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El Ni�o
Ventures Inc. Reports Soil Geochemistry Sampling Results
on the Kasala Copper Project -- DRC
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March 11, 2010, Vancouver, Canada. El Ni�o Ventures Inc. ("ELN" or the "Company") (TSX.V: ELN; FSE:
E7Q) is pleased to announce the results of a
4071 sample soil geochemical sampling program from the Kasala Copper
Project in the Democratic Republic of the Congo (the "DRC"). Kasala
Block A was the subject of the Company's 2008 drill campaign. 35
Reverse Circulation (R.C.) drill holes totaling 3,336 meters and 15
diamond drill holes totaling 2,584 meters were completed on Kasala
Block A leading to the discovery of significant copper mineralization. Although
the Company has reduced the number of projects in the DRC, including
the Phoenix Project, the Kasala Project continues to be the Company's
main project.
The Soil geochemical sampling program was undertaken to test numerous
targets south and east of the Kasala Blocks A, B and C and expand upon
the area of soil geochemistry coverage on the exploration permit. Sampling
had commenced in December 2009 and was completed in late January 2010;
chemical analysis of the soil samples was completed by late February
2010. The sampling utilized Quality Alliance and Quality Control
protocols established during previous soil geochemical sampling
programs on the project.
Results
The sampling program has identified three new copper-in-soil anomalies
(Figure 1, below) which warrant additional investigation. The presence
of a narrow (150 to 200 meters in width) anomalous zone exceeding 1,200
meters in length has been identified approximately 2 kilometers
southeast of Kasala Block A. This copper-in-soil anomaly corresponds to
a Total Count radiometric anomaly (identified during the Company's 2007
airborne geophysical program) which is believed to result from potassic
alteration of rocks of the Roan Supergroup in contact with rocks of the
Kundelungu Supergroup. (See Figure 1)
Figure 1: Map showing
copper-in-soil values for El Ni�o Ventures Inc's recently completed
soil geochemical sampling program. This program has identified three
new copper-in-soil anomalies which are considered significant targets
for further evaluation
An anomaly in the northeast of the survey area is of a lower order of
copper mineralization but, notably, shows a high degree of correlation
with the western terminus of a strong Total Count radiometric anomaly
which exceeds 3 kilometers in length, and it is felt that this
radiometric anomaly may represent an important target for additional
work. The recent soil sampling was limited from proceeding further to
the east in this area by the presence of a marsh thus other sampling
techniques are being considered for use in subsequent programs.
The third new copper-in-soil anomaly is being referred to as the Kasala
Western Extension. It is immediately west and south of Kasala Block A.
Kasala Western Extension is a high order copper anomaly with a known
length of approximately 550 meters. As with the northeastern anomaly,
soil sampling in this area could not proceed further to the west due to
the presence of a marsh.
ELN is considering additional geochemical sampling programs on these
three new copper anomalies. The additional programs may also include
infill soil sampling, pitting, trenching, termite mound sampling and/or
auger drilling (particularly in marshy areas) to better define the
extent and nature of the mineralization, and allow the Company to
prioritize future drill programs across these zones.
About El Ni�o Ventures Inc.
El Ni�o Ventures is a mineral exploration company, focused on
copper/cobalt exploration in the DRC (see releases January 12, 2009 and
February 25, 2009). The Company holds a 50% interest in an extensive
base metal project located within the Bathurst mining camp in Ontario,
Canada. El Ni�o entered into an option agreement with Votorantim Metals
Canada Inc. and Xstrata Zinc Canada whereby Votorantim may earn a 50%
interest in El Ni�o's landholdings by expending $10 million over 5
years and may further increase its interest in El Ni�o's landholdings
to 70% by expending an additional $10 million over a further two years.
Please see release dated August 6, 2009.
Allan Lines (P.Geo.) is the Qualified Person responsible for reviewing
the technical results in this release.
On Behalf of the Board of
Directors
"Harry Barr"
Harry Barr, Chairman and Acting CEO
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Further information:
Contact: Mark Feeney at Toll free 1.800.667.1870 or Telephone: +1.604.683.4886
Email: info@elninoventures.com Fax 604.683.4887, or visit www.elninoventures.com
2303 West 41st Avenue, Vancouver, B.C. Canada V6M 2A3
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El Ni�o Ventures Inc. Reports Soil Geochemistry Sampling Results
on the Kasala Copper Project -- DRC
|
|
|
|
March 11, 2010, Vancouver, Canada. El Ni�o
Ventures Inc. ("ELN" or the
"Company") (TSX.V: ELN; FSE: E7Q) is pleased to announce the results of a 4071 sample soil
geochemical sampling program from the Kasala Copper Project in the
Democratic Republic of the Congo (the "DRC"). Kasala Block
A was the subject of the Company's 2008 drill campaign. 35 Reverse
Circulation (R.C.) drill holes totaling 3,336 meters and 15 diamond
drill holes totaling 2,584 meters were completed on Kasala Block A
leading to the discovery of significant copper mineralization. Although
the Company has reduced the number of projects in the DRC, including
the Phoenix Project, the Kasala Project continues to be the Company's
main project.
The Soil geochemical sampling program was undertaken to test numerous
targets south and east of the Kasala Blocks A, B and C and expand
upon the area of soil geochemistry coverage on the exploration
permit. Sampling had commenced in December 2009 and was completed in
late January 2010; chemical analysis of the soil samples was
completed by late February 2010. The sampling utilized Quality
Alliance and Quality Control protocols established during previous
soil geochemical sampling programs on the project.
Results
The sampling program has identified three new copper-in-soil
anomalies (Figure 1, below) which warrant additional investigation. The
presence of a narrow (150 to 200 meters in width) anomalous zone
exceeding 1,200 meters in length has been identified approximately 2
kilometers southeast of Kasala Block A. This copper-in-soil anomaly corresponds
to a Total Count radiometric anomaly (identified during the Company's
2007 airborne geophysical program) which is believed to result from
potassic alteration of rocks of the Roan Supergroup in contact with
rocks of the Kundelungu Supergroup. (See Figure 1)
Figure 1: Map
showing copper-in-soil values for El Ni�o Ventures Inc's recently
completed soil geochemical sampling program. This program has
identified three new copper-in-soil anomalies which are considered
significant targets for further evaluation
An anomaly in the northeast of the survey area is of a lower order of
copper mineralization but, notably, shows a high degree of
correlation with the western terminus of a strong Total Count
radiometric anomaly which exceeds 3 kilometers in length, and it is
felt that this radiometric anomaly may represent an important target
for additional work. The recent soil sampling was limited from proceeding further
to the east in this area by the presence of a marsh thus other
sampling techniques are being considered for use in subsequent
programs.
The third new copper-in-soil anomaly is being referred to as the
Kasala Western Extension. It is immediately west and south of Kasala
Block A. Kasala Western Extension is a high order copper anomaly with
a known length of approximately 550 meters. As with the northeastern
anomaly, soil sampling in this area could not proceed further to the
west due to the presence of a marsh.
ELN is considering additional geochemical sampling programs on these
three new copper anomalies. The additional programs may also include
infill soil sampling, pitting, trenching, termite mound sampling
and/or auger drilling (particularly in marshy areas) to better define
the extent and nature of the mineralization, and allow the Company to
prioritize future drill programs across these zones.
About El Ni�o Ventures Inc.
El Ni�o Ventures is a mineral exploration company, focused on
copper/cobalt exploration in the DRC (see releases January 12, 2009
and February 25, 2009). The Company holds a 50% interest in an
extensive base metal project located within the Bathurst mining camp
in Ontario, Canada. El Ni�o entered into an option agreement with
Votorantim Metals Canada Inc. and Xstrata Zinc Canada whereby
Votorantim may earn a 50% interest in El Ni�o's landholdings by
expending $10 million over 5 years and may further increase its
interest in El Ni�o's landholdings to 70% by expending an additional
$10 million over a further two years. Please see release dated August
6, 2009.
Allan Lines (P.Geo.) is the Qualified Person responsible for
reviewing the technical results in this release.
On Behalf of the Board of
Directors
"Harry Barr"
Harry Barr, Chairman and Acting CEO
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|
Further information:
Contact: Mark Feeney at Toll free 1.800.667.1870 or Telephone: +1.604.683.4886
Email: info@elninoventures.com
Fax 604.683.4887, or visit www.elninoventures.com
2303 West 41st Avenue, Vancouver, B.C. Canada
V6M 2A3
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
CUSIP# 28335E-10-6
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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Reports Soil Geochemistry Sampling Results
on the Kasala Copper Project -- DRC
|
|
|
|
March 11, 2010, Vancouver, Canada. El Ni�o Ventures Inc.
("ELN" or the "Company") (TSX.V: ELN; FSE: E7Q) is
pleased to announce the results of a 4071 sample soil geochemical
sampling program from the Kasala Copper Project in the Democratic
Republic of the Congo (the "DRC"). Kasala Block A was the
subject of the Company's 2008 drill campaign. 35 Reverse Circulation
(R.C.) drill holes totaling 3,336 meters and 15 diamond drill holes
totaling 2,584 meters were completed on Kasala Block A leading to the
discovery of significant copper mineralization. Although the Company
has reduced the number of projects in the DRC, including the Phoenix
Project, the Kasala Project continues to be the Company's main project.
The Soil geochemical sampling program was undertaken to test numerous
targets south and east of the Kasala Blocks A, B and C and expand upon
the area of soil geochemistry coverage on the exploration permit.
Sampling had commenced in December 2009 and was completed in late
January 2010; chemical analysis of the soil samples was completed by late
February 2010. The sampling utilized Quality Alliance and Quality
Control protocols established during previous soil geochemical sampling
programs on the project.
Results
The sampling program has identified three new copper-in-soil anomalies
(Figure 1, below) which warrant additional investigation. The presence
of a narrow (150 to 200 meters in width) anomalous zone exceeding 1,200
meters in length has been identified approximately 2 kilometers
southeast of Kasala Block A. This copper-in-soil anomaly corresponds to
a Total Count radiometric anomaly (identified during the Company's 2007
airborne geophysical program) which is believed to result from potassic
alteration of rocks of the Roan Supergroup in contact with rocks of the
Kundelungu Supergroup. (See Figure 1)
Figure 1: Map showing copper-in-soil values for El
Ni�o Ventures Inc's recently completed soil geochemical sampling
program. This program has identified three new copper-in-soil anomalies
which are considered significant targets for further evaluation
An anomaly in the northeast of the survey area is of a lower order of
copper mineralization but, notably, shows a high degree of correlation
with the western terminus of a strong Total Count radiometric anomaly
which exceeds 3 kilometers in length, and it is felt that this
radiometric anomaly may represent an important target for additional
work. The recent soil sampling was limited from proceeding further to
the east in this area by the presence of a marsh thus other sampling
techniques are being considered for use in subsequent programs.
The third new copper-in-soil anomaly is being referred to as the Kasala
Western Extension. It is immediately west and south of Kasala Block A.
Kasala Western Extension is a high order copper anomaly with a known
length of approximately 550 meters. As with the northeastern anomaly,
soil sampling in this area could not proceed further to the west due to
the presence of a marsh.
ELN is considering additional geochemical sampling programs on these
three new copper anomalies. The additional programs may also include
infill soil sampling, pitting, trenching, termite mound sampling and/or
auger drilling (particularly in marshy areas) to better define the
extent and nature of the mineralization, and allow the Company to
prioritize future drill programs across these zones.
About El Ni�o Ventures Inc.
El Ni�o Ventures is a mineral exploration company, focused on
copper/cobalt exploration in the DRC (see releases January 12, 2009 and
February 25, 2009). The Company holds a 50% interest in an extensive
base metal project located within the Bathurst mining camp in Ontario,
Canada. El Ni�o entered into an option agreement with Votorantim Metals
Canada Inc. and Xstrata Zinc Canada whereby Votorantim may earn a 50%
interest in El Ni�o's landholdings by expending $10 million over 5
years and may further increase its interest in El Ni�o's landholdings
to 70% by expending an additional $10 million over a further two years.
Please see release dated August 6, 2009.
Allan Lines (P.Geo.) is the Qualified Person responsible for reviewing
the technical results in this release.
On Behalf of the Board of
Directors
"Harry Barr"
Harry Barr, Chairman and Acting CEO
|
|
Further information:
Contact: Mark Feeney at Toll free 1.800.667.1870 or Telephone: +1.604.683.4886
Email: info@elninoventures.com
Fax 604.683.4887, or visit www.elninoventures.com
2303 West 41st Avenue, Vancouver, B.C. Canada V6M 2A3
To unsubscribe to our Email list, please click HERE
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 CUSIP#
28335E-10-6
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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