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 a 963 hectare concession as part of the Cenepa gold project located in northern Peru, and adjacent to the Kinross Gold Corp. Condor Project and Fruta Del Norte gold deposit in Ecuador
NDR Peru now holds title to eight key concessions and anticipates final title for the remaining two original concessions shortly.
NDR Peru is currently reviewing data complied from its most recent exploration program at Cenepa. The program focused on geological mapping, prospecting, rock and stream sediment sampling and was successful in providing the Company with additional geological information that will aid in the identification and prioritization of potential drill targets on the Property. Results of the program will be released as they become available.
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.