TSX-V: NDR
VANCOUVER, July 26, 2018 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company" or "New Dimension") is pleased to
announce that the Phase I diamond drill program targeting
high-grade silver(-gold) mineralization at the Los Cisnes Project
(Figure 1) has now been completed. This represents the first drill
program to be undertaken by New Dimension since the acquisition of
the Santa Cruz Portfolio of 3 advanced-stage gold-silver projects
from Sandstorm Gold Ltd (TSX: SSL, NYSE: SAND) in May, 2018.
Highlights
•
|
A total of 16 diamond
drill holes for 1,564m were completed at the Los Cisnes Project,
which is located 75km southwest of Yamana Gold Inc's high-grade
Cerro Moro gold-silver mine.
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•
|
Assays support both
down-dip and along-strike extensions to the high-grade silver
mineralization reported by a previous operator (Mariana Resources
Ltd, or "Mariana")
|
•
|
Two step-back holes
(LCsD-14 and LCsD-18) were drilled to Mariana's scout
drill hole LCsD-09, with its reported intercept of 2.9m @
755 g/t Ag from 32.1m downhole (including 0.9m @ 1,400 g/t
Ag1) (Figures 2 & 3). Both New Dimension
drill holes successfully intersected down-dip extensions to the
high-grade silver mineralization in LCsD-09:
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|
|
LCsD-14:
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4.4m @ 566 g/t
Ag from 100.3m downhole
|
|
|
(60m
step-back)
|
Including
1m @ 740 g/t Ag from 102.0 m downhole and 0.8m @ 1,653
g/t
|
|
|
|
Ag from 103m
downhole
|
|
|
LCsD-18:
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4.4m @ 123 g/t
Ag from 47.6m downhole
|
|
|
(15m
step-back)
|
Including 0.8m @ 276 g/t
Ag from 49.2m downhole
|
•
|
Two step-out holes to
LCsD-09 (LCsD-20 and LCsD-15), designed to
test for lateral extensions to the previously reported interval of
2.9m @ 755 g/t Ag1, also returned high-grade
silver intercepts:
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|
|
LCsD-20:
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2.0m
@ 381 g/t Ag from 39.0m downhole
|
|
|
(39m
West)
|
Including
0.8m @ 528 g/t Ag from 39.0 m downhole
|
|
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LCsD-15: (33m
E)
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1.8m @ 182 g/t
Ag from 59.7m downhole
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Eric Roth, New Dimension's CEO,
commented today: "I am delighted to be reporting the first assays
from our Phase I Santa Cruz Diamond Drill Program. These initial
results have confirmed extensions to the known high-grade silver
mineralization at our Los Cisnes Project, especially in the
vicinity of the scout drill hole LCsD-09 completed by Mariana in
2015. Results from our step-back hole LCsD-14 - a
60m down-dip extension of the LCsD-09
mineralization - are particularly significant, as it includes a
very high-grade interval assaying 0.8m @ 1,653 g/t Ag. No drilling has been
completed beneath this level, so potential still exists for
extending this high-grade silver mineralization to >60m vertically below surface."
Link to figures:
https://newdimensionresources.com/site/assets/news/2018_07_Los_Cisnes_Figures.pdf
A brief video demonstrating the 3D geometry of the Brio
vein/breccia system and the 2018 drill results is also available at
https://vimeo.com/adnet/review/281316337/c2f782cb22
Los Cisnes Project Overview and 2018 Drill Results
High-grade silver(-gold) values were identified at Los Cisnes
from previous channel sampling and scout diamond drilling on the
Brio vein/breccia system. Brio is a quartz-sulfide(-Fe-oxide)
vein/breccia system which strikes ENE, can be traced on surface for
approximately 2.3km, and is up to 3m
wide. In 2015, 8 scout diamond drill holes for 723m were completed along the Brio structure,
with the best intercept being 2.9m
@ 755 g/t Ag from 32.1m downhole
in LCsD-091.
Summaries of the assay results received and technical data for
the 2018 Los Cisnes drill holes are given in Tables 1 and 2,
respectively. Mineralized intercepts at Brio are defined by
quartz-Fe-oxide(-pyrite-acanthite or Ag2S)-style
mineralization in a subvertical vein/vein breccia system (Figure
4). A potential N-S cross structure to the main Brio structure (and
identified from ground magnetic data) in the LCsD-9 area will also
now be reviewed in further detail as this may also represent a
significant new target for further exploration at Los Cisnes. Host
rocks to the Los Cisnes mineralization are dominated by an upper
sequence of welded ignimbrites and a lower sequence of dominantly
lithic ignimbrites.
Table 1. Summary of assay results for Los Cisnes 2018
drilling
Drill
Hole
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True
Width
(m)*
|
Ag
g/t
|
Au
g/t
|
Comments
|
LCsD-14
|
100.3
|
104.7
|
4.4
|
4.1
|
566
|
0.31
|
Step-back
to LCsD-09
|
Including
|
102.0
|
103.0
|
1.0
|
0.9
|
740
|
0.98
|
Including
|
103.0
|
103.8
|
0.8
|
0.7
|
1,653
|
0.20
|
LCsD-15
|
59.7
|
61.5
|
1.8
|
1.6
|
182
|
0.24
|
Step-out E
to LCsD-09
|
and
|
73.0
|
75.0
|
2.0
|
1.8
|
75
|
0.02
|
LCsD-16
|
NSR
|
|
|
|
|
|
Step-out E
|
LCsD-17
|
67.5
|
71.4
|
3.9
|
3.5
|
12
|
0.01
|
Brio
|
LCsD-18
|
47.6
|
52.0
|
4.4
|
4.2
|
123
|
0.04
|
Step back
to LCsD-09
|
Including
|
49.2
|
50.0
|
0.8
|
0.7
|
276
|
0.08
|
LCsD-19
|
55.5
|
56.5
|
1.0
|
0.9
|
56
|
0.09
|
Brio
|
LCsD-20
|
39.0
|
41.0
|
2.0
|
1.8
|
381
|
0.12
|
Step-out
W to LCsD-
09
|
Including
|
39.0
|
39.8
|
0.8
|
0.7
|
528
|
0.23
|
LCsD-21
|
20.7
|
21.0
|
0.3
|
0.27
|
58
|
0.91
|
Brio
|
and
|
84.0
|
88.0
|
4.0
|
3.6
|
28
|
0.03
|
LCsD-22
|
NSR
|
|
|
|
|
|
Brio
|
LCsD-23
|
62.0
|
66.0
|
4.0
|
3.6
|
23
|
0.02
|
Brio
|
LCsD-24
|
22.0
|
26.0
|
4.0
|
3.6
|
33
|
0.05
|
Brio
|
LCsD-25
|
NSR
|
|
|
|
|
|
Brio
|
LCsD-26
|
111.0
|
114.5
|
3.5
|
3.1
|
51
|
0.03
|
Brio
|
LCsD-27
|
NSR
|
|
|
|
|
|
Brio
|
LCsD-28
|
NSR
|
|
|
|
|
|
Brio
|
LCsD-29
|
34.0
|
37.0
|
3.0
|
2.7
|
10
|
0.04
|
Brio
|
NSR = Ag values <
15 g/t, Au values < 0.02 g/t, *Estimated true width
|
Quality Control and Assurance
Mineralized intervals presented in Table 1 are drill
intersection widths and may not represent true widths of
mineralization. Drill core obtained from the diamond drill program
is HQ-sized. All drill core was photographed and quick logged prior
to sampling. Standard sampling protocol involved the halving of all
drill core and sampling over intervals determined by geology (and
generally not exceeding 1m in clearly
mineralized sections), with one half of the core being placed in a
sealed sample bag and dispatched to the analytical laboratory for
analysis. Samples were dispatched to Alex
Stewart's sample preparation facility in Puerto San Julian, with pulps subsequently being
sent to the Alex Stewart's analytical lab in Mendoza. All samples
have been analysed for gold using a 50g Fire Assay with AAS finish
(Analysis AU4-50), in addition to a 39 element ICP-AES analysis of
an aqua regia digest (Analysis ICP-AR-39). Standards and blanks
were inserted in to the analytical sequence on the basis of one
standard plus one blank for every 25 samples.
Los Cisnes 2018 Drill Holes – Technical Data
Technical data relating to the 2018 drilling at the Los Cisnes
Project are given in Table 2.
Table 2. Summary of technical data for the Los Cisnes
2018 Drill Program
Hole
ID
|
Easting
|
Northing
|
Elevation
(m)
|
Azimuth
|
Dip
(degrees)
|
Depth
(m)
|
Assays
|
LCsD-14
|
642,540
|
4,622,149
|
16
|
190
|
-70
|
108.0
|
Received
|
LCsD-15
|
642,574
|
4,622,149
|
16
|
190
|
-65
|
100.5
|
Received
|
LCsD-16
|
642,583
|
4,622,198
|
16
|
190
|
-65
|
206.0
|
Received
|
LCsD-17
|
642,618
|
4,622,154
|
16
|
190
|
-65
|
78.0
|
Received
|
LCsD-18
|
642,540
|
4,622,145
|
16
|
190
|
-50
|
71.0
|
Received
|
LCsD-19
|
642,665
|
4,622,156
|
19
|
190
|
-50
|
68.0
|
Received
|
LCsD-20
|
642,499
|
4,622,123
|
16
|
190
|
-50
|
75.0
|
Received
|
LCsD-21
|
642,466
|
4,622,147
|
16
|
190
|
-45
|
100.0
|
Received
|
LCsD-22
|
642,416
|
4,622,186
|
14
|
190
|
-50
|
98.0
|
Received
|
LCsD-23
|
642,725
|
4,622,183
|
23
|
190
|
-45
|
131.0
|
Received
|
LCsD-24
|
642,935
|
4,622,255
|
26
|
190
|
-50
|
95.0
|
Received
|
LCsD-25
|
642,770
|
4,622,180
|
22
|
180
|
-50
|
80.0
|
Received
|
LCsD-26
|
643,410
|
4,622,420
|
20
|
180
|
-45
|
125.0
|
Received
|
LCsD-27
|
643,540
|
4,622,355
|
15
|
180
|
-45
|
47.0
|
Received
|
LCsD-28
|
643,254
|
4,622,351
|
24
|
180
|
-50
|
86.0
|
Received
|
LCsD-29
|
642,885
|
4,622,271
|
24
|
180
|
-50
|
95.0
|
Received
|
Las Calandrias Drill Update
Drilling has also been completed at the Las Calandrias Project,
where a total of 25 drill holes for 3,708m were completed. The 2018 drill program at
Las Calandrias focused on extending known high-grade gold
mineralization in the Calandria Norte resource area, in addition to
extending high-grade gold mineralization in the sub-parallel Morena
vein/breccia system. Core logging and sampling of the 25 Las
Calandrias drill holes are well advanced, with first assays
expected to become available during August, 2018.
Ontario-based consulting group
AGP Mining Consultants Inc. has also been engaged to prepare an
updated Mineral Resource Estimate (MRE) for the Las Calandrias
Project. This MRE will incorporate assay data from both
historical and current drilling at Las Calandrias, and is currently
scheduled for release in mid-September, 2018.
Health, Safety, and Environmental (HSE)
No HSE incidents have been reported during the current drill
program.
Sierra Blanca and Regional Prospects
Drill target generation activities at the Sierra Blanca Project
will continue in parallel with the current drill program at Las
Calandrias and Los Cisnes. However, the drill testing of high grade
targets at Sierra Blanca is not expected to occur before Q4, 2018,
at the earliest. Reconnaissance activities on the Company's
Regional Prospects are also anticipated to restart after the
termination of the Patagonian winter.
1
A potential investor should not place
undue reliance on these historical results when making an
investment decision, nor should they be used as the sole criterion
for making investment decisions. There is no assurance that the
Company can reproduce such results, or that the historical results
described therein will be realized.
|
|
2
The formula for AuEq70 = Au assay in g/t
+ (silver assay in g/t divided by 70), and assuming 100%
metallurgical recovery.
|
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President
& CEO
About New Dimension Resources
New Dimension is engaged
in the acquisition, exploration and development of quality mineral
resource properties throughout the Americas, with a focus on
precious metals. The Company's current focus is on the
discovery through drilling of new high-grade gold-silver resources
at its 100%-owned Las Calandrias, Los Cisnes and Sierra Blanca
projects, all located in the highly prospective Deseado Massif of
Santa Cruz Province, southern
Argentina. The Company also holds
an option on the Savant Lake gold
project in Ontario, together with
an active JV interest (with Yamana Gold) in the Domain gold project
in Manitoba.
Qualified Persons and Disclosure Statement
The
technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in NI
43-101, and approved by Eric Roth,
the Company's President & CEO, a director and a Qualified
Person under NI 43-101.
Cautionary Notes and Forward-looking
Statements
This news release contains forward-looking
information within the meaning of applicable securities
legislation. Forward-looking information is typically
identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. Such
statements include, without limitation, statements regarding the
future results of operations, performance and achievements of New
Dimension, including the timing, completion of and results from the
drill programs described in this release. Although the
Company believes that such statements are reasonable, it can give
no assurances that such expectations will prove to be
correct. All such forward-looking information is based
on certain assumptions and analyses made by New Dimension in light
of their experience and perception of historical trends, current
conditions and expected future developments, as well as other
factors management believes are appropriate in the circumstances.
This information, however, is subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking information. Important factors that could cause
actual results to differ from this forward-looking information
include those described under the heading "Risks and Uncertainties"
in New Dimension s most recently filed MD&A. New Dimension does
not intend, and expressly disclaims any obligation to, update or
revise the forward-looking information contained in this news
release, except as required by law. Readers are cautioned not to
place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
This news release does not constitute an offer to purchase
securities. The securities to be offered in the Private Placement
have not been and will not be registered under the United States
Securities Act of 1933, as amended, or any state securities laws
and may not be offered or sold in the
United States or to, or for the benefit or account of, a
U.S. person, except pursuant to an available exemption from such
registration requirements.
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SOURCE New Dimension Resources Ltd.