New Nadina Explorations Limited (TSX VENTURE: NNA) has received a favorable decision from the Surface Rights Board (SRB) to explore on private property at its 100% owned Silver Queen property near Houston BC at Owen Lake. The decision comes from a hearing held in March where the Company requested a right to enter to conduct non-winter drilling and clarification of prior rights on DL3425. The Order grants that New Nadina shall have the right of entry to and access across certain privately owned lands and can commence drilling September 1, 2017 or on an earlier date if agreed to by the landowner. Conditions conform to the existing permit to work.
Approximately 5,200 metres of drilling (12 holes) will test a 250m area of the 12S-05 NG3 Vein intercept area. This vein is epithermal within the porphyry and is close to a steeply plunging cylindrical shape where geophysics shows a non-chargeable but very conductive resistivity low signature that could indicate massive sulphides. This anomalous system will also be drill tested.
Funds will be raised to finance the September drill program where drilling will be from two sites located in the northwest section of the Itsit Porphyry deposit. The vein intercept is located 300 metres further east of the previously known easterly extent of the NG-3 Vein and contains higher silver than elsewhere. This epithermal section of the vein is much higher grade, is of substantial width and within a sizable unexplored area.
12S-05 AZ (UTM): 303° Inclination: -65.2° Hole Depth: 777m
|True width (m)||Silver (g/t)||Gold
|332.5 to 338.0||2.2||1,580.8||3.15||1.25||0.90||0.48|
|410.5 to 419.75||3.70||166.6||2.3||0.26||0.22||0.90|
The NG3 vein is open to depth and to the east. It is not seen in surface outcrops due to glacial till overburden. The goal of the proposed drill program is to prove substantial value that will justify underground work including drifting and diamond drilling which would be directed towards proving a resource estimate. Surface drilling is required initially to test this target prior to making the decision for more extensive underground work, whether by a new decline or by an extension of the existing workings.