Welcome new investers ....its the Peru assets that have the potential
posted on
Jan 18, 2011 04:52PM
Edit this title from the Fast Facts Section
This stock was also suggested by Vince at Stateside Reports....check out the Peru assets...on trend.....do your own DD and add your comments...enjoy!
For more information on New Dimension Resources Ltd. projects or to discuss a joint venture opportunity please contact:
Fred Hewett @ info@northair.com
Tel: 604.687.7545 TF: 1.888.338.2200 Fax: 604.689.5041
Cenepa Project
New Dimension Resources Ltd. has attained an irrevocable right to acquire ten mining petitions situated in Peru along the Ecuador border on trend and to the south of Aurelian Resources Inc.'s Condor Project and the Fruta Del Norte gold discovery. The mining petitions total 10,000 hectares and cover the projection into Peru of a 20 kilometre long, north-south trending mineral belt that includes Fruta Del Norte. The claims are in varying stages of approval with final approvals on all claims expected over the next several months. There has been very limited exploration work in the Company's concession area of Peru where the mineral trend crosses the border. The area is considered geologically highly permissive for discovery.
Cori Puncho Project
The Cori Puncho Gold Project is located in the Department of Puno, southern Peru. The property position covers a steeply easterly dipping volcanic and sedimentary contact mineralized with pyrite and specular hematite. A Phase 1 drill program, completed in May 2006, is highlighted by results that include 2.14 g/t gold over 26 meters. The Company has elected to seek a joint venture partner for the next phase of work on the Cori Puncho Project.
Magma Project
NDR staked the Magma claims in Argentina in 1999, during the relatively early days of the Esquel Gold Project, which is now owned by Yamana Gold. The two claims total 5,000 hectares in size and were located to cover the projected strike extensions of known mineralization on the Esquel mineral trend. At last report, the measured and indicated resources of Esquel stand at 3,276,000 ounces gold and 5,866,000 ounces of silver with 75% of this grading in excess of 10.5 g/t gold and 18.2 g/t silver. Recent local concerns have slowed the project, but the economics of Esquel remain favorable and the Company will continue to hold their key land position on the mineral trend.
Hannapah Project
New Dimension Resources Ltd. acquired the Hannapah Gold Property by staking 109 mineral claims, covering 2300 hectares, near Tonopah in Western Nevada. The Hannapah property was identified during a generative exploration program conducted by the Company and was staked due to its close geologic similarities to the significant Midway deposit located 25 kilometres to the northwest. Midway is an advanced stage gold property owned by Midway Gold Corporation with reported resources of approximately 250,000 ounces of gold. The Company is currently talking to multiple groups about joint venture possibilities.
Amador Canyon Project
The Amador Canyon Project was previously a portion of the Company's much larger Reese River Project, which had been targeted towards silver exploration. New Dimension has terminated the majority of the Reese River claims, but continues to retain the right to obtain full ownership in the majority of the Amador Canyon claims. At Amador Canyon, limited drilling was previously completed to test manto style mineralization hosted in segments. Drill results from that program reportedly included a 12.2 metre intercept averaging 286 g/t silver. Multiple targets of this type remain to be tested. In addition to the manto style targets, mapping and sampling at Amador Canyon has also focused on a large easterly trending structural zone that saw significant historic mining activity. Also of potential importance, sampling by the Company in the Amador Canyon area identified gold values up to 10 g/t. This prospective gold zone is located several hundred metres east of the main silver zone at Amador Canyon and represents a potentially significant stand-alone gold target on the property.
Domain Project
The Domain Gold Project totals 14,000 hectares and is situated approximately 120 kilometres southeast of Thompson, Manitoba within a highly prospective greenstone belt. The Domain Property is host to several steeply dipping, northwest trending gold-bearing structures up to 3.5 kilometres long and at least 100 meters in down-dip extension. Since 2006, the Company's joint venture partner, Rolling Rock Resources Corp., has completed three drill programs which have produced very encouraging results. The most recent drill program completed in November 2008 was highly successful in confirming continuity of gold mineralization within the B Zone and extending its strike length by 150 metres to the northwest. The B Zone has now been defined over a strike length of 850 metres and remains open along strike and down dip.
Voisey's Bay Projects
A predecessor company to New Dimension Resources was formed during the Voisey's Bay exploration rush and the Company continues to hold key ground in this attractive Labrador exploration district. One of the Company's claims, Project 61, is located within the Voisey's Bay Nickel Company Limited discovery claim block, approximately seven kilometres southwest of their deposit. Approximately 90 kilometres south of the Voisey's Bay deposits, the Company, along with Donner Minerals and others, hold an interest in a company formed to consolidate holdings in the South Voisey Bay area. This Company, SVB Nickel Company Ltd. controls in excess of 40,000 hectares covering geological targets with the potential for a discovery comparable to Voisey's Bay.