VANCOUVER, March 7, 2017 /CNW/ - New Dimension
Resources Ltd. (TSXV: NDR) (the "Company" or "New Dimension")
announces that a Phase I drill program has commenced at its Savant
Lake Gold Project located approximately 240 kilometres northwest of
Thunder Bay, Ontario.
The Company's ongoing 2000 metre core program will test
approximately 8 to 10 priority targets of the 18 total targets
developed in 2016 from ground exploration and airborne geophysical
programs. Equity Exploration Consultants of Vancouver will manage this work with
assistance from Clark Exploration of Thunder Bay. 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. The Company believes the geologic
setting at Savant Lake 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's current priority is the Savant Lake gold property but is also
reviewing other opportunities in Canada.
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.