News Release
MONUMENT PROPERTY SHOWS ENCOURAGING DIAMOND COUNTS
November 5, 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 results from the first batch of samples from the summer drill program at the Monument diamond project at Lac de Gras. NWT. Microdiamond results from sample batch #1 are as follows:
Trio
|
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 |
TOTAL |
|
136.235 |
45 |
28 |
14 |
13 |
2 |
1 |
2 |
1 |
106 |
The Trio kimberlite, discovered in early August 2008, has returned the highest count of microdiamonds thus far on the Monument property. The sample of 136.235 kg from two -45� drill holes (BTW size DDH 08-12 and 08-13) returned 106 microdiamonds. At the end of the program a veritical hole (08-46) using HQ size drill core was drilled near the centre of this pipe and 179 samples representing 889.5kg of kimberlite were shipped for caustic fusion. The results from the first sample suggest Trio contains significant diamond counts and that larger stones could be expected from the remaining larger diameter core. The Trio is located in the north portion of the property on the south shore of Lac de Gras and would be easily accessible should approval be given to extract a larger sample.
Bling
|
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 |
TOTAL |
|
38.11 |
15 |
6 |
3 |
1 |
2 |
0 |
0 |
1 |
28 |
These five kimberlite samples (BQ size DDH 08-09) returned significant diamond counts with one large stone from a very small sample, which suggests that additional drilling is required in the area. The results have been added to previous numbers. The Bling is located in the centrally located 'string of pearls' kimberlites between RIP and DD17-11.
Genie
|
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 |
TOTAL |
|
18.7 |
4 |
2 |
0 |
0 |
0 |
0 |
0 |
0 |
6 |
This the first sample processed (BTW size DDH 08-10) from Genie now proving it to be diamond bearing,. A further 125.8 kg from DDH 08-42 and 08-43 have been submitted for microdiamond analyses and will be reported when available.
This news release reports on less than 10% of kimberlite submitted from the 2008 summer drill program. Results from two other new discoveries in 2008, Gemini and Sparky are pending and are expected shortly.
The Monument Program is supervised by Mr. K. R. Kivi, P.Geol., a Qualified Person as defined by National Instrument 43-101 and has reviewed the content of this news release. Samples were submitted to Microlithics Laboratories, of Thunder Bay ON for processing, with diamond recovery, sieving, description and reporting by I&M Morrison Geological Services Ltd., of Delta BC.
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,
President and Chief Executive Officer
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