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New Dimension Resources Ltd.
Summary
| Project: | Las Calandrias | |
|---|---|---|
| Deposit: | Las Calandrias | |
| Location: | Argentina | |
| Commodities: | Gold-Silver | |
| Date: | 2/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-2-2018: New Dimension Resources Ltd. announces a Resource Estimation report for its Las Calandrias deposit at the Las Calandrias project. Mineral Resource statement for the Las Calandrias project. Mine Development Associates (“MDA”) has been engaged by | |
| 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: | [Resources]: Steven Ristorcelli (Mine Development Associates) | |
| ABSTRACT: | Mine Development Associates (“MDA”) has been engaged by New Dimension Resources Ltd. (“New Dimension”) to prepare an updated Technical Report in support of the 2011 mineral resource estimate for the Las Calandrias project, Argentina. Las Calandrias has volcanic-hosted, epithermal gold and silver mineralization. Exploration at Las Calandrias by its previous owner, Mariana Resources Ltd. (“Mariana Resources”) had concentrated on two areas with defined resources – Calandria Sur and the Calandria Norte vein. Other areas within the property limits have potential for finding additional resources. At the time of the 2011 resource estimate the Las Calandrias property was held 100% by Mariana Resources through its wholly owned subsidiary Minera Mariana Argentina S.A. (“Minera Mariana”). In July of 2017 Sandstorm Gold Limited (“Sandstorm”) acquired Mariana Resources. As announced in a news release dated February 20, 2018, New Dimension has entered into agreements with Sandstorm whereby New Dimension will acquire a 100% interest in ”the Santa Cruz Projects”, which include the Las Calandrias project and property. Additional information as to the agreements appears in Section 4.0. This report has been prepared in accordance with the disclosure and reporting requirements set forth in the Canadian Securities Administrators’ National Instrument 43-101 (“NI 43-101”), Companion Policy 43-101CP updated in 2014, and Form 43-101F1, as well as with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines” (“CIM Standards”) of 2014. | |
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