New Nadina Finds Porphyry Target at Silver Queen
22 July 2011 - 7:43AM
Marketwired
New Nadina Explorations Limited (TSX VENTURE: NNA) announces they
have completed an aeromagnetic and ZTEM airborne geophysical survey
and a follow up Titan 24 ground survey over its mineral claim group
at the Silver Queen project, south of Houston, BC. A preliminary
interpretation of the data has identified two new geophysical
targets south and east of the former producing No 3 Vein at the
Silver Queen mine. An image showing locations can be viewed on the
Company website: www.nadina.com.
The first - the Titan A target - is part of a two and half
kilometer long trend mapped by the ZTEM survey. The known Silver
Queen vein system sits at the north-west end and central part of
the trend and the Titan A target sits close to the south-east end
of this trend. The Titan A target is characterized as electrically
resistive and chargeable and is interpreted to be a potential vein
type system of the Silver Queen type.
Close to the Titan A target, to the east and below it, is the
Titan B target. This is a conductive zone, with an associated high
chargeability. The geophysical character of the Titan B target
indicates that it could be a buried porphyry type bulk tonnage
deposit. Preliminary depth estimates to the top of the Titan B
target are on the order of 350 meters. This target is a blind
geophysical target and can only be tested by drilling. The
geophysical interpretation of the geological setting of the Titan B
target is that it is close to an intrusive stock-like body that
sits below the Silver Queen Vein system, and that it is located in
a jog of a large regional fault zone. This jog may be a zone of
accommodation where the regional structure passes close to the
stock-like body.
Both the Titan A and Titan B targets are untested by historical
drilling to the best knowledge of the New Nadina Exploration team.
There were eight Titan 24 lines run, results from the four lines
(3.6km each) has resulted in these two targets. Two lines extending
over the south end of Owen Lake have not shown target potential.
Modeling of the two lines covering George and Cole Lake areas are
pending.
ZTEM is a new natural source airborne electromagnetic method
operated by Geotech airborne of Mississauga, Ontario. It can
routinely penetrate to depths in excess of one kilometer and is
particularly suited to the exploration for bulk tonnage
disseminated porphyry type targets. It is also sensitive to large
resistive zones such as silicified vein systems. Titan24 is a high
powered, state of the art, deep penetrating induced polarization
and magnetotelluric ground based system operated by Quantec
Geoscience of Toronto Ontario. Depths of investigation greater than
300 meters are routinely achieved with the Titan24 system.
Interpretation of the new geophysical data acquired over the
Silver Queen project is ongoing at the Advanced Geophysical
Interpretation Centre of Mira Geoscience in Vancouver, British
Columbia for New Nadina. The ZTEM, aeromagnetic, and Titan24 data
will be used in conjunction with the ongoing geological mapping and
surface prospecting program at the Silver Queen project to direct
the 8,000 meter summer drill program planned for this year at the
Silver Queen project by New Nadina Explorations Ltd.
The geophysical data in this press release has been reviewed by
Peter Kowalczyk P.Geo., a qualified person within the terms of NI
43-101 standards.
ON BEHALF OF THE BOARD
Ellen Clements, President and Chief Executive Officer
"Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release."
Contacts: New Nadina Explorations Limited Ellen Clements (250)
445 2260 or Toll Free: 1 800 856 3966 (250) 445 2259 (FAX)
nadina2005@shaw.ca www.nadina.com
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