| | | El Nino Commences Second Phase of Uranium Exploration, Bancroft Uranium Projects, Bancroft, Ontario | 
view PDF |
ELN News Sept 30 2005
|
|
| September
30, 2005, Vancouver, BC -- El Nino Ventures Inc. (TSX.V: ELN) is
pleased to announce the commencement of the second phase of exploration
on the Bancroft Uranium Project in early October.
The Project is comprised of eight properties in the Bancroft
region, well known for its historical uranium production from four
former producing mines. Under
two separate agreements, El Nino may earn up to 100% interest. |
|
| Preliminary
Exploration Program -- May 2005 |
| A
preliminary exploration program of geological and scintillometer
reconnaissance was conducted in May 2005 on all eight of the properties.
In addition, the Halo Property (North West Zone) and Amalgamated Rare
Earth Property, which host the largest historic uranium reserves (not
43-101 compliant), were targeted for more detailed exploration.
As described in the announcement
of July 18, 2005, the program for these properties included
mechanical stripping, scintillometer surveying, and chip and grab rock
sampling for uranium and thorium assaying, and was successful in
confirming the historically established grades.
Based on the results of this program, El Nino's consulting
geologist, T.J. Beesley, P.Eng., recommended a follow up deep drilling
program to verify down dip extension of uranium mineralization for these
properties. Details of this
program are in development. |
|
|
| Second
Phase Exploration -- October 2005 |
| The
goal of this second exploration program is to survey the remaining six
properties (please see Location Map, page 2) in greater detail, and will
include gridding, scintillometer surveying, geological mapping,
mechanical stripping, and chip and grab rock sampling for uranium and
thorium. The objective of
the second phase work is to confirm the original grades and establish
future exploration plans. The
Company is also actively seeking a joint venture partner to assist in
the future development of one or more of these properties. |
|
| The
Qualified Person for this Release is T.J. Beesley, P.Eng.. |
|
| About
El Nino Ventures Inc. |
| El
Nino is an exploration stage company whose ongoing two-part exploration
strategy is first, the acquisition of molybdenum and uranium projects,
and second, the acquisition of more advanced-stage mineral projects
which have the potential to generate early positive cash flow. |
|
| On
behalf of the board of directors |
|
| "Harry
Barr" |
| Harry
Barr, President |
|
|
| The
TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release |
| CUSIP#
28335E-10-6 |
| 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. |
|
|
|
| | You can view the Next News Releases item: Mon Oct 3, 2005, News Release
You can view the Previous News Releases item: Thu Sep 1, 2005, Listing Transfer from NEX to TSX Venture Exchange Tier 2, Symbol Change ELN
You can return to the main News Releases page, or press the Back button on your browser.
|
