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New Dimension Resources Ltd.
Summary
| Project: | Las Calandrias | |
|---|---|---|
| Deposit: | Las Calandrias | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 9/13/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-9-2018: New Dimension Resources Ltd. announces an Exploration/Drilling Update report for its Las Calandrias deposit at the Las Calandrias project. Drilling results incl. 4.0m @ 11.0g/t Au, 49g/t Ag from 58.0m. September 13th, 2018 – Vancouver, BC ‐ New | |
| Resources: | (Resource): 11.84mt @ 1g/t Au, 17.4g/t Ag (Ind.) and 870kt @ 0.93g/t Au, 5.17g/t Ag (Inf.) | |
| CP/QP: | [Overall Report]: Eric Roth (Internal) | |
| ABSTRACT: | September 13th, 2018 – Vancouver, BC ‐ New Dimension Resources Ltd. (TSXV: NDR) (the “Company” or “New Dimension”) is pleased to report results from the Phase I diamond drill program targeting high‐grade gold and silver mineralization at its 100%‐owned Las Calandrias Project (Figure 1). This represents the first drill program to be undertaken at Las Calandrias since New Dimension’s acquisition of the Santa Cruz Portfolio from Sandstorm Gold Ltd (TSX: SSL, NYSE: SAND) in May 2018. An updated Mineral Resource Estimate for the Las Calandrias Project is currently underway and remains on‐track for completion during the second half of September 2018. The primary focus of the 2018 drill program at Las Calandrias was to extend known high‐grade mineralization at both the Calandria Norte and Morena vein/breccia zones. A total of 25 drill holes were completed, and all successfully intersected their respective target structures. Summaries of the assay results received and technical data for the 2018 drill holes are given in Tables 1 and 2, respectively. At Calandria Norte, drilling in the CND‐04 area (4m @ 11 g/t Au + 49 g/t Ag from 58m downhole; Figure 4) successfully intersected high‐grade gold‐mineralization outside the current mineral resource envelope (Indicated Category of 49,000 gold equivalent (“AuEq1”) oz @ 9.35 g/t AuEq using a 3 g/t AuEq cut‐off; further details in News Release dated February 20, 2018). These results will be included in the mineral resource update for Las Calandrias, which is due for release during the second‐half of September 2018 Eight drill holes were completed in the Morena vein/breccia system, with results indicating the potential for the development of a significant new gold‐silver zone. To date, drilling in Morena has been focused on the southern end of the Morena structure, with at least 300m of northern strike extent interpreted to remain for drill testing. Step‐out drill hole CAL18‐12 (4.2m @ 6.9 g/t Au + 13 g/t Ag: Figure 5) successfully extended known mineralization intersected by a previous operator in CND250 (2.5m @ 5.8 g/t Au + 48.5 g/t Ag). Drill results from this program suggest a more northerly strike to the Morena system than previously expected. | |
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