|Drilling Starts On New Dimension Golden Shear Project In Nevada
New Dimension Resources Ltd. (TSXV:NDR) is pleased to announce that a Phase I drill program has commenced on the Company’s Golden Shear Project, located northwest of Winnemucca, Nevada. The project covers an attractive geological environment with multiple parallel zones of veins and breccias with potential for both high-grade underground and surface bulk mineable gold and silver mineralization.
The initial phase of drilling will total over 1,000 metres in 7 to 10 reverse circulation drill holes and will test four separate target zones, three of which are found within a 1,000 metre by 300 metre zone of altered siltstone with inter-bedded quartzite. New Dimension grab and panel rock sampling from structures within the siltstone have returned significant gold and silver values, including sixteen samples exceeding 1 g/t gold and 25 g/t silver, with gold values averaging 6.10 g/t and silver values averaging 90.0 g/t. This phase of drilling will test down-dip projections of mineralization exposed in outcrop and within numerous historic prospect pits and shafts that follow the mineralized trends.
The fourth target area lies approximately one kilometre to the southwest and consists of a large northwest trending quartz vein. The vein, which dips steeply, is two to three metres wide and can be traced via shafts and trenches for approximately 200 meters before disappearing under cover in both directions. The Company’s surface rock sampling from grab samples has returned values up to 2 g/t gold and 100 g/t silver from old mine dumps. The Company will complete initial drill holes across the structure to test for bonanza-grade precious metal mineralization at depth.
The Golden Shear exploration program is under the supervision of Thomas Burkhart, the Company’s Vice President Exploration, a Qualified Person under NI 43-101. The Company maintains a quality control program consistent with industry standards.
Elsewhere additional quality opportunities in the Americas are under review as part of New Dimension’s strategy to acquire attractive mineral projects in stable and prospective geological environments. Drilling is anticipated on three additional Company projects during the year.
On Behalf of the Board,
NEW DIMENSION RESOURCES LTD.
Fred G. Hewett, P.Eng
President & CEO
For further information please contact the Company at (604)687-7545 or (888)338-2200
** INTERNET ADDRESS: www.northair.com/ndt/ ** Email: [email protected]
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release. This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves 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, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See the Company’s Form 6-K and 20-F reports for a more detailed discussion of factors that may impact expected results.