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New Nadina Explorations Ltd (2)
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New Nadina drills two m of 1.06 g/t Au at Silver Queen

2018-07-23 15:49 ET - News Release

An anonymous director reports

2018 DRILLING COMPLETED AT SILVER QUEEN

New Nadina Explorations Ltd. has completed a three-hole drill program at its 100-per-cent-owned Silver Queen property near Owen Lake, B.C.

Drilling commenced May 17, 2018, and 3,052.5 metres was completed by the first week in July. Unfavourable weather and drilling technical difficulties contributed to the slow completion of the program. Three holes in total were completed (with one abandoned due to excessive hole deviation). All three holes were targeting the Blue zone, which is a conductivity anomaly outlined by induced polarization geophysics.

The first hole, 18S-01, has had all assays returned. This hole was drilled from the north side of the target with a total depth of 1,122 metres. Unfortunately, the hole began to shallow, resulting in excessive deviation and the objective of penetrating the Blue zone was missed, only skimming the edge of the geophysical anomaly. Although there are zones of anomalous values at various intervals in the hole, over all, it was disappointing in that the Blue zone anomaly was missed.

Significant assay intervals are attached.

Sample     From      To Width      Au      Ag   Cu   Pb     Zn    Ag       Cu       Pb      Zn
    (m)      (m)     (m)   (m)   (g/t)   (g/t)  (%)  (%)  (ppm) (ppm)    (ppm)    (ppm)   (ppm)

5094001   284.8   285.8   1.0   0.143                            7.21     537      735   3,500
5094002   300.3   302.0   1.7    0.16                            16.8   1,010    2,020   1,980
5094003   302.0   303.9   1.9   0.066                            2.72    19.6      238     811
5094004   308.6   310.9   2.3   0.369                            85.4   3,690    2,430   6,900
5094005   310.9   313.0   2.1   0.276                     2.68   29.1     846    1,820 >10,000
5094006   319.1   320.5   1.4   0.363     100      1.27    4.8   >100   8,100  >10,000 >10,000
5094007   323.0   324.6   1.6   0.194                            5.24    46.8      660   2,250
5094008   324.6   325.9   1.3   0.219                            18.5   2,090    2,710   9,070
5094009   384.0   385.2   1.2    0.08                            8.44     139      117     330
5094010   385.2   386.2   1.0   0.265                            36.4     759      446   5,620
5094011   405.1   406.1   1.0   0.336     220 2.26 1.32    1.97  >100 >10,000  >10,000 >10,000
5094012   425.4   426.6   1.2   0.182               0.5    1.62  26.7     314    5,030 >10,000
5094127 1,060.2 1,063.2   3.0   0.187                      2.59  41.9   1,630      886 >10,000
5094128 1,063.2 1,065.3   2.1   0.092                            23.9     860    1,220   8,320
5094129 1,065.3 1,067.3   2.0   0.084                      1.55  11.6     489    2,210 >10,000
5094131 1,067.3 1,068.0   0.7   0.793                       9.5  93.8   2,850    4,520 >10,000
5094132 1,068.0 1,068.8   0.8   0.011                      7.88    82   2,360    4,020 >10,000
5094133 1,068.8 1,070.8   2.0    0.02                      3.74  37.1   1,180    1,500 >10,000
5094134 1,084.0 1,086.0   2.0    1.06                      2.37  33.8   2,860    3,100 >10,000


Based on the results of this round of sampling, the core was re-examined, and subsequently, more samples have been taken and those results are still pending, along with the results from the remaining two holes.

Gary Wong, PEng, a qualified person under the definition in National Instrument 43-101, has reviewed and approved the technical content of this release.

We seek Safe Harbor.

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