New Nadina Explorations Limited
TSX VENTURE : NNA

New Nadina Explorations Limited

April 17, 2009 12:15 ET

New Nadina Explorations Limited: Drilling Underway at Monument

GREENWOOD, BRITISH COLUMBIA--(Marketwire - April 17, 2009) - New Nadina Explorations Limited (the "Company") (TSX VENTURE:NNA) is pleased to announce that a two drill drill program is underway on the Monument Diamond Project located adjacent to the Ekati™ and Diavik™ Diamond mines 300km north northeast of Yellowknife. The program will be carried out in two stages. First stage includes further defining of the Trio pipe and drill testing four winter ice targets, including the DD42, in the Northern Zone. The second stage will test new targets within the Southern Zone and a new target in the eastern part of the property by the Genie Pipe.

The first stage drilling is now underway in the Northern Zone. The Reverse Circulation (RC) drill will define the body of the westerly dipping Trio pipe and will obtain a large sample of kimberlite that can be run through a test plant at a later date. As well, a representative sample of material collected from this 2009 program will be shipped for microdiamond analyses through caustic fusion at the SRC laboratory in Sask. The RC sample can then be compared to the results of the 2008 core sample.

Directly east of the Trio pipe is the DD42 group of anomalies within which DD42a is the most westerly of the four ice targets. DD42a has two previous drill holes in it; the first in 1993 by Kennecott Canada Explorations Inc. (KCEI) and the second by the joint venture in 2005. Both holes intersected kimberlite. The drill hole by the joint venture in 2005 (Mon05-04), drilled at -45, intersected kimberlite from 55.3 to 99.8 meters for a total of 44.5 meters (true width of 31.46 meters). The KCEI 1993 vertical hole (93DD42-03) reported kimberlite the entire length over 113 meters. Initial core testing from the 2009 program suggests this target is a pipe and will require further drilling to determine shape, size and depth.

To the east of DD42a, three additional targets in the DD42 group are scheduled for core testing as a follow up to the 2005 program where three holes, one in each target, were drilled. The recent compilation of all data indicates these three drill holes may have missed their intended targets.

Good weather was experienced during startup, the camp is running smoothly with supplies for both spring and summer programs on hand. The project has a full time helicopter onsite for drill moves and crew transport, snowmobiles are used for ground transport where possible and weekly scheduled flights from Yellowknife service the project. The ground magnetometer geophysical survey has been completed and drilling of targets has commenced. The recently acquired RC drill requires little set up time, is easy to move and it drills kimberlite very quickly while acquiring a 3 1/2 inch chip sample. A five foot run provides approximately 20 kg of chips.

New Nadina Explorations Limited is operator of the Monument Diamond Project, a joint venture between New Nadina (57.49%), Dr. Chris & Jeanne Jennings (22.11%), and Stu Blusson's Archon Minerals Ltd. (20.4%). The Monument project, strategically located in close proximity and with easy access to both the Ekati™ and Diavik™ Diamond Mines, has to date, three identified diamondiferous zones known as the northern, central (Blue Pearl String) and southern zones. All kimberlites from each of the three zones have diamond distribution curves that predict large stone recovery with adequate sampling.

The content of this news release has been reviewed by Justin Rocco, Geological Engineer on site. Samples are being shipped under the supervision of Uwe Naeher, P.Geol.

ON BEHALF OF THE BOARD

Ellen Clements, President and Chief Executive Officer

Caution Regarding Forward-Looking Statements -- This news release may contain certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.

Contact Information

  • New Nadina Explorations Limited
    Ellen Clements
    (800) 856-3966
    (250) 445 2259 (FAX)
    or
    New Nadina Explorations Limited
    Larry Widmer
    (250) 878-5099
    or
    New Nadina Explorations Limited
    Jack Barnes
    (778) 997-0996, TF: (866) 713-8008
    jackjbarnes@gmail.com
    www.nadina.com