New Nadina Explorations Limited
TSX VENTURE : NNA

New Nadina Explorations Limited

April 02, 2009 15:26 ET

New Nadina Explorations Limited: Work Program Commences at Monument

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 2, 2009) - New Nadina Explorations Limited (the "Company") (TSX VENTURE:NNA) is pleased to announce their six week spring work program has commenced at the Monument Diamond Project located 300 km north northeast of Yellowknife. The program will consist of ground magnetometer surveying and both diamond and RC drilling. New Nadina is operator of the project and is working closely in association with JV partners Dr. Chris Jennings and Dr. Stu Blusson.

Ground magnetometer surveying of approximately 750 line kilometers has been contracted to Aurora Geosciences Ltd. of Yellowknife NT. The current geophysical program will provide more precise delineation of the location of known kimberlites on the ground and will assist in identifying new targets. As the interpreted results are received, targets will be identified and prioritized for drilling. Over the years, a variety of geophysical programs have been conducted, each contributing additional information to the project. Last year synthesis of this data led to four kimberlite discoveries, increasing the current number of known diamondiferous kimberlites on the project to twelve.

"We are all excited about this spring season," stated Ellen Clements, President and CEO of New Nadina. "Kimberlitic material lends to easy erosion and the formation of lakes. This is the time of year to get onto those targets and have a look."

Additionally the Joint Venture (JV) has purchased a second drill, a Hornet Reverse Circulation (RC) rig. The RC drill, being air driven, does not require water allowing the testing of previously inaccessible targets. The unit will allow drilling in areas too far from water during the winter, and areas inaccessible during the summer due to boggy terrain.

A 35 km spur ice road was constructed into the Monument Camp from the winter ice road that is built annually to access the two nearby operating diamond mines. Close proximity to the winter road reduces costs for both the spring and summer 2009 programs by allowing the trucking of fuel, supplies and equipment into the Camp. An airstrip has also been cleared to accommodate ongoing weekly scheduled wheeled twin otter aircraft.

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 clusters. All kimberlites from each of the three clusters, have diamond distribution curves that predict large stone recovery with adequate sampling.

The content of this news release has been approved by Mr. K. R. Kivi, P.Geol. a Qualified Person as defined by National Instrument 43-101.

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
    (250) 445-2260 or Toll Free: 1-800-856-3966
    (250) 445-2259 (FAX)
    Email: nadina2005@shaw.ca
    or
    New Nadina Explorations Limited
    Larry Widmer
    (250) 878-5099
    or
    New Nadina Explorations Limited
    Jack Barnes
    (778) 997-0996 or Toll Free: 1-866-713-8008
    Email: jackjbarnes@gmail.com
    Website: www.nadina.com