New Dimension Updates Drilling at Mars Copper-Gold Porphyry Project, Yukon
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/25/11 -- New Dimension Resources Ltd. (TSX VENTURE: NDR) (the 'Company' or 'New Dimension') is pleased to provide this update on its recently completed drill project at the Mars copper-gold project, located in south-central Yukon. Please click the following link to view a map of the Property:
http://www.newdimensionresources.com/i/maps/mars/2011-08-31%20Mars%20Property2.pdf.
Between September 5th and 20th, two diamond drill holes totaling 637.03 metres were completed on the Property. The holes were spaced 800 metres apart along the margin of a mineralized porphyry system and were designed to test a significant airborne geophysical target that coincides with a high gold-copper soil anomaly. Both holes intersected significant widths of altered intrusive rock types hosting varied amounts of magnetite, pyrite, chalcopyrite and molybdenite. The drill core is presently being logged and sampled and the results of the program will be released once all assays are received and interpreted.
The drill has been left on the Property for an anticipated early spring start up.
The Mars Property:
The 19.4 square kilometre Mars Property is located approximately 65 kilometres northeast of Whitehorse in south-central Yukon. The Property features a gold-copper porphyry target defined by a 1 x 3 kilometre northwest oriented zone of potassic alteration with associated chalcopyrite- and magnetite-bearing veins and stockworks. This large target area is supported by an airborne magnetic anomaly and copper, gold, and molybdenum in soils.
Mineralization on the Property is believed to be related to a silica-saturated alkalic intrusion similar to the Mount Milligan, Mount Polly and Copper Mountain deposits in British Columbia. These deposits typically have elevated gold and silver values and decreased molybdenum when compared to more classic porphyry copper deposits.
Exploration has been carried out intermittently in this area since copper mineralization was first discovered in 1971. In 2008, Strategic Metals consolidated the property ownership and in 2010 conducted a helicopter-borne VTEM/magnetic geophysical survey. This survey identified a number of magnetic highs that are coincident with anomalous geochemical values in soils. These strong magnetic responses coincide with areas of high resistivity and suspected potassic alteration. This geophysically attractive target laps onto surrounding areas of high gold-in-soil values that have not been drilled.
New Dimension has an option to a 100% interest in Strategic Metals' Mars copper-gold property ('the Property'). For details of the agreement please see the Company's press release dated September 7, 2011 or click on the following link:
About New Dimension Resources Ltd. and Yukon:
New Dimension has an option to earn up to a 100% interest in 13 properties located in the Yukon from Strategic Metals. The Properties were originally staked by Strategic Metals following an extensive review of a geological data base compiled by Archer, Cathro & Associates, an independent group of consulting geological engineers and geoscientists with extensive exploration experience in the Yukon.
The 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, P.Eng., President & CEO
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.
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.
Contacts:
New Dimension Resources Ltd.
Fred Hewett
President & CEO
(604)687-7545 or (888)338-2200
New Dimension Resources Ltd.
Chris Curran
(604)687-7545 or (888)338-2200
(604) 689-5041 (FAX)
info@northair.com
www.newdimensionresources.com
