| | Published : July 24th, 2009 | Options Bathurst Project to VotorantimMetals Canada Inc. |
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El Ni�o Ventures Options Bathurst Project to Votorantim Metals
Canada Inc.
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July 22, 2009 Vancouver, BC -- El Ni�o Ventures Inc.
("ELN" and the "Company")
(TSX.V: ELN; Frankfurt: E7Q) is very pleased to announce
that Votorantim Metals Canada Inc. (Votorantim) has elected to enter
into a Memorandum of Understanding (MOU) with the Company concerning a
geological due diligence and subsequent option Agreement whereby
Votorantim may elect to earn up to a 70% interest in 1805 mineral
claims in the Bathurst Mining Camp, New Brunswick, in which ELN owns
50% interest and Xstrata Canada Corporation -- Xstrata Zinc Canada
Division (Xstrata Zinc), owns 50% interest.
Votorantim Metals Canada Inc. is a subsidiary of Votorantim Metais
which is part of the Votorantim Group which was founded in Brazil in
1918 and now operates in fifteen countries with over sixty thousand
employees. Votorantim Metais is the largest electrolytic nickel
producer in Latin America and a worldwide leader in zinc production as
well as a significant producer of aluminum and steel.
The tripartite MOU is between Votorantim, ELN and Xstrata Zinc whereby
Votorantim may elect, upon satisfactory completion of a geological due
diligence, to enter into a subsequent option agreement to earn up to a
70% interest in mineral claims (the "Property") comprised of
1805 claims owned 50% ELN 50% Xstrata, 2907 claims owned 100% by
Xstrata Zinc, together with an Area of interest in which ELN and
Xstrata Zinc hold equal interests.
Votorantim may earn a 50% interest in the Property by incurring
exploration expenditures of $10 million over a period of 5 years and
may further elect to increase its interest to 70% by spending another
$10 million over an additional two years. Upon Votorantim vesting with
50% interest in the Property ELN will retain a 25% interest in the 1805
claims as well as a 25% interest in any mineral claims staked
subsequently by the parties within the Area of interest. Should
Votorantim increase its interest to 70% then ELN interest would be
reduced to 15% from 25%, respectively.
Several historical tonnage and grade estimates exist for zinc and
copper mineralisation occurring within the 1805 claims in which ELN
currently holds 50% interest, which were derived from earlier drilling
campaigns.
ELN would also like to report that Mr. Morris Medd has resigned from
the Board of Directors of the Company. The Company would like to thank
Mr. Medd for his contributions to the Company.
Mr Jean Luc Roy, President & CEO of El Nino states: "We
welcome the opportunity to be involved with Votorantim on our
properties in the Bathurst Mining Camp. We believe that their
involvement will bring out the true value of our properties with
significant exploration commitment."
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El Ni�o Ventures Options Bathurst Project to Votorantim Metals
Canada Inc.
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July 22, 2009 Vancouver, BC -- El Ni�o Ventures Inc.
("ELN" and the "Company")
(TSX.V: ELN; Frankfurt: E7Q) is very pleased to announce
that Votorantim Metals Canada Inc. (Votorantim) has elected to enter
into a Memorandum of Understanding (MOU) with the Company concerning a
geological due diligence and subsequent option Agreement whereby
Votorantim may elect to earn up to a 70% interest in 1805 mineral
claims in the Bathurst Mining Camp, New Brunswick, in which ELN owns
50% interest and Xstrata Canada Corporation -- Xstrata Zinc Canada
Division (Xstrata Zinc), owns 50% interest.
Votorantim Metals Canada Inc. is a subsidiary of Votorantim Metais
which is part of the Votorantim Group which was founded in Brazil in
1918 and now operates in fifteen countries with over sixty thousand
employees. Votorantim Metais is the largest electrolytic nickel
producer in Latin America and a worldwide leader in zinc production as
well as a significant producer of aluminum and steel.
The tripartite MOU is between Votorantim, ELN and Xstrata Zinc whereby
Votorantim may elect, upon satisfactory completion of a geological due
diligence, to enter into a subsequent option agreement to earn up to a
70% interest in mineral claims (the "Property") comprised of
1805 claims owned 50% ELN 50% Xstrata, 2907 claims owned 100% by
Xstrata Zinc, together with an Area of interest in which ELN and Xstrata
Zinc hold equal interests.
Votorantim may earn a 50% interest in the Property by incurring
exploration expenditures of $10 million over a period of 5 years and
may further elect to increase its interest to 70% by spending another
$10 million over an additional two years. Upon Votorantim vesting with
50% interest in the Property ELN will retain a 25% interest in the 1805
claims as well as a 25% interest in any mineral claims staked
subsequently by the parties within the Area of interest. Should Votorantim
increase its interest to 70% then ELN interest would be reduced to 15%
from 25%, respectively.
Several historical tonnage and grade estimates exist for zinc and
copper mineralisation occurring within the 1805 claims in which ELN
currently holds 50% interest, which were derived from earlier drilling
campaigns.
ELN would also like to report that Mr. Morris Medd has resigned from
the Board of Directors of the Company. The Company would like to thank
Mr. Medd for his contributions to the Company.
Mr Jean Luc Roy, President & CEO of El Nino states: "We
welcome the opportunity to be involved with Votorantim on our
properties in the Bathurst Mining Camp. We believe that their
involvement will bring out the true value of our properties with significant
exploration commitment."
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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,
Mark Feeney, Tel: 1.604.786.2587
mfeeney@elninoventures.com
Telephone: +1.604.683.4886
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HERE
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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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("ELN" and the
"Company") (TSX.V: ELN; Frankfurt: E7Q) is very pleased to announce
that Votorantim Metals Canada Inc. (Votorantim) has elected to enter into a
Memorandum of Understanding (MOU) with the Company concerning a geological
due diligence and subsequent option Agreement whereby Votorantim may elect to
earn up to a 70% interest in 1805 mineral claims in the Bathurst Mining Camp,
New Brunswick, in which ELN owns 50% interest and Xstrata Canada Corporation
-- Xstrata Zinc Canada Division (Xstrata Zinc), owns 50% interest.
Votorantim Metals Canada Inc. is a subsidiary of Votorantim Metais which is
part of the Votorantim Group which was founded in Brazil in 1918 and now
operates in fifteen countries with over sixty thousand employees. Votorantim
Metais is the largest electrolytic nickel producer in Latin America and a
worldwide leader in zinc production as well as a significant producer of
aluminum and steel.
The tripartite MOU is between Votorantim, ELN and Xstrata Zinc whereby
Votorantim may elect, upon satisfactory completion of a geological due
diligence, to enter into a subsequent option agreement to earn up to a 70%
interest in mineral claims (the "Property") comprised of 1805
claims owned 50% ELN 50% Xstrata, 2907 claims owned 100% by Xstrata Zinc,
together with an Area of interest in which ELN and Xstrata Zinc hold equal
interests.
Votorantim may earn a 50% interest in the Property by incurring
exploration expenditures of $10 million over a period of 5 years and may
further elect to increase its interest to 70% by spending another $10 million
over an additional two years. Upon Votorantim vesting with 50% interest in
the Property ELN will retain a 25% interest in the 1805 claims as well as a
25% interest in any mineral claims staked subsequently by the parties within
the Area of interest. Should Votorantim increase its interest to 70% then ELN
interest would be reduced to 15% from 25%, respectively.
Several historical tonnage and grade estimates exist for zinc and copper
mineralisation occurring within the 1805 claims in which ELN currently holds
50% interest, which were derived from earlier drilling campaigns.
ELN would also like to report that Mr. Morris Medd has resigned from the
Board of Directors of the Company. The Company would like to thank Mr. Medd
for his contributions to the Company.
Mr Jean Luc Roy, President & CEO of El Nino states: "We welcome the
opportunity to be involved with Votorantim on our properties in the Bathurst
Mining Camp. We believe that their involvement will bring out the true value
of our properties with significant exploration commitment."
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : ELN.V |
ISIN : CA28335E3041 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
El Nino Ventures is a silver and gold exploration company based in Canada. El Nino Ventures holds various exploration projects in Canada. Its main exploration properties are KASALA in Congo Dem. Rep. of and BATHURST and BANCROFT in Canada. El Nino Ventures is listed in Canada and in Germany. Its market capitalisation is 2.4 millions as of today (US$ 1.9 millions, € 1.8 millions). Its stock quote reached its highest recent level on August 15, 1997 at 9.90, and its lowest recent point on March 24, 2016 at 0.01. El Nino Ventures has 47 442 200 shares outstanding. |
Financings of VanEck Vectors Global Alternative Energy ETF |
Nominations of VanEck Vectors Global Alternative Energy ETF |
Project news of VanEck Vectors Global Alternative Energy ETF |
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Corporate news of VanEck Vectors Global Alternative Energy ETF |
6/20/2016 | EL NINO CLOSES PRIVATE PLACEMENT AND ISSUES EARLY WARNING RE... |
6/20/2016 | Early Warning Report |
6/16/2016 | El Nino announces extension of private placement and issues ... |
4/22/2016 | El Nino Announces Private Placement of up to $500,000; Negot... |
7/10/2015 | Democratic Republic of the Congo (DRC) Corporate Update |
4/9/2015 | MMG Limited Terminates Option Agreement with El Nino |
10/27/2014 | El Nino Receives DRC Supreme Court Approval for All Arbitrat... |
10/27/2014 | El Nino Receives DRC Supreme Court Approval for All Arbitrat... |
9/23/2014 | El Nino Seeks Joint Venture Partner for Zinc-Lead Exploratio... |
5/20/2014 | El Nino Options the Kasala Project to MMG Limited |
4/2/2014 | El Nino Ventures Wins Final Award on all Costs of the Intern... |
3/20/2014 | El Nino Ventures Inc. Grants Options |
1/6/2014 | Wins 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... |
11/13/2012 | Update from the Chairman |
10/31/2012 | (Bathurst)Developing Bathurst's Largest NI 43-101 Polymetallic Deposit |
10/2/2012 | Ni=F1o Ventures Inc. announces a 45.4 metre drill intersecti... |
9/26/2012 | Niño Ventures retains Renmark Financial Communications |
8/14/2012 | announces a 4.3% Zinc, 1.4% Lead and 54 g/t Silver over 81 M... |
7/30/2012 | announces 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... |
4/17/2012 | Ni=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... |
9/16/2011 | Joins OTCQX -- "ELNOF" |
8/30/2011 | (Bathurst)Significant drill results continue to be intersected in the ... |
7/12/2011 | Ni=F1o Ventures Announces $1=2C000=2C000=2C 6650 MeterDrill ... |
5/24/2011 | amends press release of April 26, 2011 |
5/11/2011 | Up to 27 Metres (88.6 ft) of 9.56% Zinc; 122.1 g/t (3.56 opt... |
4/25/2011 | An Interview of Harry Barr, Chairman and Acting CEO of El Ni... |
4/11/2011 | DEMOCRATIC REPUBLIC OF CONGO (DRC) COURT RULES IN FAVOUR OF ... |
3/7/2011 | Increases Private Placement to $2,000,000 |
3/4/2011 | Ni=F1o Ventures Appoints Colin Bird to Advisory Board |
1/5/2011 | Hearing Update Regarding Claims Against George Kavvadias and... |
6/24/2010 | Litigation in the DRC Dismissed; El Nino Files $850,000 Coun... |
5/4/2010 | Votorantim Metals Canada Inc. finalizes Option/Joint Venture... |
12/10/2009 | joins Agoracom and launches Online IR and Marketing Program |
2/18/2009 | Joins the "Agoracom 100" and Launches Online IR and Marketin... |
12/16/2008 | Completes Acquisition in the DRC |
9/3/2008 | at the Las Vegas Hard Assets Investment Conference |
7/21/2008 | makes new Acquisition in the DRC |
6/26/2008 | DRC Exploration Program Review and Update |
5/13/2008 | DRC Exploration Program Update |
5/5/2008 | Commences Irish Drill Program |
4/14/2008 | 25,000 meter drill program underway in the Democratic Republ... |
2/21/2008 | Update on Democratic Republic of Congo Projects |
2/11/2008 | to Drill Irish Licences |
2/4/2008 | acquires new Copper Project in the Democratic Republic of Co... |
1/21/2008 | Update on Exploration Program in the Democratic Republic of ... |
12/10/2007 | Update on Exploration program Project in the Democratic Repu... |
11/28/2007 | Completes 7,000 Meter Drill Program on Copper Project in th... |
11/13/2007 | update on their drill program in the Democratic Republic of ... |
11/6/2007 | New Office |
10/25/2007 | expands drill program to 7,000 meters using a second drill r... |
10/9/2007 | 5,000 meter drilling program in the Democratic Republic of ... |
9/20/2007 | Identifies New Copper Mineralized Zone on Properties in the ... |
8/20/2007 | to start 5,000 Meter Drill Program on their Democratic Repub... |
8/2/2007 | to Commence Airborne Geophysics, Followed by Initial Drill P... |
6/25/2007 | & Xstrata Zinc to Commence 25,000 m Drill Program on Bathurs... |
6/22/2007 | Mining expertise helps El Nino Ventures find success |
6/14/2007 | Begins Work on Copper Mountain Project in Democratic Republi... |
6/11/2007 | Starts Operations in the (DRC) Congo and the Government of N... |
4/20/2007 | Outlook for 2007 -2008 Work Program and Report on the Bathur... |
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