| El Niño Exploration Update - Bathurst Zinc Mining Camp, Bathurst, New Brunswick, Option agreement with Falconbridge |  view PDF |
ELN News September 6, 2006
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September
6, 2006, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo") (TSX.V:
ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce that the
Titan 24 ground geophysical survey and line cutting are continuing on
the Bathurst/Zinc Base Metals Mining Camp as the company gets prepared
to commence a 23,000 metres (over 75,000 feet) drill program in
September 2006. The first of three drill rigs will be situated on
pre-established targets; Mount Fronsac North, Camel Back, and the Key
Anacon North Extension. The second rig will begin in October, and
will be located on the Carboniferous targets in the eastern portion of
the area. The third drill rig will be concentrating on the Titan 24
targets, identified along the Brunswick Horizon. Drilling
will be continuous from mid-September 2006 through March 2007.
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El
Niņo Ventures Inc. is also pleased to announce that an option agreement
was signed with Mr. Claude Willett and Mr. Lorenzo Noël of Bathurst,
N.B. This agreement will allow Falconbridge Limited, a subsidiary
of Xstrata plc and El Niņo to earn 100% of property by paying a total
of CDN $200,000.00 over 3 years.
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All
costs associated with this property are shared with
Falconbridge Limited, a subsidiary of Xstrata plc. The
property which consists of an additional 87 claims
totaling 1,392 hectares is located along the Brunswick
Mine Horizon just 20 km north of the Brunswick #12 mine.
A geological team visited the property back in June
2006, where they sampled and assayed a series of
boulders that returned significant zinc values: |
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Boulder
# 1 |
12.0%
Zn, 4.03% Pb, |
and
0.07% Cu |
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Boulder
# 2 |
8.71%
Zn, 3.05% Pb, |
and
0.19% Cu |
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New
Claims Staked |
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El
Niņo and Falconbridge Limited, a subsidiary of Xstrata
plc, also staked another 115 claims throughout the
summer. Thirty-six of those claims (Taylor Brook East)
will cover the western extension of the favorable
geology of the Heath Steele deposit. An additional
79 claims (Tozer Brook) was staked to cover the
stratigraphy that occurs in the Tomogonops River area.
A geoscientific compilation of the area has indicated
that the Brunswick Horizon is repeated and may extend
further south than previously thought. The Mega
TEM airborne EM survey defined extensive conductivity
throughout this area. |
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Mr.
Jean Luc Roy President of El Niņo, states, "We are very happy to
report to our valued shareholders that this major project is well
underway and that a steady flow of information over the next months will
be made available. We are moving our efforts forward to acquire advanced
exploration projects in Alaska and Europe."
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About
El Niņo Ventures Inc.
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El
Niņo is an exploration stage company currently developing an aggressive
global acquisition strategy. Our 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 Niņo has an Option/Joint Venture with Falconbridge
Limited, a subsidiary of Xstrata plc, to explore the world class
Bathurst Zinc / Base Metals Mining Camp in New Brunswick. El Niņo
is also exploring for uranium in the Bancroft uranium camp in Ontario.
El Niņo is currently negotiating on new projects in Alaska, and
Eastern/Central Europe.
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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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