News Release
BLING KIMBERLITE RETURNS DIAMONDS
AT MONUMENT PROPERTY, NWT.
June 16, 2008: New Nadina Explorations Limited (the "Company") and partners Chris and Jeanne Jennings (22.11%), and Archon Minerals Ltd (20.4%) are pleased to report diamonds from the Bling kimberlite pipe discovered this spring at the Monument Diamond Project, on Lac De Gras, Northwest Territories.
Microdiamonds are reported from an initial sample of 120.25 kg of kimberlite, collected from discovery hole 08-08-T9, a -45� angle hole that intersected kimberlite between 171 to 203 meters depth. Caustic fusion microdiamond recovery was completed by 1Saskatchewan Research Council Geoanalytical Laboratories (SRC) in Saskatoon SK. Microdiamond results (sieve size in millimeters) are tabulated below:
|
Combined
Weight (kg) |
0.106
Sieve |
0.15
Sieve |
0.212
Sieve |
0.3
Sieve |
0.425
Sieve |
0.6
Sieve |
0.85
Sieve |
1.18
Sieve |
1.7
Sieve |
2.36
Sieve |
TOTAL |
|
120.25 |
27 |
16 |
10 |
8 |
4 |
0 |
2 |
0 |
0 |
0 |
67 |
1 Saskatchewan Research Council Geoanalytical Laboratories is an Accredited Testing Laboratory that conforms to requirements of ISO/IEC 17025 and conditions established by the Standards Council of Canada.
The Bling kimberlite discovery is the sixth kimberlite pipe in blue pearl cluster, and is closely located between kimberlites RIP and DD17-11.
The Bling kimberlite is dark grey pyroclastic kimberlite comprised of 40% 3-15 mm olivine xenocrysts, abundant pyrope garnet and chrome diopside xenocrysts up to 2 cm in size. The 32 meter drill intercept cut 23 mantle xenoliths including medium to coarse grained lhertzolite, dunite and hartzburgite, which suggests significant sampling of the lithosphere.
A summer program commencing August 1st is planned and will delineate Bling while extracting a larger kimberlite sample in addition to drilling untested targets. The project expects to have two diamond drills operating on the property.
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.
Contact Ellen Clements at (800) 856-3966 or Larry Widmer at (250) 878-5099 for further information.
ON BEHALF OF THE BOARD
"Signed"
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.