Ethos Gold agreement for Savant Lake property 2020-10-22 14:56 MT - Property Agreement The TSX Venture Exchange has accepted for expedited filing documentation an option agreement dated Sept. 1, 2020, between the company and New Dimension Resources Ltd., whereby the company is acquiring a 70-per-cent interest in certain mining claims in Ontario, known as the Savant Lake gold project. Consideration is as follows: On signing, $50,000 cash and two million common shares; On Sept. 20, 2021, $50,000 cash, two million shares and $500,000 in work commitments; On Sept. 20, 2022, $50,000 cash, two million common shares and $1-million in work commitments; On Sept. 20, 2023, $50,000 cash, two million common shares and $500,000 in work commitments. Additionally, in the event that a mineral resource in excess of one million ounces of gold is defined on the property, Ethos will make payments to New Dimension of $50,000 cash and two million common shares of Ethos. For further information, please refer to the company's news release dated Sept. 21, 2020. © 2020 Canjex Publishing Ltd. All rights reserved.
New Dimension Provides Update on Scandinavian Gold and Copper Projects 2020-10-28 07:00 MT - News Release New Dimension Provides Update on Scandinavian Gold and Copper Projects Canada NewsWire VANCOUVER, BC, Oct. 28, 2020 TSX-V: NDR VANCOUVER, BC, Oct. 28, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", New Dimension" or "NDR") is pleased to report that it has successfully completed its on-site due diligence on the Løkken and Kjøli base metal projects in Norway and the Southern Gold Line project in Sweden (collectively, the "Scandinavian Projects"). The Company holds the right to acquire 100% interests in the Scandinavian Projects pursuant to an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSXV: EMX)(Figure 1) (refer to the Company's press release dated August 11, 2020). The Company is also pleased to report that field crews have been mobilized to all three projects with the objective of advancing priority targets to drilling. Project Highlights New Dimension has successfully completed on-site due diligence on the district-scale land holdings optioned from EMX around the past-producing Løkken and Kjøli copper-zinc(-silver-gold) deposits in central Norway and the Southern Gold Line gold project in central Sweden. Field crews have been mobilized to all three Scandinavian Projects, with the immediate focus being on: Prioritizing high-grade copper-rich massive sulfide ("VMS") targets at both Løkken and Kjøli for drilling. Previous targeting focused on the locations of mineral occurrences and high-conductivity anomalies in airborne electromagnetic data, with the current work program further refining these targets through the acquisition of detailed ground magnetic data and select soil geochemical sampling. Approximately 4.5km of the prospective 15km strike length at Kjøli has now been covered by detailed ground magnetic data (Figures 2 & 3). Field crews were mobilized to Løkken in early October to undertake similar field programs. Planning is underway for a "bottom of till" auger drill program on the Rötjärnen claim at Southern Gold Line, where locating the source of gold-mineralized boulder trains remains a high priority. In parallel, a low-cost regional Bulk Leach Extractable Gold ("BLEG") sampling program continues on the 50,000 Ha property. The Company is adequately funded to advance the Scandinavian Projects to drilling after the completion of its recent financing. The Company intends to complete a technical report in compliance with National Instrument 43–101 ("NI 43-101") on one of the Scandinavian Projects; a technical report for Løkken has now been initiated and is expected to be filed by mid-November. Eric Roth, New Dimension's President and CEO, commented today: "I am very pleased to be reporting that our on-site due diligence of the Scandinavian Projects has been completed, and that field crews are now busy working on the advancement of our priority targets to drilling. I am particularly excited by the potential for new discovery at both Løkken and Kjøli, given that existing geological and geophysical datasets suggest numerous untested anomalies (including some "walk-up" drill targets) along strike from previous mining operations. At Southern Gold Line, our immediate focus is to locate the source of gold-mineralized boulder trains in the southernmost Rötjärnen claim. In parallel, a low-cost reconnaissance BLEG sampling program is being undertaken across the entire property. Having been on-site at all three properties, I can personally attest to the potential for significant discovery and upside therein for New Dimension. Aside from short term news flow from our three Scandinavian properties, I am also looking forward to keeping the market informed on advances made at our two high-grade gold Joint Venture projects - Domain (Yamana Gold JV) and Savant Lake (Ethos Gold JV) – as well as the recent Sierra Blanca divestiture (Austral Gold). The Company is now entering a phase of unprecedented exploration activity on a quality mix of high-grade gold and base metals projects." Link to figures: https://newdimensionresources.com/site/assets/files/13136/2020_10_scandinavia_acquisition.pdf Scandinavian Project Overview Kjøli Copper-Zinc(-Silver-Gold) VMS Project, Norway The Kjøli copper-zinc(-silver-gold) VMS project represents a district-scale (120 square kilometres, or 12,000 Ha) land position on the northern extension of the greater Røros district, which saw mining for over 300 years beginning in the mid-1600's. The Kjøli claims covers approximately 15 km of prospective stratigraphy extending north from the past-producing Killingdal mine, which operated from 1674 to 1986 and produced some 2.9 Mt @ 1.7% Cu + 5.5% Zn1 from one of Europe's deepest (1.4km) underground mines, and also covering the former Kjøli mine and numerous mineral occurrences in between. Recent field mapping and airborne geophysical surveys have identified numerous exploration targets on the Kjøli claim block that have not yet been followed up. In addition, a regional-scale thrust fault has superimposed post-mineralization sandstones over the mineralized volcano-sedimentary sequences in the western portion of the property, and the potential for the discovery of buried massive sulfide deposits beneath the thrust remains high. Field activities were initiated at Kjøli during September with ground magnetic and soil sampling surveys having now been completed over approximately 4.5km of the 15km of the prospective stratigraphy which hosts the historic copper mines and key mineral occurrences. Nearly 200 line kilometres of ground magnetic data have been acquired to date and 400 partial leach samples taken. Data from the ground magnetic survey is currently in the process of being processed and interpreted, with results from samples taken from the geochemical survey pending. 1 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. Løkken Copper-Zinc(-Silver-Gold) Project, Norway The Løkken copper-zinc(-silver-gold) project is located approximately 50km SW of the regional centre of Trondheim in central Norway. The Løkken claim block covers a total area of 210 square kilometres (21,000 Ha) and includes the former Løkken underground mine (which closed in 1987 in response to low metals prices), the associated historical mineral processing facilities, plus multiple satellite bodies of mineralization with varying degrees of development. Løkken is considered to be one of the largest ophiolite-hosted Cypress-type VMS deposits by tonnage to have been developed in the world and produced around 24Mt @ 2.3% Cu and 1.8% Zn (plus silver and gold credits)2. Historical records also suggest incomplete extraction of all high-grade copper-zinc blocks in the underground mining operation. Field work is currently in progress at Løkken and includes the undertaking of ground magnetic and soil geochemical surveys over key regional target areas, commencing with the Dragset target (Figures 4 & 5). In parallel, efforts to obtain and reprocess existing regional airborne electromagnetic datasets (key for modelling buried massive sulfide mineralization), together with the digitizing of former underground mine plans for Løkken, are in progress. The Company expects to be able to continue undertaking field activities at Løkken until the arrival of winter snows (likely late November), with the permitting of drill targets expected to be undertaken immediately thereafter. 2 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. Southern Gold Line, Sweden The Southern Gold Line project is located in north-central Sweden and consists of 500 square kilometres (50,000ha) of mineral claims located in the immediate vicinity of Dragon Mining Ltd's Fäboliden development project and Svartliden gold mine3 (Figure 6). The Southern Gold Line exploration concessions cover areas with similar geologic and structural settings to the Fäboliden deposit (orogenic gold deposits located at, or near, granitoid-greenstone contacts). Host rocks to the high-grade gold mineralization are Paleoproterozoic in age. Reconnaissance sampling and mapping programs are ongoing, with initial BLEG samples collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments. Planning for bottom of till / top of bedrock auger drilling in the highly prospective southern Rötjärnen claim, where gold mineralized boulder trains have been identified on surface, is underway with auger drilling currently expected to be undertaken in late 2020. 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 gold 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 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 precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Løkken and Kjøli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
New Dimension Signs Binding Letter of Intent with Cerrado Gold for Sale of Minera Mariana Argentina S.A. 2020-10-28 07:30 MT - News Release New Dimension Signs Binding Letter of Intent with Cerrado Gold for Sale of Minera Mariana Argentina S.A. Canada NewsWire VANCOUVER, BC, Oct. 28, 2020 TSX-V: NDR VANCOUVER, BC, Oct. 28, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV:NDR) (the "Company", New Dimension" or "NDR") is pleased to announce that it has entered in to a Binding Letter of Intent ("LOI") with Cerrado Gold Inc. ("Cerrado") for the sale of its 100% interest in its Argentine subsidiary, Minera Mariana Argentina S.A. ("Minera Mariana")(the "Transaction"). Minera Mariana is owner of the Las Calandrias and Los Cisnes gold-silver projects, in addition to an extensive portfolio of exploration concessions in the Eastern Deseado Massif, Santa Cruz Province, southern Argentina. The transaction is subject to successful completion of due diligence and is expected to close on or around November 30, 2020. Cerrado is owner and operator of the Minera Don Nicolas ("Don Nicolas") gold mine, a 1,000 tonne per day gold mining/processing facility located immediately adjacent to Minera Mariana's Las Calandrias project. Highlights of the Transaction New Dimension will receive USD 50,000 in cash within 10 days of signing of the Binding LOI. New Dimension will receive CAD 2.25 million in Cerrado shares. The exact price and number of shares to be issued will be calculated based on the price of Cerrado's shares as determined in anticipation of a concurrent financing with its planned listing on either the Toronto Stock Exchange or TSX Venture Exchange (expected to be completed by December 31, 2020). New Dimension will retain indirect exposure to future exploration and operational success at both Las Calandrias and Don Nicolas through its shareholding in Cerrado. Eric Roth, New Dimension's President and CEO, commented today: "I am very pleased to be announcing today the sale of our Argentine subsidiary, Minera Mariana, to Cerrado Gold. This agreement will allow the Las Calandrias project, in particular, to benefit greatly from the exploration and operational expertise of the Don Nicolas team, with its geographical proximity to Don Nicolas' current mining/processing operations at Paloma and Martinetas also providing Las Calandrias with synergies for potential future development. With the divestiture of Minera Mariana, the Company will now be able to focus its activities on advancing its recently acquired Scandinavian projects - the high-grade copper-rich Løkken and Kjøli massive sulfide projects in Norway, and the Southern Gold Line orogenic gold project in Sweden - as well as its two Canadian high-grade gold Joint Ventures - Domain and Savant Lake. With the Company's renewed focus on a quality mix of high-grade gold and copper projects in favourable jurisdictions within the northern hemisphere, I look forward to keeping the market informed as we advance our projects towards drilling." Las Calandrias Project Overview Las Calandrias is an advanced-stage gold-silver project located immediately adjacent to Don Nicolas' mining operations at Paloma and Martinetas. The project currently contains two main mineralized zones – i) the bulk-tonnage, dome-hosted Calandria Sur deposit and ii) the high-grade Calandria Norte and Morena vein/breccia zones. The Calandria Sur zone is located along the southern limit of the Company's claim block and extends across this boundary into Don Nicolas' claim block (where it is known as the Escondido mineralized zone). The high-grade Calandria Norte and Morena gold-silver vein/breccias lie along NE-trending structures in the central portion of the Las Calandrias claim block and were the focus of the Company's most-recent (2018) drilling. Further potential still exists to expand the known mineralized zones at Calandria Norte, Morena, and the sub-parallel Despreciada/Nido vein zones through drilling. 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 precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Løkken and Kjøli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
Cerrado’s resource inventory in Argentina reaches one million ounces of gold https://www.mining.com/cerrados-resource-inventory-in-argentina-reaches-one-million-ounces-of-gold/ MINING.COM Staff Writer | October 29, 2020 | 5:15 am Exploration Latin America Gold Cerrado Gold, a privately-owned Toronto-based mining and exploration company, announced that it has entered into a binding letter of intent with New Dimension Resources (TSXV: NDR) to acquire 100% of its Argentine subsidiary Minera Mariana Argentina S.A. To go ahead with the deal, Cerrado Gold will have to pay a purchase price of C$2.25 million payable in shares of Cerrado. The main assets owned by Minera Mariana are the Las Calandrias and Los Cisnes projects, located in the southern Santa Cruz province. In total, the projects consist of approximately 60,400 hectares with the bulk of the landholdings on the property adjacent to Cerrado’s Minera Don Nicolás gold mine. According to the Canadian miner, the acquisition of these projects implies the addition of 379,000 ounces of gold and six million ounces of silver in the indicated category and 42,000 ounces of gold and 401,000 ounces of silver in the inferred category, directly adjacent to Don Nicolás’ Escondido deposit. “The additional gold resource base increases our total resource inventory in the region to just under one million ounces in Argentina,” Mark Brennan, Cerrado’s co-chairman and CEO, said in a media statement. “This transaction will support, not only additional resources for the Don Nicolás mill but also support our ongoing review of the potential to use ore leaching of lower grade materials at the north of our property. We expect to complete these studies and complete an economic assessment early in the new year with the potential to increase our annual production rate by 20-30K ounces per year.” Note: As per NDR's news release from yesterday, Cerrado Gold will be listing either on the TSXV or TSX by the end of 2020.
New Dimension Resources October 30th 2020 Interview & Technical Charts http://www.kereport.com/2020/10/30/...rway-and-jv-deals-on-the-canadian-properties/ COMPANY UPDATES FROM MANAGEMENT – FRI 30 OCT, 2020 NEW DIMENSION RESOURCES – A RENEWED FOCUS ON GOLD AND COPPER IN SWEDEN AND NORWAY, AND JV DEALS ON THE CANADIAN PROPERTIES Eric Roth, President and CEO of New Dimension Resources (TSX.V: NDR) joins me for a comprehensive discussion on the new focus of exploration in Sweden and Norway. After selling the Company’s projects in Argentina and acquiring the 3 Scandinavian projects, 1 in Sweden and 2 in Norway, the Company has plans start drilling by next year. We also discuss the 2 Canadian projects that are under joint ventures with Yamana and Ethos Gold. If you have any follow up questions for Eric please email me at [email protected]. Technicals are showing a 96% overall buy rating: https://www.barchart.com/stocks/quotes/NDR.VN/opinion
Spoke to management and a new corporate website & presentation will be out shortly. This can help clarify the assets that New Dimension Resources owns. For a $11 million market cap company, if you compare it’s value to other gold/metal exploration companies, you’ll see how severely undervalued it is. Based on the most recent news and interview with CEO Eric Roth: - - $3 million CAD in cash - - (Savant Lake) - 2 million shares of ECC.V with cash (this has to be repeated for a few years, plus work commitments, 8 million shares total plus cash). ECC trades in the mid 20 cent range. - - (2 sold Argentina Assets) - 2.25 million shares of Cerrado Gold (Will trade around $0.50 based on news from their capital pool (BBA.P BB1 Acquisition Corp) - -Yamana joint venture with a very advanced, high grade gold project, 30% interest - -100% interest in 3 Scandinavian gold/metal projects that are next to old mines, meaning there is already work done, giving a higher chance of success. All 3 to be worked on. - -$800K work commitment / cash payment from AGLD.C for 80% of an Argentina asset, still retaining 20% which can be bought for $2.3 million So when you add up all the value and potential, New Dimension Resources should take at least double it’s current market cap before any results are even in. Cash equivalent value from ECC/Cerrado shares, plus what AGLD paid and money raised, is easily more than half of the current market cap. Here is some additional information to look at: From Yamana this week in their MD&A and new company presentation: Recently signed an exploration agreement with the Bunibonibee Cree Nation. Planning is underway to guide the consultation process for an initial field program in Q4 and an aggressive exploration effort in 2021 Link: https://s22.q4cdn.com/899716706/files/20201101-November-Corporate-Summary-FINAL.pdf Ethos recent company presentation that talks about Savant Lake: https://ethosgold.com/wp-content/uploads/2020/10/ECC-October-2020.pdf AGLD website (does not have an update presentation, but talks about the company): https://www.australgold.com/
New Dimension to change name to Capella Nov. 11 2020-11-06 07:59 MT - News Release Mr. Eric Roth reports NEW DIMENSION ANNOUNCES NAME CHANGE TO CAPELLA MINERALS After having received regulatory acceptance, the following corporate changes will take effect at market open on Tuesday, Nov. 10, 2020, for New Dimension Resources Ltd. Change of Name and New Trading Symbol: The Company will change its name to Capella Minerals Limited and will commence trading under its new name and stock trading symbol TSX.V-CMIL. The Company has no plans to change its current share structure, however, the Company's new CUSIP will be 13960M102 and ISIN CA13960M1023. The Company's new website will also be available at www.capellaminerals.com The Capella Minerals name reflects the next stage of the Company's growth strategy with a focus on the discovery of high-grade gold and base metals deposits in Canada and Scandinavia. The Company's active exploration portfolio includes three high-grade gold projects - the Domain and Savant Lake Joint Venture's in Canada, plus the recent Southern Gold Line acquisition in Sweden - and two high-grade copper assets - Lokken and Kjoli - located in past-producing mining districts in Norway. Eric Roth, New Dimension's President and CEO, commented today: "Given the Company's renewed focus on precious and base metals projects located in the Northern Hemisphere, the selection of the name Capella Minerals going forward is most appropriate. I am particularly excited by the potential for near-term discovery at both our Lokken and Kjoli projects, given the existence of numerous untested targets (including "walk-up" drill targets) along strike from previous mining operations. In addition, the Company holds direct interests in three high-grade gold projects - the Yamana Gold JV at Domain (Manitoba), the Ethos Gold JV at Savant Lake (Ontario), and our 100% interest in the Southern Gold Line project (Sweden) - all with significant upside potential. These exciting new brownfields projects and existing gold projects complement the Company's invigorated growth strategy of positioning itself for the current buoyant gold market as well as the potential uplift in future economic demand for attractive base metals, especially copper which is critical to the clean energy sector. I look forward to keeping the market informed as we move projects towards drilling and discovery." Incentive Stock Option Grant The Company also reports that the Board of Directors has granted an aggregate 4,980,000 incentive stock options to directors, officers, employees and key consultants to the Company. The stock options are exercisable at a price of $0.12 per share and will have a term of 3 years, expiring on November 4, 2023. Each stock option will allow the holder to purchase one common share of the Company. All stock options granted are subject to staged vesting periods. 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. 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 precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Lokken and Kjoli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
