| | Publié le 25 février 2009 | Identifies Additional Targets On The Company's Kasala Project In The DRC |
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El Nino Ventures Identifies Additional
Targets On The Company's Kasala Project In The DRC
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February 25, 2009 Vancouver,
BC -- El Ni�o Ventures Inc. ("ELN" and "the
Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased
to announce the results from an interpretation of geophysical and
geochemical data from its Kasala Project (P.R. 5214) in the DRC.
The study merged data from the recently completed Induced Polarization
("IP") survey with soil geochemistry, magnetic data from the
2007 airborne program and drill hole information from the 2008 drill
campaign to produce a detailed compilation of the Kasala Main Zone and
surrounding areas.
The interpretation identified a strong positive correlation between
magnetic data and soil geochemistry: magnetic highs within the Kasala
Main Zone correspond with high copper-in-soil values from the soil
geochemistry program.
Coincident magnetic highs and elevated copper-in-soil values identify a
surface expression for the Kasala Main Zone of approximately 1100
metres in length by 100 to 350 metres in width. Drilling conducted in
2008 confirmed a mineralized strike length of at least 800 metres and
the mineralization is open to the northwest, indicating that the
magnetics and soil geochemistry provide a reliable indication of the
presence of copper mineralization in the Kasala project area.
Based on this, the study has identified a zone to the east and
southeast of the Kasala Main Zone with similar magnetic and geochemical
signatures which the Company considers to represent a significant
target for its planned 2009 drill campaign. The surface expression of
the zone as identified in the study has a length of approximately 2500
to 2600 metres and ranges between 150 and 750 metres in width - an area
over three times as large as the Kasala Main Zone. The Company is
referring to this new zone as Kasala East. Figure 1 shows the Kasala
Main Zone and the newly identified Kasala East Zone.
Allan Lines, exploration manager for El Nino Ventures Inc., states that
"Kasala East is now our highest priority target. The similarity of
the magnetics and the soil geochemistry with that of the Kasala Main
Zone is encouraging, particularly as we attribute the magnetic
signature of Kasala Main to well mineralized iron stones of the Mwashya
Group - the Kasala East zone looks like a bigger, broader version of
the Kasala Main Zone. In fact, we are now sure that the Kasala Main
Zone is a fragment that has been faulted off from the north end of the
Kasala East Zone. We now plan to undertake more detailed soil
geochemistry and ground magnetics programs which will allow us to
better define our drill targets and plan a more effective drill
campaign for the coming field season".
Kasala Project - Drill Hole
with Residual Magnetics
This area received limited drill
testing during the 2008 campaign when two Reverse Circulation holes
MDB-055 and MDB-056 and one diamond hole MDB-DD-016 were collared on
the south flank of the zone. MDB-055 was found to contain low grade
copper mineralization -- 26 metres at 0.29% Cu from 52 to 78 metres.
These holes were collared on the south flank of the magnetic signature
and the drilling was going out of this zone. The plan for the 2009
drill program will be to test this zone by collaring the holes to the
north end of the zone and drilling into the structure.
Jean Luc Roy President & CEO of ELN states: "The
identification of the Kasala East Zone is a significant step forward
for our exploration programs in the Kasala project area. This new zone
has the potential to add considerable tonnage to our project, but also,
and perhaps more importantly, this gives us a reliable geological model
to identify additional targets in the area. Our objective for 2009 is
to do enough drilling to be able to have a resource calculation by the
end of the 2009 drilling campaign. We are now looking at different
alternatives available to the Company to secure the funds necessary to
do a minimum of 5,000 metres of drilling on the Kasala project and also
do exploration drilling on our new acquisition made with Phoenix Mining
SPRL".
The content of this press release has been reviewed by Mr. Benoit M.
Violette, P. Geo., consulting geologist and the Qualified Person under
NI-43-101.
About El Nino Ventures Inc
El Ni�o Ventures is a junior
exploration company, focused on exploring for Copper/Cobalt in the DRC.
El Ni�o has an option to acquire a 70% interest in over 350 square
kilometers in the world renowned copper belt in the DRC. In addition to
our Copper and Cobalt projects in the DRC, the Company has zinc
properties in Ireland and holds a 50 percent interest on an extensive
land package in the Bathurst Mining Camp with Xstrata Zinc Canada.
The focus of the Company going
forward will be the development of its Kasala Copper Project in the DRC
and working on its other very prospective research permits in the DRC.
El Nino Ventures reported earlier the following results from its Kasala
Project. The Company anticipates drilling a minimum of 5,000 meters on
the project this year and also intends to do exploration drilling on
their research permit they acquired with Phoenix Mining. Following is
the highlights of the 2008 drill program on the Kasala Project:
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Numerous intercepts with widths from 50 metres to 91 metres of over 1%
Cu mineralization
. High grade intercepts:
- 7 metres @ 7.07% Cu (Hole
MDB-DD-019)
- 10 metres @ 6.07% Cu (Hole MDB-DD-011B)
- 11 metres @ 3.68% Cu (Hole MDB-027)
- 21 metres @ 2.42% Cu (Hole MDB-026)
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On Behalf of the Board of
Directors
"Jean Luc Roy"
Jean Luc Roy, President and CEO
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For further information,
please call toll free 1.877.895.6466
Telephone: +1.604.683.4886
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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.
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<
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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$, 2,2 millions €). La valeur de son action a atteint son plus haut niveau récent le 15 août 1997 à 9,90 CA$, 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... |
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