| | Publié le 23 février 2011 | 2011 Exploration Program on the Bathurst Mining Camp, New Brunswick |
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2011 Exploration Program on the Bathurst Mining Camp, New Brunswick
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�
Five
million dollar exploration program planned for the next fiscal year
April 2011- March 2012
�
Airborne
and ground geophysics, 10,000 meter drill program planned
�
Drilling
to begin in the spring of 2011
�
Targets
outlined from the 2010 and ongoing Q1-2011 exploration programs
, Vancouver,
Canada. -- El Ni�o Ventures Inc. ("ELN" and the "Company")
(TSX.V: ELN; Frankfurt: E7Q) is pleased to provide an update of proposed exploration
activities for its Bathurst Mining Camp El Nino Xstrata Zinc JV project
in Bathurst, New Brunswick in option/joint venture agreement with Votorantim Metals Canada Inc.
An extensive exploration program is planned for the next fiscal
year April 2011 -- March 2012 which will take advantage of recent
technological advances in exploration and employ new methods that have
seen little or no previous application in the Bathurst Mining Camp
(BMC). While there remains the potential to discover near surface deposits, this program has the capability to detect
large buried sulfide deposits at depths of up to 300 meters.
In May 2011, a Fugro Airborne Gravity Gradiometry survey is planned for the property.
This survey will provide better resolution than earlier fixed wing
gravity systems and may be able to directly detect large buried massive
sulfide seposits. This survey will screen MegaTEM anomalies and help plan further detailed
ground geophysical surveys, such as TEM, Titan 24, as well as
prioritize diamond drilling efforts.
A focused 10,000 metre drill program is
planned to commence in the spring of 2011.
The drilling program will test several specific targets that are the
result of previous exploration initiatives.
The fiscal 2011-2012 year program is currently budgeted at $5.0M.
About the Bathurst Mining Camp (BMC) Project
The BMC Project is comprised of 2335 claims currently
owned 50% El Nino/50% Xstrata Zinc, and 1698 claims owned 100% by
Xstrata Zinc. Under the terms of the Votorantim
Metals, Xstrata Zinc and El Nino option/joint venture agreement, Votorantim can earn a 50% interest in those claims
by incurring exploration expenditures of $10 million over a period of 5
years. Votorantim Metals may further elect to
increase its interest to 70% by spending another $10 million over an
additional two years. The option/joint venture agreement also
identifies an Area of Interest in which each of El Nino, Xstrata Zinc
and Votorantim Metals can participate in
acquisitions made by the other. Currently, Votorantim
Metals has option agreements with 341 claims held by third parties in
the Area of Interest in respect of which El Nino and Xstrata Zinc have
certain unexercised participation rights. Earlier drilling campaigns
delineated several historical deposits of lead, zinc and copper
mineralization within the 2335 claims in which El Nino currently holds
50% interest (see June 4, 2008 press release).
About Votorantim Metals Canada Inc.
Votorantim Metals Canada Inc. is a subsidiary
of Votorantim Metals, a company that is part
of the Votorantim Group, which was founded in
Brazil in 1918 and now operates in over twenty countries and has over
forty-five thousand employees. Votorantim
Metals is the largest electrolytic nickel producer in Latin America and
one of the world's leaders in production of zinc and aluminium.
About El Ni�o Ventures Inc.
El Ni�o Ventures Inc. is a mineral exploration company focused on
base metals exploration and development internationally. In addition to
its interest in the BMC Project, El Nino is also focused on a copper
project in the Democratic Republic of Congo. The Kasala
discovery is one of the first green fields copper discoveries in the
last 10 years in the Central African Copper Belt.
The company is aggressively negotiating to acquire new projects to
add to its current portfolio.
On Behalf of the Board of Directors,
"Harry Barr"
Harry Barr, Chairman and Acting CEO
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2011 Exploration Program on the Bathurst Mining Camp, New
Brunswick
|
|
�
Five
million dollar exploration program planned for the next fiscal year
April 2011- March 2012
�
Airborne
and ground geophysics, 10,000 meter drill program planned
�
Drilling
to begin in the spring of 2011
�
Targets
outlined from the 2010 and ongoing Q1-2011 exploration programs
February 23, 2011, Vancouver, Canada. -- El Ni�o Ventures Inc.
("ELN" and the "Company") (TSX.V: ELN; Frankfurt:
E7Q) is pleased to provide
an update of proposed exploration activities for its Bathurst Mining
Camp El Nino Xstrata Zinc JV project in Bathurst, New Brunswick in
option/joint venture agreement with Votorantim
Metals Canada Inc.
An extensive exploration program is planned for the next
fiscal year April 2011 -- March 2012 which will take advantage of
recent technological advances in exploration and employ new methods
that have seen little or no previous application in the Bathurst
Mining Camp (BMC). While there remains the potential to discover near
surface deposits, this program has the
capability to detect large buried sulfide deposits at depths of up to
300 meters.
In May 2011, a Fugro Airborne Gravity Gradiometry survey is planned for the property.
This survey will provide better resolution than earlier fixed wing gravity
systems and may be able to directly detect large buried massive
sulfide seposits. This survey will screen MegaTEM anomalies and help plan further detailed
ground geophysical surveys, such as TEM, Titan 24, as well as
prioritize diamond drilling efforts.
A focused 10,000 metre drill program is
planned to commence in the spring of 2011.
The drilling program will test several specific targets that are the
result of previous exploration initiatives.
The fiscal 2011-2012 year program is currently budgeted at $5.0M.
About the Bathurst Mining Camp (BMC) Project
The BMC Project is comprised of 2335 claims currently
owned 50% El Nino/50% Xstrata Zinc, and 1698 claims owned 100% by
Xstrata Zinc. Under the terms of the Votorantim
Metals, Xstrata Zinc and El Nino option/joint venture agreement, Votorantim can earn a 50% interest in those
claims by incurring exploration expenditures of $10 million over a
period of 5 years. Votorantim Metals may
further elect to increase its interest to 70% by spending another $10
million over an additional two years. The option/joint venture
agreement also identifies an Area of Interest in which each of El
Nino, Xstrata Zinc and Votorantim Metals
can participate in acquisitions made by the other. Currently, Votorantim Metals has option agreements with 341
claims held by third parties in the Area of Interest in respect of
which El Nino and Xstrata Zinc have certain unexercised participation
rights. Earlier drilling campaigns delineated several historical
deposits of lead, zinc and copper mineralization within the 2335
claims in which El Nino currently holds 50% interest (see June 4,
2008 press release).
About Votorantim Metals Canada Inc.
Votorantim Metals Canada Inc. is a
subsidiary of Votorantim Metals, a company
that is part of the Votorantim Group, which
was founded in Brazil in 1918 and now operates in over twenty
countries and has over forty-five thousand employees. Votorantim Metals is the largest electrolytic
nickel producer in Latin America and one of the world's leaders in
production of zinc and aluminium.
About El Ni�o Ventures Inc.
El Ni�o Ventures Inc. is a mineral exploration company focused on
base metals exploration and development internationally. In addition
to its interest in the BMC Project, El Nino is also focused on a
copper project in the Democratic Republic of Congo. The Kasala discovery is one of the first green fields
copper discoveries in the last 10 years in the Central African Copper
Belt.
The company is aggressively negotiating to acquire new projects to
add to its current portfolio.
On Behalf of the Board of Directors,
"Harry Barr"
Harry Barr, Chairman and Acting CEO
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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.
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.
|
|
|
|
("ELN" and the "Company")
(TSX.V: ELN; Frankfurt: E7Q) is pleased to provide an update of proposed
exploration activities for its Bathurst Mining Camp El Nino Xstrata Zinc JV
project in Bathurst, New Brunswick in option/joint venture agreement with Votorantim Metals Canada Inc.
An
extensive exploration program is planned for the next fiscal year April
2011 -- March 2012 which will take advantage of recent technological
advances in exploration and employ new methods that have seen little or no
previous application in the Bathurst Mining Camp (BMC). While there remains
the potential to discover near surface deposits, this
program has the capability to detect large buried sulfide deposits
at depths of up to 300 meters.
In May 2011, a Fugro Airborne Gravity Gradiometry survey is planned for the property. This
survey will provide better resolution than earlier fixed wing gravity
systems and may be able to directly detect large buried massive sulfide seposits. This survey will screen MegaTEM
anomalies and help plan further detailed ground geophysical surveys, such
as TEM, Titan 24, as well as prioritize diamond drilling efforts.
A focused 10,000 metre drill program is
planned to commence in the spring of 2011.
The drilling program will test several specific targets that are the result
of previous exploration initiatives.
The fiscal 2011-2012 year program is currently budgeted at $5.0M.
About the Bathurst Mining Camp (BMC) Project
The BMC
Project is comprised of 2335 claims currently owned 50% El Nino/50%
Xstrata Zinc, and 1698 claims owned 100% by Xstrata Zinc. Under the terms
of the Votorantim Metals, Xstrata Zinc and El
Nino option/joint venture agreement, Votorantim
can earn a 50% interest in those claims by incurring exploration
expenditures of $10 million over a period of 5 years. Votorantim
Metals may further elect to increase its interest to 70% by spending
another $10 million over an additional two years. The option/joint venture
agreement also identifies an Area of Interest in which each of El Nino,
Xstrata Zinc and Votorantim Metals can
participate in acquisitions made by the other. Currently, Votorantim Metals has option agreements with 341 claims
held by third parties in the Area of Interest in respect of which El Nino
and Xstrata Zinc have certain unexercised participation rights. Earlier
drilling campaigns delineated several historical deposits of lead, zinc and
copper mineralization within the 2335 claims in which El Nino currently
holds 50% interest (see June 4, 2008 press release).
About Votorantim Metals Canada Inc.
Votorantim Metals Canada Inc. is a subsidiary of Votorantim Metals, a company that is part of the Votorantim Group, which was founded in Brazil in 1918
and now operates in over twenty countries and has over forty-five thousand
employees. Votorantim Metals is the largest
electrolytic nickel producer in Latin America and one of the world's
leaders in production of zinc and aluminium.
About El Ni�o Ventures Inc.
El Ni�o Ventures Inc. is a mineral exploration company focused on base
metals exploration and development internationally. In addition to its
interest in the BMC Project, El Nino is also focused on a copper project in
the Democratic Republic of Congo. The Kasala
discovery is one of the first green fields copper discoveries in the last
10 years in the Central African Copper Belt.
The company is aggressively negotiating to acquire new projects to add
to its current portfolio.
On Behalf of the Board of Directors,
"Harry Barr"
Harry Barr, Chairman and Acting CEO
|
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.
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.
Données et statistiques pour les pays mentionnés : Canada | Tous Cours de l'or et de l'argent pour les pays mentionnés : Canada | Tous
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El Nino Ventures Ltd
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EXPLORATEUR |
CODE : ELN.V |
ISIN : CA28335E3041 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
El Nino Ventures est une société d’exploration minière d'argent et d'or basée au Canada. El Nino Ventures détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont KASALA en Republique Democratique Du Congo et BATHURST et BANCROFT au Canada. El Nino Ventures est cotée au Canada et en Allemagne. Sa capitalisation boursière aujourd'hui est 3,1 millions CA$ (2,5 millions US$, 2,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 août 1997 à 9,90 CA$, et son plus bas niveau récent le 24 mars 2016 à 0,01 CA$. El Nino Ventures possède 61 610 000 actions en circulation. |
Financements de El Nino Ventures Ltd |
Nominations de El Nino Ventures Ltd |
Projets de El Nino Ventures Ltd |
|
Communiqués de Presse de El Nino Ventures Ltd |
20/06/2016 | EL NINO CLOSES PRIVATE PLACEMENT AND ISSUES EARLY WARNING RE... |
20/06/2016 | Early Warning Report |
16/06/2016 | El Nino announces extension of private placement and issues ... |
22/04/2016 | El Nino Announces Private Placement of up to $500,000; Negot... |
10/07/2015 | Democratic Republic of the Congo (DRC) Corporate Update |
09/04/2015 | MMG Limited Terminates Option Agreement with El Nino |
27/10/2014 | El Nino Receives DRC Supreme Court Approval for All Arbitrat... |
27/10/2014 | El Nino Receives DRC Supreme Court Approval for All Arbitrat... |
23/09/2014 | El Nino Seeks Joint Venture Partner for Zinc-Lead Exploratio... |
20/05/2014 | El Nino Options the Kasala Project to MMG Limited |
02/04/2014 | El Nino Ventures Wins Final Award on all Costs of the Intern... |
20/03/2014 | El Nino Ventures Inc. Grants Options |
06/01/2014 | Wins International Commercial Arbitration Against George Kav... |
23/07/2013 | (Bathurst)Positive Preliminary Economic Assessment for Murray Brook Zn... |
05/06/2013 | (Bathurst)Positive Preliminary Economic Assessment for Murray Brook Zn... |
13/11/2012 | Update from the Chairman |
31/10/2012 | (Bathurst)Developing Bathurst's Largest NI 43-101 Polymetallic Deposit |
02/10/2012 | Ni=F1o Ventures Inc. announces a 45.4 metre drill intersecti... |
26/09/2012 | Niño Ventures retains Renmark Financial Communications |
14/08/2012 | announces a 4.3% Zinc, 1.4% Lead and 54 g/t Silver over 81 M... |
30/07/2012 | announces a 10.34 % Zinc, 126.0 gpt Silver, 0.29 % Copper, 1... |
27/06/2012 | (Bathurst)continues to intersect High Grade Zinc, Gold and Silver Over... |
05/06/2012 | (Bathurst)Announces High Grade Zinc, Gold and Silver intersections ove... |
17/05/2012 | (Bathurst)Announces High Grade Zinc, Lead and Silver on Phase II 18,00... |
11/05/2012 | (Bathurst)Ni=F1o Announces Initial 50% Earn-In for Murray Brook Projec... |
17/04/2012 | Ni=F1o Ventures Inc. Announces SEDAR Filing of NI 43-101 Min... |
28/02/2012 | (Bathurst)Announces an Initial NI 43-101 Mineral Resource Estimate for... |
23/01/2012 | (Bathurst)Announces Additional High Grade Zinc, Lead and Silver Over B... |
16/01/2012 | (Bathurst)Continues to Intersect High Grade Zinc, Lead and Silver Over... |
28/11/2011 | (Bathurst)Reports High Grade Zinc, Lead and Silver over Broad intercep... |
16/09/2011 | Joins OTCQX -- "ELNOF" |
30/08/2011 | (Bathurst)Significant drill results continue to be intersected in the ... |
12/07/2011 | Ni=F1o Ventures Announces $1=2C000=2C000=2C 6650 MeterDrill ... |
24/05/2011 | amends press release of April 26, 2011 |
11/05/2011 | Up to 27 Metres (88.6 ft) of 9.56% Zinc; 122.1 g/t (3.56 opt... |
25/04/2011 | An Interview of Harry Barr, Chairman and Acting CEO of El Ni... |
11/04/2011 | DEMOCRATIC REPUBLIC OF CONGO (DRC) COURT RULES IN FAVOUR OF ... |
07/03/2011 | Increases Private Placement to $2,000,000 |
04/03/2011 | Ni=F1o Ventures Appoints Colin Bird to Advisory Board |
05/01/2011 | Hearing Update Regarding Claims Against George Kavvadias and... |
24/06/2010 | Litigation in the DRC Dismissed; El Nino Files $850,000 Coun... |
04/05/2010 | Votorantim Metals Canada Inc. finalizes Option/Joint Venture... |
10/12/2009 | joins Agoracom and launches Online IR and Marketing Program |
18/02/2009 | Joins the "Agoracom 100" and Launches Online IR and Marketin... |
16/12/2008 | Completes Acquisition in the DRC |
03/09/2008 | at the Las Vegas Hard Assets Investment Conference |
21/07/2008 | makes new Acquisition in the DRC |
26/06/2008 | DRC Exploration Program Review and Update |
13/05/2008 | DRC Exploration Program Update |
05/05/2008 | Commences Irish Drill Program |
14/04/2008 | 25,000 meter drill program underway in the Democratic Republ... |
21/02/2008 | Update on Democratic Republic of Congo Projects |
11/02/2008 | to Drill Irish Licences |
04/02/2008 | acquires new Copper Project in the Democratic Republic of Co... |
21/01/2008 | Update on Exploration Program in the Democratic Republic of ... |
10/12/2007 | Update on Exploration program Project in the Democratic Repu... |
28/11/2007 | Completes 7,000 Meter Drill Program on Copper Project in th... |
13/11/2007 | update on their drill program in the Democratic Republic of ... |
06/11/2007 | New Office |
25/10/2007 | expands drill program to 7,000 meters using a second drill r... |
09/10/2007 | 5,000 meter drilling program in the Democratic Republic of ... |
20/09/2007 | Identifies New Copper Mineralized Zone on Properties in the ... |
20/08/2007 | to start 5,000 Meter Drill Program on their Democratic Repub... |
02/08/2007 | to Commence Airborne Geophysics, Followed by Initial Drill P... |
25/06/2007 | & Xstrata Zinc to Commence 25,000 m Drill Program on Bathurs... |
22/06/2007 | Mining expertise helps El Nino Ventures find success |
14/06/2007 | Begins Work on Copper Mountain Project in Democratic Republi... |
11/06/2007 | Starts Operations in the (DRC) Congo and the Government of N... |
20/04/2007 | Outlook for 2007 -2008 Work Program and Report on the Bathur... |
Publication de commentaires terminée |
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