New Dimension Resources Expands Land Position
VANCOUVER, BC - New Dimension Resources Ltd. reported a significant expansion of the Company's Savant Lake gold property via strategic staking of 104.3 square kilometers of contiguous claims. The expanded claim position represents a 125% increase to the now 187.8 square kilometer property. The new claims were acquired to cover additional high priority, preliminary airborne geophysical anomalies that lie outside of or overlap the boundaries of the original claim block. The targets were derived from a 925 line kilometer VTEM airborne geophysical program recently conducted over the property.
"While final data processing and interpretation continues, the preliminary results from the airborne survey have outlined numerous anomalies and emerging trends," stated Fred Hewett, President and CEO of New Dimension. "This massive expansion to the Savant lake project secures New Dimension's solid position in this exciting new district."
The completed airborne geophysical survey was designed to identify possible gold-bearing sulfide horizons and favorable structural environments within iron formation stratigraphy of the Savant Lake Greenstone Belt. The survey will also potentially identify precious metal-rich volcanogenic massive sulphide (VMS) deposits. Final data processing and interpretation of the airborne geophysics is underway.