Lansing Project

Location


The Lansing Project is located 30 to 130 kilometres south of ATAC Resources' large Rackla gold property, within the prospective Tintina Gold Belt in central Yukon.

Overview


The Lansing project area comprises 11 claim blocks lying within a rectangle measuring 100 km NS by 70 km EW, the south-eastern corner of which is 120 km NNE of the town of Faro. The northern boundary lies about 30 km south of ATAC's Rackla (Rau) gold discoveries. The Husky claim block, situated in the SE corner of the rectangle, is the most advanced prospect in the group. New Dimension can earn up to a 100% interest in the Lansing Property; an initial 50% property interest can be earned by the Company by spending $1.8 million in exploration expenditures and making payments totaling $450,000 in cash or stock to Strategic Metals over a three year period. New Dimension can also earn an additional 50% (aggregate 100% property interest), by paying Strategic Metals $3 million over the following 3 years. Upon NDR earning 100%, Strategic Metals would retain a 2% net smelter returns (NSR) production royalty on precious metals and a 1% NSR production royalty on non-precious metals. The Lansing claims cover areas anomalous in any or all of gold, silver, copper, lead, zinc, antimony, bismuth and arsenic, as defined by regional GSC stream-sediment surveys.

Work Performed


The majority of the exploration to date has been conducted on two specific claim blocks; the Husky and Lorne. The Husky claim block, located in the southern part of the project area, hosts three mineralized zones with grab samples grading up to 3.3 g/t gold and 127 g/t silver (+ anomalous lead, antimony, arsenic, bismuth, zinc and copper). The Lorne claim block, located in the northern area, hosts a significant number of soil samples (collected in 2010) with values that are moderately to strongly anomalous in gold, silver, molybdenum and bismuth.

Planned Exploration


The Company's initial exploration programs for the Lansing properties are currently underway and will focus on geological mapping, prospecting, rock, soil and stream sediment sampling. The programs are designed to provide additional geological information essential for prioritizing target areas and planning follow-up activities that are expected to include drilling.

Geology


The rift-controlled Selwyn Basin comprises a thick, folded sequence of shallow-to-deep marine sediments of Upper Proterozoic to Permian age deposited on the western margin of ancestral North America. The terrane is terminated to the SW by the major NW-SE Tintina wrench fault. The sedimentary rocks have been intruded by non-deformed, mid-late Cretaceous plutons belonging to the Tombstone and Selwyn suites. The gold-mineralizing event may be related to (one or both of) these plutonic rocks. The entire region has been subjected to glaciation.

IMAGE GALLERY