El Nino Ventures Ltd

Published : September 10th, 2013

$2 Million Exploration Program Approved for Bathurst Option Joint Venture Project, New Brunswick

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Keywords :   Aluminum | Brazil | Canada | Copper | Gold | Lead | Nickel | Silver | Zinc |

$2 Million Exploration Program Approved for
Bathurst Option Joint Venture Project, New Brunswick


 

  • $2 Million exploration program approved for the Bathurst Option Joint Venture Zinc-Lead-Copper-Silver project (BOJV), New Brunswick
  • Program focus to be drill testing of priority DIAGNOS exploration targets
  • DIAGNOS delivered 160 targets to Votorantim Canada, operator of the BOJV, of which 13 are ranked as priority targets
  • Field work on the priority targets is underway, to be followed by ground geophysical and geochemical surveys to optimize drill set-ups
  • Pending outcomes and results, drill testing to commence in late summer or early fall

September 10, 2013, Vancouver, BC; El Nino Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTCQX: ELNOF Frankfurt: E7Q) is pleased to provide an update on the exploration program planned in 2013 for the Bathurst Option Joint Venture Project (BOJV) with Votorantim Metals Canada Inc. (VMC) and Glencore (formely Xstrata Zinc Canada). The area of the BOJV covers much of the world-class Bathurst Mining Camp in north-central New Brunswick.

2013 Exploration Program

The BOJV management committee has approved a $2 million exploration program for the BOJV as proposed by VMC, who is the project operator.

The exploration program is focused on testing the exploration targets generated by DIAGNOS and validated by VMC. DIAGNOS was retained by VMC in September 2013 to use their proprietary Computer Aided Resources Detection System (CARDS) to identify target areas with a high statistical probability of being associated with base metal mineralization. DIAGNOS delivered 160 targets to VMC in March 2013.

Field checking of the DIAGNOS target areas is currently underway. The target areas are distributed throughout the Bathurst Mining Camp. The next steps in follow-up could be direct drilling of the targets or ground geophysical and geochemical surveys carried out to optimize drill set-ups. Pending outcomes and field work results, drill testing is slated to commence in late summer.

Qualified Persons Statement

This news release has been reviewed and approved for technical content by William Stone, Ph.D., P.Geo. who is a Qualified Person under the provisions of National Instrument 43-101.

Bathurst Option Joint Venture Project

The BOJV project is a Tri-Party Agreement with Xstrata Zinc Canada (now Glencore) and VMC covering much of the area of the Bathurst Mining Camp in northeastern New Brunswick (Figure 1). The project commenced in July 2009. VMC can earn 50% by spending $10 million over 5 years. VMC can further increase its interest to 70% by spending an additional $10 million over 2 more years. Exploration expenditures to date by VMC total about $6.7 million.

BOJV project originally consisted of 4712 claims owned 50% ELN and 50% Xstrata Zinc and 2907 claims owned 100% by Glencore, together with an Area of Interest in which ELN and Glencore hold equal interest. Due to the Area of Interest, the BOJV generates new projects for ELN at no initial cost. An example of such project generation for ELN is the Murray Brook Project.

Figure 1. Historical Land tenure map showing the location of properties, projects and mines in the Bathurst Mining Camp circa 2009

Votorantim Metals Canada Inc. Statement

Technical details in this news release were provided by VMC whose professional geologists conduct operations consistent with mineral industry best practices. VMC accepts no responsibility for this news release or any inferences made from the technical details provided herein.

About Votorantim Metals Canada Inc.

VMC is a subsidiary of Votorantim Metais a company that is part of the Votorantim Group that was founded in Brazil in 1918. The Votorantim Group operates in twenty countries and has over 40,000 employees. Votorantim Metais is the largest electrolytic nickel producer in Latin America and one of the world's leaders in the production of zinc, aluminum and nickel. VMC is operator of the Bathurst Option and Joint Venture which is actively exploring for base metal deposits within the Bathurst Mining Camp.

About El Nino Ventures Inc.

El Ni�o Ventures Inc. is an international exploration company, focused on exploring for lead, zinc, copper, silver and gold in New Brunswick, Canada and copper in the Democratic Republic of Congo ("DRC").


On Behalf of the Board of Directors


"Harry Barr"

Harry Barr
Chairman & CEO
El Nino Ventures Inc.


Further Information: Tel: +1 604 685 1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C., Canada, V5Z 3X7


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.

Cautionary Note Regarding Forward Looking Statements. Note: This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.

 

This email should not be construed as an offer to buy or sell securities of El Ni�o Ventures Inc.
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El Nino Ventures Ltd

EXPLORATION STAGE
CODE : ELN.V
ISIN : CA28335E3041
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El Nino Ventures is a silver and gold exploration company based in Canada.

El Nino Ventures holds various exploration projects in Canada.

Its main exploration properties are KASALA in Congo Dem. Rep. of and BATHURST and BANCROFT in Canada.

El Nino Ventures is listed in Canada and in Germany. Its market capitalisation is CA$ 3.1 millions as of today (US$ 2.5 millions, € 2.2 millions).

Its stock quote reached its highest recent level on August 15, 1997 at CA$ 9.90, and its lowest recent point on March 24, 2016 at CA$ 0.01.

El Nino Ventures has 61 610 000 shares outstanding.

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Financings of El Nino Ventures Ltd
10/4/2013Niño Ventures Inc. Announces Closing of Private Placement an...
9/11/2013and Private Placement - El Nino Ventures
4/8/2011Closes Non Brokered Private Placement
12/2/2009Closes $1.5 Million Non-Brokered Private Placement; Update o...
8/26/2009First Tranche Closing Non-brokered Private Placement
7/27/2009Ammends Terms of Non-Brokered Private Placement
Nominations of El Nino Ventures Ltd
9/25/2009Appoints Mr. Harry Barr as Chairman and Acting CEO
3/27/2008appoints senior geologist to head its exploration program in...
10/12/2007Announces Appointment of New Directors and Chief Executive O...
Project news of El Nino Ventures Ltd
2/25/2014(Bathurst)Exploration Update on the Bathurst Option Joint Venture Zinc...
9/10/2013(Bathurst)$2 Million Exploration Program Approved for Bathurst Option ...
5/2/2013(Bathurst)Development Update on the Murray Brook Zn-Cu-Pb-Ag Deposit, ...
1/16/2013(Bathurst)Releases Phase 1 Metallurgical Results for the Murray Brook ...
10/23/2012(Bathurst)Exploration Update on the Bathurst Option JV Base Metals Pro...
9/18/2012EXPANDS ITS PROJECT INTEREST WITH BRAZIL'S SECOND LARGEST MI...
9/7/2012Announces completion of its 35% Earn-In, Receives Notice of ...
8/28/2012announces a 122 metre thick mineralized interval of massive ...
7/17/2012(Bathurst)Drills 9.23 % Zinc, 108.7 gpt Silver, 0.18 % Copper, 0.336 g...
4/24/2012(Bathurst)Exploration Update on the Bathurst Mining Camp (BMC) Base Me...
3/27/20122012 Exploration Program on the Murray Brook Polymetallic Ba...
3/4/2012Northern Miner article: El Nino Ventures posts new resource ...
2/23/2011(Bathurst)2011 Exploration Program on the Bathurst Mining Camp, New Br...
3/11/2010(Kasala)Reports Soil Geochemistry Sampling Results on the Kasala Cop...
7/24/2009(Bathurst)Options Bathurst Project to VotorantimMetals Canada Inc.
2/25/2009(Kasala)Identifies Additional Targets On The Company's Kasala Projec...
2/1/2008intersects 10 meters of 3.50% Cu and 5 meters of 1.90% Cu, i...
10/17/2007Acquires Significant Land Position in Ireland
Corporate news of El Nino Ventures Ltd
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6/20/2016Early Warning Report
6/16/2016El Nino announces extension of private placement and issues ...
4/22/2016El Nino Announces Private Placement of up to $500,000; Negot...
7/10/2015Democratic Republic of the Congo (DRC) Corporate Update
4/9/2015MMG Limited Terminates Option Agreement with El Nino
10/27/2014El Nino Receives DRC Supreme Court Approval for All Arbitrat...
10/27/2014El Nino Receives DRC Supreme Court Approval for All Arbitrat...
9/23/2014El Nino Seeks Joint Venture Partner for Zinc-Lead Exploratio...
5/20/2014El Nino Options the Kasala Project to MMG Limited
4/2/2014El Nino Ventures Wins Final Award on all Costs of the Intern...
3/20/2014El Nino Ventures Inc. Grants Options
1/6/2014Wins International Commercial Arbitration Against George Kav...
7/23/2013(Bathurst)Positive Preliminary Economic Assessment for Murray Brook Zn...
6/5/2013(Bathurst)Positive Preliminary Economic Assessment for Murray Brook Zn...
11/13/2012Update from the Chairman
10/31/2012(Bathurst)Developing Bathurst's Largest NI 43-101 Polymetallic Deposit
10/2/2012Ni=F1o Ventures Inc. announces a 45.4 metre drill intersecti...
9/26/2012Niño Ventures retains Renmark Financial Communications
8/14/2012announces a 4.3% Zinc, 1.4% Lead and 54 g/t Silver over 81 M...
7/30/2012announces a 10.34 % Zinc, 126.0 gpt Silver, 0.29 % Copper, 1...
6/27/2012(Bathurst)continues to intersect High Grade Zinc, Gold and Silver Over...
6/5/2012(Bathurst)Announces High Grade Zinc, Gold and Silver intersections ove...
5/17/2012(Bathurst)Announces High Grade Zinc, Lead and Silver on Phase II 18,00...
5/11/2012(Bathurst)Ni=F1o Announces Initial 50% Earn-In for Murray Brook Projec...
4/17/2012Ni=F1o Ventures Inc. Announces SEDAR Filing of NI 43-101 Min...
2/28/2012(Bathurst)Announces an Initial NI 43-101 Mineral Resource Estimate for...
1/23/2012(Bathurst)Announces Additional High Grade Zinc, Lead and Silver Over B...
1/16/2012(Bathurst)Continues to Intersect High Grade Zinc, Lead and Silver Over...
11/28/2011(Bathurst)Reports High Grade Zinc, Lead and Silver over Broad intercep...
9/16/2011Joins OTCQX -- "ELNOF"
8/30/2011(Bathurst)Significant drill results continue to be intersected in the ...
7/12/2011Ni=F1o Ventures Announces $1=2C000=2C000=2C 6650 MeterDrill ...
5/24/2011amends press release of April 26, 2011
5/11/2011Up to 27 Metres (88.6 ft) of 9.56% Zinc; 122.1 g/t (3.56 opt...
4/25/2011An Interview of Harry Barr, Chairman and Acting CEO of El Ni...
4/11/2011DEMOCRATIC REPUBLIC OF CONGO (DRC) COURT RULES IN FAVOUR OF ...
3/7/2011Increases Private Placement to $2,000,000
3/4/2011Ni=F1o Ventures Appoints Colin Bird to Advisory Board
1/5/2011Hearing Update Regarding Claims Against George Kavvadias and...
6/24/2010Litigation in the DRC Dismissed; El Nino Files $850,000 Coun...
5/4/2010Votorantim Metals Canada Inc. finalizes Option/Joint Venture...
12/10/2009joins Agoracom and launches Online IR and Marketing Program
2/18/2009Joins the "Agoracom 100" and Launches Online IR and Marketin...
12/16/2008Completes Acquisition in the DRC
9/3/2008 at the Las Vegas Hard Assets Investment Conference
7/21/2008makes new Acquisition in the DRC
6/26/2008DRC Exploration Program Review and Update
5/13/2008DRC Exploration Program Update
5/5/2008Commences Irish Drill Program
4/14/200825,000 meter drill program underway in the Democratic Republ...
2/21/2008Update on Democratic Republic of Congo Projects
2/11/2008to Drill Irish Licences
2/4/2008acquires new Copper Project in the Democratic Republic of Co...
1/21/2008Update on Exploration Program in the Democratic Republic of ...
12/10/2007Update on Exploration program Project in the Democratic Repu...
11/28/2007 Completes 7,000 Meter Drill Program on Copper Project in th...
11/13/2007update on their drill program in the Democratic Republic of ...
11/6/2007New Office
10/25/2007expands drill program to 7,000 meters using a second drill r...
10/9/2007 5,000 meter drilling program in the Democratic Republic of ...
9/20/2007Identifies New Copper Mineralized Zone on Properties in the ...
8/20/2007to start 5,000 Meter Drill Program on their Democratic Repub...
8/2/2007to Commence Airborne Geophysics, Followed by Initial Drill P...
6/25/2007& Xstrata Zinc to Commence 25,000 m Drill Program on Bathurs...
6/22/2007Mining expertise helps El Nino Ventures find success
6/14/2007Begins Work on Copper Mountain Project in Democratic Republi...
6/11/2007Starts Operations in the (DRC) Congo and the Government of N...
4/20/2007Outlook for 2007 -2008 Work Program and Report on the Bathur...
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