 10 priority targets
of the 18 developed from ground exploration and airborne
geophysical programs conducted by the Company in 2016. Equity
Exploration Consultants of Vancouver will manage this work with
assistance from Clark Exploration of Thunder Bay. The program is scheduled to
commence early February 2017 and is
expected to require approximately 30 days to complete.
Results will be released as they are received and compiled.
The Savant Lake property covers
a classic iron formation setting with associated gold occurrences
within a prospective greenstone belt in northwestern Ontario. The property hosts multiple
gold occurrences that have returned values as high as 138.9 g/t
gold from exposed outcrops. New Dimension was initially
attracted to the Savant Lake
property for its known iron formation-associated gold showings.
The Company believes the setting is analogous to Goldcorp's
Musselwhite Mine (located some 200 km. to the north) as well as
Agnico Eagle's Meadowbank Mine and newly discovered Amaruq deposit
in Nunavut.
As well as identifying numerous iron formation targets, last
year's fieldwork also identified shear-zone hosted gold occurrences
for testing. Additional follow-up will be contingent on the
Company's preliminary drill results.
About New Dimension Resources Ltd.:
New Dimension is engaged in the acquisition, exploration and
development of quality mineral resource properties throughout the
Americas with a focus on potential gold and silver deposits.
The Company is currently focused on mineral projects in
Canada with a priority directed
toward the Savant Lake gold
property.
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"
___________________________
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.
SOURCE New Dimension Resources Ltd.