El Niņo Ventures
Inc.
is a junior exploration company focusing its efforts on
copper exploration in the Democratic Republic of Congo (DRC) and base
metals exploration in the Bathurst Mining Camp in Bathurst New
Brunswick, through an option joint venture agreement with Xstrata Zinc
Canada.
Exploring for Copper in the Democratic Republic of Congo
On May 29, 2007 El Niņo Ventures ("El Niņo") announced to the world, the acquisition of over 350 square kilometers in one of the richest areas for Copper exploration on the planet, the Democratic Republic of Congo ("DRC").
Jean Luc Roy, President & CEO of El Niņo Ventures secured a 70% initial interest with an option to earn up to 90% on a property located in the Central African Copper Belt. The property is located near known companies such as Anvil Mining, Tiger Resources, and BHP
Billiton.
With over 19 years of experience in Africa and six of those years spent in the
(DRC) as the Managing Director of First Quantum Minerals, Jean Luc has the ability and extensive contacts to fast track
El Niņo's exploration efforts on this project.
On October 10, 2007 El Niņo announced the start of 5000 meters of reverse circulation drilling in the
(DRC). These will be shallow holes to depths of 100 meters by 200 meter spacing. Results of this drill program should be out by November 2007, with the drilling to be completed prior to the beginning of the rainy season in the Congo.
"Our first set of assay results, recently reported
from our initial drill program, have demonstrated that
we are in a highly mineralized area. Additional assay
results from our drill program will be reported when
received. Our 2008 drill program, scheduled to commence
in April 2008, is now being finalized"
Jean
Luc Roy, President & CEO
El Niņo Ventures
Feb. 2008
25,000 Meter Drill Program In the Bathurst Mining Camp
El Niņo is currently in the second year of its option/joint venture agreement with Xstrata Zinc Canada, whereby
El Niņo can earn up to 50% of Xstrata's land claims in the Bathurst Mining Camp by spending $10 million. $5 million of that coming from a government grant from the province of New Brunswick. We will be capping off this two year agreement with a 25,000 meter drill program on 18 targets we identified last year using the Titan 24 Deep Earth Imaging System. This drill program will utilize five rigs running 24 hours a day until March 2008.
