New Dimension Discovers New High-Grade Gold-Silver Vein Zones at the Sierra Blanca and Los Cisnes Projects, Santa Cruz
New Dimension Discovers New High-Grade
Gold-Silver Vein Zones at the Sierra Blanca
and Los Cisnes Projects, Santa Cruz
TSX-V: NDR
VANCOUVER
,
March 4, 2019
/CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the
"Company", or "New Dimension") is pleased to provide the following update on its ongoing
exploration activities at its 100%-owned Sierra Blanca and Los Cisnes gold-silver projects in
Santa
Cruz Province
,
Argentina
.
Highlights
Recent field mapping/sampling programs at both the Sierra Blanca and Los Cisnes Projects
have successfully resulted in the discovery of three new high-grade gold-silver ("Au-Ag")
epithermal vein zones –Tranquilo (Sierra Blanca), Bagual and Potranca (Los Cisnes).
At Sierra Blanca (Figures 1-4), exploration activities have focused on drill target generation in
the extensive NW-trending Ana, Tranquilo, and Laguna "vein fields" and have resulted in the
discovery of previously unrecognised high-grade Au-Ag mineralisation at Tranquilo. Initial rock-
chip sampling along the Tranquilo vein has returned assays ranging from geochemically
anomalous to high-grade, with a best sample of
10 grams per tonne ("g/t") Au + 150 g/t Ag.
At Los Cisnes (Figures 1 and 5-6), two new high-grade gold-silver vein zones (Bagual and
Potranca) have been discovered immediately adjacent to the mineralised Brio structure. The
NE-trending Bagual vein/breccia system is currently known to extend over some
900m
in length,
with select rock-chip samples taken along the vein having returned gold-silver assays ranging
from geochemically anomalous to high-grade, with a best sample of
109 g/t Au + 1,031 g/t Ag
.
Gold and silver assays from the three rock-chip samples taken from the nearby N-S-trending
Potranca vein zone range between 0.3 g/t and
5.6 g/t Au,
and 7 g/t and
267 g/t Ag
.
Trenching is currently underway at both Los Cisnes and Sierra Blanca, with the primary
objectives being to improve our geological understanding of the poorer-exposed portions of the
principal veins and to test for potential extensions to the newly-discovered high-grade
mineralisation.
Eric Roth
, New Dimension's CEO, commented today: "I am very pleased to be reporting that
exploration activities at our Sierra Blanca and Los Cisnes projects have led to the discovery of three
previously-unrecognised, high-grade epithermal gold-silver vein zones: Tranquilo at Sierra Blanca,
Bagual and Potranca at Los Cisnes. The new discoveries are located in the immediate vicinity of
previously known mineralised veins, these being Chala-Achen and Lucila at Sierra Blanca and Brio at
Los Cisnes. The emergence of these new discoveries continues to demonstrate the significant
upside potential of our
Santa Cruz
portfolio, which we will continue to unlock through ongoing
exploration and drill target generation activities".
Link to figures:
https://newdimensionresources.com/site/assets/files/13136/2019_03_santa_cruz_update_figs.pdf
Sierra Blanca Project
The Sierra Blanca Project is an advanced, high-grade Au-Ag project located approximately 40km
NW of AngloGold Ashanti's
Cerro Vanguardia
gold-silver mine. Previous exploration by Mariana
Resources Ltd identified in excess of 22km of cumulative vein strike length at Sierra Blanca,
however, many veins extend under post-mineralization cover and therefore total strike lengths are
likely to be understated. Most of the previous work (completed pre-2012) at Sierra Blanca was
focused on the E-W-trending Chala-Achen and Lucila vein systems, with high-grade silver values
having been derived from surface trenching at Chala-Achen (including
9.4m
@ 2,362 g/t Ag; source
Mariana Resources Ltd). Significant gold-silver values were also derived from initial drilling at Chala-
Achen, including 3m@ 9.5 g/t Au + 28 g/t Ag in drill hole CHD-61.
Recent field mapping/sampling programs at Sierra Blanca have been focused on the underexplored
Ana, Tranquilo, and Laguna "vein fields", and have resulted in the discovery of previously
unrecognised high-grade Au-Ag mineralisation at Tranquilo. Initial rock-chip sampling from along the
Tranquilo vein has returned assays ranging from geochemically anomalous to high-grade, with a best
sample of
10 g/t Au + 150 g/t Ag.
In addition, extensive pathfinder element haloes (e.g. arsenic)
exist around the principal veins and may be indicative of further high-grade precious metal
mineralization in the sector. In addition to positive geochemistry, the orientation of these veins is
particularly noteworthy, as in most precious metals deposits in the Deseado Massif northwest is the
preferred structural orientation for the localization of high-grade precious metals shoots. Drill target
definition continues at Sierra Blanca and will be achieved through a combination of low-cost
geological mapping/sampling, vein texture analysis, and trenching.
Los Cisnes Project
Recent exploration activities have resulted in the successful definition of two new high-grade Au-Ag
vein zones (Bagual and Potranca; Figures 5&6) at the Los Cisnes Project, which is located
approximately 75km southwest of Yamana Gold Inc's high-grade
Cerro Moro Au-Ag
mine. The two
newly discovered zones at Los Cisnes lie immediately to the southwest of the high-grade Brio
structure, on which the Company completed a total of 16 diamond drill holes for
1,564m
in 2018.
The 2018 drill campaign successfully identified down-dip extensions to the known high-grade silver
mineralization in the LCsD-09 sector (drill intercept of
2.9m
@ 755 g/t Ag from
32.1m
downhole),
with the mineralised "shoot" currently remaining open at depth (see Company News Release dated
July 26
th
, 2018).
The NE-trending Bagual vein/breccia system extends over some
900m
in length and occurs near the
geological contact between a rhyolite dome and ignimbrites. Initial sampling has returned gold-silver
assays ranging from geochemically anomalous to high-grade, with a best sample of
109 g/t Au +
1,031 g/t Ag
. The nearby Potranca vein is N-S-trending, currently known to be exposed over a
strike length of
300m
, and is hosted entirely within ignimbrites. Initial sampling from the Potranca
vein zone has returned high-grade gold and silver assays ranging between 0.3 g/t and
5.6 g/t Au
,
and 7 g/t and
267 g/t Ag
, respectively.
Additional mapping/sampling and trenching is currently being undertaken at Bagual and Potranca in
order to obtain a better understanding of both the geology of, and delineate potential lateral
extensions to, the newly discovered mineralisation. The current interpretation is that the Bagual and
Potranca mineralisation represent cross-cutting structures to the original Brio vein, which may have
significant implications on the upside potential of the Los Cisnes property.
Quality Assurance / Quality Control (QA/QC)
New Dimension applies industry-standard exploration sampling methodologies and techniques. All
soil, stream, and rock samples are collected under the supervision of the Company's geologists and
in accordance with best industry practices. All rock samples from the Sierra Blanca and Los Cisnes
projects were dispatched to
Alex Stewart's
sample preparation facility in
Puerto San Julian
, with
pulps subsequently being sent to the Alex Stewart's accredited analytical lab in Mendoza. All
geochemical assays are subject to quality assurance / quality control programs using a combination
of internationally-recognized standards, duplicates, and blanks, as provided by both
Alex Stewart
and the Company.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
___________________________
Eric Roth
, Ph.D., FAusIMM
President & CEO
About New Dimension Resources
New Dimension is engaged in the acquisition, exploration, and development of quality mineral
resource properties throughout the Americas, with a focus on high-grade precious metals deposits.
The Company's current focus is on the discovery of new high-grade gold-silver resources at its
100%-owned Las Calandrias, Los Cisnes and Sierra Blanca projects, all located in the highly
prospective Deseado Massif of
Santa Cruz Province
, southern
Argentina
. The Company also holds
an option to earn-in to a 100% interest in the
Savant Lake
gold project in
Ontario
, together with an
active 29.56% JV interest (with Yamana Gold) in the Domain gold project in
Manitoba
.
Qualified Persons and Disclosure Statement
The technical information in this news release has been prepared in accordance with Canadian
regulatory requirements set out in NI 43-101, and approved by
Eric Roth
, the Company's President
& CEO, a director and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic
Geology from the University of
Western Australia
, is a Fellow of the Australian Institute of Mining and
Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has
over 25 years of experience in international minerals exploration and mining project evaluation.
Cautionary Notes and Forward-looking Statements
This news release contains forward-looking information within the meaning of applicable securities
legislation. Forward-looking information is typically identified by words such as: believe, expect,
anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature,
refer to future events. Such statements include, without limitation, statements regarding the future
results of operations, performance and achievements of New Dimension, including the timing,
completion of and results from the exploration and drill programs described in this release.
Although the Company believes that such statements are reasonable, it can give no assurances
that such expectations will prove to be correct. All such forward-looking information is based on
certain assumptions and analyses made by New Dimension in light of their experience and
perception of historical trends, current conditions and expected future developments, as well as
other factors management believes are appropriate in the circumstances. This information,
however, is subject to a variety of risks and uncertainties and other factors that could cause actual
events or results to differ materially from those projected in the forward-looking information.
Important factors that could cause actual results to differ from this forward-looking information
include those described under the heading "Risks and Uncertainties" in New Dimension's most
recently filed MD&A. New Dimension does not intend, and expressly disclaims any obligation to,
update or revise the forward-looking information contained in this news release, except as required
by law. Readers are cautioned not to place undue reliance on forward-looking information.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
SOURCE
New Dimension Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/March2019/07/c0858.html
%SEDAR: 00023195E
For further information:
New Dimension Contacts: Eric Roth, Email:
[email protected], Karen Davies, +1 604-314-2662
CO: New Dimension Resources Ltd.
CNW 20:45e 07-MAR-19