| Exploration Activities Commence on El Nino - Falconbridge - Bathurst Zinc Project, Bathurst Zinc Mining Camp, New Brunswick |  view PDF |
ELN News July 19, 2006
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July
19, 2006, Vancouver, BC -- El Nino Ventures Inc. (TSX.V: ELN;
OTCBB: ELNOF; Frankfurt: E7Q) is pleased to report
that line cutting crews have mobilized to the Bathurst Project
in preparation for the summer ground geophysical surveys.
The exploration program for this year consists of deep
penetrating ground geophysical surveys (Distributed Array IP/MT
System Survey -- TITAN 24) and diamond drilling focused on the
highly productive geological stratigraphy defined by the
Brunswick Horizon. |
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Geophysical surveys -
Titan 24 and diamond drilling
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Program 25,000 m/ approx
34 holes/ 3 rigs slated for Sept.
- Budget
$5.0 Million
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A
270 line km geophysical survey is proposed over a series
of target areas that are located along the prolific
Brunswick Horizon
including areas between the Brunswick #12 Mine
and Brunswick #6 Mine. Other areas include Flat Landing
Brook, Stratmat West, Mount Fronsac North and Camel
Back. These areas
contain significant Zn, Pb, Cu and Ag mineralization.
The TITAN 24 surveys will expand the search
penetration to greater depths and prospect for large
tonnage deposits on the western portion of the mining
camp. |
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This part of the Bathurst Mining Camp will
be tested with 15,000 m of diamond drilling whereas an
additional 10,000 m will test the eastern part of the
camp where the Brunswick Horizon is interpreted to
extend underneath the Carboniferous cover for a strike
length of more than 45 km. |
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The
34 diamond drill hole program totaling 25,000 m (over 82,000
feet) of drilling will employ three drill rigs and is scheduled
to extend from September 2006 to the end of March 2007.
The majority of the funds contributed by El Nino to the
initial program will be devoted to diamond drilling. |
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About
the Bathurst Agreement |
El
Nino Ventures has the opportunity to earn a 50% interest in
a large number of mineral claims and two permitted areas held by
Falconbridge occupying approximately 108,800 hectares
(approximately 268,850 acres). In order to vest with a 50%
interest El Nino is required to spend $5.0 million on
exploration by March 31, 2008 with a minimum expenditure of $2.5
million by March 31, 2007. Falconbridge is the Project Operator.
(see details May
26, 2006 news release) |
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About
El Nino Ventures Inc. |
El
Nino is an exploration stage company currently developing an
aggressive global acquisition strategy.
The business model is to revisit former mining
regions, apply new technologies to advanced stage exploration
targets, and aggressively acquire new projects.
Our present focus is on Canada, Alaska, and Eastern /
Central Europe. In
Canada, El Nino has an Option / Joint Venture with Falconbridge
Ltd. to explore the world class Bathurst Zinc / Base Metals
Mining Camp in New Brunswick.
The Company is also exploring for uranium in the Bancroft
uranium. |
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On
Behalf of the Board of Directors, |
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 |
Jean
Luc Roy |
President
& COO |
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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 |
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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