VANCOUVER, April 10, 2017 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company" or "New Dimension") announces the
completion of the Phase I drill program on its Savant Lake Gold
project located approximately 240 kilometres northwest of
Thunder Bay, Ontario.
The Savant Lake project is a
187.8 square kilometre property with district scale potential
identified by both geophysical surveys and multiple > 30g/t gold
showings.
The recently completed drill program consisted of 1,626 meters
of NQ core in 8 holes which tested 8 of 18 targets prioritized in
2016 from the Company's airborne geophysical and ground exploration
programs. Based on initial reviews the Company focused on two
target types summarized as follows:
Holes 1 to 3 targeted conductive anomalies with relatively low
magnetic signatures in a package of intermediate to mafic volcanic
rocks and tested the prospectivity of volcanogenic massive sulfide
mineralization. Holes 4 through 8 were collared in a sequence of
siliciclastic sedimentary rocks with variable amounts of oxide and
silicate iron formation and tested the prospectivity of iron
formation and shear zone hosted lode gold mineralization. These
holes were mainly targeted on anomalies generated from a 2016
airborne VTEM survey. Priority targets were usually outlined by
significant 'conductors' coinciding with strong magnetic signatures
and a confluence of regional structural features (see
map: Savant Lake
project 2017 Drill Hole Locations). It is
anticipated that the results from this program will be released
late April/early May.
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.
Equity Exploration Consultants managed the exploration program
with support from Clark Exploration Consulting of Thunder Bay.
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.