New Nadina Explorations Limited: Three Kimberlite Pipes Discovered At Monument Property, NWT
September 04 2008 - 4:07PM
Marketwired
New Nadina Explorations Limited (the "Company") (TSX VENTURE: NNA)
and partners Chris and Jeanne Jennings (22.11%), and Archon
Minerals Ltd (20.4%) announce three kimberlite discoveries during
the current exploration program, adding Sparky and Gemini
kimberlite pipes in this news release. Trio, Sparky and Gemini
increase the number of kimberlite pipes to eleven on the Monument
property at Lac de Gras, NWT. The Trio kimberlite (NR August 25,
2008) is located in the north central part of the property. Sparky
and Gemini are located in the southern most kimberlite cluster on
either side of the previously known DD39 pipe.
The program commenced August 1st with two drills testing
numerous land based targets developed from previous geophysical
surveys, and delineating and sampling kimberlites already in the
inventory. Detailed exploration drilling of a linear magnetic low
in the southern part of the property has delineated and sampled
three kimberlite pipes: Sparky, DD39 and Gemini, adding a new
kimberlite cluster to the property. The new cluster is located 750
meters south of the central cluster or the Blue string of pearls
that consists of kimberlites Sonja, Nic, DD17, RIP, Bling and
DD17-11. Kimberlite previously drilled in the DD39 area failed to
define the shape and size of kimberlite pipes in the area.
Gemini was first intersected in 2007 by drill hole M-02-07 that
intersected hypabyssal kimberlite (HK) between 32.7-35.8m. During
the current exploration program three BTW diamond drill holes
delineated Gemini to prove that drill hole M-02-07 had grazed the
SW side of the pipe. Drill hole 08-24 (Dip -45 degrees, Azimuth 018
degrees) intersected kimberlite from 48.4 to 89m depth, and
perpendicular diamond drill hole 08-27 (Dip -45 degrees, Azimuth
285 degrees) intersected kimberlite from 25 to 53.3m depth. A third
drill hole 08-29 steepened to -59 degrees intersected kimberlite
from 29.4-79.1m. Kimberlite geology includes volcaniclastic and
pyroclastic kimberlite, mineralized with 2-4 mm olivine, pyrope and
chrome diopside xenocrysts. In excess of 350 kg of whole core was
sampled, and has been submitted for microdiamond recovery.
Sparky was first intersected by drill hole M-01-07 (32.8-70.7m).
Further drilling with BTW size core on drill hole 08-35 (Dip -45
degrees, Azimuth 225 degrees) intersected kimberlite from 38.9 to
90.1m depth, and drill hole 08-36 (Dip -45 degrees, Azimuth 007
degrees) intersected kimberlite from 19.2 to 68m depth. All
kimberlite intervals from DD39 and Sparky (whole core) will be
submitted for caustic fusion and diamond recovery.
DD39, located 30m SW of Gemini, was discovered in 1993 by
Kennecott Canada Exploration Inc with a single vertical diamond
drill hole (93DD39-01) which cut 107m of kimberlite. Further
drilling at DD39 includes BQ drill holes 08-34 (Dip -45 degrees,
Azimuth 144 degrees) which intersected kimberlite from 44.4 to
110.5m depth, and drill hole 08-37 (Dip -60 degrees, Azimuth 054
degrees) which collared in kimberlite at 19.2m and continued in
kimberlite to 96m depth. Kimberlite geology includes kimberlitic
mudstones and volcaniclastic kimberlite. Olivine content is up to
20% 2-4 mm xenocrysts, with trace pyrope and chrome diopside
xenocrysts. Carbonized wood has also been identified.
The Monument Program is supervised by Mr. K. R. Kivi, P.Geol., a
Qualified Person as defined by National Instrument 43-101. Mr. Kivi
reviewed the content of this news release.
ON BEHALF OF THE BOARD
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.
Contacts: New Nadina Explorations Limited Ellen Clements
Director, President & CEO (800) 856-3966 (250) 445-2259 (FAX)
New Nadina Explorations Limited Larry Widmer (250) 878-5099
Website: www.nadina.com
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