New Dimension Resources Ltd. announced that a 5,000 meter diamond drill program has commenced on an initial four high grade gold-silver targets at its 100 percent-owned Las Calandrias and Los Cisnes projects in the Santa Cruz Province, southern Argentina.
New Dimension Resources Ltd. (TSXV: NDR) announced that a 5,000 meter diamond drill program has commenced on an initial four high grade gold-silver targets at its 100 percent-owned Las Calandrias and Los Cisnes projects in the Santa Cruz Province, southern Argentina.
Highlights are as follows:
- A 5,000 meters diamond drill program has commenced to evaluate the resource potential of four high-grade gold-silver targets at the company’s 100 percent-owned Las Calandrias and Los Cisnes projects. This “Phase I” drill program will commence at Los Cisnes and conclude at Las Calandrias.
- The Las Calandrias program will consist of 3,500 meters of diamond drilling, with a focus on three priority target areas: i) Calandria Norte, where drilling will test both lateral and down-dip extensions to the existing high grade gold-silver resource, ii) Morena, a sub-parallel gold-bearing vein structure to Calandria Norte but with only limited previous drilling at its southern end, and iii) Refugio, an undrilled vein target with favourable alteration and anomalous geochemical signatures at surface.
- The Los Cisnes program will consist of 1,500 meters of diamond drilling and will focus on the Brio structure with the aim of extending the high-grade silver(-gold) mineralization identified from a 2015 scout drill program.
Eric Roth, New Dimension’s CEO, commented:
I am delighted to announce the commencement of drilling on four high-grade gold-silver targets at our Las Calandrias and Los Cisnes Projects. The majority of previous work at Las Calandrias had focused on defining the bulk-tonnage, low-grade Calandria Sur deposit. In contrast, New Dimension sees tremendous opportunity to explore for additional high-grade gold mineralization around the Calandria Norte resource area, and the Morena and Refugio targets. At Los Cisnes, previous sampling and scout drilling identified high-grade silver mineralization in the Brio vein/breccia, and this program will seek extensions to this recently-discovered mineralization.
Results of this ongoing drill program will be released over the coming months, and will culminate in the preparation of an updated Mineral Resource Estimate (MRE) for the Las Calandrias project. This updated MRE is currently scheduled for release in mid-September, 2018. I look forward to keeping the market informed on progress as drilling advances.