TSX-V: NDR New Dimension Resources Ltd. 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 . The Company holds the right to acquire 100% interests in the Scandinavian Projects pursuant to an option and purchase agreement with EMX Royalty Corporation . The Company is also pleased to report that [...]
New Dimension Resources is pleased to announce that it has executed an earn-in agreement with Ethos Gold Corp. 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 of underexplored but highly prospective stratigraphy for [...]
New Dimension Resources Ltd. further to the Company's news release of September 8, 2020 wherein it announced the settlement of $512,722 indebtedness by the issuance of 8,545,365 ordinary shares; today announced that it has settled Company indebtedness of C$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 [...]
New Dimension Resources 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 [...]
New Dimension Resources Ltd. 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 [...]
New Dimension Resources Ltd. is pleased to announce that it has now cemented its diversification strategy by executing an option and purchase agreement with EMX Royalty Corporation 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. The Southern Gold Line project consists of a group of licences adjacent to Dragon [...]
New Dimension Resources Ltd. is pleased to announce: Commencement of a Private Placement financing for gross proceeds of up to a maximum of $3,700,000, 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 [...]
New Dimension Resources Ltd. announces that, due to the impact on normal working conditions and other restrictions caused by the COVID-19 pandemic, and pursuant to the blanket relief granted by the Canadian Securities Administrators, the Company will not file its quarterly financial statements for the period ending February 29, 2020, and the related Management Discussion and Analysis , as would otherwise be required by [...]
New Dimension Resources Ltd. is pleased to announce that it has successfully completed its earn-in to a 100% interest in the Savant Lake high-grade gold project in northwestern Ontario. The Savant Lake project covers 20,270Ha of underexplored but highly prospective Archean stratigraphy for the discovery of both high-grade, iron formation-hosted gold deposits, and base metal-rich massive sulfide deposits. Seven priority [...]
Austral Gold Limited and New Dimension Resources Ltd. are pleased to announce that they have entered into an agreement for Austral to purchase an 80% interest in New Dimension's Sierra Blanca gold-silver project in Santa Cruz Province, Argentina for US$800,000 in cash and work commitments, with a 'follow-on' option to purchase the remaining 20% interest for an additional US$2,300,000 in cash and work commitments as [...]
New Dimension Resources Ltd. notes Yamana Gold Inc.'s recent announcement in which it provides an update for exploration activities on its pipeline of highly-prospective gold projects, including the Domain Joint Venture in Manitoba. The Domain JV is held 70.4% by Yamana and 29.6% by New Dimension, with Yamana being the Project Operator. The Domain JV claims total 576 hectares and cover an area in which 62 holes / 9,660m [...]
New Dimension Resources Ltd. is pleased to provide an update on ongoing exploration activities at its recently-expanded Savant Lake gold project in northwestern Ontario, and the high-grade Sierra Blanca silver-gold project in Santa Cruz province, Argentina. Recent activities at both projects have focused on completing drill target generation programs, with seven broad priority target areas having been delineated at Savant [...]