New Nadina Plans Silver Queen Program
January 28 2010 - 4:07PM
Marketwired
New Nadina Explorations Limited (TSX VENTURE: NNA) is pleased to
summarize the 100% owned Silver Queen Project as outlined in the
MD&A filed today.
The Silver Queen property is located in the Omineca Mining
Division south of Houston, BC, on the forest service road to the
Huckleberry Mine. The SQ (Silver Queen) property consists of 17
Crown Granted mineral claims and four staked claims covering
approximately 3,187 hectares. Recent staking of 10 DQ (Dancing
Queen) claims increased the tenure by an additional 3,968
hectares.
The property has been the focus of many exploration and
development programs since its initial discovery in 1912. The
Bradina JV took the property into production during 1972 - 1973. In
the late 1980's an extensive development and exploration project
was conducted consisting of surface and underground diamond
drilling and lateral development on three underground levels. Under
the direction of Houston Metals Corporation, Cominco Engineering
Services Ltd. conducted a feasibility study in 1988. The metal
recoveries with the technology available at that time precluded a
production decision. Occurrences of silver, gold, copper, lead,
zinc, gallium, indium and germanium have been established by
previous work.
Increased metal prices, along with recent site visits and review
of data, have motivated the Company to focus on taking this
property forward.
As part of a structural study conducted in 1998, Dr. G. Millar
of EraMaptec concluded that the property still has considerable
exploration potential, and that previous exploration efforts paid
insufficient attention to structural considerations. As the
principal known mineralized structure on the property, the No. 3
Vein should be the prime focus of exploration, the main area of
interest being the southern portion of the vein where grades appear
to be increasing. Exploration should be directed down dip in the
area of the vein inflection and also along strike to the south. The
possibility of encountering as yet undiscovered hanging wall and
footwall structures also needs to be investigated.
Possible extensions of the No. 3 Vein beyond the Cole Creek and
Chisholm faults should be investigated. The vein is known to exist
beyond the Cole Creek fault, where it was intersected by a surface
drill hole in 1970 at a depth of 1435 feet (437 metres) and by an
underground drill hole in 1987.
In addition to his comments on the No. 3 vein, Dr. Millar made a
number of general recommendations concerning future exploration on
the property.
His recommendation that information for the property be
assembled into a 3-D visualization software package is presently
being implemented by the company. The large volume of data input
into 3D software will add to our exploration tools.
A property-wide geophysical survey (mag/em) over the property
using modern, high resolution techniques will be undertaken with
the objective being the delineation of larger structures.
Dr. Millar also recommends further drilling of the Cole and
Chisholm structures and the area of intense alteration encountered
at the Borrow Pit.
The George lake Lineament, which appears to be a major structure
with characteristics similar to the #3 Vein, is also deserving of
further testing. The George Lake Vein was intersected by the
Bulkley Cross-cut at a depth of 170 metres below surface and
limited underground and surface drilling was conducted at that
time, but most of the structure remains untested.
The Camp Vein system was drilled extensively during the late
1980s. Due to the absence of surface exposure and the considerable
structural complexities of the vein system caused by faulting, a
satisfactory model of the vein structures was never produced. Dr.
Millar's study suggests that the strike of the veins may differ
from that which was assumed during the original drilling and that
further investigations of the area should be based on that
hypothesis, beginning with the construction of new cross-sections
perpendicular to the proposed strike of the system. This could be
aided by re-logging of drill core paying particular attention to
vein and fault relationships and geometries, re-processing of
existing geophysical data using modern processing techniques and
further testing using oriented core drilling.
A 3 to 4 year program is being developed based on the above
recommendations and results of specific components of the plan. We
expect to be ready to conduct the mag/em airborne survey by late
May setting the timeframe for geochemical sampling, surface
geophysics followed by drilling.
A program of reclamation of historic trenches and workings has
recently been completed and applied to the claims as assessment
work. Further reclamation will be ongoing as other work is
conducted on the property.
Jim Hutter, P.Geo. is the Qualified Person as defined by
National Instrument 43-101 on the Silver Queen project, and has
reviewed and approved the applicable content of this release.
A plan map showing the vein systems is available on the website
www.nadina.com.
The Company advises that the March 2009 investor relation
services agreement with Raven Capital has been terminated and that
company directors Larry Widmer and Ellen Clements may be
contacted.
ON BEHALF OF THE BOARD
Ellen Clements, President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy and accuracy of this Release.
Contacts: New Nadina Explorations Limited Ellen Clements 250 444
1005 New Nadina Explorations Limited Larry Widmer 250 878 5099
www.nadina.com
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