VANCOUVER, May 16, 2017 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company" or "New
Dimension")announces results of its Phase I drill program on
its Savant Lake Gold project located approximately 240 kilometres
northwest of Thunder Bay,
Ontario.
The initial drill campaign was designed to test eight of
eighteen targets prioritized on the basis of the 2016 airborne
geophysical and ground exploration programs. Eight diamond drill
holes totaling 1,626 metres were completed as a preliminary test of
two types of geophysical conductors interpreted to represent either
iron-formation or sulfide bodies. Six of the eight holes completed
intersected permissive lithologies, favourable alteration types,
and zones of significant sulphide mineralization.
Table 1: 2017 Winter Drill Program Results,
Savant Lake Property
Drill Hole
|
From
(m)
|
To (m)
|
Width
(m)
|
Au ppb
|
As ppm
|
Cu ppm
|
Sb ppm
|
Zn ppm
|
NDR17-01
|
101.80
|
113.00
|
11.20
|
58
|
205
|
74
|
16
|
260
|
NDR17-02
|
292.79
|
293.54
|
0.75
|
51
|
1
|
214
|
2
|
94
|
NDR17-03
|
90.00
|
103.50
|
13.50
|
36
|
100
|
597
|
19
|
1711
|
or
|
87.00
|
104.8
|
17.80
|
31
|
94
|
526
|
17
|
1453
|
and
|
111.00
|
116.90
|
5.90
|
62
|
318
|
8
|
41
|
46
|
NDR17-04
|
13.00
|
14.00
|
1.00
|
20
|
4550
|
52
|
4
|
75
|
|
42.25
|
43.50
|
1.25
|
539
|
21
|
1
|
1
|
7
|
|
72.50
|
74.00
|
1.50
|
371
|
33
|
36
|
4
|
68
|
NDR17-05
|
|
|
|
n.s.r.*
|
|
|
|
|
NDR17-06
|
140.0
|
141.50
|
1.50
|
<5
|
1465
|
60
|
1
|
105
|
NDR17-07
|
120.0
|
120.9
|
0.90
|
99
|
6
|
33
|
1
|
19
|
|
129.9
|
131.0
|
1.10
|
89
|
25
|
43
|
1
|
62
|
NDR17-08
|
|
|
|
n.s.r.*
|
|
|
|
|
* n.s.r – no
significant results
|
The program established that there is a poor correlation between
gold and overall sulfide content within iron formation,
highlighting the importance of testing known large magnetic
'highs'. There are at least five identified and thus far untested
gold occurrences located within iron formation with strong magnetic
signatures but no electromagnetic response. These gold-in-rock
geochemical anomalies occur at fold noses where iron-formation
thicknesses normally increase with resultant improved ground
conditions for the potential introduction of mineralizing
solutions. The drill testing of these, along with additional
detailed geological mapping and surface geochemistry will be key
considerations as the Company continues its assessment of the
Project and undertakes next steps. The Company believes that
many of the Project's best targets remain untested (see map:
Savant Lake project 2017 Drill
Hole Locations and Targets).
Quality Assurance & Quality Control:
The 2017 winter drill program was managed by Equity Exploration
Consultants. Drill core was logged and sampled under the
supervision of Qualified Persons as defined by the National
Instrument 43-101 ("NI 43-101"). Geological logging and sampling
was conducted on-site. Half core samples were sent to ALS Minerals
in Thunder Bay, Ontario for
assays. The remainder half core has been retained in sequence on
site for future reference. Samples split for assays were
individually tagged and sealed in marked bags, and sealed in large
sacks with a unique identifier tag. All samples are analysed for
gold by fire assay with an atomic absorption finish on a 30 g
aliquot and for multiple trace elements by ICP-AES (inductively
couple plasma-atomic emission spectroscopy). Control samples
(accredited standards, blanks and duplicate samples at the field
and preparation stages) were inserted on a regular basis. Results
were monitored upon receipt of assays.
About Savant
Lake
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. Savant Lake
is accessible all seasons, boasts excellent access and
infrastructure, and proximity to the CNR main line. 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.
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 NI
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.