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News

March 2019 - Additions as Corp Advisor and Qualified Persons (QP) for Projects

March 26, 2019 --- Subsequent to our Management Changes of December 20, 2018, we are happy to announce the following persons are assisting us as Corporate Advisor (Sveinson), and as QP for our Silver Queen Property (Hutter)  and as QPs for our Monument Diamond Property (Kivi and Rocco).

Frederick James Sveinson, B.A., B.Sc., P. Eng. - Mr. Sveinson is a professional mining engineer with more
than 45 years' experience in Canada and internationally in the exploration, development, construction, operation and financing of mineral projects. His experience includes the development and operation of underground mines from l0Otpd to 2000tpd in Zambia, USA, Venezuela and Canada including the Arctic. He has been involved in projects with major logistics challenges including construction and operation in remote areas requiring fly-in, fly-out camps with access via long winter roads and by air. Mr. Sveinson has been involved with negotiating Impacts and Benefits agreements with First Nations and training of aboriginals. He has held senior positions with major consulting firms and contractors such as SNC Lavalin Inc. and Dynatec Corp. Fred has been an entrepreneur and founder of several junior companies which have re-started Brownfield's sites or developed new mining operations. Mr. Sveinson is currently working as a Senior Mining Advisor/ Consultant via his wholly owned company, International Mine Builders Inc. where he is currently leading the resurrection of the historic Bralorne underground gold mine owned by Avino Silver & Gold Mines Ltd. in British Columbia. He is also a Founder and Director of First Vanadium Corp. which is developing a major Vanadium project in Nevada. He
also is a Director and Advisor to European Electric Metals which recently acquired the Skroska Brownfields
underground Nickel-Cobalt mine in Albania which the company aims to return to production. Mr. Sveinson is a
graduate of the University of Saskatchewan in 1970 with a Bachelor of Science in Mining Engineering. He is
also a graduate of the University of Waterloo with a Bachelor of Arts in General Economics in 1985.

James Hutter, P. Geo., and independent Qualified Person re Silver Queen Project in British Columbia, has
a wide range of experience in the mineral exploration industry as a geologist, exploration contractor and
consultant for over forty years. He has specialized in the geology and mineral deposits of Northern BC,
including porphyry copper-moly-gold, porphyry molybdenum, and both precious and base metal vein
deposits, from grass roots exploration to pre-production programs. Mr. Hutter is focused on producing
reliable and accurate results to advance projects through the use of modern technology.


Kevin Kivi, P. Geo., and Independent Qualified Person ("IQP") has 35 years of mineral exploration
experience in search of diamonds, base and precious metals in Canada and other countries. He was a
member of Rio Tinto's Canadian diamond team at Lac de Gras from 1993 through discovery of the Diavik
Diamond Mine, and also built and managed the company's diamond laboratory in Thunder Bay. Kevin
became a consultant in 2004 and now explores for diamonds, gold and base metals with junior and private
companies. He is currently active exploring for gold in Finland and Ontario, exploring for Placer Gold in
the Klondike, Yukon, and exploring for diamonds in Ontario and Nunavut, and base metals in Ontario. Mr.
Kivi consults via KIVI Geoscience Inc. and conducts other business via Orebot Inc.


Justin Rocco, P .Eng. B.A.Sc. in Geological Engineering. - Mr. Rocco graduated from the University of
Toronto in 2003 and for the past 16 years has been in search for diamonds, base and precious metals
mainly in Canada. He was involved in the early stages and grassroots exploration of the Lac de Gras
region in the Northwest Territories with SouthernEra Resources. He also explored for diamonds
throughout northern Ontario on properties near the Victor Mine with SouthernEra. He built and
managed the company's diamond sampling laboratory in Toronto. Justin became a consultant in 2013
for diamonds, base and precious metals in Canada for various companies. Mr. Rocco consults under
Rocc Exploration & Contracting Ltd.

 

 

NNA's Monument Diamond Project Valuation

News Release – March 20, 2019

New Nadina Explorations Limited TSX-V-NNA

Box 130, 1215 Greenwood Street, Greenwood BC   V0H 1J0

Phone (250) 445-2260, Fax (250) 445-2259

Email:  This email address is being protected from spambots. You need JavaScript enabled to view it.

Monument Project Valuation

As previously announced, New Nadina Explorations Limited is seeking a Partner, either to advance the Monument project going forward or to acquire New Nadina’s interest therein, so that NNA can focus on its wholly-owned Silver Queen polymetallic project in Central British Columbia.

Bruce McKnight, P. Eng., has completed a Fair Market Valuation of the Monument on behalf of the Joint Venture partners: New Nadina Explorations (57.49%); Christopher and Jeanne Jennings (22.11%); and Archon Minerals Limited (20.40%).  The purpose of the valuation is to establish a basis for the terms of participation, or sale.

The Monument property has twelve known kimberlites.  Drill sampling of the RIP kimberlite in 2007 extracted larger samples where 2,201.7 kg of kimberlite produced 955 diamonds including the largest diamond found to date on the Monument property weighing 0.445 carats.  On the DD17 kimberlite, 2,137.6 kg of kimberlite produced 964 diamonds.

Approximately $7 million has been expended on the property by the Monument Joint Venture Partners between 2003 and 2018.  A comprehensive review and history of the Monument Project may be viewed at http://www.nadina.com/properties/monument

As stated in the McKnight Report,  Fair Market Value means “The highest price available in an open and unrestricted market between informed and prudent parties, acting at arm’s length and under no compulsion to act, expressed in terms of cash”. An alternative definition of Fair Market Value is “the highest price an asset might reasonably be expected to bring if sold by the owner in the normal method applicable to the asset in question in the ordinary course of business in a market not exposed to any undue stress, and composed of willing buyers and sellers dealing at arm’s length and under no compulsion to buy or sell.”

McKnight undertook a three-fold approach for the valuation: Comparable Values ($/hectare); Comparable Values (Attributed share of Market Cap); and Adjusted Appraised Value.

The dollars per hectares approach was based upon selected properties that McKnight thought were comparable to Monument. “The utilization of prior expenditures that have added value to the Property (the Appraised Value method) has been considered by several mineral property valuators to be an acceptable approach to valuing mineral exploration properties. It is also endorsed by the TSX. However, only expenditures that relate to significant and relevant exploration should be included, and the quality of past work itself must be evaluated. “ 

“Based on the foregoing, it is the opinion of McKnight that the value of the Monument Property of New Nadina was approximately $2,200,000, as at the date hereof, with a relatively wide range of values of between about $2,000,000 and $2,400,000. Such a wide range is not unusual for mineral exploration properties at the stage of development of the Property. New Nadina’s interest would be valued at 60% (rather than 57.49% of the Property value because of its position as operator of the Monument Joint Venture), or about $1,320,000, with a range of about $1,200,000 to $1,440,000

This Opinion of Value may be relied upon by New Nadina and its advisors in their negotiations with potential purchasers, but may not be used or relied upon by any other person without express prior written consent of McKnight, which may not be unreasonably withheld.”

In consultation with its JV Partners, New Nadina has retained Kevin Kivi, P. Eng., and Justin Rocco, P. Geo, to develop an exploration plan going forward that will be included in an application for a new 5-year Land Use Permit.  The current LUP expires on September 30, 2019.

New Nadina is focused on developing a new 5-year plan for exploration and development of its wholly-owned Silver Queen Property, located on the Morice River Forest Service road at Owen Lake, between Houston B.C. and the Huckleberry Mine operated by Imperial Metals Inc.  As recently announced in a letter to shareholders, Nadina plans an aggressive surface drilling program in 2019, in conjunction with a Mineral Resource Estimate and Preliminary Economic Assessment of the No.3 Vein deposit.  The Letter to Shareholder may also be viewed at www.nadina.com/news.

Management is committed to finding a path to creating shareholder value by advancing its highly prospective projects. Shareholders who have an interest in participating in the company's private placements and would like further information are encouraged to contact the Company representative at (250) 445-2260 or This email address is being protected from spambots. You need JavaScript enabled to view it.

Certain statements in this news release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements reflect management’s current assumptions and expectations regarding future work programs (such as those planned for the Silver Queen Project), results, performance or events as of the date hereof and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results and the estimation of mineral resources and reserves; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, permitting and licensing risks; and general market and mining exploration risks Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.

Stock Options Granted

March 4, 2019:  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the "Company", TSX VENTURE:  NNA) is pleased to announce it has granted 300,000 stock options to certain directors and advisors of the company under its incentive stock option plan.  The options are exercisable at $0.08 per share for a period of five years, expiring on March 3, 2024. 

ON BEHALF OF THE BOARD

“Signed”

John W. Jewitt,  

President and Chief Executive Officer

For further information please visit the website at www.nadina.com  

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Management Team Update

December 20, 2018:  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the "Company", TSX VENTURE:  NNA) is pleased to announce that the Company has expanded its Management Team in response to the expanded program currently being developed for the 2019 five-year plan and Notice of Work (NOW) proposals for the Silver Queen Project in BC and the Monument Project in the Northwest Territories.

The Silver Queen NOW will include drilling the “Blue Zone” from an underground location on the 2400 Level of the #3 Vein South; thereby providing much closer access to the target.  P & E Mining Consultants of Markham, Ontario has submitted a proposal to complete a Preliminary Economic Assessment (PEA) on the #3 Vein Deposit. This will be undertaken early in 2019. The Silver Queen’s NOW will be submitted for approval by the Ministry of Mines in January 2019.

The Lac de Gras Monument Diamond Project in the Northwest Territories is currently being evaluated by Bruce McKnight, P. Eng.   A five-year plan is being developed and will be submitted to the JV Partnership for approval prior to submission to the Northwest Territories.  The current Land Use Permit is valid through September, 2019.

The Management Team at New Nadina Explorations now includes:

  • John Jewitt, President, CEO, & Director - brings to the Company 50 years’ experience in all phases of the mining sector as an Officer for companies listed on the New York and Toronto Stock Exchanges. Capabilities include management of mining and exploration companies in North America as well as projects in Australia, Europe and South America.
  • William Meyer, P. Eng. Director - has over 50 years’ experience in managing exploration projects, previously VP Exploration for Teck Resources Corporation and President of Teck Exploration Ltd.
  • Anthony Jewitt, B. Sc. Eng., CFO, & Director - has over 30 years of experience in engineering management within the information technology industry developing analytic applications for clients in many industries, including natural resources. Currently he is VP of Big Data Solutions for Avalon Consulting Inc. Previously CEO for the Hive Group; Sr. VP InStranet; Group; and VP Business Objects.
  • Courtney Shearer, B. Sc (Eng.), MBA, CPA, CMA: Director: is currently Partner in Larkspur Group with extensive experience in the formation of start-up companies in Canada and financing projects through to successful production.
  • Peter Cooper, Director: has over 40 years’ experience in the mineral exploration and mining business,

working primarily for major producers in Canada and the USA; including Noranda (Hemlo and Holloway Mines in Ontario) and recently Echo Bay-Kinross in Washington.

  • Fred Sveinson, P. Eng. is a professional mining engineer with more than 45 years’ experience in Canada and internationally in the exploration, development, construction, operation and financing of mineral projects. His experience includes the development and operation of underground mines from 100tpd to 2000tpd in Zambia, USA, Venezuela and Canada including the Arctic.
  • Helen Jewitt, Office Manager: brings extensive secretarial experience to the Company having acquired these skills working within several positions for various firms in Canada and the USA.  

In summary, the New Nadina Management Team is well prepared to manage the growth of the Company.

ON BEHALF OF THE BOARD.

John W. Jewitt, President, & CEO

For further information please visit the website at www.nadina.com  

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

NEW NADINA’S FREE MINERS CERTIFICATE RE-INSTATED

November 30, 2018:  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the "Company", TSX VENTURE:  NNA) announces that its Free Miners Certificate which was suspended on September 13, 2018 has now been reinstated.  The company has complied with the two conditions imposed by the Ministry of Mines under the suspension order:

Condition 1- New Nadina must complete a reclamation plan for all outstanding reclamation resulting from their mining activities on the surface of titles with PIDs 027-961-401, 015-197-808, 015-275-949, 015-190-919, 015-197-832.  This reclamation plan must be submitted to an inspector of mines for review and approval.

 Condition 2 – New Nadina must complete or have completed all reclamation proposed or recommended in the approved reclamation plan noted in Condition 1 above.  All reclamation activities must be completed and approved by an inspector of mines.

The Company has complied with the order and satisfied both conditions and is pleased to announce that it has established a satisfactory relationship with the Landowner. 

ON BEHALF OF THE BOARD

“Signed”

John W. Jewitt, P. Eng.

President & CEO

For further information please visit the website at www.nadina.com  

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Stock Options Granted

Oct 26, 2018:  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the "Company", TSX VENTURE:  NNA) is pleased to announce it has granted 700,000 stock options to directors of the company under its incentive stock option plan.  The options are exercisable at $0.10 (ten cents) per share for a period of five years, expiring on Oct 25, 2023.  All options granted are in accordance with the Company Stock Option Plan and subject to TSX-V approval.

ON BEHALF OF THE BOARD

“Signed”

John Jewitt,  President and Chief Executive Officer

For further information please visit the website at www.nadina.com  

“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Newswire

NNA's Monument Diamond Project Valuation

26-03-2019 Hits:115 2019 News releases Nadina

News Release – March 20, 2019 New Nadina Explorations Limited TSX-V-NNA Box 130, 1215 Greenwood Street, Greenwood BC   V0H 1J0 Phone (250) 445-2260, Fax (250) 445-2259 Email:  nadina2005@shaw.ca Monument Project Valuation As previously announced, New Nadina Explorations Limited is seeking a Partner, either to advance the Monument project going forward or to acquire New Nadina’s interest therein, so that NNA can focus on its wholly-owned Silver Queen polymetallic project in Central British Columbia. Bruce McKnight, P. Eng...

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Stock Options Granted

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March 4, 2019:  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the "Company", TSX VENTURE:  NNA) is pleased to announce it has granted 300,000 stock options to certain directors and advisors of the company under its incentive stock option plan.  The options are exercisable at $0.08 per share for a period of five years, expiring on March 3, 2024.  ON BEHALF OF THE BOARD “Signed” John W. Jewitt,   President and Chief Executive Officer For further...

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