Clarification of Oct 25, 2017 news release
October 27, 2017 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) At the request of IIROC, the Company wishes to clarify the following statements in its October 25, 2017 news release:
- “The single drill hole, as indicated in the figure below, has confirmed that the target is consisting of high-grade sulphides.”
- “According to the visible reporting of mineral identification, abundance, and distribution, an intercept of 261 metre total size of the target (blue) ranging from 555 to 816 metres (open to depth), including 132 metres of high-grade core, containing bornite plus/minus pyrargyrite, ranging from 663 to 795 metres depth, has been recognized.”
The Company has not submitted any core samples to an accredited laboratory for assay or analysis. As a result the Company recognizes it was vague and possibly misleading for the news release to disclose that it “confirms high grade target” or that it “has confirmed that the target is consisting of high grade sulphides”. In addition the company recognizes the inherent risk of the “visible reporting of mineral identification” over significant intervals. The Company wishes to retract the above statements and disclosure.
Dr. Mathias Westphal. P.Geo., a qualified person as defined under National Instrument 43-101, has reviewed and approved the technical content of this release.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
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.
“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.”