TSX-V: NDR
VANCOUVER, Sept. 13, 2018 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company" or "New Dimension") is pleased to
report results from the Phase I diamond drill program targeting
high-grade gold and silver mineralization at its 100%-owned Las
Calandrias Project (Figure 1).
This represents the first drill program to be undertaken at Las
Calandrias since New Dimension's acquisition of the Santa Cruz
Portfolio from Sandstorm Gold Ltd (TSX: SSL, NYSE: SAND) in
May 2018.
An updated Mineral Resource Estimate for the Las Calandrias
Project is currently underway and remains on-track for completion
during the second half of September
2018.
Highlights
•
|
A total of 25 diamond
drill holes for 3,695m were completed at the Las Calandrias
Project. Drilling was primarily focused on extending known
high-grade gold mineralization at the Calandria Norte and Morena
vein/breccia zones (Figures 2 & 3). All drill holes
successfully intersected their respective target
structures.
|
•
|
Calandria
Norte
|
|
Successfully
intersected high-grade gold mineralization outside of the northern
limit of the existing mineral resource. Assays received to date
include:
|
|
|
CND04:
|
4m @ 11.0 g/t Au +
49 g/t Ag from 58m downhole (approx. true width 3.0m)
Including 0.5m @ 55.6 g/t Au + 230 g/t Ag from 60.2 m
downhole
|
|
CND04 represents a
35m step-out from existing drill hole CND-134 (3.6 m @ 7.7 g/t Au +
10 g/t Ag)
|
•
|
Morena vein/breccia
zone, located 250m NW of the Calandria Norte structure.
|
|
Assays returned from
step-out drill hole CAL18-12 included:
|
|
|
CAL18-12:
|
4.2m @ 6.9
g/t Au + 13 g/t Ag from 18.8m downhole (approx. true width
3.2m)
Including
1.6m @ 12.0 g/t Au + 22 g/t Ag from 19.7 m
downhole
|
|
Results from CAL18-12
extend known gold mineralization 50m to the SW of existing drill
hole CND250 (2.5m @ 5.8 g/t Au + 48.5 g/t Ag).
|
•
|
Drilling completed to
date indicates a significant new gold-silver zone developing in the
Morena vein/breccia system. Initial drilling has focused on the
southern end of the Morena structure, with at least 300m of
northern strike extent interpreted to remain for drill
testing.
|
Eric Roth, New Dimension's CEO,
commented today: "I am pleased to be able to report that our Phase
I drill program at the Las Calandrias Project has successfully
intersected extensions to known high-grade gold and silver
mineralization in both the Calandria Norte and Morena vein/breccia
zones. In particular, the adjacent Morena zone retains significant
potential for expansion to both the north and south."
Link to figures:
https://newdimensionresources.com/site/assets/news/2018-09-13-nrm-ndr-8whgvc.pdf
Las Calandrias Project Overview and 2018 Drill
Results
The primary focus of the 2018 drill program at Las Calandrias
was to extend known high-grade mineralization at both the Calandria
Norte and Morena vein/breccia zones. A total of 25 drill holes were
completed, and all successfully intersected their respective target
structures. Summaries of the assay results received and
technical data for the 2018 drill holes are given in Tables 1 and
2, respectively.
At Calandria Norte, drilling in the CND-04 area (4m @ 11 g/t Au + 49 g/t Ag from 58m downhole; Figure 4) successfully intersected
high-grade gold-mineralization outside the current mineral resource
envelope (Indicated Category of 49,000 gold equivalent
("AuEq1") oz @ 9.35 g/t AuEq using a 3 g/t AuEq cut-off;
further details in News Release dated February 20, 2018). These results will be
included in the mineral resource update for Las Calandrias, which
is due for release during the second-half of September
2018
Eight drill holes were completed in the Morena vein/breccia
system, with results indicating the potential for the development
of a significant new gold-silver zone. To date, drilling in Morena
has been focused on the southern end of the Morena structure, with
at least 300m of northern strike
extent interpreted to remain for drill testing. Step-out drill hole
CAL18-12 (4.2m @ 6.9 g/t Au + 13 g/t
Ag: Figure 5) successfully extended known mineralization
intersected by a previous operator in CND250 (2.5m @ 5.8 g/t Au + 48.5 g/t Ag). Drill
results from this program suggest a more northerly strike to the
Morena system than previously expected.
Mineralized intercepts at both Calandria Norte and Morena are
typically defined by mixed oxide and sulfide (pyrite-marcasite)
mineralization to depths around 40m
vertically below surface, with sulfides (pyrite-marcasite)
dominating below 40m (Figure 6).
Mineralization at both Calandria Norte and Morena is hosted in a
rhyolite dome which has been emplaced in a thick volcaniclastic
rock sequence.
Table 1. Summary of assay results for Las Calandrias 2018
drilling
Calandria Norte drill holes
Drill
Hole
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True
Width
(m)*
|
Au
g/t
|
Ag
g/t
|
Comments
|
CND04
|
58.0
|
62.0
|
4.0
|
3.0
|
11.0
|
49
|
Calandria
Norte
|
including
|
60.2
|
60.7
|
0.5
|
0.4
|
55.6
|
230
|
CND06
|
141.25
|
142.2
|
0.95
|
0.7
|
1.4
|
2
|
Calandria
Norte
|
CND248
|
NSR
|
|
|
|
|
|
Calandria
Norte
|
CAL18-01
|
300.0
|
301.0
|
1.0
|
0.8
|
3.2
|
10
|
Calandria
Norte
|
and
|
337.0
|
337.5
|
0.5
|
0.4
|
3.0
|
38
|
CAL18-03
|
114.9
|
115.7
|
0.9
|
0.6
|
3.5
|
9
|
Calandria
Norte
|
CAL18-04
|
162.5
|
164.0
|
1.5
|
1.1
|
3.9
|
64
|
Calandria
Norte
|
CAL18-06
|
56.0
|
63.0
|
7.0
|
5.3
|
0.4
|
2
|
Calandria
Norte
|
CAL18-07
|
24.0
|
27.0
|
3.0
|
2.3
|
0.5
|
1
|
Calandria
Norte
|
CAL18-08
|
NSR
|
|
|
|
|
|
Calandria
Norte
|
CAL18-09
|
187.5
|
188.5
|
1.0
|
0.8
|
3.5
|
5
|
Calandria
Norte
|
CAL18-10
|
132.0
|
132.7
|
0.7
|
0.5
|
1.8
|
3
|
Calandria
Norte
|
CAL18-11
|
59.0
|
68.6
|
9.6
|
7.2
|
0.6
|
3
|
Calandria
Norte
|
and
|
107.6
|
113.0
|
5.4
|
4.1
|
0.6
|
2
|
including
|
107.6
|
108.0
|
0.4
|
0.3
|
3.6
|
14
|
CAL18-17
|
86.5
|
87.0
|
0.5
|
0.4
|
3.0
|
0
|
Calandria
Norte
|
CAL18-18
|
43.8
|
44.3
|
0.5
|
0.4
|
2.3
|
30
|
Calandria
Norte
|
CAL18-19
|
46.1
|
47.0
|
0.9
|
0.7
|
0.6
|
4
|
Calandria
Norte
|
Morena drill holes
Drill
Hole
|
From
(m)
|
To
(m)
|
Intercept
(m)
|
True
Width
(m)*
|
Au
g/t
|
Ag
g/t
|
Comments
|
CAL18-02
|
133.0
|
134.0
|
1.0
|
0.8
|
3.8
|
1
|
Morena
|
CAL18-05
|
NSR
|
|
|
|
|
|
Morena
|
CAL18-12
|
18.8
|
23.0
|
4.2
|
3.2
|
6.9
|
13
|
Morena
step out
|
including
|
19.7
|
21.3
|
1.6
|
1.2
|
12.0
|
22
|
CAL18-13
|
100.0
|
101.0
|
1.0
|
0.8
|
2.2
|
6
|
Morena
|
CAL18-14
|
44.1
|
44.7
|
0.6
|
0.5
|
1.2
|
9
|
Morena
|
CAL18-15
|
NSR
|
|
|
|
|
|
Morena
|
CAL18-16
|
125.0
|
125.5
|
0.5
|
0.4
|
5.1
|
1
|
Morena
|
*True widths are calculated using both the dip of the drill hole
and estimated dip of the mineralized zone.
1 AuEq oz are calculated by New Dimension with
reference to a cut-off grade of 0.3 AuEq/t for oxide and transition
material, and 0.7 AuEq/t for primary, and by multiplying
mineralized tonnes by gold equivalent grade, dividing by 31.1, and
assuming 100% metallurgical recovery.
Las Calandrias Mineral Resource Update
Ontario-based consulting group
AGP Mining Consultants Inc. reports good progress on the 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 remains
scheduled for release during the second half of September 2018.
Drill Target Generation
Despreciada Vein
Drill target generation work on the 1.3km long Despreciada vein
zone, a multiphase epithermal vein system located approximately
500m NW of the Morena structure, also
continues in parallel. Surface sampling along the Despreciada vein
by a previous operator returned gold and silver values ranging from
below detection limit to 106 g/t gold and 510 g/t silver. The
Despreciada vein zone also lies with the surface rights
("estancia") owned by the Company, and therefore represents an
immediate priority for further work.
Sierra Blanca and Regional
Prospects
With the finalization of the Patagonian winter, drill target
generation activities at the Company's 100%-owned Sierra Blanca
Project resumed in earnest.
Table 2. Summary of technical data for the Las
Calandrias 2018 Drill Program
Hole
ID
|
Easting
|
Northing
|
Elevation
(m)
|
Azimuth
|
Dip
(degrees)
|
Depth
(m)
|
Project
|
CAL18-01
|
613,946
|
4,725,662
|
188.3
|
142.6
|
50.8
|
360
|
Calandria
Norte
|
CAL18-02
|
613,790
|
4,725,604
|
185.3
|
312.2
|
50.8
|
153
|
Morena
|
CAL18-03
|
614,039
|
4,725,619
|
187.2
|
141.3
|
53.9
|
261
|
Calandria
Norte
|
CAL18-04
|
613,965
|
4,725,587
|
189.6
|
142.7
|
55.4
|
279
|
Calandria
Norte
|
CAL18-05
|
613,715
|
4,725,688
|
187.2
|
139.5
|
48.1
|
144
|
Morena
|
CAL18-06
|
613,985
|
4,725,380
|
192.6
|
140.4
|
59.2
|
80
|
Calandria
Norte
|
CAL18-07
|
613,735
|
4,725,412
|
172.2
|
140.7
|
59.3
|
251
|
Calandria
Norte
|
CAL18-08
|
613,731
|
4,725,365
|
172.1
|
140.2
|
54.3
|
221
|
Calandria
Norte
|
CAL18-09
|
613,918
|
4,725,498
|
180.3
|
142.8
|
44
|
200
|
Calandria
Norte
|
CAL18-10
|
613,751
|
4,725,283
|
178.7
|
140
|
59.8
|
140
|
Calandria
Norte
|
CAL18-11
|
613,830
|
4,725,376
|
182.2
|
140.9
|
44.6
|
140
|
Morena
|
CAL18-12
|
613,695
|
4,725,465
|
176.9
|
306.5
|
51.2
|
98
|
Morena
|
CAL18-13
|
613,656
|
4,725,590
|
181.4
|
143.7
|
50.6
|
143
|
Morena
|
CAL18-14
|
613,688
|
4,725,430
|
175.4
|
316.8
|
44.9
|
122
|
Morena
|
CAL18-15
|
613,864
|
4,725,663
|
189.5
|
325.3
|
50.2
|
140
|
Morena
|
CAL18-16
|
613,852
|
4,725,806
|
192.7
|
144.9
|
52.6
|
215
|
Morena
|
CAL18-17
|
614,096
|
4,725,511
|
192.1
|
138.5
|
45
|
101
|
Calandria
Norte
|
CAL18-18
|
613,992
|
4,725,386
|
192.8
|
140.8
|
48.9
|
60
|
Calandria
Norte
|
CAL18-19
|
613,710
|
4,725,277
|
173.7
|
143.7
|
62.5
|
162
|
Calandria
Norte
|
CND04
|
614,057
|
4,725,488
|
189.1
|
124.7
|
50.4
|
62 m ext
|
Calandria
Norte
|
CND06
|
614,069
|
4,725,512
|
189
|
84.8
|
60.8
|
75 m ext
|
Calandria
Norte
|
CND248
|
614,125
|
4,725,589
|
190.7
|
125
|
61
|
80.5 m ext
|
Calandria
Norte
|
RED18-01
|
606,035
|
4,727,323
|
149.9
|
151.8
|
44.5
|
87
|
Refugio
|
RED18-02
|
604,968
|
4,726,519
|
150
|
132.4
|
51.2
|
50
|
Refugio
|
RED18-03
|
604,951
|
4,726,538
|
149.1
|
132.2
|
65.5
|
70
|
Refugio
|
Quality Control and Assurance
Mineralized intervals presented in Table 1 are given as both
drill intersection widths and estimated 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.
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.