![](../style/all/img/drapeau/grand/Canada.gif) | | Publié le 21 juillet 2008 | makes new Acquisition in the DRC |
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![](http://www.elninoventures.com/i/news_images/exploration_through_innovation-2.jpg) |
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EL NI�O VENTURES MAKES NEW ACQUISITION IN THE DRC
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July 21, 2008, Vancouver, BC -- El Ni�o Ventures Inc. ("ELN" and "the Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that it has signed a Letter of Intent with Phoenix Mining Corporation (PMC) a Congolese mining company, to earn into a 70 percent interest on Research Permit (PR) 9316 in the DRC Copperbelt.
PMC was granted exclusive rights to explore this area under a contract, signed with the Centre de Recherches Geologiques et Minieres (CRGM), a Congolese government agency on July 4, 2008. Under the terms of the Letter of Intent ELN will be the Operator of the exploration programs to be developed for this Permit.
The Permit which occupies just over 25 square kilometers, is underlain by highly prospective geology which is what attracted ELN into this agreement .
![](http://www.elninoventures.com/i/maps/map_attachment_072108ELN_sm.jpg) Research Permit 9316
This permit is located just north of Lubumbashi and its southern boundary is located just south of the Likasi Road/Airport road junction. The terrain is generally flat, with a range of low hills in the NW corner (these hils are oriented N-S, divergent from the regional geological trend of NW-SE) and a lone, low hill in the central portion portion of the permit.
This permit is underlain (approximately 50%) by uppermost Roan (Mwashya Formation) sediments (blue color on the attached map) -- these same rocks (on the same structure) host the Luiswishi Mine (less than 5 km to the NW of PR 9316), the Ruashi Mine owned by Metorex out of South Africa (approx 8 Km SE) and the Etoile Mine (approx 14 Km SE). All these world class deposits are currently in operation. The other 50% of the underlain geology is Kundelungu sediments (green on the attached map) and some Holocene cover. The contact between the Mwashya and the Kundulungu is mineralised at the three mines referred to above. At least two faults (interpreted from regional maps and filtered satellite imagery) cut the Mwashya (see maps) and these are favourable structures prospective for mineralisation.
The permit has excellent infrastructure including hard-surfaced roads, rail and electrical high tension power lines. Access is good and exploration can easily be undertaken year-round. Current artisanal workings on the Permit will be investigated by ELN and all historical exploration data will be collected to better define our exploration efforts of the next few months.
![](http://www.elninoventures.com/i/maps/map_attachment_072108ELN_1sm.jpg) Geological map of the area with location of known existing mines
Under the terms of this agreement ELN can earn into a 70 percent interest by making a payment of $200,000 USD which payment will become payable upon the regulatory approval. ELN will be the program operator and will be reponsable for all exploration and developments costs on this property. ELN will issue PMC or its principals 100,000 ELN shares on each anniversary date of this agreement for three years to a maximum total of 300,000 shares.
![](http://www.elninoventures.com/i/maps/map_attachment_072108ELN_2sm.jpg) Surrounding permits of 9316 and underlying Geology
Jean Luc Roy President & CEO of ELN states: This acquisition is consistent with the company's philosophy of acquiring highly prospective exploration ground. The location of this Permit is what attracted us to this Permit as it lies on the same mineralized trend of world class operating mines in the area. With year-round exploration on this highly accessible property, our shareholders will benefit from a constant news flow. We will have immediate access to this ground and our intentions is to fast-track exploration. Our drilling program in the DRC is on-going and our new sample prep laboratory is now on site. We look forward to sharing the results from drill programs as they come in.
About El Ni�o Ventures
El Ni�o Ventures is a junior exploration company, whose corporate objective is to revisit former mining regions and apply the latest technologies to advanced stage exploration targets. El Ni�o has an option to acquire a 70% interest in over 350 square kilometers in the world renowned copper belt in the Democratic Republic of Congo ("DRC"). In addition to our copper and cobalt projects in the DRC, the Company has its project with Xstrata on the Bathurst Mining Camp and has started drilling on its Ireland properties.
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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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This email should not be construed as an offer to buy or sell securities of El Ni�o Ventures Inc. |
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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 |
![](../style/fr/img/pixel_blanc.gif) |
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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