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new nadina explorations ltd (NNA) Snapshot

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new nadina explorations ltd (NNA) Details

New Nadina Explorations Limited engages in the acquisition, exploration, and development of mineral properties in British Columbia, Saskatchewan, Northwest Territories, and Nunavut. It primarily explores for diamond, silver, and gold ores. The company owns a 57.49% interest in the Monument Diamond Property located on the south shore of Lac de Gras in the Northwest Territories. It also owns a 100% interest in Silver Queen Property that consists of 17 crown-granted and 42 tenure claims covering approximately 17,089.19 hectares located in the Omineca Mining Division, south of Houston, British Columbia. New Nadina Explorations Limited was incorporated in 1964 and is based in Greenwood, Canada.

Founded in 1964

new nadina explorations ltd (NNA) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$155.1K
Chief Financial Officer and Secretary
Total Annual Compensation: C$38.7K
Compensation as of Fiscal Year 2013.

new nadina explorations ltd (NNA) Key Developments

New Nadina Explorations Ltd. Auditor Raises 'Going Concern' Doubt

New Nadina Explorations Ltd. filed its Annual on Dec 05, 2013 for the period ending Aug 31, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

New Nadina Explorations Ltd., Annual General Meeting, Jan 07, 2014

New Nadina Explorations Ltd., Annual General Meeting, Jan 07, 2014., at 11:00 Pacific Standard Time. Location: Suite 300. Agenda: To receive and consider the report of the directors; to receive and consider the audited financial statements for the fiscal year ended august 31, 2013; to appoint auditors for the ensuing year and to authorize the directors to fix the remuneration to be paid to the auditors; to fix the number of directors at three and to elect directors to hold office until the next annual general meeting; to approve the proposed stock option plan of the company and to authorize the directors to make modifications thereto in accordance with the plan and the policies of the TSX venture exchange; to approve a special resolution for the adoption of a new set of articles for the company; to approve an ordinary resolution to ratify, approve and confirm all lawful acts, contracts, proceedings, appointments and payments of money of and by the directors of the company since the date of the company's last annual general meeting; and to transact such other business as may properly come before the meeting.

New Nadina Explorations Ltd. Announces Drilling Results of its Cu-Mo-Au Silver Queen Property

New Nadina Explorations Ltd. announced the results of the 2012-2013 diamond drilling program at their 100% owned, road accessible, Cu-Mo-Au Silver Queen property, located 35 kilometers south of Houston, BC. Drilling commenced on the Silver Queen property on November 12, 2012 and terminated on February 23, 2013. During this time period, six HQ/NQ2 holes (4,413.3 m) were drilled. Holes 12S-01 and 12S-02 were drilled in November and December 2012. The remaining holes were drilled in January and February 2013. The drilling contractor was Cutting Edge Diamond Drilling Inc. based in Kelowna B.C. Analytical work was done by SGS Canada Inc., an accredited laboratory located in Burnaby B.C. The purpose of the 2012-2013 drilling program was to further test Target B (2012 Titan IP chargeability anomaly) and to determine the extent of porphyry Cu-Mo-Au mineralization encountered in the 2011 drilling program. Three of the seven holes drilled in 2011 were successful in intersecting encouraging grade Cu-Mo-Au mineralization. This mineralization, named the Itsit porphyry deposit, occurs as a quartz stock work zone within a feldspar porphyry intrusion of probable Late Cretaceous age. All of the 2012-2013 drill holes, with the exception of drill hole 12S-03, targeted this zone and all of these holes encountered low grade Cu-Mo-Au mineralization similar to that intersected in the 2011 program. Drill hole 12S-03 tested Target C, an IP chargeability anomaly north of the Itsit deposit, but only encountered sporadic vein controlled mineralization near the bottom of the drill hole. Hole 12S-01 was collared approximately 400 meters southwest of drill holes 11S-03 and 11S-01, both of which intersected significant Cu-Mo mineralization as chalcopyrite and molybdenite associated with quartz vein stock works. The main purpose of this hole, which was drilled due east at an inclination of -69 degrees, was to test the Target B IP anomaly and the southerly extent of the mineralization encountered in 2011. Hole 12S-01 entered the mineralized zone below a shallow dipping fault at a depth of 154.5 meters, bottoming in mineralization at 836.5 meters. The core was weakly to moderately mineralized with the best values between 349.5 and 623.5 meters (0.319% Cu Eq). This hole suggests the Itsit porphyry mineralization extends at least 400 meters further southwest than previously known and remains open in his direction and at depth. Hole 12S-02 was collared 55 meters northeast of drill holes 11S-03 and 11S-01 and was drilled due north at an initial inclination of -80 degrees. At 206 meters this hole entered a zone of low grade Cu-Mo-Au mineralization that lies below a shallow east dipping fault zone. This same fault zone was encountered in the nearby 2011 drill holes. The best grade mineralization was between 467 and 980.4 meters which graded 0.322% Cu Eq. Grades started to drop off below 980.4 meters to the end of the hole at 1010.4 meters. Hole 12S-03 was designed to test Target C, a strong IP chargeability anomaly located north of the Itsit deposit. This hole was collared 870 meters north of hole 12S-02 and was drilled at azimuth 225 and initial inclination of -61 degrees. This hole intersected weakly to un-mineralized fragmental volcanics and rhyolite over its entire length. As a result sampling (3 meter intervals) was only done every 12 to 15 metres. Two of these intervals (752-755 and 800-803) near and at the bottom of the hole returned Cu values of 0.579% and 0.335% respectively. Drill hole 12S-04 was collared approximately 369 meters northeast of drill hole 12S-02 and was designed to test the extent of porphyry mineralization in this direction. This hole was drilled at azimuth 160 and initial inclination of -82 degrees. Significant Cu-Mo-Au mineralization hosted by altered feldspar porphyry was encountered at 319 meters, immediately below a shallow dipping fault. This is believed to be the same fault that was intersected in drill holes located southwest of 12S-04. Low grade Cu-Mo-Au mineralization hosted by altered feldspar porphyry continued to 391 meters at which point the drill rods became seized and the hole was lost. Drill hole 12S-05 was collared approximately 140 meters southwest of 12S-04 and 226 meters northeast of 12S-02. This hole was drilled at azimuth 303 and initial inclination of -65 degrees and went to a length of 777 meters. This hole was designed to further test the Target B IP anomaly and the northerly extent of mineralization that was encountered in 12S-02. At 198 meters this hole passed through the same shallow dipping fault zone intersected in adjacent holes and entered a zone of low grade Cu-Mo-Au mineralization hosted by altered feldspar porphyry. The best grades were over a 144 meter interval between 306 to 450 meters which averaged 0.379 grams per tone Au, 0.279% Cu and 0.041% Mo (0.655% Cu Eq). This intersection represents one of the best encountered on the property to date. This mineralization remains open to depth and to the north. Additional drilling is required to determine the ultimate extent of this zone. The final hole of the 2012-2013 program, 12S-06, was collared approximately 185 meters north of 12S-01 and was drilled vertically to a depth of 592.7 meters. This hole intersected low grade Cu-Mo-Au mineralization hosted by altered feldspar porphyry below 101 meters after passing through the same shallow dipping fault encountered in adjacent drill holes. Mineralization continued to the end of the hole with the best grades between 260 and 353 meters (0.249% Cu Eq). The 2012-2013 drilling program has significantly expanded the known extent of Cu-Mo-Au mineralization on the Silver Queen property. Additional drilling is required to determine the ultimate limits of this mineralization and the overall size of the Itsit deposit. Although the mineralization encountered to date has been sub economic, there remains a chance that better grade mineralization could be encountered with additional drilling. The drilling program has also shown that the Target B IP chargeability anomaly is associated with porphyry style mineralization. A significant part of this anomaly still remains untested. New Nadina is committed to continued exploration of the Silver queen property.

 

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