TSX-V: NDR
VANCOUVER, March 4, 2019 /CNW/ - New Dimension Resources
Ltd. (TSXV: NDR) (the "Company", or "New Dimension") is pleased to
provide the following update on its ongoing exploration activities
at its 100%-owned Sierra Blanca and Los Cisnes gold-silver projects
in Santa Cruz Province,
Argentina.
Highlights
- Recent field mapping/sampling programs at both the Sierra
Blanca and Los Cisnes Projects have successfully resulted in the
discovery of three new high-grade gold-silver ("Au-Ag") epithermal
vein zones –Tranquilo (Sierra Blanca), Bagual and Potranca (Los
Cisnes).
- At Sierra Blanca (Figures 1-4), exploration activities have
focused on drill target generation in the extensive NW-trending
Ana, Tranquilo, and Laguna "vein fields" and have resulted in the
discovery of previously unrecognised high-grade Au-Ag
mineralisation at Tranquilo. Initial rock-chip sampling along the
Tranquilo vein has returned assays ranging from geochemically
anomalous to high-grade, with a best sample of 10 grams per
tonne ("g/t") Au + 150 g/t Ag.
- At Los Cisnes (Figures 1 and 5-6), two new high-grade
gold-silver vein zones (Bagual and Potranca) have been discovered
immediately adjacent to the mineralised Brio structure. The
NE-trending Bagual vein/breccia system is currently known to extend
over some 900m in length, with select
rock-chip samples taken along the vein having returned gold-silver
assays ranging from geochemically anomalous to high-grade, with a
best sample of 109 g/t Au + 1,031 g/t Ag. Gold and silver
assays from the three rock-chip samples taken from the nearby
N-S-trending Potranca vein zone range between 0.3 g/t and 5.6
g/t Au, and 7 g/t and 267 g/t Ag.
- Trenching is currently underway at both Los Cisnes and Sierra
Blanca, with the primary objectives being to improve our geological
understanding of the poorer-exposed portions of the principal veins
and to test for potential extensions to the newly-discovered
high-grade mineralisation.
Eric Roth, New Dimension's CEO,
commented today: "I am very pleased to be reporting that
exploration activities at our Sierra Blanca and Los Cisnes projects
have led to the discovery of three previously-unrecognised,
high-grade epithermal gold-silver vein zones: Tranquilo at Sierra
Blanca, Bagual and Potranca at Los Cisnes. The new discoveries are
located in the immediate vicinity of previously known mineralised
veins, these being Chala-Achen and Lucila at Sierra Blanca and Brio
at Los Cisnes. The emergence of these new discoveries continues to
demonstrate the significant upside potential of our Santa Cruz portfolio, which we will continue
to unlock through ongoing exploration and drill target generation
activities".
Link to figures:
https://newdimensionresources.com/site/assets/files/13136/2019_03_santa_cruz_update_figs.pdf
Sierra Blanca Project
The Sierra Blanca Project is an advanced, high-grade Au-Ag
project located approximately 40km NW of AngloGold Ashanti's
Cerro Vanguardia gold-silver mine.
Previous exploration by Mariana Resources Ltd identified in excess
of 22km of cumulative vein strike length at Sierra Blanca, however,
many veins extend under post-mineralization cover and therefore
total strike lengths are likely to be understated. Most of
the previous work (completed pre-2012) at Sierra Blanca was focused
on the E-W-trending Chala-Achen and Lucila vein systems, with
high-grade silver values having been derived from surface trenching
at Chala-Achen (including 9.4m @
2,362 g/t Ag; source Mariana Resources Ltd). Significant
gold-silver values were also derived from initial drilling at
Chala-Achen, including 3m@ 9.5 g/t Au + 28 g/t Ag in drill hole
CHD-61.
Recent field mapping/sampling programs at Sierra Blanca have
been focused on the underexplored Ana, Tranquilo, and Laguna "vein
fields", and have resulted in the discovery of previously
unrecognised high-grade Au-Ag mineralisation at Tranquilo. Initial
rock-chip sampling from along the Tranquilo vein has returned
assays ranging from geochemically anomalous to high-grade, with a
best sample of 10 g/t Au + 150 g/t Ag. In addition,
extensive pathfinder element haloes (e.g. arsenic) exist around the
principal veins and may be indicative of further high-grade
precious metal mineralization in the sector. In addition to
positive geochemistry, the orientation of these veins is
particularly noteworthy, as in most precious metals deposits in the
Deseado Massif northwest is the preferred structural orientation
for the localization of high-grade precious metals shoots. Drill
target definition continues at Sierra Blanca and will be achieved
through a combination of low-cost geological mapping/sampling, vein
texture analysis, and trenching.
Los Cisnes Project
Recent exploration activities have resulted in the successful
definition of two new high-grade Au-Ag vein zones (Bagual and
Potranca; Figures 5&6) at the Los Cisnes Project, which is
located approximately 75km southwest of Yamana Gold Inc's
high-grade Cerro Moro Au-Ag mine.
The two newly discovered zones at Los Cisnes lie immediately to the
southwest of the high-grade Brio structure, on which the Company
completed a total of 16 diamond drill holes for 1,564m in 2018. The 2018 drill campaign
successfully identified down-dip extensions to the known high-grade
silver mineralization in the LCsD-09 sector (drill intercept of
2.9m @ 755 g/t Ag from 32.1m downhole), with the mineralised "shoot"
currently remaining open at depth (see Company News Release dated
July 26th, 2018).
The NE-trending Bagual vein/breccia system extends over some
900m in length and occurs near the
geological contact between a rhyolite dome and ignimbrites. Initial
sampling has returned gold-silver assays ranging from geochemically
anomalous to high-grade, with a best sample of 109 g/t Au +
1,031 g/t Ag. The nearby Potranca vein is N-S-trending,
currently known to be exposed over a strike length of 300m, and is hosted entirely within ignimbrites.
Initial sampling from the Potranca vein zone has returned
high-grade gold and silver assays ranging between 0.3 g/t and
5.6 g/t Au, and 7 g/t and 267 g/t Ag,
respectively.
Additional mapping/sampling and trenching is currently being
undertaken at Bagual and Potranca in order to obtain a better
understanding of both the geology of, and delineate potential
lateral extensions to, the newly discovered mineralisation. The
current interpretation is that the Bagual and Potranca
mineralisation represent cross-cutting structures to the original
Brio vein, which may have significant implications on the upside
potential of the Los Cisnes property.
Quality Assurance / Quality Control (QA/QC)
New Dimension applies industry-standard exploration sampling
methodologies and techniques. All soil, stream, and rock samples
are collected under the supervision of the Company's geologists and
in accordance with best industry practices. All rock samples from
the Sierra Blanca and Los Cisnes projects were dispatched to
Alex Stewart's sample preparation
facility in Puerto San Julian, with
pulps subsequently being sent to the Alex Stewart's accredited
analytical lab in Mendoza. All geochemical assays are subject to
quality assurance / quality control programs using a combination of
internationally-recognized standards, duplicates, and blanks, as
provided by both Alex Stewart and
the Company.
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 throughout the Americas, with a focus on
high-grade precious metals deposits. The Company's current focus is
on the discovery of new high-grade gold-silver resources at its
100%-owned Las Calandrias, Los Cisnes and Sierra Blanca projects,
all located in the highly prospective Deseado Massif of
Santa Cruz Province, southern
Argentina. The Company also holds
an option to earn-in to a 100% interest in the Savant Lake gold project in Ontario, together with an active 29.56% JV
interest (with Yamana Gold) in the Domain gold project in
Manitoba.
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.
Cautionary Notes and Forward-looking
Statements
This news release contains forward-looking
information within the meaning of applicable securities
legislation. Forward-looking information is typically
identified by words such as: believe, expect, anticipate,
intend, estimate, postulate and similar expressions, or are those,
which, by their nature, refer to future events. Such
statements include, without limitation, statements regarding the
future results of operations, performance and achievements of New
Dimension, including the timing, completion of and results from the
exploration and drill programs described in this release.
Although the Company believes that such statements are
reasonable, it can give no assurances that such expectations will
prove to be correct. All such forward-looking
information is based on certain assumptions and analyses made by
New Dimension in light of their experience and perception of
historical trends, current conditions and expected future
developments, as well as other factors management believes are
appropriate in the circumstances. This information, however, is
subject to a variety of risks and uncertainties and other factors
that could cause actual events or results to differ materially from
those projected in the forward-looking information. Important
factors that could cause actual results to differ from this
forward-looking information include those described under the
heading "Risks and Uncertainties" in New Dimension's most recently
filed MD&A. New Dimension does not intend, and expressly
disclaims any obligation to, update or revise the forward-looking
information contained in this news release, except as required by
law. Readers are cautioned not to place undue reliance on
forward-looking information.
Neither the TSXV 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.
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content:http://www.prnewswire.com/news-releases/new-dimension-discovers-new-high-grade-gold-silver-vein-zones-at-the-sierra-blanca-and-los-cisnes-projects-santa-cruz-300805610.html
SOURCE New Dimension Resources Ltd.