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![]() | ![]() Cenepa Project New Dimension Resources Ltd. has attained an irrevocable right to acquire ten mining petitions situated in Peru along the Ecuador border on trend and to the south of Aurelian Resources Inc.'s Condor Project and the Fruta Del Norte gold discovery. The mining petitions total 10,000 hectares and cover the projection into Peru of a 20 kilometre long, north-south trending mineral belt that includes Fruta Del Norte. The claims are in varying stages of approval with final approvals on all claims expected over the next several months. There has been very limited exploration work in the Company's concession area of Peru where the mineral trend crosses the border. The area is considered geologically highly permissive for discovery. Cori Puncho Project The Cori Puncho Gold Project is located in the Department of Puno, southern Peru. The property position covers the majority of a major north-northwest trending structural zone that can be traced for over five kilometers and is comprised of steeply easterly dipping volcanics and sediments mineralized with pyrite and specular hematite. A Phase 1 drill program, completed in May 2006, is highlighted by results that include 2.14 g/t gold over 26 meters. The Company has elected to seek a joint venture partner for the next phase of work on the Cori Puncho project. Magma Project NDR staked the Magma claims in 1999, during the relatively early days of the Esquel Gold Project, which is now owned by Yamana Gold. The two claims total 5,000 hectares in size and were located to cover the projected strike extensions of known mineralization on the Esquel mineral trend. At last report, the measured and indicated resources of Esquel stand at 3,276,000 ounces gold and 5,866,000 ounces of silver with 75% of this grading in excess of 10.5 g/t gold and 18.2 g/t silver. Recent local concerns have slowed the project, but the economics of Esquel remain favorable. |
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