For thousands of other reports visit RSC's Mineral Intellingence Map
New Dimension Resources Ltd.
Summary
| Project: | Savant Lake | |
|---|---|---|
| Deposit: | Savant Lake | |
| Location: | Canada | |
| Commodities: | Gold-Copper-Arsenic-Antimony-Zinc | |
| Date: | 5/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-5-2017: New Dimension Resources Ltd. announces an Exploration/Drilling Update report for its Savant Lake deposit at the Savant Lake project. Drilling results incl. 17.80m @ 31ppb Au, 94ppm As, 526ppm Cu, 17ppm Sb, 1453ppm Zn. New Dimension Resources Lt | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Fred Hewett (Internal) | |
| ABSTRACT: | New Dimension Resources Ltd. (TSXV: NDR) (the “Company” or “New Dimension”) announces results of its Phase I drill program on its Savant Lake Gold project located approximately 240 kilometres northwest of Thunder Bay, Ontario. The initial drill campaign was designed to test eight of eighteen targets prioritized on the basis of the 2016 airborne geophysical and ground exploration programs. Eight diamond drill holes totaling 1,626 metres were completed as a preliminary test of two types of geophysical conductors interpreted to represent either iron-formation or sulfide bodies. Six of the eight holes completed intersected permissive lithologies, favourable alteration types, and zones of significant sulphide mineralization. The program established that there is a poor correlation between gold and overall sulfide content within iron formation, highlighting the importance of testing known large magnetic ‘highs’. There are at least five identified and thus far untested gold occurrences located within iron formation with strong magnetic signatures but no electromagnetic response. These gold-in-rock geochemical anomalies occur at fold noses where iron-formation thicknesses normally increase with resultant improved ground conditions for the potential introduction of mineralizing solutions. The drill testing of these, along with additional detailed geological mapping and surface geochemistry will be key considerations as the Company continues its assessment of the Project and undertakes next steps. The Company believes that many of the Project’s best targets remain untested. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report