News Release
BLING KIMBERLITE DISCOVERY
AT
MONUMENT
PROPERTY, NWT
April 28,
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 discovery of a
new kimberlite pipe and completion of spring drilling on the Monument Diamond
Project, at Lac De Gras, Northwest
Territories. Crews are currently closing camp for spring
break-up.
The exploration program included a detailed ground
magnetic survey and testing of five untested prominent magnetic targets under
Lac de Gras. Eight BTW sized
diamond drill holes were completed for a total of 758 meters.
The Bling kimberlite discovery is located
between kimberlites RIP and DD17-11, a new addition to the blue pearl
cluster. Diamond drill hole
08-08-T9, a �45�angle hole, intersected kimberlite between 171 to 203
meters at approximately 120 meters below surface. The discovery results from drill testing
the northeast part of a prominent magnetic low with a co-incident EM
conductor.
The Bling kimberlite is dark grey pyroclastic
kimberlite comprised 40% 3-15 mm olivine xenocrysts, abundant pyrope garnet and
chrome diopside xenocrysts up to 2 cm in size. The drill intercept also cuts numerous
mantle xenoliths including medium to coarse grained lhertzolite, dunite and
hartzburgite, which suggests significant sampling of the lithosphere. The 32 meters of kimberlite core will be
detail logged, sampled, and submitted for caustic fusion dissolution and microdiamond recovery.
A detailed
CDGPS-GPS snowmobile magnetometer survey was
completed prior to drilling five lake-based magnetic anomalies. The magnetic
anomalies tested during this drill program were explained with variably magnetic
metasediments. Several high-promise
targets remain to be tested on the Monument property.
Two diamond drills owned by the Joint Venture
project remain onsite for the planned summer program. One drill is positioned on the Genie
kimberlite, and the other on the Bling kimberlite. Each of these new kimberlites require
delineation drilling and larger samples for diamond testing.
The Monument Program is supervised by Mr. K.
R. Kivi, P.Geol., an independent 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
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adequacy or accuracy of this news
RELEASE.