The Conversation (0)
New Dimension Commences Drilling on the Savant Lake Gold Project
Mar. 07, 2017 08:36AM PST
Precious Metals InvestingNew Dimension Resources (TSXV: NDR) (the “Company” or “New Dimension”)announces that a Phase I drill program has commenced at its Savant Lake Gold Project located approximately 240 kilometres northwest of Thunder Bay, Ontario. The Company’s ongoing 2000 metre core program will test approximately 8 to 10 priority targets of the 18 total targets developed in …
New Dimension Resources (TSXV: NDR) (the “Company” or “New Dimension”)announces that a Phase I drill program has commenced at its Savant Lake Gold Project located approximately 240 kilometres northwest of Thunder Bay, Ontario.
The Company’s ongoing 2000 metre core program will test approximately 8 to 10 priority targets of the 18 total targets developed in 2016 from ground exploration and airborne geophysical programs. Equity Exploration Consultants of Vancouver will manage this work with assistance from Clark Exploration of Thunder Bay. Results will be released as they are received and compiled.
As quoted in the press release:
The Savant Lake property covers a classic iron formation setting with associated gold occurrences within a prospective greenstone belt in northwestern Ontario. The property hosts multiple gold occurrences that have returned values as high as 138.9 g/t gold from exposed outcrops. The Company believes the geologic setting at Savant Lake is analogous to Goldcorp’s Musselwhite Mine (located some 200 km. to the north) as well as Agnico Eagle’s Meadowbank Mine and newly discovered Amaruq deposit in Nunavut.
