April 12, 2005: Vancouver, BC -- El Nino Ventures Inc. (TSX.H: ELN, OTCBB: ELNOF) is pleased to announce that it has entered into two separate agreements whereby it may earn a 100% interest in eight uranium properties in the Bancroft area of Ontario.
Uranium was discovered in the Bancroft area in 1922, but it was the discovery in 1952 of the Bicroft deposit in Cardiff Township that started the major exploration programs of 1954 -- 1957, resulting in the discovery of at least 125 occurrences. Extensive trenching and surface diamond drilling was done on most of the deposits, with underground exploration and evaluation performed on a number of the more promising ones. A second phase of exploration, resulting in a additional discoveries, occurred in the late 1960s -- early 1970s, during which time work was also done to re-evaluate and expand some of the deposits using geophysics and surface diamond drilling. Since the mines in the area were shut down in the early 1980s, no further exploration has been completed in the Bancroft area.
Please click on the hyperlink to view entire news release
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission. This email should not be construed as an offer to buy or sell securities of this company.
To unsubscribe to our Email list, please click on the link below: