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New Dimension Resources Prepares for Exploration Programs at Lansing Project, Yukon
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/07/12 -- New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") is pleased to announce that field preparations are underway for its 2012 exploration program at the Company's Lansing Project, comprising 12 central Yukon properties under option from Strategic Metals Ltd. ("Strategic").
New Dimension's Lansing exploration program will focus on its highly prospective Lance and Liam properties. The program, led by Archer, Cathro & Associates (1981) Ltd. ("Archer, Cathro"), will be comprised of systematic soil geochemical sampling, prospecting, geological mapping, hand trenching and drill pad construction and is designed to prepare the properties for diamond drilling. This work is scheduled to begin in late June and will be completed from camps on both of the properties.
Lance & Liam 2011 Exploration Summary
Lance Property (Lansing Project)
During 2011, exploration conducted at the Lance Property identified strongly elevated gold, arsenic, bismuth and tungsten soil and rock values resulting in the definition of five target areas distributed within a two square kilometre area. The most notable of these five targets contains a cluster of three strongly anomalous soil samples, including the two highest gold values on the property of 8.32 and 2.50 g/t. These samples appear to be related to multiple recessive linears representing topographically defined sub-parallel structural zones, which are suspected hosts to mineralization.
New Dimension's technical team believes the geological setting at Lance closely resembles the setting found at Goldstrike Resources Ltd.'s ("Goldstrike") Plateau North and Plateau South properties, located 18 and 23 kilometres, respectively, southwest of the Lance Property. At the Plateau Properties, high grade gold in-soil and rock samples were discovered within recessive linears and Goldstrike has recently mobilized its crew to the properties to begin an extensive follow-up program that will include soil sampling, prospecting, geological mapping, hand trenching and diamond drilling.
Please click on the following link to view a map of the Lance Property highlighting the sampled area in 2011:
Liam Property (Lansing Project)
In 2011, soil geochemical sampling at the Liam Property defined an area approximately 2,000 by 800 metres in size of moderate to strongly elevated gold (20 to 81 ppb), arsenic (100 to 5990 ppm), tin (2 to 49.4 ppm), antimony (10 to 523 ppm), bismuth (10 to 39.5 ppm), copper (100 to 353 ppm), silver (2 to 7.31 ppm) and lead (200 to 1680 ppm) values. Two showings referred to as Gallagher and Neeson were discovered within this soil anomaly.
The Gallagher Showing comprises arsenopyrite and limonite veins within hornfelsed siliciclastic rocks. A grab sample from the vein returned 1.1 g/t gold, 58.0 g/t silver, greater than 500 ppm tin, 50.7 ppm bismuth, 1.80% lead, 0.22% zinc and greater than 10,000 ppm antimony.
The Neeson Showing consists of an arsenopyrite and limonite rich vein and weakly mineralized skarn horizons. The highest grade vein grab sample returned 2.12 g/t gold, 174 g/t silver, 0.59% tin, 0.51% copper, 5.84% lead, 2.59% zinc and 4.05% antimony. One skarn grab sample from the area also reported 0.049 g/t gold, 0.59% copper and 16.00 g/t silver. The vein has been traced along a 55 metre strike length and remains open under cover.
This whole 2,000 by 800 metre anomalous target zone is scheduled for follow-up prospecting, hand trenching and geological mapping.
Of note, the enrichment of tin at the Liam Property closely resembles the mineralization found at Silver Range Resources' Keg Property, located approximately 75 kilometres to the southwest, which is being explored as a bulk-tonnage silver, lead, zinc, copper and tin deposit.
Please click on the following link to view a map of the Liam Property highlighting the sampled area:
About New Dimension Resources Ltd.
New Dimension has an option to earn up at a 100% interest in the Lansing and Mars Projects located in Yukon from Strategic. The properties were staked or purchased by Strategic following an extensive review of a geological database compiled by Archer, Cathro, an independent consulting group with extensive exploration experience in Yukon.
Also in Canada, New Dimension holds a 35% interest in the Domain gold project located in northern Manitoba. Since 2006, three drill programs have been completed on the property returning encouraging results highlighted by 18.05 metres of 4.61 g/t gold.
In northern Peru, the Company's Cenepa's gold project covers one of the most attractive geological terrains within the highly prospective Cordillera del Condor mineral belt; adjacent to Kinross Gold Corp.'s Condor Project and Fruta del Norte gold deposit in Ecuador.
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