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Road construction and drill site preparation has started, with drilling expected to commence within the third week of August.
The drill program at Reese River is being funded 100% by International Minerals under an agreement whereby it can earn an initial 60% interest by completing US$1.0 million in exploration expenditures and maintaining the underlying property obligations over a four year period. Exploration activities will be carried out by New Dimension with oversight by International Minerals.
ON BEHALF OF THE BOARD
NEW DIMENSION RESOURCES LTD.
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.
Contacts: New Dimension Resources Ltd. Fred Hewett (604) 687-7545 or (888) 338-2200 New Dimension Resources Ltd. Chris Curran (604) 687-7545 or (888) 338-2200 (604) 689-5041 (FAX) info@northair.com www.newdimensionresources.com
SOURCE: New Dimension Resources Ltd. and International Minerals Corporation
mailto:info@northair.com http://www.newdimensionresources.com
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