July 21, 2011 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) announces they have completed an aeromagnetic and ZTEM airborne geophysical survey and a follow up Titan 24 ground survey over its mineral claim group at the Silver Queen project, south of Houston BC. A preliminary interpretation of the data has identified two new geophysical targets south and east of the former producing No 3 Vein at the Silver Queen mine. An image showing locations can be viewed on the Company website: www.nadina.com.
The first – the Titan A target – is part of a two and half kilometer long trend mapped by the ZTEM survey. The known Silver Queen vein system sits at the north-west end and central part of the trend and the Titan A target sits close to the south-east end of this trend. The Titan A target is characterized as electrically resistive and chargeable and is interpreted to be a potential vein type system of the Silver Queen type.
Close to the Titan A target, to the east and below it, is the Titan B target. This is a conductive zone, with an associated high chargeability. The geophysical character of the Titan B target indicates that it could be a buried porphyry type bulk tonnage deposit. Preliminary depth estimates to the top of the Titan B target are on the order of 350 meters. This target is a blind geophysical target and can only be tested by drilling. The geophysical interpretation of the geological setting of the Titan B target is that it is close to an intrusive stock-like body that sits below the Silver Queen Vein system, and that it is located in a jog of a large regional fault zone. This jog may be a zone of accommodation where the regional structure passes close to the stock-like body.
Both the Titan A and Titan B targets are untested by historical drilling to the best knowledge of the New Nadina Exploration team. There were eight Titan 24 lines run, results from the four lines (3.6km each) has resulted in these two targets. Two lines extending over the south end of Owen Lake have not shown target potential. Modeling of the two lines covering George and Cole Lake areas are pending.
ZTEM is a new natural source airborne electromagnetic method operated by Geotech airborne of Mississauga, Ontario. It can routinely penetrate to depths in excess of one kilometer and is particularly suited to the exploration for bulk tonnage disseminated porphyry type targets. It is also sensitive to large resistive zones such as silicified vein systems. Titan24 is a high powered, state of the art, deep penetrating induced polarization and magnetotelluric ground based system operated by Quantec Geoscience of Toronto Ontario. Depths of investigation greater than 300 meters are routinely achieved with the Titan24 system.
Interpretation of the new geophysical data acquired over the Silver Queen project is ongoing at the Advanced Geophysical Interpretation Centre of Mira Geoscience in Vancouver, British Columbia for New Nadina. The ZTEM, aeromagnetic, and Titan24 data will be used in conjunction with the ongoing geological mapping and surface prospecting program at the Silver Queen project to direct the 8,000 meter summer drill program planned for this year at the Silver Queen project by New Nadina Explorations Ltd.
The geophysical data in this press release has been reviewed by Peter Kowalczyk P.Geo., a qualified person within the terms of NI 43-101 standards.
ON BEHALF OF THE BOARD
President and Chief Executive Officer
For further information please visit the website at www.nadina.com or contact Ellen Clements: 1 (800) 856-3966, or email
“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.”
July 21, 2011
New Nadina Explorations Limited (the "Company") announces that effective July 21, 2011 it has granted 3,000,000 stock options to directors and employees of the company under its incentive stock option plan. The options, exercisable at 15 cents per share for a period of five years, expire July 21, 2016. All options granted are in accordance with the Company Stock Option Plan and subject to TSXV approval.
ON BEHALF OF THE BOARD
For further information please visit the website at www.nadina.com or contact Ellen Clements: 1 (800) 856-3966, 1 250 444 1005
May 12, 2011: GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) has closed the second Tranche of the financing announced March 23, 2011 and amended April 21, 2011. Flow Through eligible proceeds of $330,000 have been received for 3,300,000 shares issued. Non-flow Through units proceeds of $200,000 have been received for 2,000,000 shares and 2,000,000 warrants issued. Shares under this issuance cannot be traded before September 13, 2011.
The program on the Silver Queen property located south of Houston in Central BC has commenced with 700 line kilometers of airborne ZTEM geophysics (Z-Axis Tipper Electromagnetic). The key feature of this method is the modern digital electronics and signal processing deliver exceptionally low-noise levels and in some regions are reported to have depth of 1500 meters. Masking by overburden has previously been problematic on this property. Ground Induced Polarization will follow in conjunctions with line cutting, prospecting, alteration mapping, soil sampling, 3D GIS model data compilation. Drilling is scheduled to start September 2, 2011.
Contact Ellen Clements: 250 444 1005
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/RECOMMENDATIONSData 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 EXPLORATIONIP 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.”
Ellen Clements,President and Chief Executive Officer
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.
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April 30, 2013 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Company”, TSX VENTURE: NNA) announces it received notification of an application made by the holders of the surface rights relating to its Silver Queen property on March 7, 2013 for Mediation and Arbitration Services by the BC Surface ...
2013 News Releases
New Nadina Explorations Ltd. reports drill hole 12S-05 intersected 144 m. of 0.379 g/t Au, 0.279% Cu and 0.041% Mo (0.655% Cu Equivalent)
April 8, 2013 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) is pleased to announce the results of the 2012-2013 diamond drilling program at their ...
February 14, 2013 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (TSX VENTURE: NNA) reports that at the Annual General Meeting held January 28, 2013 Ellen Clements (President), John Jewitt and William Meyer was voted onto the Board of Directors.
The Board members welcome new director William Meyer. Mr. Meyer is ...
2012 News Releases
November 30, 2012: GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Company”, TSX VENTURE: NNA) announces that further to its news release of November 16, 2012 the petition and preliminary injunction filed by C. Donald Christmann and 0712249 B.C. Ltd. in the Supreme Court of B.C have both been ...
November 22, 2012 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Corporation”, TSX Venture: NNA) announces that it has adopted a shareholder rights plan agreement (the “Plan”). The Plan will be presented for ratification by the shareholders of the Corporation at their next Annual Meeting which will be held ...
November 16, 2012 GREENWOOD, BRITISH COLUMBIA – New Nadina Explorations Limited (the “Company”, TSX VENTURE: NNA) announces that it has been named as a respondent, along with the individual holding the title of Senior Inspector of Mines with the provincial Minister of Energy and Mines, in a petition filed in ...