Nwdmf - New Dimension Resources (gold)

Discussion in 'Penny Stocks' started by Jon Alba, Jul 27, 2020.

  1. Jon Alba

    Jon Alba Senior Investor

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    NDR.V Due Diligence Report

    Price: $0.065
    Common Shares: 66.8 million
    Insider Holdings: 15% or 10 million (CEO owns roughly half)
    Institutional Holdings: 19.9% or 13.3 million (Sandstorm Gold - SSL.T)
    Options & Warrants: 11 million (Between $0.125-$0.25)
    Website: www.newdimensionresources.com

    Recent Company Presentation (June 2020): https://www.newdimensionresources.com/site/assets/files/13219/2020_06_ndr_final.pdf

    3 Projects in the books:

    1) Savant Lake - 100% Owned gold project in Ontario

    2) Domain Gold - 70/30% With Yamana Gold(YRI.T) - Yamana doing work here this year

    3) Argentina - 3 Different Properties (1 Recently sold for $800,000 US for 80% to AGLD.V)

    Company is looking to acquire other gold projects as we speak.

    All information on the projects/assets can be found on their recent company presentation.

    Spoke to IR and no rollback is being considered.

    Karen Davies
    VP Investor Relations
    New Dimension Resources Ltd.
    604.314.2662
    [email protected]
    TSX.V:NDR
     
  2. Jon Alba

    Jon Alba Senior Investor

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    NDR.V Property Ownership Breakdown

    NDR owns 5 properties, one of them already have a very valuable proven resource. Below is the breakdown as per their company presentation

    1) Savant Lake Gold Project(Owned 100%) - https://www.newdimensionresources.com/projects/canadian-projects/savant-lake-project/

    2) Domain Gold Project (Owned 30% / 70% Yamana YRI.T) - https://www.newdimensionresources.com/projects/canadian-projects/domain-project/

    3) Las Calandrias Project (Owned 100% - Has 400k ounces of Gold Proven) - https://www.newdimensionresources.com/projects/argentina-projects/

    4) Sierra Blanca Project (Owned 20% - Sold 80% Recently for $800,000 USD) - https://www.newdimensionresources.com/projects/argentina-projects/

    5) Los Cisnes Project (Owned 100%? Does not specify) - https://www.newdimensionresources.com/projects/argentina-projects/

    6) Company has mentioned in the last MD&A that they are looking for other gold assets.
     
  3. Jon Alba

    Jon Alba Senior Investor

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    Got a email reply from Karen(IR at NDR) this week and everything is moving ahead on all fronts. Yamana still wants to do a work program this fall, the sale of 80% of Blanca Sierra is moving forward, the company wants to drill Savant and they are also looking at other gold projects.

    Here are some additional articles and news from this year:

    Recent Ontario article about Savant Lake: https://www.northernontariobusiness...ill-ready-to-find-gold-at-savant-lake-2239432

    LMS.V Hits high grade gold beside one of NDR's leases in Argentina: https://www.globenewswire.com/news-...Fiorentina-Property-Santa-Cruz-Argentina.html

    Yamana Update: https://finance.yahoo.com/news/yamana-gold-provides-domain-joint-140000632.html

    Asset sale news: https://www.mining.com/austral-gold-expands-in-argentina/
     
  4. Jon Alba

    Jon Alba Senior Investor

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    See new information below. AGLD is acquiring a certain asset from NDR, which will make their Argentina land package much stronger. However, the strange thing about this situation is NDR has more gold/silver proven in Argentina compared to AGLD, yet it trades at 1/10th of the market cap and has a good balance sheet with many more deals and 1/10th the dilution in terms of common shares.



    Symbol AGLD
    Shares Issued 566,053,797
    Close 2020-07-29 C$ 0.20
    Recent Sedar Documents

    View Original Document
    Austral Gold files Q2 activity report

    2020-07-30 10:25 MT - News Release


    Mr. Stabro Kasaneva reports

    AUSTRAL GOLD ANNOUNCES FILING OF Q2 2020 QUARTERLY ACTIVITY REPORT

    Austral Gold Ltd. has filed its Q2 2020 quarterly activity report. The report is available under the company's profile on the Australian Securities Exchange website, SEDAR and on the company's website.

    About Austral Gold Ltd.

    Austral Gold is a growing gold and silver mining, development and exploration company building a portfolio of quality assets in Chile, the United States and Argentina.


    © 2020 Canjex Publishing Ltd. All rights reserved.

    Link and information pertaining to their news. Keep in mind that this is just 1 of 5 properties being worked on at the moment.

    https://www.australgold.com/wp-cont...eport-June-2020-Final-Version-30072020_-1.pdf

    Page 2: Entered into an agreement with New Dimension Resources (TSXV:NDR) for the

    acquisition of the Sierra Blanca gold-silver project located in Santa Cruz, Argentina

    as announced on 1 April 2020. Expect to close in Q3 2020.



    Page 4: Pingüino: No fieldworks activities to report during the quarter. The team began

    planning the exploration activities for Q3-Q4 2020 along with the anticipated

    exploration commitments at Sierra Blanca over the next 12 months.



    Page 11: Pingüino and Sierra Blanca Projects (Santa Cruz Cluster)

    Recent activities

    Austral and New Dimension Resources Ltd. (TSX-V:NDR) (“New Dimension”) entered into an

    agreement for Austral to purchase an 80% interest in New Dimension’s Sierra Blanca gold-silver

    project (the “Project”) in Santa Cruz Province, Argentina for US$800,000 in cash and work

    commitments in various installments throughout a 3-year period. The agreement also includes a

    ‘follow -on’ option to purchase the remaining 20% interest for an additional US$2,300,000 in cash

    and work commitments throughout an additional 2-years period. The transaction is subject to

    execution of a definitive agreement and certain undertakings from New Dimension and is expected

    to close during Q3 2020.

    With this transaction, Austral will expand the area of its Pingüino project by securing an additional

    7,000 hectares, resulting in a new exploration cluster in the Province of Santa Cruz. In addition, the

    exploration team carried out the inventory of the veins of both projects to design the next exploration

    campaign.
     
  5. Jon Alba

    Jon Alba Senior Investor

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    New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy

    2020-08-06 07:00 MT - News Release


    New Dimension Announces Private Placement Financing for the Purposes of Embarking on a new Diversification Strategy
    Canada NewsWire

    VANCOUVER, BC, Aug. 6, 2020





    /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./

    TSX-V: NDR

    VANCOUVER, BC, Aug. 6, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", "NDR", or "New Dimension") 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, highly prospective jurisdictions. Due diligence is currently underway on two regional opportunities.
    • NDR is seeking to enhance the Company's growth strategy following the initial diversification out of Argentina (Refer NR 1 April 2020).
    Subject to regulatory approval, New Dimension has initiated a Private Placement financing with a lead order from Palisades Goldcorp Ltd. The Company intends to complete a non-brokered Private Placement of up to 60,000,000 Units at a price of $0.06 per unit for gross proceeds of up to $3,700,000. Each unit will consist of one Common Share and one Share Purchase Warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at CAD $0.12 per share for a period of 36 months.

    Insiders will be participating in at least a minimum 9,000,000 shares.

    Proceeds from this Private Placement will be used to advance the Company's Canadian gold portfolio and to acquire and advance new high-grade gold and base metal projects in favourable jurisdictions, as well as for general working capital which includes settlement of current liabilities.

    The Company may pay finders fee's in either cash, shares, share purchase warrants or a combination thereof, as permitted by regulators, on a portion of the Private Placements. Closing of the Private Placement is expected to occur on or before August 19, 2020. All securities issued under the Private Placements will be subject to a hold period of four months from the date of issuance of the securities.

    This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

    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 precious and base metal deposits. The Company's current focus is on the discovery through exploration and drilling of high-grade gold deposits on its 100%-owned Savant Lake project in Ontario and 29.6% interest in the Domain JV in Manitoba.
     
  6. Jon Alba

    Jon Alba Senior Investor

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    Here is some information regarding Palisades Gorp Corp, which was referenced in New Dimensions news release today:

    Subject to regulatory approval, New Dimension has initiated a Private Placement financing with a lead order from Palisades Goldcorp Ltd. The Company intends to complete a non-brokered Private Placement of up to 60,000,000 Units at a price of $0.06 per unit for gross proceeds of up to $3,700,000. Each unit will consist of one Common Share and one Share Purchase Warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at CAD $0.12 per share for a period of 36 months.

    Insiders will be participating in at least a minimum 9,000,000 shares.

    Palisades website: https://palisades.ca/

    July 2020 company presentation: https://palisades.ca/wp-content/uploads/2020/07/Palisades-Gold-Deck.pdf
     
  7. Jon Alba

    Jon Alba Senior Investor

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

    https://www.yamana.com/English/inve...y-a-Further-12-to-0.07-Per-Share/default.aspx

    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.
     
  8. Jon Alba

    Jon Alba Senior Investor

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    New Dimension Acquires 3 High-Grade Gold and Copper Projects in Scandinavia

    2020-08-11 07:00 MT - News Release

    TSX-V: NDR

    VANCOUVER, BC, Aug. 11, 2020 /PRNewswire/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", New Dimension" or "NDR") is pleased to announce that it has now cemented its diversification strategy by executing an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSX Venture: EMX) 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 (Figure 1). The Southern Gold Line project consists of a group of licences adjacent to Dragon Mining Limited's Fäboliden gold development project, whilst the Løkken and Kjøli licences cover both past-producing, high-grade copper(-zinc-gold) mines as well as drill-ready regional exploration targets.

    Highlights of the Acquisition

    New Dimension to acquire 100% interests in three advanced-stage Scandinavian projects: the Southern Gold Line project in central Sweden, and the Løkken and Kjøli projects in central Norway.

    The Southern Gold Line project forms a group of licences surrounding the Fäboliden gold development project, and hosts both orogenic-style gold mineralization along granite-greenstone contacts as well as intrusion-related gold mineralization (Figure 2).

    Løkken and Kjøli are copper-rich, volcanogenic massive sulfide("VMS")-style projects. The past-producing Løkken mine (production ended in 1987) was known as one of the premier examples of a Cyprus-type copper-rich VMS deposit, with historical production estimated at 24Mt @ 2.3% Cu + 1.8% Zn (plus gold credits)1. Kjøli is located in the productive Røros mining district, which forms part of the renowned Røros-Tynset-Folldal belt of VMS deposits in central Norway (Figures 3-5).

    Significant upside potential for new discoveries in all properties, including "brownfields" discoveries around known mineral deposits and "greenfields" discoveries in satellite bodies.

    Both Sweden and Norway offer stable mining jurisdictions with competitive operating costs.

    Potential funding to be raised as announced August 6, 2020 will be primarily used to advance these properties to drill-ready status.

    Eric Roth, New Dimension's CEO, commented today: "I am very pleased to be reporting the acquisition of these three highly-prospective gold and copper properties in Sweden and Norway from EMX. The Southern Gold Line represents a highly underexplored extension of the Swedish Gold Line, and our focus here will be to advance targets hosting gold mineralization in similar geologic and structural settings to the adjacent Fäboliden deposit. At both Løkken and Kjøli, we are excited by the potential for new discovery given that VMS deposits typically occur in clusters and existing geological and geophysical datasets suggest numerous untested anomalies along strike from previous mining operations. Indeed, some of these anomalies represent "walk-up" drill targets for the Company and we look forward to drilling these as quickly as possible. I look forward to keeping the market informed as we move towards drilling on all three projects".

    1 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.

    Link to figures: https://newdimensionresources.com/site/assets/files/13220/2020-08-scandinavia-acquisition.pdf

    Acquisition Terms for 100% Interest in the Southern Gold Line, Løkken and Kjøli Projects

    New Dimension will pay EMX USD 25,000 in cash upon signing.

    Upon completion of all on-site Due Diligence (expected by September 1, 2020), an initial 12-month option period will begin, and the Company will issue EMX 3 million common shares of NDR.

    During the initial option period (September 1, 2020 to September 1, 2021), New Dimension will be required to invest a minimum of USD 100,000 in exploration in each of the three projects.

    Until NDR has completed financings to the value of CAD 4,500,000, EMX will retain a free-carried 9.9% shareholding in NDR. Afterwards, EMX retains the option to participate in future financings at its own discretion.

    During the second year from signing (September 1, 2021 to September 1, 2022), NDR will be required to invest a minimum of USD 500,000 on all three projects. During subsequent years, NDR will be required to drill a minimum of 1,000m on each project.

    From the second anniversary of signing (September 1, 2022), NDR will be required to make advanced royalty payments to EMX of USD 25,000 per project, increasing USD 5,000/year up until reaching a maximum of USD 75,000/year per project.

    NDR to make additional payments of USD 500,000 to EMX upon:

    The filing of a Preliminary Economic Assessment technical report

    The filing of a National Instrument 43-101 ("NI-43101) complaint feasibility study

    EMX to retain a 2.5% NSR in the projects, with 0.5% being purchasable for USD 1M within 6 years

    Scandinavian Project Overview

    Løkken Project, Norway. Løkken is considered to be the largest ophiolite-hosted Cypress-type VMS deposit to be developed in the world. Production at Løkken commenced in 1654 and continued until closure in 1987, producing some 24Mt @ 2.3% Cu and 1.8% Zn (plus gold credits)1, with multiple satellite bodies of mineralization that also saw varying degrees of development. Several zones of drill defined mineralization remain undeveloped in the district, where clear evidence is seen for mineralization developed in multiple stratigraphic horizons and along strike of the major deposits. Historic data sets also include extensive geophysical surveys, with multiple untested anomalies. The Løkken concessions cover approximately 210 square kilometers (21,000 Ha) of prospective stratigraphy along strike from the former mining operations.

    Both Løkken and Kjøli (see description below) are part of a broader geologic terrain that was originally linked geologically to the VMS districts in Newfoundland-New Brunswick-Maine and the Appalachian Mountains of North America. This terrain constitutes one of the most prolific VMS belts in the world.

    Kjøli Project, Norway. Like the Løkken District, the Kjøli Project represents an extensive trend of VMS-type occurrences and historic mines. Kjøli is positioned along the northern extension of the belt of VMS deposits in Norway that comprise the greater Røros district, which as seen mining for over 300 years beginning in the mid-1600's. The Kjøli project contains the Killingdal mine, which operated 1674-1986 and produced over 2.9 Mt @ 1.7% Cu + 5.5% Zn2. Recent airborne geophysical surveys identified numerous exploration targets on the Kjøli project that have not yet been followed up. The Kjoli Project covers an area of approximately 120 square kilometres (12,000 Ha).

    2 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.

    Southern Gold Line, Sweden. The Southern Gold Line project is located in central Sweden and consists of six prospective licenses in the vicinity of, and along trend of, Dragon Mining Ltd's Fäboliden development project3. The Southern Gold Line Project consists of over 500 square kilometres (50,000 hectares) of exploration concessions which cover areas with similar geologic and structural settings as the Fäboliden deposit. Reconnaissance sampling and mapping programs are ongoing in the area, with initial BLEG samples collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments.

    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 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"
     

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