New Dimension Resources Ltd.

New Dimension Resources Ltd.

July 07, 2010 08:00 ET

New Dimension Completes Strategic Review of Reese River Property, Nevada

Retains Claims Covering the Amador Canyon Gold Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2010) - New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension) announces that after a strategic review of the data from the 2009 two stage drill program completed at the Reese River property in Nevada, the Company and its partner International Minerals Corp. has elected to terminate the majority of its underlying agreements and return the claims to the vendors. New Dimension will solely retain an option on a number of claims in the Amador Canyon portion of the project which cover an area where two surface rock chip samples each measuring one metre in length and taken from separate outcrops 40 metres apart have reported assays of 9.8 g/t gold and 4.8 g/t gold. The claims will also cover drill-hole RR#14, which intersected noteworthy silver mineralization within a wide favourable alteration zone; highlighted by a value of 125 g/t silver over 1.5 metres. The zone remains open in all directions and represents an exploration target that warrants further evaluation for gold and silver.

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 Fred Hewett the Company's President & CEO, a director and a Qualified Person under NI 43-101.



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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • New Dimension Resources Ltd.
    Fred Hewett
    (604)687-7545 or (888)338-2200
    (604) 689-5041 (FAX)
    New Dimension Resources Ltd.
    Chris Curran
    (604)687-7545 or (888)338-2200
    (604) 689-5041 (FAX)