VANCOUVER, BRITISH COLUMBIA, Feb. 22, 2010 (Marketwire) -- New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") is pleased to provide an update on the Cenepa gold project in northern Peru, which covers the very attractive geological terrain adjacent to the Kinross Gold Corp. ("Kinross") Fruta del Norte gold deposit in Ecuador (click to view map: http://www.newdimensionresources.com/i/maps/Cenepa/2010-01-05_Geology.jpg).
Minera NDR Peru ("NDR Peru"), the Company's 100%-owned Peruvian subsidiary, continues with its initial exploration program on the Cenepa concessions using local prospectors and others who have detailed knowledge of access to the area. The program is designed to provide the Company with basic geological information of the Cenepa concessions and a basis on which to build a more extensive exploration program in the near future once title to all concessions is obtained and any necessary permission for exploration is received.
The program will also provide NDR Peru with an opportunity to develop a respectful dialogue with indigenous people and residents in the area; a strategy consistent with the Company's commitment to full and open communication with all appropriate federal and local governments and non-government personnel as its evaluation of the Cenepa concessions evolve.
See also the Company's news release dated January 18, 2010 for additional information on the Company's ongoing work program.
The Cenepa Project is comprised of ten mining concessions totaling approximately 9,000 hectares in northern Peru along its border with Ecuador. The Company has verified title for six concessions and anticipates receiving title to the remaining four concessions shortly.
The Cenepa concessions, staked by NDR Peru in 2006, cover the projection of a 20 kilometre long north-south trending mineral belt that includes Kinross' Fruta del Norte gold deposit with published total resources (M+I+I) in December 2009 of 11.8 million contained ounces of gold averaging 9.2 g/t gold.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by Thomas Burkhart, the Company's Vice President of Exploration, a director and a Qualified Person under NI 43-101.
About New Dimension Resources
New Dimension is engaged in the acquisition, exploration and development of quality exploration opportunities throughout the Americas. In addition to the Cenepa gold project located in northern Peru, the Company also maintains several key mineral properties situated in Nevada, Canada and South America.
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.