News Release
MICRODIAMOND ANALYSIS COMPLETED ON RIP,
MONUMENT PROPERTY, NWT.
January 24,
2008. New Nadina Explorations Limited
(the "Company") and partners are pleased to report final microdiamond data from
2007 HQ large diameter drilling of kimberlite pipe RIP, located on the Monument
Diamond Project at Lac De Gras, Northwest Territories. These diamonds add to previously
reported diamond data, including a near-half carat stone reported in November
2007.
Today�s news release reports microdiamonds recovered from
1,195.0 kg of kimberlite, which brings RIP�s cumulative diamond sample to
2,201.7 kg. Microdiamond recovery
was completed by 1Saskatchewan Research Council Geoanalytical Laboratories
(SRC) in Saskatoon SK. New 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
Diamonds |
|
1,195.0 |
239 |
108 |
81 |
49 |
36 |
15 |
8 |
4 |
1 |
1 |
542 |
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 largest stone measured 2.8 x 2.2 x 1.8 mm and weighed 38.805
mg. and is 0.19 carats.
Cumulative microdiamonds results from adjacent
kimberlites RIP and DD17 are shown 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 |
3.35
Sieve |
TOTAL
Diamonds |
|
RIP |
2,201.7 |
406 |
197 |
147 |
100 |
53 |
28 |
15 |
6 |
1 |
1 |
1 |
955 |
|
DD17 |
2,137.6 |
315 |
246 |
200 |
80 |
69 |
34 |
12 |
7 |
1 |
0 |
0 |
964 |
These two pipes have similar diamond distribution,
including larger stones with RIP reporting 24 stones greater than 0.85 mm and
DD17 reporting 20 stones greater than 0.85mm. The two larger stones from RIP, weigh
0.44 and 0.19 carats.
A total of 9 kimberlite pipes plus several unspecified
related kimberlite dikes exist on the property. Untested targets include signatures with
both positive and negative magnetic anomalies, and weak electromagnetic
conductors, some of which are under swamps and lakes. A drill program is being planned for
spring 2008 to test as many as possible.
The Monument Property, located on the south shore of Lac
de Gras is owned 57.49% by New Nadina Explorations Limited, 22.11% by Chris and
Jeanne Jennings, and 20.4% by Archon Minerals Ltd. with a 1% Royalty payable to
each Kennecott Canada Exploration Inc. and DHK Diamonds Inc. The project is
supervised by Mr. K. R. Kivi, P.Geol., an independent Qualified Person as
defined by National Instrument 43-101.
Mr. Kivi has reviewed the content of this news
release.
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.