New Nadina Explorations Limited (the "Company") and partners Chris and Jeanne Jennings (22.11%), and Archon Minerals Ltd (20.4%) are pleased to report diamond counts from kimberlite recovered from diamond drilling and RC drilling completed during the spring 2009 exploration program at the Monument diamond project at Lac de Gras, NT (also refer to News Release: May 8, 2009).In the northern zone, land-based kimberlite Trio was tested with one diamond drill hole and 13 RC holes that cut kimberlite and host rock to define the dimensions of the Trio kimberlite dike. Diamond drill hole 09-02-TRIO (Azimuth 157°,Dip -45°, Length 81.4m) intersected kimberlite from 58.45-60.91m, for a 2.46m interval, intersecting the DD2002 dike, which is now interpreted to be part of the Trio kimberlite. Saskatchewan Research Council (SRC) returned 8 diamonds from 7.4 kg. collected in 2009 which has been segregated in Table 1 from the combined core weight to date of 1,023 Kg. The largest diamond sits on the 1.18 mm sieve (Table 1).
Mr. Jewitt has served as an Officer and Director of several mining companies over the past 35 years; notably as President of The Granby Mining Company and Granisle Copper Limited, former BC copper producers. He also served as Manager of Engineering & Development for Chevron Resources Inc. in the U.S.A. (Stillwater Mining PGMs) and Chile (Andacollo gold) and as President of Chevron’s mining subsidiaries in Australia (Mt Wilkinson gold), Canada (Golden Bear) and Ireland (Lisheen Zinc). He served as a Director and Vice President of Redfern Resources Ltd. while undergoing permitting and feasibility studies for the Tulsequah Chief massive sulphide deposit in northern BC, and as Vice President of Auspex Minerals managing feasibility studies for reopening the copper-lead-zinc-silver deposits at Aljustrel, Portugal.
GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) advises that the private placement announced on Dec. 16, 2009 is increased to $315,000 (from $300,000) for the issuance of 3,150,000 non-flow-through units. The placement is fully subscribed with price terms as initially stated.
The private placement is subject to the approval of the TSX Venture Exchange.
The Silver Queen property is located in the Omineca Mining Division south of Houston, BC, on the forest service road to the Huckleberry Mine. The SQ (Silver Queen) property consists of 17 Crown Granted mineral claims and four staked claims covering approximately 3,187 hectares. Recent staking of 10 DQ (Dancing Queen) claims increased the tenure by an additional 3,968 hectares.