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News

New Nadina Announces Receipt of 43-101 Report

April 25, 2011 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) announces receipt of 43-101 report.

The following is a short summary of the report which can be viewed on SEDAR under the Company file and on the Company’s website.

“JDS Energy and Mining Inc. (JDS) was hired by New Nadina Explorations Limited (New Nadina) to provide an independent review of the Silver Queen property, located in Central British Columbia, Canada. The purpose of this report is to establish a historic basis from which to guide the future exploration and development activities at the Silver Queen property from a geologic and economic standpoint.

Any resource information for the Silver Queen property must be considered historic in nature and does not comply with any of the resource categories set out in NI 43-101 and the “CIM Definition of Standards on Mineral Resources and Ore Reserves” dated November 14th, 2004. However, the historic resource is considered relevant because it is indicative of the location, size and grade of the mineralized structures.

CONCLUSIONS/RECOMMENDATIONS
Data from historic production and exploration programs has shown to be valuable in locating highly prospective exploration targets. In order to guide the project development, economic considerations were applied by using historic resource data derived from the latest and most complete compilation of exploration and production data and metallurgical test work. There are a relatively small amount of historic resources currently delineated. In addition, there is a high degree of variability related to metallurgical performance between and within veins which will require additional metallurgical testing on the samples from the ultimate resources to be mined. Furthermore, reestablishment of mining parameters will be required.

Ranges of project economics based on metal prices and concentrate marketing success push the exploration focus into two areas for vein development. At historic head grades and metallurgical performance indicated, breakeven economic scenarios would require a mining rate of approximately 500tpd and a total mining reserve of 1.5 million tones at historic grades. Therefore, the majority of ore in this scenario must be newly delineated. Down drip and along strike extensions of No. 3 Vein show the best opportunity for success. Modeling of historic data show that grades trend higher towards that area of the vein and structure has been identified that has enough volume to host the volumes required. Other vein structures within the claim block should be explored simultaneously as they would provide concurrent production and allow higher production rates and therefore lower operating costs. Thicker structures should be targeted for their ability to support higher productivity and lower cost mining.

Significantly higher ore value may result by applying current metal prices and marketing a pyrite concentrate from which precious metal values could be realized. In this case, the required mining reserve to create a breakeven economic scenario would drop to as low as approximately 300,000 tonnes which approaches the size of the historic resource. This economic scenario directs effort to verification and incremental expansion of the historic resource even as new resources are identified. Historically, metallurgy has been shown to be complex for this deposit. However since the bulk of the resource is yet to be defined, and mineralogy in the deposit has been shown to vary between and within the veins themselves, metallurgical testing and marketing analysis should be delayed until resources are identified and can be tested directly.

Maximizing the value of recovered precious metals should be the focus in future design phases. From a marketing perspective, it may be possible to find a current producer that will use the pyrite concentrate as fuel in an autoclave, and pay for the gold and silver A rigorous program of data verification will have to be completed to get the value from the sizeable historic data base, for the purpose of resource estimation. More importantly, as modern NI 43-101 compliant procedures are established and implemented on site, the usefulness of the historic resource will be superseded by current, compliant data and results. As a result of historic information compilation and analysis, as well as application of economic constraints, and results of 2010 drilling, two distinct exploration programs have emerged.

The vein development program, as previously described, targets verification of the historic resource and expansion in areas below the No. 3 Vein South and NG3. Delineation of this resource will require dewatering of the 2590 Decline and drifting approximately 2,000 ft on the No. 3 vein. A second decline may be considered to access the NG3 vein and connect with the above drifting No. 3 Vein South. (ref holes U-89-1, 3, 4, 5, 7, 8).

A Porphyry program is planned based on four holes that intercepted wide sections of quartz-pyrite which has led geologists to speculate that a Cu-Au porphyry system may be present. In order to confirm vein continuity and to identify possible targets at depth, a Titan 24 CDIP survey is recommended, along with alteration mapping and soil geochem.

PROPOSED BUDGET FOR 2011 EXPLORATION
IP Titan 24 geophysics and line cutting and consultant $360,000, 3D GIS model (Geosoft or Vulcan) and data compilation $60,000, Soil sampling – geochem $50,000 Prospecting and alteration mapping (south and east) $50,000, diamond drilling, geologist, sampling (5,000M) $1million for a 2011 Exploration Budget of $1,520,000.

The 2010 exploration program was guided by recommendations from previous reports and historical data. Previously untested areas peripheral to the presently known mineralization were targeted. Compiled historical data along with preliminary economic analysis is being used to identify the most prospective drill targets, and the size and quality of potential resources that may lead to an economically viable project.”

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements,
President and Chief Executive Officer

For further information please visit the website at www.nadina.com or contact Ellen Clements: 1 (800) 856-3966, 1 250 444 1005

“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.”

New Nadina increases Non-brokered Private Placement

April 21, 2011 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA), announces that further to the March 23, 2011 News Release the Company will increase the amount of Flow Through up to $1,000,000 (previously $800,000) for the issuance of up to 10,000,000 common shares at a price of 10 cents per share.

These terms are subject to the approval by the TSX Venture Exchange.

The Company has received the JDS Energy & Mining Inc. report and a brief summary of expenditures and program on the Silver Queen will subsequently follow this news release. The full report will be published on Sedar under the Company file.

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements,

President and Chief Executive Officer

For further information please visit the website at www.nadina.com or contact
Ellen Clements: 1 (800) 856-3966, 1 250 444 1005

 

“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.”

New Nadina closes $700,000 Tranche 1

April 1, 2011: GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) has closed the first Tranche of the financing announced March 23, 2011.  Flow Through eligible proceeds of $700,000 have been received for seven million shares issued.  The financing consisted of two placees where the MineralFields Group contributed $500,000 and the other participant $200,000.  Finder’s Fees of $40,000 paid in cash and 160,000 units consisting of 1 common share and one warrant to purchase a common share for 15 cents for 12 months were issued.  Shares under this issuance cannot be traded before July 29, 2011.

The current program at the Silver Queen property south of Houston in Central BC includes a Titan 24 Induced Polarization geophysical survey, line cutting, prospecting, alteration mapping, soil sampling,
3D GIS model data compilation followed by core drilling targets resulting from new and expansive areas of exploration.

MineralFields Group (a division of Pathway Asset Management), based in Toronto, Vancouver, Montreal and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world.  Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series).  Information about MineralFields Group is available at www.mineralfields.com.  First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies.  MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®.

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements,

President and Chief Executive Officer

Contact Ellen Clements: 250 444 1005

“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.”

New Nadina seven-million-share private placement

2011-03-29 17:56 ET - Private Placement

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced March 23, 2011.

Number of shares:  Seven million flow-through shares

Purchase price:  10 cents per flow-through share

Hidden placee:  One hidden placee

Insiders:  MineralFields B.C. 2011 Super Flow-Through LP, 1.5 million; MineralFields 2011-IV Super Flow-Through LP, one million; MineralFields 2011 Super Flow-Through LP, 2.5 million

Finders' fees:  $40,000 cash, payable to Limited Market Dealer Inc.; 160,000 finder units comprising one share and one warrant exercisable at 15 cents for one year, payable to Norstar Securities LP.

Passing of former director Alan McAlpine

March 29, 2011  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA)  It is with great sadness that the Board announces that Alan M. McAlpine, former officer and director of the company passed away on the weekend.

Al was one of the longest serving members of the Board resigning in February 2003. He was instrumental in providing guidance and clear thinking and even after retirement was dedicated to the advancement and progress of the Company.  He was an extraordinarily kind and gentle man whose calm demeanor added a great dimension to the company's Board.

He will be sadly missed by all those that were fortunate to work with him.  Our thoughts today are with his wife Daisy and their family.  We extend our deepest condolences.

 

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements,

President and Chief Executive Officer

For further information please visit the website at www.nadina.com or contact
Ellen Clements: 1 (800) 856-3966,  1-250-444-1005.

New Nadina to raise $1,200,000 Non-brokered Private Placement

March 23, 2011 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA), subject to the approval of the TSX Venture Exchange, plans a non-brokered private placement of up to $1,200,000 of $800,000 Flow Through and $400,000 non flow through priced at 10 cents. The Flow-Through units consist of one common share at a price of 10 cents.   The non Flow-Through units consist of one common share and one warrant that entitle the holder to purchase one common share at a price of 15 cents per share for 12 months.

The Company, in compliance with the guidelines of the TSX Venture Exchange policies, may pay an 8% Finders’ Fees either in cash or in units, where the units consist of one common share and one warrant, where the warrants are exercisable to purchase one common share at $0.15 for one year.  

Proceeds from the placement will be used for 2011 exploration program on the Company’s 100% owned Silver Queen Property, the 57.49% owned Monument Diamond Property (NWT) and for general corporate funds.

ON BEHALF OF THE BOARD
“Signed”

Ellen Clements,

President and Chief Executive Officer

For further information please visit the website at www.nadina.com or contact
Ellen Clements: 1 (800) 856-3966,  1-250-444-1005.

Silver Queen Results

December 16, 2010: GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX Venture: NNA) summarizes current exploration activities at it’s 100% owned Silver Queen Property located 43 km south of Houston BC. Reference to the program can be obtained from the disseminated MD&A Report dated July 30, 2010.

2010 Drill Program – Summary

Drilling totalling 4109.5 metres was conducted on six areas of the property during September and October of 2010. These areas, designated the IP Anomaly, Drainage Ditch, Camp North, Cole North, Swamp and NG-3 were described in a MD&A dated July 30, 2010.

IP Anomaly:

A 3D IP survey was conducted over an area of the property in 2004 and was followed up in 2005 by drilling of DDH 05S-01 to a depth of 310 metres. This hole encountered heavy disseminated pyrite through most of its length but did not encounter any significant structures or values. A re-interpretation of the geophysical data in 2010 indicated the need for a drill hole approximately 150 metres to the southwest of the location drilled in 2005. DDH 10S-01, drilled NQ2 sized core to a depth of 269 metres, was the first hole of the 2010 program and encountered a silica-pyrite stockwork from 44 metres to 169 metres containing minor amounts of gold, where sampled. The boundaries of the stockwork are gradational, with a gradual decrease in the intensity of veining away from the main body of stockwork such that only isolated silica-pyrite veinlets are encountered at the top and bottom of the hole. The main stockwork coincides with a post-mineral feldspar porphyry dyke swarm, with core length of individual dyke intersections being 0.3 to 9.3 metres. Aside from size, the silica-pyrite veinlets comprising the stockwork are very similar in appearance to the gold-bearing silica-pyrite sections of the No. 3 Vein.

Sample number

From

(metres)

To

(metres)

Core length (metres)

Au (grams/ tonne)

Ag (grams/ tonne)

Copper

%

Description

454134

92

95

3.0

0.10

1.8

0.11

Silica-pyrite veins and stockwork

454136

114.6

115.35

0.75

0.44

4.1

0.04

Silica-pyrite alteration in hangingwall of vein

454137

114.6

115.35

0.75

0.87

16.9

0.04

Duplicate of above Silica-pyrite alteration in hangingwall of vein

454138

115.35

115.48

0.13

1.16

493.5

1.18

7cm carbonate-silica-pyrite-sphalerite vein at 30-40d to CA

454139

125.3

126.3

1.0

0.09

3.0

0.06

Silica-pyrite stockwork

454140

140

143

3.0

0.08

3.0

0.05

Silica-pyrite stockwork

 

 

 

 

 

 

 

These results are encouraging as being indicative of porphyry-style mineralization. Logs for DDH NG-4, a deep vertical hole drilled in 1970 about 200 metres to the west of 10S-01, report similar silica-pyrite stockwork development but samples from that hole were not routinely run for gold. To the south of NG-4, holes 96S-03 and 96S-04 reported silica-pyrite stockwork, but returned lower gold values.

A review of existing geophysical data is planned to define further drill targets or delineate areas where more geophysical work and soil geochemistry would be useful. The large area immediately to the southwest of DDH 10S-01 has seen very little exploration to date and has never been drilled.

Drainage Ditch:

Holes 10S-02 to 10S-04 and 10S-12 were drilled to investigate areas of high-grade zinc mineralization found by trenching in previous years. These holes failed to encounter significant mineralization at depth, presumably due to significant disruption by faulting. No further work is planned for this area.

Camp North:

Holes 10S-05 to10S-11 were drilled to test the Camp North area with the objective of extending the Camp Vein system. Drilling was hampered in this area by extensive heavy overburden, causing the abandonment of one hole without reaching bedrock.

A conductor indicated by an EM-16 survey was drilled and yielded several narrow veins, although metal values were low. It is believed that much of the pyrite found in this area could be of primary origin, and that the area may therefore be prospective for VMS-type deposits. Aside from this program, this area has received very little attention and continues to be of interest.

NG-3:

Six holes were drilled from three locations to test the NG-3 Vein. The structure was rather narrow but showed good continuity. Gold values ranged up to 9.11 g/t and silver values were up to 336.9 g/t. Very little of the structure has been tested so far, and it remains open to the southeast and to depth.

Swamp and Cole North:

Logging and sampling of core from these areas is continuing.

Several targets have been indicated from a preliminary review of existing geophysical data that may warrant conducting a Titan 24 Deep Imaging Survey; specifically in search of porphyry systems such as those which underlie the Huckleberry Property to the south and the Silver Hope property to the northeast of Silver Queen.

Jim Hutter, P.Geo. is the Qualified Person as defined by National Instrument 43-101 on the Silver Queen project, and has reviewed and approved the applicable content of this release.

ON BEHALF OF THE BOARD

“Signed”

Ellen Clements,
President and Chief Executive Officer

“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.”

Newswire

2018 Drilling commenced at Silver Queen

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May 24, 2018:  GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the "Company", TSX VENTURE:  NNA) is pleased to announce it has commenced drilling at its 100% owned Silver Queen property near Owen Lake BC as previously announced. The Board of Directors welcomes Gary Wong who will assist with the current drill program. Gary Wong, P. Eng. B.A Sc in geological engineering. Advanced project explorationist with experience in the Americas &...

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2018 AGM voting results and Silver Queen map update

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JANUARY 24, 2018: VANCOUVER, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Company”, TSX VENTURE: NNA) is pleased to announce the matters voted upon and the outcome of the votes at the annual and special meeting of the shareholders of New Nadina Explorations Limited (the "Company") held on January 22, 2018 in Vancouver, British Columbia: Appointment of Auditors Davidson & Company LLP, Chartered Accountants were appointed as the auditors of the Company...

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2017 Drilling - Silver Queen Project

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January 18, 2018 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA). The Company provides assay results on drill hole 17S-03. Drill Hole 17S-03 The purpose of this hole was to test the structure of the easterly apophysis of the main ‘Blue Target’ as a potential feeder for the ‘Sister Vein’ recognized at deeper levels in 12S-05. This apophysis is located outside the central caldera, north of the Cu-Mo porphyry...

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