Final Drill Permits Received for New Dimension's Reese River Silver Project, Nevada
NWDMF | Quote | Chart | News | PowerRating -- New Dimension Resources Ltd. (TSX VENTURE: NDR | Quote | Chart | News | PowerRating), its wholly-owned
subsidiary Dimension Resources (USA) Inc. (the "Company" or "New
Dimension") and International Minerals Corp. (TSX: IMZ | Quote | Chart | News | PowerRating)
("International Minerals") are pleased to announce that final permits
have been received from the U.S. Forest Service to commence a 2,000
metre Phase I reverse circulation drill program at the Company's
Reese River silver project (the "Property" or "Reese River"), in
Nevada.
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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