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chiliandrillman
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NDR.V / NWDMF Due Diligence Report

Price: $0.065
Common Shares: 66.8 million
Insider Holdings: 15% or 10 million (CEO owns roughly half)
Institutional Holdings: 19.9% or 13.3 million (Sandstorm Gold - SSL.T)
Options & Warrants: 11 million (Between $0.125-$0.25)
Website: www.newdimensionresources.com
Recent Company Presentation (June 2020): https://www.newdimensionresources.com/site/assets/files/13219/2020_06_ndr_final. pdf

NDR owns 5 properties, one of them already have a very valuable proven resource. Below is the breakdown as per their company presentation

1) Savant Lake Gold Project(Owned 100%) - https://www.newdimensionresources.com/projects/canadian-projects/savant-lake-pro ject/
2) Domain Gold Project (Owned 30% / 70% Yamana YRI.T) - https://www.newdimensionresources.com/projects/canadian-projects/domain-project/
3) Las Calandrias Project (Owned 100% - Has 400k ounces of Gold Proven) - https://www.newdimensionresources.com/projects/argentina-projects/
4) Sierra Blanca Project (Owned 20% - Sold 80% Recently for $800,000 USD) - https://www.newdimensionresources.com/projects/argentina-projects/
5) Los Cisnes Project (Owned 100%? Does not specify) - https://www.newdimensionresources.com/projects/argentina-projects/
6) Company has mentioned in the last MD&A that they are looking for other gold assets.

Recent News:

New Dimension arranges $3.7-million private placement

2020-08-06 11:33 MT - News Release

Mr. Eric Roth reports

NEW DIMENSION ANNOUNCES PRIVATE PLACEMENT FINANCING FOR THE PURPOSES OF EMBARKING ON A NEW DIVERSIFICATION STRATEGY

New Dimension Resources Ltd. has noted:

Commencement of a private placement financing for gross proceeds of up to a maximum of $3.7-million, with a lead order from Palisades Goldcorp Ltd. and significant participation by management;
Proceeds will assist with advancing the company's existing Canadian gold portfolio, and the acquisition and advancement of new high-grade gold and base-metal projects in favourable, highly prospective jurisdictions. Due diligence is currently under way on two regional opportunities;
New Dimension is seeking to enhance the company's growth strategy following the initial diversification out of Argentina (refer to news release dated April 1, 2020).
Subject to regulatory approval, New Dimension has initiated a private placement financing with a lead order from Palisades Goldcorp. The company intends to complete a non-brokered private placement of up to 60 million units at a price of six cents per unit for gross proceeds of up to $3.7-million. Each unit will consist of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at 12 cents per share for a period of 36 months.

Insiders will be participating in at least a minimum nine million shares.

Proceeds from this private placement will be used to advance the company's Canadian gold portfolio, and to acquire and advance new high-grade gold and base-metal projects in favourable jurisdictions, as well as for general working capital, which includes settlement of current liabilities.

The company may pay finders' fees in either cash, shares, share purchase warrants or a combination thereof, as permitted by regulators, on a portion of the private placements. Closing of the private placement is expected to occur on or before Aug. 19, 2020. All securities issued under the private placement will be subject to a hold period of four months from the date of issuance of the securities.

About New Dimension Resources Ltd.

New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade precious and base metal deposits. The Company's current focus is on the discovery through exploration and drilling of high-grade gold deposits on its 100%-owned Savant Lake project in Ontario and 29.6% interest in the Domain JV in Manitoba.

We seek Safe Harbor.

Here is some information regarding Palisades Gorp Corp, which was referenced in New Dimensions news release today:

Subject to regulatory approval, New Dimension has initiated a Private Placement financing with a lead order from Palisades Goldcorp Ltd. The Company intends to complete a non-brokered Private Placement of up to 60,000,000 Units at a price of $0.06 per unit for gross proceeds of up to $3,700,000. Each unit will consist of one Common Share and one Share Purchase Warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at CAD $0.12 per share for a period of 36 months.

Insiders will be participating in at least a minimum 9,000,000 shares.

Palisades website: https://palisades.ca/

July 2020 company presentation: https://palisades.ca/wp-content/uploads/2020/07/Palisades-Gold-Deck.pdf


Yamana Update Regarding NDR Joint Venture Domain Property (July 23rd 2020)

https://www.yamana.com/English/investors/news/news-details/2020/Yamana-Gold-Repo rts-Second-Quarter-2020-Financial-Results-Strong-Cash-Flow-Generation-a-Further- Reduction-of-101-Million-in-Net-Debt-Jacobina-Phase-1-Expansion-Complete-Increas ing-Dividend-by-a-Further-12-to-0.07-Per-Share/default.aspx

Domain, Canada

The Domain project is located near Oxford Lake in northeast Manitoba, comprising a 20,000-hectare property that is 100%-controlled by the Company. Interpretation of regional airborne magnetics together with government geological survey till geochemistry support a highly prospective environment for folded iron formation hosted gold. The Company's property surrounds three claims totaling 576 hectares that are under a joint venture agreement with New Dimension Resources, which holds a 29.6% interest. The joint venture claims cover an area of historic drilling with significant gold intercepts hosted by iron formation that includes intervals reported by Rolling Rock Resources in 2008 and New Dimension Resources in 2017.

The Company recently signed an exploration agreement with the Bunibonibee Cree Nation (BCN) that provides a framework for a cooperative, mutually respectful agreement supporting the advancement of exploration within the Traditional Territory of the BCN while providing employment and business opportunities to the BCN.

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A proper due diligence will lead you into prosperity

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chiliandrillman
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New Dimension Acquires 3 High-Grade Gold and Copper Projects in Scandinavia

2020-08-11 07:00 MT - News Release

TSX-V: NDR

VANCOUVER, BC, Aug. 11, 2020 /PRNewswire/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", New Dimension" or "NDR") is pleased to announce that it has now cemented its diversification strategy by executing an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSX Venture: EMX) for the acquisition of 100% interests in the Southern Gold Line Project in central Sweden, and the Løkken and Kjøli copper-zinc-gold projects in central Norway (Figure 1). The Southern Gold Line project consists of a group of licences adjacent to Dragon Mining Limited's Fäboliden gold development project, whilst the Løkken and Kjøli licences cover both past-producing, high-grade copper(-zinc-gold) mines as well as drill-ready regional exploration targets.

Highlights of the Acquisition

New Dimension to acquire 100% interests in three advanced-stage Scandinavian projects: the Southern Gold Line project in central Sweden, and the Løkken and Kjøli projects in central Norway.

The Southern Gold Line project forms a group of licences surrounding the Fäboliden gold development project, and hosts both orogenic-style gold mineralization along granite-greenstone contacts as well as intrusion-related gold mineralization (Figure 2).

Løkken and Kjøli are copper-rich, volcanogenic massive sulfide("VMS")-style projects. The past-producing Løkken mine (production ended in 1987) was known as one of the premier examples of a Cyprus-type copper-rich VMS deposit, with historical production estimated at 24Mt @ 2.3% Cu + 1.8% Zn (plus gold credits)1. Kjøli is located in the productive Røros mining district, which forms part of the renowned Røros-Tynset-Folldal belt of VMS deposits in central Norway (Figures 3-5).

Significant upside potential for new discoveries in all properties, including "brownfields" discoveries around known mineral deposits and "greenfields" discoveries in satellite bodies.

Both Sweden and Norway offer stable mining jurisdictions with competitive operating costs.

Potential funding to be raised as announced August 6, 2020 will be primarily used to advance these properties to drill-ready status.

Eric Roth, New Dimension's CEO, commented today: "I am very pleased to be reporting the acquisition of these three highly-prospective gold and copper properties in Sweden and Norway from EMX. The Southern Gold Line represents a highly underexplored extension of the Swedish Gold Line, and our focus here will be to advance targets hosting gold mineralization in similar geologic and structural settings to the adjacent Fäboliden deposit. At both Løkken and Kjøli, we are excited by the potential for new discovery given that VMS deposits typically occur in clusters and existing geological and geophysical datasets suggest numerous untested anomalies along strike from previous mining operations. Indeed, some of these anomalies represent "walk-up" drill targets for the Company and we look forward to drilling these as quickly as possible. I look forward to keeping the market informed as we move towards drilling on all three projects".

1 Historic production values quoted for Løkken are from Grenne T, Ihlen PM, Vokes FM (1999) Scandinavian Caledonide metallogeny in a plate-tectonic perspective. Mineral Deposita 34:422–471, Neither NDR or EMX have performed sufficient work to verify the published data reported above, but both Companies believe this information to be considered reliable and relevant.

Link to figures: https://newdimensionresources.com/site/assets/files/13220/2020-08-scandinavia-ac quisition.pdf

Acquisition Terms for 100% Interest in the Southern Gold Line, Løkken and Kjøli Projects

New Dimension will pay EMX USD 25,000 in cash upon signing.

Upon completion of all on-site Due Diligence (expected by September 1, 2020), an initial 12-month option period will begin, and the Company will issue EMX 3 million common shares of NDR.

During the initial option period (September 1, 2020 to September 1, 2021), New Dimension will be required to invest a minimum of USD 100,000 in exploration in each of the three projects.

Until NDR has completed financings to the value of CAD 4,500,000, EMX will retain a free-carried 9.9% shareholding in NDR. Afterwards, EMX retains the option to participate in future financings at its own discretion.

During the second year from signing (September 1, 2021 to September 1, 2022), NDR will be required to invest a minimum of USD 500,000 on all three projects. During subsequent years, NDR will be required to drill a minimum of 1,000m on each project.

From the second anniversary of signing (September 1, 2022), NDR will be required to make advanced royalty payments to EMX of USD 25,000 per project, increasing USD 5,000/year up until reaching a maximum of USD 75,000/year per project.

NDR to make additional payments of USD 500,000 to EMX upon:

The filing of a Preliminary Economic Assessment technical report

The filing of a National Instrument 43-101 ("NI-43101) complaint feasibility study

EMX to retain a 2.5% NSR in the projects, with 0.5% being purchasable for USD 1M within 6 years

Scandinavian Project Overview

Løkken Project, Norway. Løkken is considered to be the largest ophiolite-hosted Cypress-type VMS deposit to be developed in the world. Production at Løkken commenced in 1654 and continued until closure in 1987, producing some 24Mt @ 2.3% Cu and 1.8% Zn (plus gold credits)1, with multiple satellite bodies of mineralization that also saw varying degrees of development. Several zones of drill defined mineralization remain undeveloped in the district, where clear evidence is seen for mineralization developed in multiple stratigraphic horizons and along strike of the major deposits. Historic data sets also include extensive geophysical surveys, with multiple untested anomalies. The Løkken concessions cover approximately 210 square kilometers (21,000 Ha) of prospective stratigraphy along strike from the former mining operations.

Both Løkken and Kjøli (see description below) are part of a broader geologic terrain that was originally linked geologically to the VMS districts in Newfoundland-New Brunswick-Maine and the Appalachian Mountains of North America. This terrain constitutes one of the most prolific VMS belts in the world.

Kjøli Project, Norway. Like the Løkken District, the Kjøli Project represents an extensive trend of VMS-type occurrences and historic mines. Kjøli is positioned along the northern extension of the belt of VMS deposits in Norway that comprise the greater Røros district, which as seen mining for over 300 years beginning in the mid-1600's. The Kjøli project contains the Killingdal mine, which operated 1674-1986 and produced over 2.9 Mt @ 1.7% Cu + 5.5% Zn2. Recent airborne geophysical surveys identified numerous exploration targets on the Kjøli project that have not yet been followed up. The Kjoli Project covers an area of approximately 120 square kilometres (12,000 Ha).

2 Historic production figures are from Birkeland, A. (1986) Mineralogisk og geokjemisk undersokelseav Killingdal gruver, Sor-Trondelag. M. Scient. Thesis, University of Oslo in Geological Survey of Finland, Special Paper 53 pg. 86.

Southern Gold Line, Sweden. The Southern Gold Line project is located in central Sweden and consists of six prospective licenses in the vicinity of, and along trend of, Dragon Mining Ltd's Fäboliden development project3. The Southern Gold Line Project consists of over 500 square kilometres (50,000 hectares) of exploration concessions which cover areas with similar geologic and structural settings as the Fäboliden deposit. Reconnaissance sampling and mapping programs are ongoing in the area, with initial BLEG samples collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments.

3 References made to nearby mines and analogous deposits provide context for the Southern Gold Line project, but are not necessarily indicative that the project hosts similar tonnages or grades of mineralization.

Qualified Persons and Disclosure Statement

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company's President & CEO, a director and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 25 years of experience in international minerals exploration and mining project evaluation.

On Behalf of the Board of New Dimension Resources Ltd.

"Eric Roth"

___________________________

Eric Roth, Ph.D., FAusIMM

President & CEO

About New Dimension Resources

New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration and discovery of high-grade gold deposits on its newly-acquired Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and 29.6% interest in the Domain JV in Manitoba (Canada). In addition, the Company has acquired a 100% interest in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway.

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A proper due diligence will lead you into prosperity

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chiliandrillman
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New article regarding Manitoba Gold Mines that mentions NDR.V: https://seekingalpha.com/article/4369617-manitoba-gold-mines-2019-actual-and-202 0-forecast-production-and-prospects

NDR.V August 2020 Company Presentation: https://www.newdimensionresources.com/site/assets/files/13219/2020_08_ndr_corpor ate_presentation-aug_13.pdf

Note: Does not mention any Argentina properties, but the company did say they were exiting Argentina. Have all 3 properties been sold? An “exit” was announced in the June 2020 company presentation.

NDR.V Technical Bar Chart: https://www.barchart.com/stocks/quotes/NDR.VN/opinion

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New Dimension Resources Closes Private Placement with lead order from Palisades Goldcorp

2020-09-08 07:00 MT - News Release


New Dimension Resources Closes Private Placement with lead order from Palisades Goldcorp
Canada NewsWire

VANCOUVER, BC, Sept. 8, 2020

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

TSX-V: NDR

VANCOUVER, BC, Sept. 8, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension") is pleased to announce the completion of its previously announced non-brokered private placement, for proceeds of $3,624,992, with a lead order from Palisades Goldcorp Ltd. The Company had anticipated a placement of 60,000,000 units for gross proceeds of $3,600,000, however, the Company has successfully completed the sale and conversion of 60,416,531 units. The units are comprised of one common share and one share purchase warrant entitling the holder to acquire one additional common share at $0.12 until expiry September 3, 2023. The warrants contain specific language restricting exercise that would create a new insider or control person.

Proceeds will be used for exploration activities and general working capital. The Company's immediate priorities will be to advance its recently-acquired Scandinavian projects (the Løkken and Kjøli high grade copper projects in Norway, and the Southern Gold Line Project in Sweden) to drilling. The Løkken and Kjøli licences both cover past-producing, high-grade copper(-zinc-silver-gold) mines as well as drill-ready regional exploration targets, whilst the Southern Gold Line project consists of a group of licences located adjacent to Dragon Mining Limited's Fäboliden gold development project and the Svartliden gold mine.

The Company paid an aggregate of $128,503.80 and issued 2,081,730 brokers warrants under the same terms and conditions of the unit warrants. All securities issued under the placement are subject to a four month hold period trade restriction expiring January 4, 2021.

Insiders of the Company participated in the Offering acquiring, directly or indirectly, an aggregate of 3,595,841 units representing 2.83% of the Company's issued and outstanding shares on an undiluted basis and 2.75% on a partially diluted basis. The participation by insiders in the private placement is considered to be a "related party transaction" as defined under Multilateral Instrument 61-101 ("MI 61- 101"). The transaction is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities being issued nor the consideration being paid exceeds 25% of the Company's market capitalization.

On Behalf of the Board of New Dimension Resources Ltd.

"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO

About New Dimension Resources

New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.

About Palisades Goldcorp Ltd.

Palisades Goldcorp Ltd. is Canada's new resource focused merchant bank. Palisades' management team has a demonstrated track record of making money and is backed by many of the industry's most notable financiers. With junior resource equities valued at generational lows, management believes the sector is on the cusp of a major bull market move. Palisades is positioning itself with significant stakes in undervalued companies and assets with the goal of generating superior returns.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

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New Dimension Resources - Shares for Debt

2020-09-08 07:30 MT - News Release


New Dimension Resources - Shares for Debt
Canada NewsWire

VANCOUVER, BC, Sept. 8, 2020

TSX-V: NDR

VANCOUVER, BC, Sept. 8, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension") wishes to announce that in an effort to conserve its capital and subject to regulatory approval, it has agreed to settle $512,721.92 of outstanding indebtedness to current and former insiders of the Company with the issuance of 8,545,365 common shares of the Company at a deemed price of $0.06 per share.

All proposed shares issued in settlement of debt will be subject to a hold period trading restriction expiring 4 months and 1 day after issuance.

On Behalf of the Board of New Dimension Resources Ltd.

"Eric Roth"

___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO

About New Dimension Resources

New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE New Dimension Resources Ltd.

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New Dimension issues 6.43M shares for debt of $385,963

2020-09-16 18:44 MT - News Release


Mr. Eric Roth reports

SHARES FOR DEBT SETTLEMENT

Further to the news release of Sept. 8, 2020, wherein New Dimension Resources Ltd. announced the settlement of $512,722 in indebtedness by the issuance of 8,545,365 ordinary shares, New Dimension has settled company indebtedness of $385,963 due to current and former insiders of the company with the issuance of 6,432,714 common shares of the company. The settled indebtedness consists of $45,582 in fees due to former directors of the Company; $47,500 due to the current CEO and outstanding debt balance of $292,881 which consists of full and partial payment of loans provided to the Company by current insiders. Any unsettled debt will be paid in normal course.

The shares issued in settlement are subject to a hold period trading restriction expiring on January 16, 2021.

About New Dimension Resources

New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its existing 100%-owned Savant Lake project in Ontario and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Lokken and Kjoli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.

© 2020 Canjex Publishing Ltd. All rights reserved.

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Page 38 of Yamana Gold's September presentation titled "upcoming catalyst" and an update on Domain in Q4, which starts in October. This is 1 of 8 projects NDR is part of.

https://www.yamana.com/English/investors/presentations/default.aspx

As well, the CEO, Eric Roth, updated his insider holdings last night, owning close to 7 million shares of NDR now. See Canadian Insider for filings: https://www.canadianinsider.com/node/7?menu_tickersearch=NDR+|+New+Dimension+Res ources

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New Dimension Options Savant Lake Gold Project to Ethos Gold
2020-09-21 07:00 MT - News Release
TSXV: NDR
VANCOUVER, BC, Sept. 21, 2020 /PRNewswire/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", or "New Dimension") is pleased to announce that it has executed an earn-in agreement with Ethos Gold Corp. (TSXV: ECC)("Ethos") in which Ethos may earn-in to a 70% interest in the Savant Lake project in return for staged cash and share payments to New Dimension and $C 2M of work commitments.
The Savant Lake project is located 240km NW of Thunder Bay, Ontario, and covers 22,900 Ha (229 square kilometres) of underexplored but highly prospective stratigraphy for the discovery of high-grade iron formation- and shear-hosted gold deposits. Exploration activities to date have focused on seven known iron formation-hosted gold occurrences, with the highest gold grade showings (Horseshoe, Snowbird, L28) having never been drill tested and the remainder inadequately tested by historical drilling (see Company New Releases dated November 21, 2018 and December 2, 2019). Airborne magnetic data also indicate that 60km of cumulative strike length of prospective, folded iron formations remain to be evaluated (with 90% of this strike length having either limited or no surface exposure). Shear-hosted gold occurrences have also been identified within flanking bimodal volcanic rock sequences.
Terms of the Agreement
Ethos may earn-In to a 70% interest in the Savant Lake property in return for the following cash and share payments to New Dimension and associated work commitments:
Cash Ethos Shares Work Commitment

On signing $50,000 2,000,000

September 20, 2021 $50,000 2,000,000 $500,000

September 20, 2022 $50,000 2,000,000 $1,500,000

September 20, 2023 $50,000 2,000,000 $500,000

Total $200,000 8,000,000 $2,000,000
In addition, in the event of a National Instrument 43-101 ("NI-43-101") compliant mineral resource of >1 million ounces of gold being defined on the property, then Ethos will make a further payment to New Dimension of $50,000 in cash and 2 million Ethos shares.
Eric Roth, New Dimension's CEO, commented today: "I am extremely pleased to be announcing this earn-in agreement with Ethos on our Savant Lake property. We have always been firm believers in the potential for a significant discovery at Savant Lake, and now in Ethos we have a strong partner with an impressive track record of discovery and the financial strength to move the project forward. Ethos's technical team is headed by Jo Price as VP Exploration, with Rob Carpenter - the former CEO of Kaminak Gold, which was acquired by Goldcorp in 2016 for $500 million - leading Ethos's Technical Advisory Group.
With day-to-day operations at both our Savant Lake and Domain projects now being managed by Joint Venture partners, this will allow us to focus on advancing our recently-acquired, high-grade Løkken and Kjøli copper projects in Norway and the Southern Gold Line project in Sweden towards drilling. I look forward to keeping the market informed on advances at all of our Canadian and Scandinavian projects".
About the Savant Lake Project
The Savant Lake project is located within the Archean-age Savant Lake-Sturgeon Lake greenstone belt, approximately 240 km NW of Thunder Bay and 240 km S of Newmont's operating Musselwhite mine1 (Proven and Probable Reserves at December 31, 2019: 9.9 MT @ 6.52 g/t Au for 2.09Moz Au2). The Company's mineral claims in the Savant Lake area total 229 square kilometres and cover meta-volcanic and meta-sedimentary rock sequences which are prospective for both iron formation ("Musselwhite-type")- and shear zone-hosted gold deposits, in addition to base metal-rich (copper-zinc-gold) massive sulfide ("VMS") deposits. The Company completed an initial 8 hole / 1,626 m diamond drill program at Savant Lake in 2017 on select geophysical targets in the northern part of the property, however, numerous high-grade gold targets in the central and southern portion of the property remain untested.
1 Mineralization hosted on adjacent and nearby properties is not necessarily indicative of mineralization that may be hosted on the Company's Savant Lake project. 2 Source: Newmont Reserve and Resource Statement: February 13, 2020.
Qualified Persons and Disclosure Statement
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company's President & CEO, a director and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 25 years of experience in international minerals exploration and mining project evaluation.
On Behalf of the Board of New Dimension Resources Ltd.
"Eric Roth"
___________________________
Eric Roth, Ph.D., FAusIMM
President & CEO
About New Dimension Resources Ltd
New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's current focus is on the discovery through exploration of high-grade gold deposits on its newly-acquired 100%-owned Southern Gold Line Project (Sweden), as well as on its Savant Lake project (Ontario) and its 29.6% interest in the Domain Joint Venture with Yamana Gold in Manitoba (Canada). In addition, the Company has acquired 100% interests in two large properties covering the past-producing Løkken and Kjøli copper-rich massive sulfide deposits in central Norway and in which drill-ready targets have already been identified.

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A proper due diligence will lead you into prosperity

Posts: 421 | From: Canada | Registered: Jun 2008  |  IP: Logged | Report this post to a Moderator
chiliandrillman
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NDR now has 3 JV partners:

- YRI.T (Yamana Gold) For Domain (70/30)
- AGLD.V (Austral Gold) for Santa Cruz (80/20)
- ECC.V (Ethos Gold) for Savant Lake (70/30)
- Two more Argentina Assets (one of them has a 43-101 indicated resource of 400k ounces gold & 10 million silver)
- 3 Newly acquired Scandinavian Gold/Silver/Copper assets that are located next to major producing mines

Company is well financed as of recent:
- $3.62M raised, insider and institutional participation
- $512K shares for debt, mostly insiders. They had the choice for a cash payment and chose shares
- $800K sale for 80% of Santa Cruz
- $2M sale for 70% of Savant Lake

Fair market cap value based on assets being worked on, cash in hand and potential, should be a minimum $26 million right now, or $0.20 a share. There are so many catalysts and ways for New Dimension Resources to prove up a property and bring shareholder value with 8 projects on the go.

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A proper due diligence will lead you into prosperity

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chiliandrillman
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New Dimension 6,432,714 shares for debt

2020-09-21 18:34 MT - Shares for Debt


The TSX Venture Exchange has accepted for filing the company's proposal to issue 6,432,714 common shares to settle outstanding debt for $385,963.

Number of creditors: five creditors

Insiders: Eric Roth, $96,721, 1,612,017 shares at six cents; Mary Little, $20,000, 333,333 shares at six cents; Sandstorm Gold Ltd., $223,660, 3,727,666 shares at six cents

The company shall issue a news release when the shares are issued and the debt extinguished.

© 2020 Canjex Publishing Ltd. All rights reserved.

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A proper due diligence will lead you into prosperity

Posts: 421 | From: Canada | Registered: Jun 2008  |  IP: Logged | Report this post to a Moderator
   

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