New Dimension's 2011 Exploration Returns Significant Results at Lansing Project, Yukon
Land Position Significantly Increased at Lance, Liam and Lisa PropertiesExtensive Exploration Planned for 2012
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/02/12 -- New Dimension Resources Ltd. (TSX VENTURE: NDR) (the 'Company' or 'New Dimension') is pleased to provide a summary of its 2011 exploration programs at the Company's Lansing Project located in central Yukon. The programs were successful in setting the groundwork for a more aggressive exploration program being planned for the 2012 field season. The Lansing Project comprises 12 properties under option from Strategic Metals Ltd. ('Strategic') and is located within the prospective Tombstone Gold Belt in central Yukon.
Highlights of the 2011 surface program include:
- Identification of several strongly elevated gold-in-soil values (8.32, 2.50 and 1.40 g/t gold) within a 2,000 by 1,000 metre target zone at the Lance Property; and
- Discovery of precious metal enriched, multi-element veins within a 1,200 by 800 metre bulk tonnage target at the Liam Property.
New Dimension intends to follow up these positive results in 2012, which will include a helicopter-borne geophysical survey and additional detailed surface evaluations. Once specific targets are better defined initial core drilling will be completed.
Land Staking Program
Based on the success of initial exploration work on the Lansing Project, in June of 2011, New Dimension staked an additional 224 claims to expand the Lance Property and another 40 claims at the Liam Property. During this same period, 96 claims were also staked at the Lois Property to cover regional-scale geochemical and geological similarities to the Lance Property. In December 2011, following the compilation of all data from its Phase II program, New Dimension staked an additional 60 claims at Liam and another 40 claims at Lisa to cover additional areas with favourable geology. On acquiring this ground the total size of the Lansing Project has increased from 770 claims covering 150 square kilometres to over 900 claims covering 180 square kilometres.
Lance Property (Lansing Project)
At the Lance Property, exploration conducted during 2011 identified strongly elevated gold, arsenic, bismuth and tungsten soil and rock 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 (8.32 and 2.50 g/t gold). Follow up prospecting of gold-in-soil sites in this area did not reveal an obvious source for the elevated values; however the samples lie along a ridge crest that hosts at least three topographically defined sub-parallel structural zones which are potential hosts to mineralization.
Four of the five target areas at Lance are supported by strong arsenic and antimony soil values; with one of these four targets distinguished by accompanying elevated tungsten-in-soil values (up to 60.5 ppm). The fifth target is only anomalous for gold.
To view a map of the Lance Property highlighting the sampled area, please click on the following link:
http://www.newdimensionresources.com/i/maps/lansing/2012-01-31_Lance_Property_Geochemistry.jpg
Liam Property (Lansing Project)
At the Liam Property, soil geochemical sampling conducted in 2011 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 the Gallagher and Neeson were discovered within this soil anomaly.
The Gallagher Showing comprises arsenopyrite and limonite veins within hornfelsed siliciclastic rocks. A grab sample of vein material here 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 here 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 sample from the area also reported 0.049 g/t gold, 0.59% copper and 16.00 g/t silver. The Neeson Showing has been traced along a 55 metre strike length and remains open under cover. This 2,000 by 800 metre anomalous target zone is scheduled for follow-up prospecting and geological mapping.
The properties comprising the Lansing Project are being explored as intrusion-related gold systems due to their proximity to Mid-Cretaceous intrusive stocks and the multi-element geochemical signature. Of note is the enrichment of tin at the Liam Property that shows similarities to Silver Range Resources' Keg Property. The Keg Property is located approximately 75 kilometres to the southwest and is being explored as a bulk-tonnage silver, lead, zinc, copper and tin deposit.
To view a map of the Liam Property highlighting the sampled area, please click on the following link:
http://www.newdimensionresources.com/i/maps/lansing/2012-01-31_Liam_Property_Geochemistry.jpg
Summary
New Dimension is very pleased with its 2011 exploration results for the Lance and Liam Properties, as the program identified very encouraging coincident gold, arsenic, antimony, bismuth and tungsten anomalies from stream sediment, soil and rock sampling. The Company believes that several geochemical and geological features on the Properties could be characteristics of reduced intrusion-related gold systems (RIRGS), which are associated with a number of mines and advanced prospects in the Tombstone Gold Belt of Yukon and Alaska. New Dimension's exploration program for 2012 for the Lance and Liam Properties is presently being developed and will include:
- Closely-spaced contour soil sampling and/or grid sampling;
- Systematic detailed mapping and prospecting to identify the presence or absence of lithological, structural and/or mineralogical features that are indicative of RIRGS deposits;
- A low-level helicopter-borne magnetic, radiometric and electromagnetic geophysical survey to better delineate lithological contacts, alteration and structure on the properties and
- Core drilling to test the various targets identified by prospecting and soil geochemical surveys.
Other Lansing Properties
The 2011 exploration results from a number of New Dimension's other Lansing Properties are also encouraging. Highlights of the results are summarized below:
-- Lisa property: broad zone of elevated coincident arsenic (50 to 2440
ppm), bismuth (2 to 41.3 ppm), gold (10 to 44 ppb) and copper (50 to 161
ppm) values;
-- Husky property: strong multi-element soil response, including very
strong gold (127 ppb) and tin (36.2 ppm) values;
-- Leah property: 200 by 500 m, arsenic (50 to 354 ppm) +/- gold (10 to 33
ppb) soil anomaly, and 1.38 g/t gold, 1620 ppm arsenic and 58.6 ppm
antimony from a composite rock sample collected within a 50 by 50 m kill
zone;
-- Leroy property: elevated gold (10 to 127 ppb) and arsenic (131.5 to 1515
ppm) stream sediment values within a 1500 by 1000 m area of elevated
arsenic (50 to 403 ppm) soil values with local gold (10 to 29 ppb) and
copper (50 to 176 ppm) support;
-- Lois property: small cluster of coincident gold (10 to 304 ppb), arsenic
(50 to 605 ppm), bismuth, antimony and copper values and a separate,
broad arsenic anomaly (55.8 to 221 ppm) with local gold (36 and 48 ppb)
and bismuth (2.28 to 17.4 ppm) support; and
-- Lori property: property-wide elevated silver (1 to 13 ppm), zinc (200 to
2580 ppm), antimony (5 to 40.6 ppm) and molybdenum (5 to 65.5 ppm)
response with local gold (20 and 37 ppb) support.
Additional geochemical sampling, prospecting and geological mapping will be conducted in 2012, before these properties can be properly evaluated as potential drill targets.
Sampling and QA/QC
Analytical work was done by ALS Chemex with sample preparation in Whitehorse, Yukon and assays and geochemical analyses in North Vancouver, British Columbia. All rock samples were initially analyzed for gold by aqua regia digestion with inductively coupled plasma mass spectroscopy finish (Au-TL44) or by fire assay followed by atomic absorption (Au-AA24). The rock samples were further analyzed for 51 other elements by aqua regia digestion with inductively coupled plasma combined with mass spectroscopy and atomic emission spectroscopy (ME-MS41). Over limit silver, zinc, lead and arsenic values were determined using aqua regia digestion with inductively coupled plasma and either atomic emission spectroscopy or atomic absorption spectroscopy (Ag-, Zn-, Pb- or As-OG46). Rock samples from the Liam property were also analyzed for tin using pressed pellet x-ray fluorescence (Sn-XRF05). All soil samples were analyzed for gold by aqua regia digestion with inductively coupled plasma mass spectroscopy finish (Au-TL434) and the multi-element analysis was done by ME-MS41.
The 2011 program was conducted by Archer, Cathro & Associates (1981) Limited ('Archer Cathro') under the supervision of Sarah Eaton, GIT.
The technical 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.
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 Archer Cathro an independent consulting group with extensive exploration experience in Yukon. New Dimension also holds several other attractive exploration properties in Canada and Peru.
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.
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
info@northair.com
www.newdimensionresources.com