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- Recently acquired gold property in Walker Lane mineral belt of Nevada
- Property covers an intensely altered and silicified zone measuring approximately 750 metres by 100 metres
- Historical trenching returned 24.4 metres of 3.08 g/t gold and 12.2 metres of 1.03 g/t gold
- Initial exploration program will include mapping, sampling and trenching
- Main target area has not been drilled -- drill permitting in progress
- NDR can earn a 65% interest over 4 years
Location
The property covers an attractive precious metal target within the Walker Lane mineral belt, approximately 20 kilometres west of the past producing Borealis gold mine in the State of Nevada. The property is well served by roads and an adjacent power line.
Overview
New Dimension has an agreement with Gryphon Gold Corporation to acquire up to 65% interest in the East Walker Gold Project located in western Nevada. The East Walker Project is well positioned within a highly mineralized metallogenic province of Nevada and the Company believes the property could host important gold mineralization. Historic production from the nearby Borealis Mine was reportedly 600,000 ounces of gold. Borealis is currently undergoing a feasibility study by Gryphon Gold who has reported a resource inventory of 1,422,500 ounces of gold in the measured and indicated category and 1,104,500 ounces gold in the inferred category, from 85,900,000 tons grading 0.029 ounces of gold per ton.
New Dimension can earn a 51% interest in East Walker by making an initial $10,000 cash payment, issuing 75,000 shares to Gryphon Gold, and completing $120,000 in exploration within two years. Upon earning 51%, the Company can increase its interest to 65% by completing an additional $250,000 of work over a second two year period.
Work Performed
In the 1980's work by others within the area of alteration defined a significant rock-chip anomaly greater than 300 ppb gold with numerous samples exceeding 1 g/t gold with a high of 2.6 g/t gold. Earlier work also included two trenches averaging 3.4 g/t gold over 24 metres and 1.1 g/t gold over 12 metres. In the same area, seven three metre long chip samples taken by the Company returned values between 0.03 g/t and 1.50 g/t gold. Confirmation grab sampling conducted by Gryphon Gold within the trench area returned values between 0.42 g/t and 4.9 g/t gold. In addition, historic drilling north of the target zone reportedly obtained values of up to 1.49 g/t gold. Of note is that the historic exploration data was collected before the introduction of NI 43-101, and is presented for information purposes only. New Dimension has no way of verifying the results and the historical data should not be relied upon.
Geology
The East Walker claims overlie a linear zone of intensely altered and silicified volcanics measuring approximately 750 by 100 metres in size. The priority target area is projected under younger cover and remains open in three directions.
Planned Exploration
The Company will complete additional field work on the East Walker Project to better define specific target areas for drilling. Project activities will include completion of the permitting requirements necessary to conduct a preliminary drill program.
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