| | Publié le 23 juillet 2013 | Positive Preliminary Economic Assessment for Murray Brook Zn-Cu-Pb-Ag Deposit, Bathurst Mining Camp, |
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Positive Preliminary Economic Assessment for Murray Brook Zn-Cu-Pb-Ag Deposit, Bathurst Mining Camp, New Brunswick filed on SEDAR |
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Highlights:
- Pre-production capital requirements $261 million
- Mill throughput of 2 million tonnes of ore per annum - 6,000 tonnes per day
- Life of Mine 9.5 years
- Life of Mine Production: 239,000 tonnes of copper concentrate, 122,000 tonnes of lead concentrate and 770,000 tonnes of zinc concentrate
- Total Net Smelter Return Revenue $1,246 million
- Further metallurgical studies planned
- Excellent exploration upside with additional drilling plans on adjacent Camel Back Claims
July 23, 2013 Vancouver, BC; El Nino Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN; OTCQX: ELNOF Frankfurt: E7Q) is pleased to announce the SEDAR filing of the NI 43-101 Preliminary Economic Assessment ("PEA") for the Murray Brook polymetallic massive sulfide deposit, New Brunswick (the "Project"). The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of 11.4%, and a payback period of 5.4 years (see news release).
The PEA was prepared by P&E Mining Consultants Inc. under the supervision of Eugene Puritch, P. Eng. of P&E Mining Consultants Inc. Mr. Puritch is an independent QP in accordance with NI 43-101.
Qualified Persons Statement
The PEA was prepared under the supervision of Eugene Puritch, P. Eng. of P&E Mining Consultants Inc. Mr. Puritch is an independent QP in accordance with NI 43-101 and has reviewed and approved the technical information in this release. The information in this release was reviewed by Dr. William Stone, Executive Vice President of Exploration of ELN and a QP as defined by NI43-101.
About El Ni�o Ventures Inc. Bathurst Projects
El Ni�o Ventures Inc. has two active projects in the Bathurst Mining Camp;
1. Murray Brook Project
The Murray Brook Project is located 60 km west of Bathurst, in the northwest part of the Bathurst Mining Camp (Figure 1). The Murray Brook deposit is a zinc-lead-copper-silver massive sulphide which is the subject of a recently completed Preliminary Economic Assessment. The project is supported by excellent infrastructure including paved roads, grid electricity and communities to provide goods, services and skilled labour.
ELN and VMC currently own 100% of the Murray Brook Project and VMC is the operator. Under a purchase agreement signed by VMC on August 28, 2012 with Murray Brook Minerals and Murray Brook Resources Inc. (collectively the "Owners"), VMC acquired the right to purchase, in addition to its 35% interest, the additional 30% of the Murray Brook Project from the Owners. The purchase agreement between VMC and the Owners provides for staged payments totaling $6 million over 5 years and a 0.25% NSR payable to the Owners after one year of commercial production. VMC provided ELN with the option to purchase an additional 15% in the Murray Brook Project as required by an underlying Amending Agreement dated September 30, 2010 between Xstrata Zinc (now Glencore Xstrata PLC), VMC and ELN (see reference to the BOJV Tri-Party Agreement above). ELN did not elect to exercise the option and consequently at this time the Joint Venture remains at VMC 65%: ELN 35%.
Figure 1. Murray Brook Project and Camel Back property location map, Bathurst Mining Camp, New Brunswick.
To date, more than 28,000 metres of drilling has been completed on the Murray Brook Project. The first NI43-101 mineral resource estimation and the first metallurgical results were published in press releases dated February 2012 and January 2013, respectively. On June 5, 2013 a positive Preliminary Economic Assessment was announced (see news release). The results of the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property. The projected cash flows indicate an after-tax NPV at a 5% discount rate of $96.4 million, an IRR of 11.4%, and a payback period of 5.4 years (see news release). The NI43-101 Technical Report is now filed on SEDAR and is also available on the ELN website (see www.elnventures.com).
2. Bathurst Option Joint Venture
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.
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 in conjunction with Glencore and El Nino Ventures 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 zinc, lead, 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.
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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 |
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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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