New Dimension Resources Ltd. (TSX VENTURE:NDR) has reported it has been notified by its Peruvian legal counsel that final title confirmation has been received by Minera NDR Peru S.A.C. for an 800 hectare concession within the Company's Cenepa gold project, located in northern Peru.
The Property is situated adjacent to the Kinross Gold Corp. ("Kinross") Condor Project and Fruta Del Norte gold deposit in Ecuador.
NDR Peru now holds title to nine key concessions and anticipates receiving the final title for the last remaining original concession shortly.
About the Cenepa Gold Project
The Property totals over 9,000 hectares in northern Peru along its border with Ecuador and covers the southern 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, situated in Ecuador, near the Peruvian border, was acquired by Kinross in September 2008 and hosts a NI 43-101 compliant Inferred Mineral Resource at the Fruta del Norte deposit of 13.7 million ounces of gold. 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 Kinross' Condor Project is the Aquas Mesas Sur prospect, which includes an announced drill intercept of 51.1 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 Property.
Although there has been very limited exploration in Peru where the Condor Project mineral trend crosses the border, the Company believes the Property is geologically highly prospective 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.
Source: New Dimension Resources Ltd.