VANCOUVER, BRITISH COLUMBIA, Jun. 3, 2010 (Marketwire) -- New Dimension Resources Ltd. (TSX VENTURE:NDR) (the "Company" or "New Dimension") is pleased to provide an update on the Cenepa concessions located within the highly prospective Cordillera del Condor mineral belt in northern Peru and adjacent to the Kinross Gold Corp. ("Kinross") Condor Project that encompasses the Fruta del Norte gold deposit in Ecuador. (click to view map: http://www.newdimensionresources.com/i/maps/Cenepa/2010-01-05_Geology.jpg).
New Dimension has been advised by its Peruvian legal council that three of the four concessions staked by NDR Peru currently awaiting title have received a favourable opinion from the necessary respective government departments. This is considered to be the final step in the process of granting full title to the concessions. Data related to the fourth concession has been published in the appropriate official publications and title documentation is proceeding. Title to all four concessions is anticipated shortly.
About the Cenepa Gold Project
The Cenepa Project totals over 9,000 hectares in northern Peru along its border with Ecuador. The property, staked by NDR Peru commencing in 2006, cover the projection of a 20 kilometre long north-south trending mineral belt that includes Kinross' Condor Project and the Fruta del Norte gold discovery.
The Condor Project is situated in Ecuador near the Peruvian border and was acquired by Kinross in September 2008 through the $1.2 billion dollar acquisition of Aurelian Resources Inc. The Kinross property includes a NI 43-101 compliant Inferred Mineral Resource at Fruta del Norte consisting of 58.9 million tonnes grading 7.2 g/t gold and 11.8 g/t silver containing 13.7 million ounces of gold and 22.4 million ounces of silver. Kinross currently has 4 drill rigs active on the project and have stated they intend to complete a pre-feasibility study in 2010.
Also within the Condor Project is the Aquas Mesas Sur prospect, which includes an announced drill intercept of 51.06 g/t gold over 9.2 metres. This prospect is the southern-most known gold occurrence within this newly emerging gold belt and is located only five kilometers north, and on trend with, NDR Peru's Cenepa concessions. Although there has been very limited work in Peru where the mineral trend crosses the border, the Company believes the area is geologically highly permissive for the discovery of significant gold deposits.
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 Fred Hewett the Company's President & CEO, a director and a Qualified Person under NI 43-101.
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.
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