VANCOUVER, June 12, 2017 /CNW/ -
New Dimension Resources Ltd. (TSXV: NDR) (the "Company" or
"New Dimension") announces that it has received
assay results from the recent drill program conducted by Yamana
Gold Inc., their joint venture partner (operator) on the Domain
gold project. The Domain gold project is located in
northeastern Manitoba,
approximately 210 kilometres southeast of Thompson and hosts multiple shear hosted lode
gold occurrences in spatial proximity to banded iron
terrains, and is considered very geologically attractive for
discovery.
The 2017 winter diamond drill program consisted of four
diamond drill holes totaling 1,386 metres ("m") of NQ sized core.
The program had two main objectives:
- Main Zone test: test the down dip and
along strike potential of the high-grade gold "main
zone" of mineralization as defined by historical drilling;
and
- Step-out test: test regional
Horizontal-Loop Electromagnetic (HLEM) conductors for
gold bearing potential within the claims.
Drilling Highlights:
Main Zone test:
The first two holes of the
program, YG-17-41 and YG-17-42 focused on the down-dip and
northwest strike extension of historical high-grade mineralization
respectively.
YG-17-41 successfully intersected both HLEM conductors.
The hole also identified a fault structure, which corresponds to
the second HLEM conductor and can be correlated to previous
surrounding drill intercepts. Strong mineralization was intersected
~200 m down-dip of historical drill hole RR-08-28 and returned gold
assays including:
- 4.52 g/t gold ("Au") over 7 m, including
-
- 20.90 g/t Au over 1.0 m,
- 14.33 g/t Au over 1.8 m, and
- 7.09 g/t Au over 4.1 m.
The higher-grade mineralization in YG-17-41 is hosted in
the same magnetite-rich mudstone or Iron Formations, as identified
in historical drill holes, demonstrating a down dip extension of
the Main Zone. Results in section that include historical drilling,
report 7.29 g/t Au over 9.0 m and 4.30 g/t Au over 4.5
m.
YG-17-42 intersected mineralization ~100 m northwest of
historical drill hole RR-08-32. Highlights of assays
include:
- 2.79 g/t Au over 1.89 m, including
-
YG-17-42 is the furthest hole northwest demonstrating a
potential strike extension of the Main Zone.
Step-out test:
Similar to the main
mineralized zone, anomalous gold values in YG-17-43 and YG-17-44
are associated with magnetite-rich mudstones with late structural
features such as faults and shear zones, elevated sulphide
mineralization and silica flooding in areas with large, pervasive
biotite alteration halos.
These two "step out" holes tested HLEM anomalies over 400
metres to the west of the Main Zone further indicating
that drill testing these targets produces a high success
rate. Throughout the property multiple targets of similar or
greater magnitude have been identified that remain
untested.
A complete table of results from the 2017 winter
program:
Hole
|
Section
|
From (m)
|
To (m)
|
Drill
Interval
(m)
|
Au (g/t)
uncut
|
YG-17-41
|
2075SE
|
17.5
|
18.5
|
1
|
0.507
|
YG-17-41
|
2075SE
|
20.5
|
21.5
|
1
|
0.408
|
YG-17-41
|
2075SE
|
26.5
|
27.5
|
1
|
0.41
|
YG-17-41
|
2075SE
|
112
|
113
|
1
|
1.57
|
YG-17-41
|
2075SE
|
149
|
150
|
1
|
0.4
|
YG-17-41
|
2075SE
|
339
|
340
|
1
|
1.26
|
YG-17-41
|
2075SE
|
346
|
353
|
7
|
4.52
|
including
|
346
|
347
|
1
|
2.4
|
including
|
348.9
|
353
|
4.1
|
7.09
|
including
|
348.9
|
350.7
|
1.8
|
14.33
|
including
|
349.7
|
350.7
|
1
|
20.9
|
YG-17-41
|
2075SE
|
375
|
376
|
1
|
1.85
|
YG-17-42
|
1850SE
|
131.68
|
133.57
|
1.89
|
2.785
|
including
|
132.3
|
133.57
|
1.27
|
3.778
|
YG-17-42
|
1850SE
|
150
|
151
|
1
|
0.776
|
YG-17-42
|
1850SE
|
211.42
|
212.22
|
0.8
|
0.432
|
YG-17-43
|
1400SE
|
81.06
|
83.06
|
2
|
2.58
|
including
|
81.06
|
82.06
|
1
|
3.6
|
YG-17-43
|
1400SE
|
182
|
183
|
1
|
0.741
|
YG-17-43
|
1400SE
|
215
|
215.73
|
0.73
|
1.71
|
YG-17-44
|
1400SE
|
132
|
133
|
1
|
0.686
|
New Dimension has elected not to participate in funding
its portion of the program on the claims and as a result the
Company now has a 29.56% interest in the Domain Joint Venture
(approximately 5.3% dilution). Should the Company's interest
in the joint venture fall below a 10% threshold, its interest will
be converted to a 1% net smelter return.
Quality Assurance and Quality Control
(QA/QC)
A Quality Assurance and Quality Control
(QA/QC) program was conducted following the operator's QA/QC
protocols. Quality assurance standards, duplicates, and sterile
blanks are routinely inserted into the sample stream as a control
for assay accuracy, bias, precision and contamination. The results
of these checks are tracked and failures are re-analyzed. This
information also includes pulp checks carried out in the secondary
lab.
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.