New Dimension Resources Ltd.
TSX VENTURE : NDR

New Dimension Resources Ltd.

November 02, 2009 11:18 ET

Drilling Intersects 84.7 g/t Silver at New Dimension's Reese River Silver Project, Nevada

Confirms importance of sediment / intrusive contact zone at New York Canyon

New target area identified at Amador Canyon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 2, 2009) - New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") reports that a 17 drill-hole Phase I Reverse Circulation drilling program totaling 1,900 metres has been completed on the Reese River silver project, near Austin in central Nevada.

The program was designed to test multiple targets within two priority exploration areas known as New York Canyon and Amador Canyon. No modern exploration or drilling had previously been conducted at New York Canyon and only minimal work at Amador Canyon.

Drilling was funded by International Minerals Corporation (TSX VENTURE:IMZ), which is earning an initial 60% interest in the project. The project is managed by New Dimension.

Highlights

The majority of drilling was conducted at New York Canyon where 11 drill-holes totaling 1,383 metres were completed (click here to view map:
http://www.newdimensionresources.com/i/images/reese/2009-10-21-New_York_Canyon_8x11.pdf).

Highlights of the program include an intersection in RR#6 grading 84.7 g/t silver over 4.6 metres that occurs within a 13.7 metre intercept grading 36.8 g/t silver.

This drill-hole was the only one that successfully reached the faulted contact between intrusive rocks and the overlying sediment, which the Company has proposed as the main conduit for New York Canyon silver mineralization. The mineralized intercept at this contact strongly supports the importance of this zone as a favorable ore horizon and further work is warranted (click here to view RR#6 cross section:
http://www.newdimensionresources.com/i/images/reese/2009-10-27_RR6_Section.pdf).

Program Summary

In total, three target areas were drilled at New York Canyon.

South Zone: Two drill holes (RR#5 and 6) were drilled to target the South Zone. The drill-hole intercept in RR#6 noted above occurs in siltstone within a faulted intrusive contact. A previous grab sample taken by the Company of a small mine dump on this contact situated 130 metres south of RR#6, reported 1,829 g/t silver and the hole was successfully positioned to test the continuity of this contact mineralization. This mineralization dips 20 to 40 degrees to the north and remains open down dip and on strike to the east and west. Unfortunately, drill-hole RR#6 was the only hole in the New York Canyon area that reached the priority contact zone target. A second hole (RR#5) which was also drilled on the South Zone was lost prior to hitting the intrusive but did intersect three zones of anomalous silver mineralization.

South Zone Table

Target
Name
Drill Hole
Number
Hole
Depth
(Metres)
Noteworthy
Results
From - To (Metres)
Intercept
(Metres)
Average
Grade Ag
g/t
South ZoneRR-6 152.442.7 to 85.442.74.33
   129.6 to 143.313.736.8
   inc.4.684.7
   inc.1.5182
 RR-5173.77.6 to 13.7 6.15.8
   48.8 to 62.513.75.4
   101 to 113125.8

Central Zone: Seven drill-holes were positioned to test the potential in the area where the majority of past production from New York Canyon has been reported.

Five holes (RR#1,8,9,10 and 11) encountered thick intervals with anomalous silver values and outlined a mineralized zone measuring approximately 250 long by 100 metres wide and averaging approximately 65 metres thick. This zone, which averages approximately 3.1 g/t silver, is elongated northwest, appears to be fairly flat lying and is open in all directions.

Of the two remaining holes, RR#3 was lost due to drilling problems and RR#7 hit old mine workings and no samples were recovered through the projected zone of mineralization.

Results from the Central Zone support the existence of a large mineralizing system and it remains a high priority to drill through this anomalous zone to test the underlying intrusive contact which is the key target at New York Canyon. Because the Central Zone mineralization appears nearly flat lying the reported thicknesses are close to true width.

Central Zone Table

Target
Name
Drill Hole
Number
Hole Depth
(Metres)
Noteworthy
Results
From - To (Metres)
Intercept
(Metres)
Average
Grade Ag
g/t
Central ZoneRR-1102.14.6 to 44.239.62.65
   44.2 to 50.36.115.12
   61.0 to 99.038.72.28
 RR-768.638 to 51.713.71.61
   52 to 597mine workings
   59 to 69102.51
 RR-8132.652 to 129773.64
 RR-9121.932 to 122902.54
 RR-1093.04.6 to 9388.43.25
 RR-11100.650 to 69193.89
   93 to 94.51.547.8

North Zone: Two additional drill holes, RR#2 and RR#4 were positioned on the North Zone structure but were lost before reaching target depth due to broken ground and high water flows.

The Amador Canyon area of the property is located approximately two kilometres to the northwest of New York Canyon (click here to view map:
http://www.newdimensionresources.com/i/images/reese/2009-03-17-ReeseRiverProjectClaim2.jpg).

Six drill holes totaling 517 metres were drilled to test three separate target areas.

Drill-hole RR#14 drilled within the East Zone intersected a wide zone of anomalous silver which included a 1.5 metre interval of 125 g/t silver. This hole was drilled beneath an area that had returned gold values of 9.8 g/t and 4.8 g/t gold from surface sampling and is situated approximately 300 metres along Amador Canyon to the east from the main area of historical silver production. Drilling did not intersect noteworthy gold values and further work is required to better understand the geometry of this occurrence.

The area contains virtually no outcrop and drilling here identified a previously unknown zone of potentially important silver hosted within a wide favorable alteration zone. The zone remains open in all directions.

A second hole in the area (RR#15) was lost at 32 metres and did not reach the mineralized horizon. The remaining four drill holes, RR#12, 13, 16 and 17 were positioned to test a steeply dipping manto style shear zone as well as the major easterly trending Amador Fault that has reported significant historical mining activity. All of these drill-holes encountered anomalous silver values with a high value of 52.5 g/t silver over 1.5 metres in RR#12.

Amador Canyon Table

Target
Name
Drill Hole
Number
Hole Depth
(Metres)
Noteworthy
Results
From - To (Metres)
Intercept
(Metres)
Average
Grade Ag
g/t
East ZoneRR-14111.315.2 to 24.3910.8
   33.5 to 91.559.54.29
   91.5 to 931.5125
   93 to 111.318.35.02
 RR-1532hole lost at 32 m no noteworthy values
Amador FaultRR-1271.616.8 to 22.96.112.16
   inc.1.552.5
 RR-1382.37.6 to 59.5523.05
 RR-1697.633.5 to 36.5314.6
Manto TargetRR-17111.37.6 to 12.24.68.8
   22.9 to 50.327.43.69
   88.4 to 89.91.526.0

The Reese River drill samples were transported to American Assay Labs in Sparks Nevada. Gold was analyzed using a 30 gram charge and fire-assayed with an atomic absorption analysis. Silver assays procedures used a 5 gram charge, acid digestion and atomic absorption analysis. The Company maintains a quality control program consistent with industry standards including submitting control samples and sample blanks for assay with drill samples. Approximately 10 percent of the samples are also randomly re-assayed. Company exploration programs are under the supervision of Thomas Burkhart, the Company's Vice President of Exploration.

Conclusions

This Phase I Reese River drill program was designed to test for bonanza-grade silver contained within known structures, investigate the possibilities of important wall rock mineralization adjacent to the vein structures and, at New York Canyon, to explore the contact zone between the sediments and the Austin Pluton that underlies the area.

The program unfortunately encountered persistent drilling problems due to broken ground condition and high water flows which precluded most of the holes from reaching their target depths.

Further exploration at Reese River is warranted and should include additional drilling to focus on the siltstone-intrusive contact area at New York Canyon with the construction of drill sites closer to the contact where it could be intersected at shallower levels. At Amador Canyon the results warrant step-out and deeper drilling to test the significance of drill-hole RR#14 and the wide anomalous zone of silver mineralization intersected by the drilling.

The program was funded by International Minerals Corporation ("IMZ") under the terms of Letter Agreement whereby IMZ can earn an initial 60% interest in the Reese River Project by undertaking an aggregate of US$1.0 million in exploration expenditures and maintaining the underlying property obligations over a four year period. IMZ can also acquire an additional 10% interest (for a total interest of 70%) by funding and completing a Feasibility Study within eight years (by August 1, 2017).

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Thomas Burkhart, the Company's Vice President of Exploration, a director and a Qualified Person under NI 43-101.

ON BEHALF OF THE BOARD

NEW DIMENSION RESOURCES LTD.

"Fred G. Hewett"
___________________________
Fred G. Hewett, P.Eng.
President & CEO

This news release may contain forward looking statements which are not historical facts, such as ore reserve estimates, anticipated production or results, sales, revenues, costs, or discussions of goals and exploration results, and involves a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, but are not limited to, metal price volatility, volatility of metals production, project development, ore reserve estimates, future anticipated reserves and cost engineering estimate risks, geological factors and exploration results. See New Dimension's filings for a more detailed discussion of factors that may impact expected results.

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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