NR phase 1 complete
posted on
Jul 25, 2011 01:26PM
Edit this title from the Fast Facts Section
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/25/11 -- New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") is pleased to report that field crews led by Archer, Cathro & Associates, have completed Phase I field evaluations on 12 properties that comprise the Lansing Project ("Lansing"), located in the Yukon and the Gild Project ("Gild"), located in the NWT.
The programs at Lansing and Gild ("the Properties") focused on rock, soil and stream sediment sampling. During the program, approximately 900 stream and soil samples were acquired as well as 27 rock samples. This additional geological information will be utilized to prioritize target areas and plan follow-up activities. The Company's Phase II follow-up will be contingent on results. Assay results will be reported when received and interpreted.
About the Lansing and Gild Projects
New Dimension has an option to earn up to a 100% interest in 12 properties consisting of the Lansing and Gild Projects. The Properties were originally staked by Strategic Metals Ltd. ("Strategic Metals") following an extensive review of a geological data base complied by Archer, Cathro & Associates, an independent group of consulting geological engineers and geoscientists with extensive exploration experience in the Yukon. Strategic Metals acquired the Properties with the objective of identifying targets similar to discoveries found on ATAC Resources' Rackla gold project; where a 40,000 metre drill program is currently underway. The Rau Property, located to the west and north of the Gild and Lansing Properties, has returned exceptional drill results including 65.20 metres of 4.65 g/t gold and 21.13 metres of 8.01 g/t gold on the Osiris and Conrad zones, respectively.