New Dimension Resources Ltd.

New Dimension Resources Ltd.

March 03, 2008 09:00 ET

New Dimension Resources Commences Drill Program on Blackrock Project, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2008) - New Dimension Resources Ltd. (TSX VENTURE:NDR) is pleased to report that a drill has been mobilized to commence a minimum of 1,000 metres of reverse circulation drilling on its Blackrock gold-silver project located in the Como mining district of western Nevada. 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. Reported surface sampling on the property has returned anomalous to significant precious metal values along its entire strike length. The drill program will focus on the southernmost 300 metre segment of the vein and consist of 12 to 15 angle holes placed along the vein trend to penetrate the steeply dipping structure at multiple levels.

The Blackrock Project is well positioned within a highly mineralized metallogenic province of Nevada and sits within a geologically similar setting to the famous Comstock mining district located 19 kilometres to the northwest. The main vein zone on the property strikes northeasterly and dips steeply to the east. Surface sampling on the vein by other parties reported anomalous to ore grade gold-silver mineralization along its entire length. Of the 179 samples taken from the vein system by various other companies (excluding a 60 g/t gold high value), the average gold grade is 0.89 g/t gold. Of these samples, 28 exceed 1.00 g/t gold and average 4.44 g/t gold. All the sample data was compiled by the property vendor and sourced from various project reports completed on the Blackrock property.

The Blackrock vein system consists of sub-parallel zones of banded quartz veins, stockworks and silicified breccia. The thickness of the vein varies along strike from 4 to 15 metres. Vein textures demonstrate repeated episodes of veining, brecciation and silicification. It is the Company's opinion that the vein has clear potential for hosting bonanza grade underground mineable gold and silver mineralization.

Dimension Resources (USA) Inc., a wholly owned subsidiary of New Dimension Resources Ltd., can earn a 100 percent interest in the property, subject to a sliding scale royalty based on the price of gold, by making cash payments aggregating US$200,000 and issuing 250,000 common shares in the capital of NDR over a five year period.

Company exploration programs are under the supervision of Thomas Burkhart, the Company's Vice President of Exploration and Director, a Qualified Person under NI 43-101. The Company maintains a quality control program consistent with industry standards.



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 the Company's Sedar filings for a more detailed discussion of factors that may impact expected results.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • New Dimension Resources Ltd.
    Fred Hewett
    (604) 687-7545 or 1-888-338-2200
    New Dimension Resources Ltd.
    Brad Kopp
    Manager, Corporate Development
    (604) 687-7545 or 1-888-338-2200
    (604) 689-5041 (FAX)