TSX-V: NDR
VANCOUVER, March 25, 2019 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company", or "New Dimension") is pleased to
report first assays from an exploration trenching program being
undertaken at its 100%-owned Los Cisnes gold-silver project in
Santa Cruz Province, Argentina (Figure 1). This first-pass program
consists of 8 trenches and has focused on providing a more detailed
evaluation of the newly-discovered, high-grade gold-silver
vein/breccia systems at Bagual and Potranca. Assay results from the
first 4 trenches at Bagual (T1-T4) have now been received and are
reported in this release.
Highlights
- High-grade gold-silver assays (37.5 g/t gold ["Au"] + 6 g/t
silver ["Ag"] over 1.0 metre [m] and 9.7 g/t Au + 8 g/t
Ag over 0.6m) were returned from
two channel samples in Trench 1, which was cut perpendicular to the
main Bagual structural corridor (see Figures 2-6). Trench 1 is also
located approximately 20 m north-east
of the Bagual "discovery" grab sample (which assayed 109 g/t Au
+ 1,031 g/t Ag; see Company News Release dated March 4, 2019). Gold-silver mineralisation in
Trench 1 is associated with strongly-oxidized
quartz-sulfide(-Fe-oxide)-bearing stockworks and breccia zones, and
lies under <1m of post-mineral
overburden (Figure 5).
- An additional high-grade gold assay (15.7 g/t Au + 4 g/t
Ag over 0.6m) was returned from a
channel sample cut in Trench 3, which is located approximately
210 m along the interpreted strike
direction of the gold-silver mineralisation identified in Trench
1.
- Assays from the remaining 4 trenches at Los Cisnes (T5-T8) are
still pending.
- Assay results from a further 16 trenches recently completed
over the Ana, Ana Splay, Tranquilo and Laguna vein targets at the
Sierra Blanca Project are also pending.
Eric Roth, New Dimension's CEO,
commented today: "I am very pleased to be reporting that surface
exploration activities at our Los Cisnes project continue to
encounter high gold-silver grades in the Bagual vein/breccia
structure. The Bagual discovery lies immediately to the southwest
of the Brio vein/breccia system, which was drilled in 2018 and
resulted in the definition of a down-dip extension to the
high-grade silver-gold mineralisation in the LCsD-09 sector. The
recently-discovered Bagual and Potranca vein/breccia systems
represent clear targets for future drill testing, and open up the
potential of the Los Cisnes project for the discovery of new
"shoots" of gold-silver mineralisation.
The emergence of the two new discoveries at Los Cisnes, together
with the latest results coming out of our Sierra Blanca project, also serve to demonstrate
the significant upside potential of our Santa Cruz portfolio, which we intend to
unlock through ongoing exploration and drill target generation
activities".
Link to figures:
https://newdimensionresources.com/site/assets/files/13162/2019_03_25_los_cisnes_figures.pdf
Los Cisnes Project Update
Recent exploration activities have resulted in the definition of
two new high-grade Au-Ag vein zones (Bagual and Potranca) at the
Los Cisnes Project, which is located approximately 75km southwest
of Yamana Gold Inc's high-grade Cerro Moro
Au-Ag mine.
The northeast-trending Bagual vein/breccia system extends over
some 900m in length and occurs near
the geological contact between a rhyolite dome and ignimbrites.
Initial surface sampling had returned local hand lens visible gold
and gold-silver assays ranging from geochemically anomalous to
high-grade, with a best select grab sample of 109 g/t Au + 1,031
g/t Ag. Follow-up trenching has resulted in the
successful definition of high-grade gold-silver mineralisation in
both Trench 1 (37.5 g/t Au + 6 g/t Ag over 1.0 m and 9.7 g/t Au + 8 g/t Ag over
0.6m) and Trench 3 (15.7 g/t Au +
4 g/t Ag over 0.6m), with Trench
3 being located approximately 210 m
along the interpreted strike direction from Trench 1. The
gold-silver mineralisation identified in all trenches is associated
with strongly-oxidized quartz-sulfide(-Fe-oxide)-bearing stockworks
and vein/breccia zones.
The nearby Potranca vein is north-south-trending, is currently
known to be exposed over a strike length of 300m, and is hosted entirely within ignimbrites.
Initial surface sampling from the Potranca vein zone has returned
high-grade gold and silver assays ranging between 0.3 g/t and
5.6 g/t Au, and 7 g/t and 267 g/t Ag, respectively.
Assays from the three trenches completed at Potranca (T5-T7) are
still pending.
The two newly discovered zones lie immediately to the southwest
of the high-grade Brio structure, on which the Company completed a
total of 16 diamond drill holes for 1,564m in 2018. The 2018 drill campaign
successfully identified down-dip extensions to the high-grade
silver mineralization identified in the LCsD-09 sector (drill
intercept of 2.9m @ 755 g/t Ag from
32.1m downhole), with this
mineralised "shoot" currently remaining open at depth (see Company
News Release dated July
26th, 2018).
Additional mapping/sampling is also being undertaken at Bagual
and Potranca in order to obtain a better understanding of both the
geology of, and delineate potential lateral extensions to, the
newly discovered mineralisation. The current interpretation is that
the Bagual and Potranca mineralisation represent cross-cutting
structures to the original Brio vein, which may have significant
implications on the upside potential of the Los Cisnes property
(particularly the high-grade mineralisation identified in the
LCs-09 sector).
Quality Assurance / Quality Control (QA/QC)
New Dimension applies industry-standard exploration sampling
methodologies and techniques. All soil, stream, and rock (including
trench) samples are collected under the supervision of the
Company's geologists and in accordance with best industry
practices. Trench samples of vein material are cut utilising a
gas-electric saw over intervals defined by the Company's
geologists. All rock samples for geochemical analysis
are subsequently dispatched to Alex
Stewart's sample preparation facility in Puerto San Julian, with pulps subsequently being
sent to the Alex Stewart's accredited analytical lab in Mendoza.
All geochemical assays are subject to quality assurance / quality
control programs using a combination of internationally-recognized
standards, duplicates, and blanks, as provided by both Alex Stewart and the Company.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President
& CEO
About New Dimension Resources
New Dimension is engaged
in the acquisition, exploration, and development of quality mineral
resource properties throughout the Americas, with a focus on
high-grade precious metals deposits. The Company's current focus is
on the discovery of new high-grade gold-silver resources at its
100%-owned Las Calandrias, Los Cisnes and Sierra Blanca projects, all located in the
highly prospective Deseado Massif of Santa Cruz Province, southern Argentina. The Company also holds an option to
earn-in to a 100% interest in the Savant
Lake gold project in Ontario, together with an active 29.56% JV
interest (with Yamana Gold) in the Domain gold project in
Manitoba.
Qualified Persons and Disclosure Statement
The
technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in NI
43-101, and approved by Eric Roth,
the Company's President & CEO, a director and a Qualified
Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic
Geology from the University of Western
Australia, is a Fellow of the Australian Institute of Mining
and Metallurgy (AusIMM), and is a Fellow of the Society of Economic
Geologists (SEG). Mr. Roth has over 25 years of experience in
international minerals exploration and mining project
evaluation.
Cautionary Notes and Forward-looking
Statements
This news release contains forward-looking
information within the meaning of applicable securities
legislation. Forward-looking information is typically
identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. Such
statements include, without limitation, statements regarding the
future results of operations, performance and achievements of New
Dimension, including the timing, completion of and results from the
exploration and drill programs described in this release.
Although the Company believes that such statements are
reasonable, it can give no assurances that such expectations will
prove to be correct. All such forward-looking
information is based on certain assumptions and analyses made by
New Dimension in light of their experience and perception of
historical trends, current conditions and expected future
developments, as well as other factors management believes are
appropriate in the circumstances. This information, however, is
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking information. Important
factors that could cause actual results to differ from this
forward-looking information include those described under the
heading "Risks and Uncertainties" in New Dimension's most recently
filed MD&A. New Dimension does not intend, and expressly
disclaims any obligation to, update or revise the forward-looking
information contained in this news release, except as required by
law. Readers are cautioned not to place undue reliance on
forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
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SOURCE New Dimension Resources Ltd.