New Nadina Explorations Limited

New Nadina Explorations Limited

July 13, 2007 12:48 ET

New Nadina Explorations Limited: Monument Diamond Project Summer Program Lac De Gras, NWT

GREENWOOD, BRITISH COLUMBIA--(Marketwire - July 13, 2007) - New Nadina Explorations Limited (the "Company") (TSX VENTURE:NNA) and the Monument Joint Venture partners are pleased to announce that preparation for the summer 2007 program at the Monument Diamond Project at Lac de Gras, NWT is underway. The main focus of the summer program is to test new targets where current interpretation of 1200 line kilometers of detail ground magnetics, surveyed in April 2007, has identified dozens of discrete magnetic anomalies that resemble those that occur over kimberlites. Drilling and sampling high interest diamond-bearing kimberlites (on land) is also planned (see NR Feb 12, 2007). The current program will base out of the newly established Lac de Gras camp and is expected to extend into October.

Newly developed water based targets will be tested in the spring 2008 program once adequate ice has formed. Kevin R. Kivi, PGeol., will continue as the qualified person in charge of the program.

Joint Venture partners Dr. Chris and Jeanne Jennings (22.11%) and Dr. Stewart Blusson, of Archon Minerals Ltd. (20.4%) assisted in prioritizing targets for drilling and planning the program. New Nadina Explorations Limited is the operator and owns 57.49%. The property is subject to a 1% royalty to each DHK Diamonds Inc. and Kennecott Canada Exploration Inc.


Ellen Clements, Director, President & CEO

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

Contact Information

  • New Nadina Explorations Limited
    Ellen Clements
    New Nadina Explorations Limited
    Larry Widmer
    (250) 878-5099