| | | Second Phase of Uranium Exploration Complete, Bancroft Uranium Projects, Bancroft, Ontario | 
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ELN News Nov 29 2005
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| November
29, 2005, Vancouver, BC -- Further to the announcement of September
30, 2005, El Nino Ventures Inc. (TSX.V: ELN) is pleased to
announce that it has now completed its second exploration program on the
Bancroft uranium properties, on which the Company may earn a 100%
interest. This focus of this program was detailed exploration on
six of the eight uranium properties in the Bancroft uranium mining camp.
In conjunction with the May 2005 program, which targeted the Halo and
Amalgamated Rare Earth properties, the entirety of El Nino's Bancroft
properties have now been examined. |
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| The
objective for each of the properties was to bracket occurrences of
anomalous radioactivity, and confirm the original U308 grades, through a
program of gridding, mapping, mechanical stripping, and chip and grab
rock sampling. All existing trenches and workings were tied into
the grid and surveyed by scintillometer, and representative samples of
higher radioactivity were taken on each of the six grids. The
samples were taken are now undergoing laboratory analysis for U3O8 and
ThO2 content. |
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| The
Company currently awaits assay results in order to establish any
correlation between anomalous radioactivity and U3O8 content, as well as
to develop recommendations for further exploration. El Nino is also
actively seeking a joint venture partner to assist in the future
development of one or more of its Bancroft uranium projects. |
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| About
Bancroft Uranium |
| The
Bancroft region of Ontario is historically renowned for its mineral
resources and its uranium production, supporting four producing uranium
mines for periods between 1956 and 1982. El Nino plans to employ
technological advances to further explore and delineate these known
resources.
The
Qualified Person for this Release is T.J. Beesley, P.Eng. |
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| 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. |
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| On
behalf of the board of directors |
|
| "Harry
Barr" |
| Harry
Barr, President |
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| The
TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release |
| CUSIP#
28335E-10-6 |
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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.
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You can view the Previous News Releases item: Fri Nov 25, 2005, El Nino Completes Anderson Lake Prospecting and Sampling, Anderson Lake Molybdenum Property, Thunder Bay, Ontario
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