New Dimension's Partner Yamana Gold to Drill Domain Gold Project, Northern Manitoba
New Dimension Resources Ltd. (TSXV: NDR) (the "Company" or "New Dimension") is pleased to announce that Yamana Gold Inc. ("Yamana") its Joint Venture partner and Operator on the Domain gold project, located in northern Manitoba, has mobilized a drill rig to commence a 2,800 metre drill program. Yamana will conduct drilling on claims of which New Dimension has a 34.8% interest, as well as on a Mineral Exploration Licence wholly owned by Yamana. The program is anticipated to begin within the next week and is expected to take approximately 30 days to complete.
New Dimension has elected not to participate in funding its portion of the program and as a result will be diluted for non-participation in the Joint Venture. Should the Company's interest in the Joint Venture fall below a 10% threshold, its interest will be converted to a 1% net smelter return.
About New Dimension Resources Ltd.:
New Dimension is engaged in the acquisition, exploration and development of quality mineral resource properties throughout the Americas with a focus on potential gold and silver deposits. The Company is currently focused on mineral projects in Canada with a priority directed toward the Savant Lake gold property.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Fred Hewett the Company's President & CEO, a director and a Qualified Person under NI 43-101.
ON BEHALF OF THE BOARD
NEW DIMENSION RESOURCES LTD.
"Fred G. Hewett"
Fred G. Hewett, P.Eng.
President & CEO
For further information please contact
Nancy Curry at (604-220-2971) or Fred Hewett/Wayne Johnstone at (604-563-4807)
** INTERNET ADDRESS: www.newdimensionresources.com ** Email: firstname.lastname@example.org
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This news release may contain forward looking statements which are not historical facts, such as statements of belief of similarity of geological characteristics or features, statements of unverified drilling and sampling results and expectations of receipt of permits and plans for future work. Forward looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, unexpected geological factors, exploration results, results of verification work and unanticipated regulatory obstacles. See New Dimension's filings for a more detailed discussion of factors that may impact expected results.
This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.