New Dimension Resources Ltd.
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Cenepa

Location

New Dimension Resources Ltd. has attained an irrevocable right to acquire ten mining petitions situated in Peru along the Ecuador border south and along trend of Aurelian Resources Inc.'s (ARU-TSX) Condor Project and the Fruta Del Norte gold discovery (see map).
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Overview

The mining petitions totaling 10,000 hectares, (Instituto-Nacional de Concesiones y Catastro Minero-INACC), lie between two border holdings of Lateegra Gold Corp. and cover the projection into Peru of a 20 kilometre long, north-south trending mineral belt that includes the Fruta Del Norte discovery. This discovery by Aurelian, that includes an announced drill intercept of 189 metres grading 24 g/t gold, is developing into a major gold district. The Fruta Del Norte discovery is one of several known gold-silver vein occurrences within this developing gold belt. The Company's claim block lies only five kilometres south and on trend with Aurelian's Aguas Mesas Sur prospect with an announced drill intercept of 51.06 g/t gold over 9.2 metres. This prospect is the southernmost known gold occurrence in this newly emerging gold belt. NDR is extremely pleased to have acquired such a strategic land position.

These petitions for mining concessions, which are currently subject to an irrevocable option in NDR's favor, were acquired by a Peruvian corporation, Minera NDR Peru S.A.C. (NDR Peru), in compliance with Peruvian regulations concerning foreign mining companies operating within 50 kilometres of a bordering country. The petitions for mining concessions filed by NDR Peru immediately reserve for NDR Peru's future mineral rights once these petitions are approved by the Peruvian government and converted to titled mining concessions. The Company has been notified by its Peruvian legal counsel that Minera NDR's claims are anticipated to be granted this fall.
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Work Performed

There has been very limited exploration work in Peru where the mineral trend crosses the border, but the area is geologically highly permissive for the discovery.
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