New Dimension Options San Francisco Property

VANCOUVER - New Dimension Resources Ltd. reported that it has entered into an option agreement to acquire an interest in the San Francisco property in central Nevada. The San Francisco property, owned by Gold Summit Corporation adjoins New Dimension's Reese River silver-gold project and covers the projection of priority targets on the Reese River property. The Company considers the acquisition to be important in evaluating the full potential of the large Reese River mineralized system and, in management's opinion, increases the possibility of defining a significant tonnage of potentially economic silver and gold mineralization.
New Dimension's Reese River Project is comprised of the New York Canyon and Amador Canyon mineralized zones. At New York Canyon, significant historic silver production came mainly from northwest striking, northeasterly dipping veins and breccias concentrated at or near the contact between older sediments and younger intrusive rocks. The veins, breccias and disseminated mineralization in the surrounding wall rocks provide an attractive exploration target within a large contact area. This favorable contact zone extends northerly into the San Francisco claims and therefore is an important area to drill-test and evaluate the down dip potential of the New York Canyon targets.
At Amador Canyon, easterly-trending mineralized fault zones project onto the San Francisco claims, as does a recently identified gold target, where two isolated outcrops, exposed through surface cover, assayed 9.83 and 4.83 g/t gold from one metre rock chip samples.
Based on information provided by Gold Summit, the San Francisco claims cover the source area of one of the most prominent arsenic, antimony, silver and gold stream sediment anomalies in central Nevada, as well as being located at the intersection of pronounced northwest and northeast linear trends of prominent stream sediment anomalies identified previously by the U.S. Geological Survey. These factors, plus the widespread occurrence of veins and structural zones that host gold and silver values, strongly suggest that a large hydrothermal system underlies the area. Once weather conditions allow, New Dimension plans a detailed surface mapping and sampling program on the San Francisco claims to better prioritize potential drill targets.
The company's address is Suite 860 - 625 Howe Street, Vancouver BC V6C 2T6, (604) 687-7545, fax: (604) 689-5041, email: [email protected], www.newdimensionresources.com.