JonnyRBuck12
4年前
New Dimension to change name to Capella Nov. 11
2020-11-06 07:59 MT - News Release
Mr. Eric Roth reports
NEW DIMENSION ANNOUNCES NAME CHANGE TO CAPELLA MINERALS
After having received regulatory acceptance, the following corporate changes will take effect at market open on Tuesday, Nov. 10, 2020, for New Dimension Resources Ltd.
Change of Name and New Trading Symbol: The Company will change its name to Capella Minerals Limited and will commence trading under its new name and stock trading symbol TSX.V-CMIL.
The Company has no plans to change its current share structure, however, the Company's new CUSIP will be 13960M102 and ISIN CA13960M1023. The Company's new website will also be available at www.capellaminerals.com
The Capella Minerals name reflects the next stage of the Company's growth strategy with a focus on the discovery of high-grade gold and base metals deposits in Canada and Scandinavia. The Company's active exploration portfolio includes three high-grade gold projects - the Domain and Savant Lake Joint Venture's in Canada, plus the recent Southern Gold Line acquisition in Sweden - and two high-grade copper assets - Lokken and Kjoli - located in past-producing mining districts in Norway.
Eric Roth, New Dimension's President and CEO, commented today: "Given the Company's renewed focus on precious and base metals projects located in the Northern Hemisphere, the selection of the name Capella Minerals going forward is most appropriate. I am particularly excited by the potential for near-term discovery at both our Lokken and Kjoli projects, given the existence of numerous untested targets (including "walk-up" drill targets) along strike from previous mining operations. In addition, the Company holds direct interests in three high-grade gold projects - the Yamana Gold JV at Domain (Manitoba), the Ethos Gold JV at Savant Lake (Ontario), and our 100% interest in the Southern Gold Line project (Sweden) - all with significant upside potential.
These exciting new brownfields projects and existing gold projects complement the Company's invigorated growth strategy of positioning itself for the current buoyant gold market as well as the potential uplift in future economic demand for attractive base metals, especially copper which is critical to the clean energy sector. I look forward to keeping the market informed as we move projects towards drilling and discovery."
Incentive Stock Option Grant
The Company also reports that the Board of Directors has granted an aggregate 4,980,000 incentive stock options to directors, officers, employees and key consultants to the Company. The stock options are exercisable at a price of $0.12 per share and will have a term of 3 years, expiring on November 4, 2023. Each stock option will allow the holder to purchase one common share of the Company. All stock options granted are subject to staged vesting periods.
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.
About New Dimension Resources Ltd
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Lokken and Kjoli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
JonnyRBuck12
4年前
Spoke to management and a new corporate website & presentation will be out shortly. This can help clarify the assets that New Dimension Resources owns. For a $11 million market cap company, if you compare it’s value to other gold/metal exploration companies, you’ll see how severely undervalued it is.
Based on the most recent news and interview with CEO Eric Roth:
- - $3 million CAD in cash
- - (Savant Lake) - 2 million shares of ECC.V with cash (this has to be repeated for a few years, plus work commitments, 8 million shares total plus cash). ECC trades in the mid 20 cent range.
- - (2 sold Argentina Assets) - 2.25 million shares of Cerrado Gold (Will trade around $0.50 based on news from their capital pool (BBA.P BB1 Acquisition Corp)
- -Yamana joint venture with a very advanced, high grade gold project, 30% interest
- -100% interest in 3 Scandinavian gold/metal projects that are next to old mines, meaning there is already work done, giving a higher chance of success. All 3 to be worked on.
- -$800K work commitment / cash payment from AGLD.C for 80% of an Argentina asset, still retaining 20% which can be bought for $2.3 million
So when you add up all the value and potential, New Dimension Resources should take at least double it’s current market cap before any results are even in. Cash equivalent value from ECC/Cerrado shares, plus what AGLD paid and money raised, is easily more than half of the current market cap.
Here is some additional information to look at:
From Yamana this week in their MD&A and new company presentation: Recently signed an exploration agreement with the Bunibonibee Cree Nation. Planning is underway to guide the consultation process for an initial field program in Q4 and an aggressive exploration effort in 2021
Link: https://s22.q4cdn.com/899716706/files/20201101-November-Corporate-Summary-FINAL.pdf
Ethos recent company presentation that talks about Savant Lake: https://ethosgold.com/wp-content/uploads/2020/10/ECC-October-2020.pdf
AGLD website (does not have an update presentation, but talks about the company): https://www.australgold.com/
JonnyRBuck12
4年前
Cerrado’s resource inventory in Argentina reaches one million ounces of gold
https://www.mining.com/cerrados-resource-inventory-in-argentina-reaches-one-million-ounces-of-gold/
MINING.COM Staff Writer | October 29, 2020 | 5:15 am Exploration Latin America Gold
Cerrado Gold, a privately-owned Toronto-based mining and exploration company, announced that it has entered into a binding letter of intent with New Dimension Resources (TSXV: NDR) to acquire 100% of its Argentine subsidiary Minera Mariana Argentina S.A.
To go ahead with the deal, Cerrado Gold will have to pay a purchase price of C$2.25 million payable in shares of Cerrado.
The main assets owned by Minera Mariana are the Las Calandrias and Los Cisnes projects, located in the southern Santa Cruz province. In total, the projects consist of approximately 60,400 hectares with the bulk of the landholdings on the property adjacent to Cerrado’s Minera Don Nicolás gold mine.
According to the Canadian miner, the acquisition of these projects implies the addition of 379,000 ounces of gold and six million ounces of silver in the indicated category and 42,000 ounces of gold and 401,000 ounces of silver in the inferred category, directly adjacent to Don Nicolás’ Escondido deposit.
“The additional gold resource base increases our total resource inventory in the region to just under one million ounces in Argentina,” Mark Brennan, Cerrado’s co-chairman and CEO, said in a media statement. “This transaction will support, not only additional resources for the Don Nicolás mill but also support our ongoing review of the potential to use ore leaching of lower grade materials at the north of our property. We expect to complete these studies and complete an economic assessment early in the new year with the potential to increase our annual production rate by 20-30K ounces per year.”
Note: As per NDR's news release from yesterday, Cerrado Gold will be listing either on the TSXV or TSX by the end of 2020.
JonnyRBuck12
4年前
New Dimension Signs Binding Letter of Intent with Cerrado Gold for Sale of Minera Mariana Argentina S.A.
2020-10-28 07:30 MT - News Release
New Dimension Signs Binding Letter of Intent with Cerrado Gold for Sale of Minera Mariana Argentina S.A.
Canada NewsWire
VANCOUVER, BC, Oct. 28, 2020
TSX-V: NDR
VANCOUVER, BC, Oct. 28, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV:NDR) (the "Company", New Dimension" or "NDR") is pleased to announce that it has entered in to a Binding Letter of Intent ("LOI") with Cerrado Gold Inc. ("Cerrado") for the sale of its 100% interest in its Argentine subsidiary, Minera Mariana Argentina S.A. ("Minera Mariana")(the "Transaction"). Minera Mariana is owner of the Las Calandrias and Los Cisnes gold-silver projects, in addition to an extensive portfolio of exploration concessions in the Eastern Deseado Massif, Santa Cruz Province, southern Argentina. The transaction is subject to successful completion of due diligence and is expected to close on or around November 30, 2020.
Cerrado is owner and operator of the Minera Don Nicolas ("Don Nicolas") gold mine, a 1,000 tonne per day gold mining/processing facility located immediately adjacent to Minera Mariana's Las Calandrias project.
Highlights of the Transaction
New Dimension will receive USD 50,000 in cash within 10 days of signing of the Binding LOI.
New Dimension will receive CAD 2.25 million in Cerrado shares. The exact price and number of shares to be issued will be calculated based on the price of Cerrado's shares as determined in anticipation of a concurrent financing with its planned listing on either the Toronto Stock Exchange or TSX Venture Exchange (expected to be completed by December 31, 2020).
New Dimension will retain indirect exposure to future exploration and operational success at both Las Calandrias and Don Nicolas through its shareholding in Cerrado.
Eric Roth, New Dimension's President and CEO, commented today: "I am very pleased to be announcing today the sale of our Argentine subsidiary, Minera Mariana, to Cerrado Gold. This agreement will allow the Las Calandrias project, in particular, to benefit greatly from the exploration and operational expertise of the Don Nicolas team, with its geographical proximity to Don Nicolas' current mining/processing operations at Paloma and Martinetas also providing Las Calandrias with synergies for potential future development.
With the divestiture of Minera Mariana, the Company will now be able to focus its activities on advancing its recently acquired Scandinavian projects - the high-grade copper-rich Løkken and Kjøli massive sulfide projects in Norway, and the Southern Gold Line orogenic gold project in Sweden - as well as its two Canadian high-grade gold Joint Ventures - Domain and Savant Lake. With the Company's renewed focus on a quality mix of high-grade gold and copper projects in favourable jurisdictions within the northern hemisphere, I look forward to keeping the market informed as we advance our projects towards drilling."
Las Calandrias Project Overview
Las Calandrias is an advanced-stage gold-silver project located immediately adjacent to Don Nicolas' mining operations at Paloma and Martinetas. The project currently contains two main mineralized zones – i) the bulk-tonnage, dome-hosted Calandria Sur deposit and ii) the high-grade Calandria Norte and Morena vein/breccia zones. The Calandria Sur zone is located along the southern limit of the Company's claim block and extends across this boundary into Don Nicolas' claim block (where it is known as the Escondido mineralized zone). The high-grade Calandria Norte and Morena gold-silver vein/breccias lie along NE-trending structures in the central portion of the Las Calandrias claim block and were the focus of the Company's most-recent (2018) drilling. Further potential still exists to expand the known mineralized zones at Calandria Norte, Morena, and the sub-parallel Despreciada/Nido vein zones through drilling.
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.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
__________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
About New Dimension Resources Ltd
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Løkken and Kjøli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
JonnyRBuck12
4年前
New Dimension Provides Update on Scandinavian Gold and Copper Projects
2020-10-28 07:00 MT - News Release
New Dimension Provides Update on Scandinavian Gold and Copper Projects
Canada NewsWire
VANCOUVER, BC, Oct. 28, 2020
TSX-V: NDR
VANCOUVER, BC, Oct. 28, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", New Dimension" or "NDR") is pleased to report that it has successfully completed its on-site due diligence on the Løkken and Kjøli base metal projects in Norway and the Southern Gold Line project in Sweden (collectively, the "Scandinavian Projects"). The Company holds the right to acquire 100% interests in the Scandinavian Projects pursuant to an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSXV: EMX)(Figure 1) (refer to the Company's press release dated August 11, 2020). The Company is also pleased to report that field crews have been mobilized to all three projects with the objective of advancing priority targets to drilling.
Project Highlights
New Dimension has successfully completed on-site due diligence on the district-scale land holdings optioned from EMX around the past-producing Løkken and Kjøli copper-zinc(-silver-gold) deposits in central Norway and the Southern Gold Line gold project in central Sweden.
Field crews have been mobilized to all three Scandinavian Projects, with the immediate focus being on:
Prioritizing high-grade copper-rich massive sulfide ("VMS") targets at both Løkken and Kjøli for drilling. Previous targeting focused on the locations of mineral occurrences and high-conductivity anomalies in airborne electromagnetic data, with the current work program further refining these targets through the acquisition of detailed ground magnetic data and select soil geochemical sampling. Approximately 4.5km of the prospective 15km strike length at Kjøli has now been covered by detailed ground magnetic data (Figures 2 & 3). Field crews were mobilized to Løkken in early October to undertake similar field programs.
Planning is underway for a "bottom of till" auger drill program on the Rötjärnen claim at Southern Gold Line, where locating the source of gold-mineralized boulder trains remains a high priority. In parallel, a low-cost regional Bulk Leach Extractable Gold ("BLEG") sampling program continues on the 50,000 Ha property.
The Company is adequately funded to advance the Scandinavian Projects to drilling after the completion of its recent financing.
The Company intends to complete a technical report in compliance with National Instrument 43–101 ("NI 43-101") on one of the Scandinavian Projects; a technical report for Løkken has now been initiated and is expected to be filed by mid-November.
Eric Roth, New Dimension's President and CEO, commented today: "I am very pleased to be reporting that our on-site due diligence of the Scandinavian Projects has been completed, and that field crews are now busy working on the advancement of our priority targets to drilling. I am particularly excited by the potential for new discovery at both Løkken and Kjøli, given that existing geological and geophysical datasets suggest numerous untested anomalies (including some "walk-up" drill targets) along strike from previous mining operations. At Southern Gold Line, our immediate focus is to locate the source of gold-mineralized boulder trains in the southernmost Rötjärnen claim. In parallel, a low-cost reconnaissance BLEG sampling program is being undertaken across the entire property. Having been on-site at all three properties, I can personally attest to the potential for significant discovery and upside therein for New Dimension.
Aside from short term news flow from our three Scandinavian properties, I am also looking forward to keeping the market informed on advances made at our two high-grade gold Joint Venture projects - Domain (Yamana Gold JV) and Savant Lake (Ethos Gold JV) – as well as the recent Sierra Blanca divestiture (Austral Gold). The Company is now entering a phase of unprecedented exploration activity on a quality mix of high-grade gold and base metals projects."
Link to figures:
https://newdimensionresources.com/site/assets/files/13136/2020_10_scandinavia_acquisition.pdf
Scandinavian Project Overview
Kjøli Copper-Zinc(-Silver-Gold) VMS Project, Norway
The Kjøli copper-zinc(-silver-gold) VMS project represents a district-scale (120 square kilometres, or 12,000 Ha) land position on the northern extension of the greater Røros district, which saw mining for over 300 years beginning in the mid-1600's. The Kjøli claims covers approximately 15 km of prospective stratigraphy extending north from the past-producing Killingdal mine, which operated from 1674 to 1986 and produced some 2.9 Mt @ 1.7% Cu + 5.5% Zn1 from one of Europe's deepest (1.4km) underground mines, and also covering the former Kjøli mine and numerous mineral occurrences in between. Recent field mapping and airborne geophysical surveys have identified numerous exploration targets on the Kjøli claim block that have not yet been followed up. In addition, a regional-scale thrust fault has superimposed post-mineralization sandstones over the mineralized volcano-sedimentary sequences in the western portion of the property, and the potential for the discovery of buried massive sulfide deposits beneath the thrust remains high.
Field activities were initiated at Kjøli during September with ground magnetic and soil sampling surveys having now been completed over approximately 4.5km of the 15km of the prospective stratigraphy which hosts the historic copper mines and key mineral occurrences. Nearly 200 line kilometres of ground magnetic data have been acquired to date and 400 partial leach samples taken. Data from the ground magnetic survey is currently in the process of being processed and interpreted, with results from samples taken from the geochemical survey pending.
1 Historic production figures are from Birkeland, A. (1986) Mineralogisk og geokjemisk undersokelseav Killingdal gruver, Sor-Trondelag. M. Scient. Thesis, University of Oslo in Geological Survey of Finland, Special Paper 53 pg. 86.
Løkken Copper-Zinc(-Silver-Gold) Project, Norway
The Løkken copper-zinc(-silver-gold) project is located approximately 50km SW of the regional centre of Trondheim in central Norway. The Løkken claim block covers a total area of 210 square kilometres (21,000 Ha) and includes the former Løkken underground mine (which closed in 1987 in response to low metals prices), the associated historical mineral processing facilities, plus multiple satellite bodies of mineralization with varying degrees of development. Løkken is considered to be one of the largest ophiolite-hosted Cypress-type VMS deposits by tonnage to have been developed in the world and produced around 24Mt @ 2.3% Cu and 1.8% Zn (plus silver and gold credits)2. Historical records also suggest incomplete extraction of all high-grade copper-zinc blocks in the underground mining operation.
Field work is currently in progress at Løkken and includes the undertaking of ground magnetic and soil geochemical surveys over key regional target areas, commencing with the Dragset target (Figures 4 & 5). In parallel, efforts to obtain and reprocess existing regional airborne electromagnetic datasets (key for modelling buried massive sulfide mineralization), together with the digitizing of former underground mine plans for Løkken, are in progress. The Company expects to be able to continue undertaking field activities at Løkken until the arrival of winter snows (likely late November), with the permitting of drill targets expected to be undertaken immediately thereafter.
2 Historic production values quoted for Løkken are from Grenne T, Ihlen PM, Vokes FM (1999) Scandinavian Caledonide metallogeny in a plate-tectonic perspective. Mineral Deposita 34:422–471, Neither NDR or EMX have performed sufficient work to verify the published data reported above, but both Companies believe this information to be considered reliable and relevant.
Southern Gold Line, Sweden
The Southern Gold Line project is located in north-central Sweden and consists of 500 square kilometres (50,000ha) of mineral claims located in the immediate vicinity of Dragon Mining Ltd's Fäboliden development project and Svartliden gold mine3 (Figure 6). The Southern Gold Line exploration concessions cover areas with similar geologic and structural settings to the Fäboliden deposit (orogenic gold deposits located at, or near, granitoid-greenstone contacts). Host rocks to the high-grade gold mineralization are Paleoproterozoic in age. Reconnaissance sampling and mapping programs are ongoing, with initial BLEG samples collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments. Planning for bottom of till / top of bedrock auger drilling in the highly prospective southern Rötjärnen claim, where gold mineralized boulder trains have been identified on surface, is underway with auger drilling currently expected to be undertaken in late 2020.
3 References made to nearby mines and analogous deposits provide context for the Southern Gold Line project but are not necessarily indicative that the project hosts similar tonnages or grades of gold mineralization.
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.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
About New Dimension Resources Ltd
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Løkken and Kjøli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
JonnyRBuck12
4年前
Ethos Gold agreement for Savant Lake property
2020-10-22 14:56 MT - Property Agreement
The TSX Venture Exchange has accepted for expedited filing documentation an option agreement dated Sept. 1, 2020, between the company and New Dimension Resources Ltd., whereby the company is acquiring a 70-per-cent interest in certain mining claims in Ontario, known as the Savant Lake gold project. Consideration is as follows:
On signing, $50,000 cash and two million common shares;
On Sept. 20, 2021, $50,000 cash, two million shares and $500,000 in work commitments;
On Sept. 20, 2022, $50,000 cash, two million common shares and $1-million in work commitments;
On Sept. 20, 2023, $50,000 cash, two million common shares and $500,000 in work commitments.
Additionally, in the event that a mineral resource in excess of one million ounces of gold is defined on the property, Ethos will make payments to New Dimension of $50,000 cash and two million common shares of Ethos.
For further information, please refer to the company's news release dated Sept. 21, 2020.
© 2020 Canjex Publishing Ltd. All rights reserved.
JonnyRBuck12
4年前
New Dimension agreement for Sierra Blanca NSR royalty
New Dimension Resources Ltd (3) (C:NDR)
Shares Issued 127,190,363
Last Close 10/16/2020 $0.09
Friday October 16 2020 - Property Agreement
The TSX Venture Exchange has accepted for filing documentation pertaining to a letter agreement dated April 29, 2020, between New Dimension Resources Ltd. and Iamgold Corp., whereby the company has been granted the option to acquire one-half (0.75 per cent) of the 1.5-per-cent underlying net smelter return (NSR) royalty on its Sierra Blanca gold-silver project, located in Santa Cruz province, Argentina.
As consideration for the NSR, the company is required to make a $750,000 payment to Iamgold prior to the commencement of commercial production.
As further consideration for entering into the agreement, the company will issue 500,000 common shares to Iamgold.
For further details, please refer to the company's news releases dated April 1, 2020, and Oct. 13, 2020.
JonnyRBuck12
4年前
Austral Gold Closes Acquisition of New Dimension's Sierra Blanca Gold-Silver Project
Canada NewsWire
VANCOUVER, BC, Oct. 13, 2020
VANCOUVER, BC, Oct. 13, 2020 /CNW/ - Austral Gold Limited ("Austral") (ASX: AGD) (TSX-V: AGLD) and New Dimension Resources Ltd. ("New Dimension") (TSX-V: NDR) are pleased to announce the closing of the previously announced acquisition of New Dimension´s Sierra Blanca Gold-Silver Project in Santa Cruz Province, Argentina. The transaction enables Austral to acquire an initial 80% interest in Sierra Blanca S.A. ("SBSA") that owns the Sierra Blanca project for a total of US$800,000 in cash and work commitments, with a 'follow-on' option to purchase the remaining 20% interest for an additional US$2,300,000 in cash and work commitments. Austral plans to fund the cost of the transaction from cash flow generated from operations. Please refer to the Joint News release dated 1 April 2020 for further details of the transaction.
Austral Gold's Chief Executive Officer, Stabro Kasaneva said: "We are pleased to add Sierra Blanca to our portfolio of attractive exploration projects in Argentina. The project complements our Pingüino project and expands our exploration footprint to over 17,000 hectares over the two projects. Both projects are located adjacent to each other in the geological zone of Deseado Massif in the Santa Cruz Province, one of the most prominent precious metal regions in the world including world-class deposits such as Cerro Vanguardia1."
1 Mineralisation hosted on nearby and/or adjacent properties is not necessarily indicative of mineralisation hosted on the Company's properties
Eric Roth, New Dimension's CEO, commented: "I am pleased to be reporting the closing of the Sierra Blanca Transaction, after an extended Due Diligence process which had been significantly impacted by Covid-19 lockdowns and travel restrictions in Argentina. We are now looking forward to Austral initiating field activities at Sierra Blanca and continuing to work towards unlocking the full economic potential of the combined Sierra Blanca-Pingüino district.
With the closing of the Sierra Blanca Transaction, New Dimension now has three projects in which day-to-day operations are managed by Joint Venture partners (Sierra Blanca, Domain, and the recently-announced Joint Venture with Ethos Gold Corp. at the Savant Lake Project). This will allow us to focus on advancing our recently acquired, high-grade Løkken and Kjøli copper projects in Norway and the Southern Gold Line project in Sweden towards drilling. I look forward to keeping the market informed on advances at our Canadian and Scandinavian projects, as well as shortly providing an update on our Las Calandrias project".
Options to Acquire 50% of Underlying Net Smelter Royalties
New Dimension also entered into agreements with both Iamgold Corporation ("Iamgold") and Sandstorm Gold Limited ("Sandstorm") that provide SBSA with options to acquire one-half of their respective royalties on the Sierra Blanca project.
The agreement with Iamgold provides SBSA the option to acquire one half (0.75%) of its 1.5% NSR for CAD $750,000 at any time prior to the commencement of commercial production. In further consideration of this agreement, and subject to approval by the TSX Venture Exchange, New Dimension will issue Iamgold 500,000 NDR common shares.
The agreement with Sandstorm provides SBSA the option to acquire one-half (1%) of its existing 2% NSR for CAD $1,000,000 at any time prior to the commencement of commercial production.
About the Sierra Blanca project:
New Dimension acquired a 100% interest in the Sierra Blanca gold-silver project from Sandstorm Gold Limited ("Sandstorm") in May, 2018, as part of the acquisition of a larger portfolio of three gold-silver projects - Las Calandrias, Los Cisnes, and Sierra Blanca – all located in the highly- prospective and mining-friendly Santa Cruz Province. The Sierra Blanca project was previously controlled by Mariana Resources Limited ("Mariana') and consists of approximately 7,000 Ha (70 square kilometres) of mining claims.
Previous work at Sierra Blanca had mostly been focused on the E-W-trending Chala-Achen and Lucila vein systems, where high-grade silver values had been derived from surface channel sampling (including 9.4m @ 2,362 g/t Ag at Chala-Achen; see New Dimension News Release dated 4 March 2019 (Figures 2 and 3). During 2019, exploration activities at Sierra Blanca were focused on trenching and sampling on the NW-trenching Ana (and Ana Splay), Tranquilo, and Laguna "vein fields" with targets for follow-up drilling having been defined. A total of 10 target areas have been identified for further work at Sierra Blanca (typically dilation zones associated with the intersection of mineralized NE- and NW-trending vein/fault systems), and only 4 of these have been partially tested by historical drilling (a total of 122 holes for 15,924 m, completed mostly in the Chala-Achen-Lucila corridor). All of the major vein systems known in the eastern portion of the Sierra Blanca are interpreted by New Dimension to extend into the adjacent Pingüino property.
About the Pingüino project
The Silver-Gold-Zinc-Lead-Indium Pingüino Project is an advanced stage development project located in the south-central part of Argentina; 300km southwest of the city of Comodoro Rivadavia and 220km northwest of Puerto San Julián. In the last 15 years, six mines were constructed in the Santa Cruz Province, making it one of the most prominent precious metal regions in the world, including world class deposits such as Cerro Vanguardia and Cerro Negro1. The Pingüino Project is embedded in a vein field similar, but smaller to Cerro Vanguardia, some 35km north-west along the same controlling structure as the Pingüino deposit (225km strike length of veins vs 115 km strike length of veins). The project has year-round access, is close to major infrastructure, has no nearby communities and more than 70% of surface land is owned by the Austral.
The 2014 updated Resource Estimate Highlights include:
Ag Eq. = Ag+ 50* Au
Zn, Pb and In are not included in the resource for Ag equivalent
The Technical report was prepared by Mine Development Associates ("MDA") of Reno Nevada and dated 19 September 2014
AGD is not aware of any new information or data that materially affects the data above
All material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed.
The form and context in which the Competent Person's findings are presented have not been materially modified.
Link to the Pingüino project technical report:
https://www.australgold.com/technical-reports/
Qualified Persons and Disclosure Statement
The technical information in this news release relating to the Pingüino project has been approved by Dr Robert Trzebski, a Competent Person and a Qualified Person under NI 43-101 who is a fellow of the Australian Institute of Mining and Metallurgy (AUSIMM) and an Independent Director of Austral Gold.
About Austral Gold
Austral Gold Limited is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the US and Argentina. Austral's flagship Guanaco/Amancaya project in Chile is a gold and silver producing mine with further exploration upside. Austral also holds the Casposo Mine (San Juan, Argentina), a 26.46% interest in the Rawhide Mine (Nevada, USA) and an attractive portfolio of exploration projects including the Pingüino project in Santa Cruz, Argentina (100% interest) and the San Guillermo and Reprado projects near Amancaya, Chile (100% interest). With an experienced local technical team and highly regarded major shareholder, Austral's goal is to continue to strengthen its asset base through acquisition and discovery. Austral is listed on the TSX Venture Exchange (TSXV: AGLD), and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral's website www.australgold.com.
About New Dimension Resources Ltd
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its Savant Lake project (Ontario) and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.
Neither the 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 release.
JonnyRBuck12
4年前
New Dimension Resources (Management Discussion) Released September 28th 2020. Financials are not included due to the fact that the cut off was in May, long before the $3.6 million private placement and $515K shares for debt deals took place. All information below can be found on Sedar and was released this evening.
HIGHLIGHTS AND DEVELOPMENTS FOR THE YEAR ENDED MAY 31, 2020 AND TO THE DATE OF THIS REPORT Projects
• On September 21, 2020, the Company announced that it had executed an earn-in agreement with Ethos Gold Corp. (TSX.V: ECC) in which Ethos may earn-in to a 70% interest in the Savant Lake gold project in return for staged cash and share payments to New Dimension and $2M of work commitments.
• On August 11, 2020, the Company announced that it had entered into an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSX Venture: EMX) for the acquisition of 100% interests in the Southern Gold Line Project in central Sweden, and the Løkken and Kjøli copper-zinc-gold projects in central Norway. The Southern Gold Line project consists of a group of licences adjacent to Dragon Mining Limited's Fäboliden gold development project and Svartliden gold mine, whilst the Løkken and Kjøli licences cover both past-producing, high-grade copper(-zinc-gold) mines as well as drill-ready regional exploration targets.
• On April 7, 2020 the Company announced that it had successfully completed its earn-in to a 100% interest in the Savant Lake project in northwestern Ontario. The Savant Lake project covers 229 square kilometres of underexplored but highly prospective Archean stratigraphy for the discovery of high-grade iron formation- and shear-hosted gold deposits, in addition to base metal-rich massive sulfide deposits. Seven priority target areas (5 high-grade gold and 2 massive sulfide) have been identified to date at Savant Lake for drill testing (see Company News Release dated December 2, 2019).
• On April 1, 2020 the Company announced it had entered into an agreement with Austral Gold Limited (“Austral”)(ASX: AGD; TSX.V: AGLD) for the purchase of an 80% interest in the Company’s Sierra Blanca gold-silver project in Santa Cruz Province, Argentina for US$800,000 in cash and work commitments, with a 3 of 26 'follow-on' option to purchase the remaining 20% interest for an additional US$2,300,000 in cash and work commitments. The Definitive Agreement was signed on September 24, 2020, subject to certain requirements, having been delayed by the ongoing shutdown of both provincial government entities and legal and notarial services - all required for the due diligence process - as a result of the COVID-19 pandemic.
• On February 26, 2020 the Company noted Yamana Gold’s (or “Yamana”)(TSX:YRI; NYSE:AUY) update on exploration activities on its pipeline of highly-prospective gold projects, including the Domain Joint Venture (“JV”) in Manitoba. Domain is a 70.4%:29.6% JV between Yamana and New Dimension. Yamana commented that they will continue to engage with the Bunibonibee Cree Nation in 2020 in an effort to reach a mutually beneficial agreement supporting the advancement of exploration within the large, prospective land package at Domain.
Corporate Developments
• On September 8, 2020, the Company announced the completion of a non-brokered private placement, for proceeds of $3,624,992, with a lead order from Palisades Goldcorp Ltd. The Company successfully completed the sale of 60,416,531 units. The units are comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share at $0.12 until expiry September 3, 2023. Proceeds will be used for exploration activities and general working capital. The Company’s immediate priorities will be to advance its recently acquired Scandinavian projects. The Company paid an aggregate of $128,503 in broker fees and issued 2,081,730 brokers warrants under the same terms and conditions of the unit warrants. All securities issued under the placement are subject to a four month hold period trade restriction expiring January 4, 2021.
• On September 16 and 18, 2020 the Company announced that in an effort to conserve its capital and subject to regulatory approval, it had agreed to settle $385,963 of outstanding indebtedness to current and former insiders of the Company with the issuance of 6,432,714 common shares of the Company at a deemed price of $0.06 per share. The Company has not made the share issuance to settle the debt as of the date of this report.
• During the year, the Company recognised a write down provision of $4,528,887 against its Las Calandria, Los Cisnes and Sierra Blanca projects to reflect the Company’s change in exploration strategy, as subsequent to May 31, 2020 the Company moved its focus from its Argentinean portfolio to its newly acquired Swedish and Norwegian projects. The Company continues to explore varying strategies to further develop and extract value from its Argentinean portfolio. The Company believes it can potentially realise value out of these assets but this will be dependent on the level of investor interest in Argentinean assets.
OUTLOOK
Exploration activities for the remainder of fiscal 2020 will focus on advancing the recently-acquired Scandinavian assets towards drilling. Joint Venture partners will manage work programs at both the Savant Lake and Domain projects in Canada.
To find out additional information on any of the eight mineral projects, please visit New Dimension Resources website: http://www.newdimensionresources.com/
JonnyRBuck12
4年前
New Dimension 6,432,714 shares for debt
2020-09-21 18:34 MT - Shares for Debt
The TSX Venture Exchange has accepted for filing the company's proposal to issue 6,432,714 common shares to settle outstanding debt for $385,963.
Number of creditors: five creditors
Insiders: Eric Roth, $96,721, 1,612,017 shares at six cents; Mary Little, $20,000, 333,333 shares at six cents; Sandstorm Gold Ltd., $223,660, 3,727,666 shares at six cents
The company shall issue a news release when the shares are issued and the debt extinguished.
© 2020 Canjex Publishing Ltd. All rights reserved.
JonnyRBuck12
4年前
New Dimension Options Savant Lake Gold Project to Ethos Gold
2020-09-21 07:00 MT - News Release
TSXV: NDR
VANCOUVER, BC, Sept. 21, 2020 /PRNewswire/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", or "New Dimension") is pleased to announce that it has executed an earn-in agreement with Ethos Gold Corp. (TSXV: ECC)("Ethos") in which Ethos may earn-in to a 70% interest in the Savant Lake project in return for staged cash and share payments to New Dimension and $C 2M of work commitments.
The Savant Lake project is located 240km NW of Thunder Bay, Ontario, and covers 22,900 Ha (229 square kilometres) of underexplored but highly prospective stratigraphy for the discovery of high-grade iron formation- and shear-hosted gold deposits. Exploration activities to date have focused on seven known iron formation-hosted gold occurrences, with the highest gold grade showings (Horseshoe, Snowbird, L28) having never been drill tested and the remainder inadequately tested by historical drilling (see Company New Releases dated November 21, 2018 and December 2, 2019). Airborne magnetic data also indicate that 60km of cumulative strike length of prospective, folded iron formations remain to be evaluated (with 90% of this strike length having either limited or no surface exposure). Shear-hosted gold occurrences have also been identified within flanking bimodal volcanic rock sequences.
Terms of the Agreement
Ethos may earn-In to a 70% interest in the Savant Lake property in return for the following cash and share payments to New Dimension and associated work commitments:
Cash Ethos Shares Work Commitment
On signing $50,000 2,000,000
September 20, 2021 $50,000 2,000,000 $500,000
September 20, 2022 $50,000 2,000,000 $1,500,000
September 20, 2023 $50,000 2,000,000 $500,000
Total $200,000 8,000,000 $2,000,000
In addition, in the event of a National Instrument 43-101 ("NI-43-101") compliant mineral resource of >1 million ounces of gold being defined on the property, then Ethos will make a further payment to New Dimension of $50,000 in cash and 2 million Ethos shares.
Eric Roth, New Dimension's CEO, commented today: "I am extremely pleased to be announcing this earn-in agreement with Ethos on our Savant Lake property. We have always been firm believers in the potential for a significant discovery at Savant Lake, and now in Ethos we have a strong partner with an impressive track record of discovery and the financial strength to move the project forward. Ethos's technical team is headed by Jo Price as VP Exploration, with Rob Carpenter - the former CEO of Kaminak Gold, which was acquired by Goldcorp in 2016 for $500 million - leading Ethos's Technical Advisory Group.
With day-to-day operations at both our Savant Lake and Domain projects now being managed by Joint Venture partners, this will allow us to focus on advancing our recently-acquired, high-grade Løkken and Kjøli copper projects in Norway and the Southern Gold Line project in Sweden towards drilling. I look forward to keeping the market informed on advances at all of our Canadian and Scandinavian projects".
About the Savant Lake Project
The Savant Lake project is located within the Archean-age Savant Lake-Sturgeon Lake greenstone belt, approximately 240 km NW of Thunder Bay and 240 km S of Newmont's operating Musselwhite mine1 (Proven and Probable Reserves at December 31, 2019: 9.9 MT @ 6.52 g/t Au for 2.09Moz Au2). The Company's mineral claims in the Savant Lake area total 229 square kilometres and cover meta-volcanic and meta-sedimentary rock sequences which are prospective for both iron formation ("Musselwhite-type")- and shear zone-hosted gold deposits, in addition to base metal-rich (copper-zinc-gold) massive sulfide ("VMS") deposits. The Company completed an initial 8 hole / 1,626 m diamond drill program at Savant Lake in 2017 on select geophysical targets in the northern part of the property, however, numerous high-grade gold targets in the central and southern portion of the property remain untested.
1 Mineralization hosted on adjacent and nearby properties is not necessarily indicative of mineralization that may be hosted on the Company's Savant Lake project. 2 Source: Newmont Reserve and Resource Statement: February 13, 2020.
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.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
About New Dimension Resources Ltd
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its Savant Lake project (Ontario) and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.
JonnyRBuck12
4年前
New Dimension issues 6.43M shares for debt of $385,963
2020-09-16 18:44 MT - News Release
Mr. Eric Roth reports
SHARES FOR DEBT SETTLEMENT
Further to the news release of Sept. 8, 2020, wherein New Dimension Resources Ltd. announced the settlement of $512,722 in indebtedness by the issuance of 8,545,365 ordinary shares, New Dimension has settled company indebtedness of $385,963 due to current and former insiders of the company with the issuance of 6,432,714 common shares of the company. The settled indebtedness consists of $45,582 in fees due to former directors of the Company; $47,500 due to the current CEO and outstanding debt balance of $292,881 which consists of full and partial payment of loans provided to the Company by current insiders. Any unsettled debt will be paid in normal course.
The shares issued in settlement are subject to a hold period trading restriction expiring on January 16, 2021.
About New Dimension Resources
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Lokken and Kjoli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.
© 2020 Canjex Publishing Ltd. All rights reserved.
JonnyRBuck12
4年前
New Dimension Resources - Shares for Debt
2020-09-08 07:30 MT - News Release
New Dimension Resources - Shares for Debt
Canada NewsWire
VANCOUVER, BC, Sept. 8, 2020
TSX-V: NDR
VANCOUVER, BC, Sept. 8, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension") wishes to announce that in an effort to conserve its capital and subject to regulatory approval, it has agreed to settle $512,721.92 of outstanding indebtedness to current and former insiders of the Company with the issuance of 8,545,365 common shares of the Company at a deemed price of $0.06 per share.
All proposed shares issued in settlement of debt will be subject to a hold period trading restriction expiring 4 months and 1 day after issuance.
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 in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.
Neither the TSX Venture Exchange 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.
SOURCE New Dimension Resources Ltd.
JonnyRBuck12
4年前
New Dimension Resources Closes Private Placement with lead order from Palisades Goldcorp
2020-09-08 07:00 MT - News Release
New Dimension Resources Closes Private Placement with lead order from Palisades Goldcorp
Canada NewsWire
VANCOUVER, BC, Sept. 8, 2020
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
TSX-V: NDR
VANCOUVER, BC, Sept. 8, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension") is pleased to announce the completion of its previously announced non-brokered private placement, for proceeds of $3,624,992, with a lead order from Palisades Goldcorp Ltd. The Company had anticipated a placement of 60,000,000 units for gross proceeds of $3,600,000, however, the Company has successfully completed the sale and conversion of 60,416,531 units. The units are comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share at $0.12 until expiry September 3, 2023. The warrants contain specific language restricting exercise that would create a new insider or control person.
Proceeds will be used for exploration activities and general working capital. The Company's immediate priorities will be to advance its recently-acquired Scandinavian projects (the Løkken and Kjøli high grade copper projects in Norway, and the Southern Gold Line Project in Sweden) to drilling. The Løkken and Kjøli licences both cover past-producing, high-grade copper(-zinc-silver-gold) mines as well as drill-ready regional exploration targets, whilst the Southern Gold Line project consists of a group of licences located adjacent to Dragon Mining Limited's Fäboliden gold development project and the Svartliden gold mine.
The Company paid an aggregate of $128,503.80 and issued 2,081,730 brokers warrants under the same terms and conditions of the unit warrants. All securities issued under the placement are subject to a four month hold period trade restriction expiring January 4, 2021.
Insiders of the Company participated in the Offering acquiring, directly or indirectly, an aggregate of 3,595,841 units representing 2.83% of the Company's issued and outstanding shares on an undiluted basis and 2.75% on a partially diluted basis. The participation by insiders in the private placement is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61- 101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities being issued nor the consideration being paid exceeds 25% of the Company's market capitalization.
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 in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.
About Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
JonnyRBuck12
4年前
New Dimension Acquires 3 High-Grade Gold and Copper Projects in Scandinavia
2020-08-11 07:00 MT - News Release
TSX-V: NDR
VANCOUVER, BC, Aug. 11, 2020 /PRNewswire/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", New Dimension" or "NDR") is pleased to announce that it has now cemented its diversification strategy by executing an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSX Venture: EMX) for the acquisition of 100% interests in the Southern Gold Line Project in central Sweden, and the Løkken and Kjøli copper-zinc-gold projects in central Norway (Figure 1). The Southern Gold Line project consists of a group of licences adjacent to Dragon Mining Limited's Fäboliden gold development project, whilst the Løkken and Kjøli licences cover both past-producing, high-grade copper(-zinc-gold) mines as well as drill-ready regional exploration targets.
Highlights of the Acquisition
New Dimension to acquire 100% interests in three advanced-stage Scandinavian projects: the Southern Gold Line project in central Sweden, and the Løkken and Kjøli projects in central Norway.
The Southern Gold Line project forms a group of licences surrounding the Fäboliden gold development project, and hosts both orogenic-style gold mineralization along granite-greenstone contacts as well as intrusion-related gold mineralization (Figure 2).
Løkken and Kjøli are copper-rich, volcanogenic massive sulfide("VMS")-style projects. The past-producing Løkken mine (production ended in 1987) was known as one of the premier examples of a Cyprus-type copper-rich VMS deposit, with historical production estimated at 24Mt @ 2.3% Cu + 1.8% Zn (plus gold credits)1. Kjøli is located in the productive Røros mining district, which forms part of the renowned Røros-Tynset-Folldal belt of VMS deposits in central Norway (Figures 3-5).
Significant upside potential for new discoveries in all properties, including "brownfields" discoveries around known mineral deposits and "greenfields" discoveries in satellite bodies.
Both Sweden and Norway offer stable mining jurisdictions with competitive operating costs.
Potential funding to be raised as announced August 6, 2020 will be primarily used to advance these properties to drill-ready status.
Eric Roth, New Dimension's CEO, commented today: "I am very pleased to be reporting the acquisition of these three highly-prospective gold and copper properties in Sweden and Norway from EMX. The Southern Gold Line represents a highly underexplored extension of the Swedish Gold Line, and our focus here will be to advance targets hosting gold mineralization in similar geologic and structural settings to the adjacent Fäboliden deposit. At both Løkken and Kjøli, we are excited by the potential for new discovery given that VMS deposits typically occur in clusters and existing geological and geophysical datasets suggest numerous untested anomalies along strike from previous mining operations. Indeed, some of these anomalies represent "walk-up" drill targets for the Company and we look forward to drilling these as quickly as possible. I look forward to keeping the market informed as we move towards drilling on all three projects".
1 Historic production values quoted for Løkken are from Grenne T, Ihlen PM, Vokes FM (1999) Scandinavian Caledonide metallogeny in a plate-tectonic perspective. Mineral Deposita 34:422–471, Neither NDR or EMX have performed sufficient work to verify the published data reported above, but both Companies believe this information to be considered reliable and relevant.
Link to figures: https://newdimensionresources.com/site/assets/files/13220/2020-08-scandinavia-acquisition.pdf
Acquisition Terms for 100% Interest in the Southern Gold Line, Løkken and Kjøli Projects
New Dimension will pay EMX USD 25,000 in cash upon signing.
Upon completion of all on-site Due Diligence (expected by September 1, 2020), an initial 12-month option period will begin, and the Company will issue EMX 3 million common shares of NDR.
During the initial option period (September 1, 2020 to September 1, 2021), New Dimension will be required to invest a minimum of USD 100,000 in exploration in each of the three projects.
Until NDR has completed financings to the value of CAD 4,500,000, EMX will retain a free-carried 9.9% shareholding in NDR. Afterwards, EMX retains the option to participate in future financings at its own discretion.
During the second year from signing (September 1, 2021 to September 1, 2022), NDR will be required to invest a minimum of USD 500,000 on all three projects. During subsequent years, NDR will be required to drill a minimum of 1,000m on each project.
From the second anniversary of signing (September 1, 2022), NDR will be required to make advanced royalty payments to EMX of USD 25,000 per project, increasing USD 5,000/year up until reaching a maximum of USD 75,000/year per project.
NDR to make additional payments of USD 500,000 to EMX upon:
The filing of a Preliminary Economic Assessment technical report
The filing of a National Instrument 43-101 ("NI-43101) complaint feasibility study
EMX to retain a 2.5% NSR in the projects, with 0.5% being purchasable for USD 1M within 6 years
Scandinavian Project Overview
Løkken Project, Norway. Løkken is considered to be the largest ophiolite-hosted Cypress-type VMS deposit to be developed in the world. Production at Løkken commenced in 1654 and continued until closure in 1987, producing some 24Mt @ 2.3% Cu and 1.8% Zn (plus gold credits)1, with multiple satellite bodies of mineralization that also saw varying degrees of development. Several zones of drill defined mineralization remain undeveloped in the district, where clear evidence is seen for mineralization developed in multiple stratigraphic horizons and along strike of the major deposits. Historic data sets also include extensive geophysical surveys, with multiple untested anomalies. The Løkken concessions cover approximately 210 square kilometers (21,000 Ha) of prospective stratigraphy along strike from the former mining operations.
Both Løkken and Kjøli (see description below) are part of a broader geologic terrain that was originally linked geologically to the VMS districts in Newfoundland-New Brunswick-Maine and the Appalachian Mountains of North America. This terrain constitutes one of the most prolific VMS belts in the world.
Kjøli Project, Norway. Like the Løkken District, the Kjøli Project represents an extensive trend of VMS-type occurrences and historic mines. Kjøli is positioned along the northern extension of the belt of VMS deposits in Norway that comprise the greater Røros district, which as seen mining for over 300 years beginning in the mid-1600's. The Kjøli project contains the Killingdal mine, which operated 1674-1986 and produced over 2.9 Mt @ 1.7% Cu + 5.5% Zn2. Recent airborne geophysical surveys identified numerous exploration targets on the Kjøli project that have not yet been followed up. The Kjoli Project covers an area of approximately 120 square kilometres (12,000 Ha).
2 Historic production figures are from Birkeland, A. (1986) Mineralogisk og geokjemisk undersokelseav Killingdal gruver, Sor-Trondelag. M. Scient. Thesis, University of Oslo in Geological Survey of Finland, Special Paper 53 pg. 86.
Southern Gold Line, Sweden. The Southern Gold Line project is located in central Sweden and consists of six prospective licenses in the vicinity of, and along trend of, Dragon Mining Ltd's Fäboliden development project3. The Southern Gold Line Project consists of over 500 square kilometres (50,000 hectares) of exploration concessions which cover areas with similar geologic and structural settings as the Fäboliden deposit. Reconnaissance sampling and mapping programs are ongoing in the area, with initial BLEG samples collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments.
3 References made to nearby mines and analogous deposits provide context for the Southern Gold Line project, but are not necessarily indicative that the project hosts similar tonnages or grades of mineralization.
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.
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 in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration and discovery of high-grade gold deposits on its newly-acquired Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and 29.6% interest in the Domain JV in Manitoba (Canada). In addition, the Company has acquired a 100% interest in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway.
JonnyRBuck12
4年前
New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
2020-08-06 07:00 MT - News Release
New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
Canada NewsWire
VANCOUVER, BC, Aug. 6, 2020
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./
TSX-V: NDR
VANCOUVER, BC, Aug. 6, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension") is pleased to announce:
Commencement of a Private Placement financing for gross proceeds of up to a maximum of $3,700,000, with a lead order from Palisades Goldcorp Ltd. and significant participation by management.
Proceeds will assist with advancing the Company's existing Canadian gold portfolio and the acquisition and advancement of new high-grade gold and base metal projects in favourable, highly prospective jurisdictions. Due diligence is currently underway on two regional opportunities.
NDR is seeking to enhance the Company's growth strategy following the initial diversification out of Argentina (Refer NR 1 April 2020).
Subject to regulatory approval, New Dimension has initiated a Private Placement financing with a lead order from Palisades Goldcorp Ltd. The Company intends to complete a non-brokered Private Placement of up to 60,000,000 Units at a price of $0.06 per unit for gross proceeds of up to $3,700,000. Each unit will consist of one Common Share and one Share Purchase Warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at CAD $0.12 per share for a period of 36 months.
Insiders will be participating in at least a minimum 9,000,000 shares.
Proceeds from this Private Placement will be used to advance the Company's Canadian gold portfolio and to acquire and advance new high-grade gold and base metal projects in favourable jurisdictions, as well as for general working capital which includes settlement of current liabilities.
The Company may pay finders fee's in either cash, shares, share purchase warrants or a combination thereof, as permitted by regulators, on a portion of the Private Placements. Closing of the Private Placement is expected to occur on or before August 19, 2020. All securities issued under the Private Placements will be subject to a hold period of four months from the date of issuance of the securities.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
About New Dimension Resources Ltd.
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade precious and base metal deposits. The Company's current focus is on the discovery through exploration and drilling of high-grade gold deposits on its 100%-owned Savant Lake project in Ontario and 29.6% interest in the Domain JV in Manitoba.
JonnyRBuck12
4年前
See new information below. AGLD is acquiring a certain asset from NDR, which will make their Argentina land package much stronger. However, the strange thing about this situation is NDR has more gold/silver proven in Argentina compared to AGLD, yet it trades at 1/10th of the market cap and has a good balance sheet with many more deals and 1/10th the dilution in terms of common shares.
Symbol AGLD
Shares Issued 566,053,797
Close 2020-07-29 C$ 0.20
Recent Sedar Documents
View Original Document
Austral Gold files Q2 activity report
2020-07-30 10:25 MT - News Release
Mr. Stabro Kasaneva reports
AUSTRAL GOLD ANNOUNCES FILING OF Q2 2020 QUARTERLY ACTIVITY REPORT
Austral Gold Ltd. has filed its Q2 2020 quarterly activity report. The report is available under the company's profile on the Australian Securities Exchange website, SEDAR and on the company's website.
About Austral Gold Ltd.
Austral Gold is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the United States and Argentina.
© 2020 Canjex Publishing Ltd. All rights reserved.
Link and information pertaining to their news. Keep in mind that this is just 1 of 5 properties being worked on at the moment.
https://www.australgold.com/wp-content/uploads/AGD-Quarterly-Report-June-2020-Final-Version-30072020_-1.pdf
Page 2: Entered into an agreement with New Dimension Resources (TSXV:NDR) for the
acquisition of the Sierra Blanca gold-silver project located in Santa Cruz, Argentina
as announced on 1 April 2020. Expect to close in Q3 2020.
Page 4: Pingüino: No fieldworks activities to report during the quarter. The team began
planning the exploration activities for Q3-Q4 2020 along with the anticipated
exploration commitments at Sierra Blanca over the next 12 months.
Page 11: Pingüino and Sierra Blanca Projects (Santa Cruz Cluster)
Recent activities
Austral and New Dimension Resources Ltd. (TSX-V:NDR) (“New Dimension”) entered into an
agreement for Austral to purchase an 80% interest in New Dimension’s Sierra Blanca gold-silver
project (the “Project”) in Santa Cruz Province, Argentina for US$800,000 in cash and work
commitments in various installments throughout a 3-year period. The agreement also includes a
‘follow -on’ option to purchase the remaining 20% interest for an additional US$2,300,000 in cash
and work commitments throughout an additional 2-years period. The transaction is subject to
execution of a definitive agreement and certain undertakings from New Dimension and is expected
to close during Q3 2020.
With this transaction, Austral will expand the area of its Pingüino project by securing an additional
7,000 hectares, resulting in a new exploration cluster in the Province of Santa Cruz. In addition, the
exploration team carried out the inventory of the veins of both projects to design the next exploration
campaign.
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Picassa
14年前
