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NDR.V - New Dimension Resources

Posted by ProfitableStocksOnly at Aug 9, 2020 12:08 PM | Report Abuse
2 comment(s). Last comment by ProfitableStocksOnly at Sep 30, 2020 4:45 PM
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151 posts

Posted by ProfitableStocksOnly > Aug 9, 2020 12:11 PM | Report Abuse

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


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.

151 posts

Posted by ProfitableStocksOnly > Sep 30, 2020 4:45 PM | Report Abuse

Lots of updates from New Dimension Resources. These can all be found on www.sedar.com or www.stockwatch.com

Summary below

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

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