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![]() | ![]() Reese River Project The Reese River Project occupies a large land position within the northern portion of the Reese River Mining District, also known as the Austin District, in central Nevada. The land package includes the New York Canyon and Amador Canyon areas that experienced considerable historical silver production during the 1880's. New Dimension technical staff believes that there is significant potential on the claims for both high grade underground and bulk mineable silver and gold deposits. A surface evaluation program is ongoing with the objective of drilling priority targets at New York and Amador Canyon as soon as possible. A Plan of Operation to complete approximately 30 drill holes was submitted to the U.S. Forest Service in October with approval expected in the summer of 2008. Trend Project The Trend Project is located immediately south of the Barrick Gold - Kennecott Cortez Joint Venture (with published resources in excess of 30 million ounces of gold). In management's opinion, Trend shares many favourable geological characteristics with the Cortez JV deposits. Most notably, the Cortez Fault, which is recognized as a primary control for the deposits, crosses the central part of the Trend property. The property consists of 145 contiguous claims covering 12.8km2 and has been optioned to Calibre Mining Corp. who can earn up to a 65% interest. Calibre has informed New Dimension that work in 2008 will commence in late spring with compilation and review of all existing data followed by a drill program scheduled in the fall of 2008. East Walker Project The property covers an attractive precious metal target within the Walker Lane mineral belt, 20 kilometers west of the past producing Borealis gold mine in the State of Nevada. The company has an agreement with Gryphon Gold Corporation to acquire up to 65% interest in the project. New Dimension's technical staff believes the property could host important gold mineralization. Historic production from the nearby Borealis Mine was reportedly 600,000 ounces of gold. Beginning in June of 2008, New Dimension will complete additional field work on the East Walker Project to better define specific target areas and will complete the permitting requirements necessary to conduct a preliminary drill program. Blackrock Project The Blackrock Gold/Silver Project is located in the Como mining district of western Nevada and sits within a geologically similar setting to the famous Comstock mining district 19 kilometres to the northwest. The Blackrock Project contains a significant, largely untested, epithermal quartz vein system with a known strike length of 1,000 metres and widths of up to 15 metres. A March 2008 drill program focused on the southernmost 300 metre segment of the vein and consisted of 12 holes placed along the vein trend to penetrate the steeply dipping structure at multiple levels. These recent drill results will require further review before New Dimension decides its next program decision. Hannapah Project New Dimension Resources Ltd. acquired the Hannapah Gold Property by staking 109 mineral claims, covering 2300 hectares, near Tonopah in Western Nevada. The Hannapah property was identified during a generative exploration program conducted by the Company's consulting geologist, Steve Jones, and was staked due to its geologic similarities to the significant Midway deposit located 30 kilometres to the northwest. Midway is an advanced stage gold property owned by Midway Gold Corporation and Steve Jones was instrumental in its discovery in 1993 while employed as a senior geologist with Kennecott Exploration. |
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