El Nino Outlook for 2007 -2008 Work Program and Report on the Bathurst Mining Camp First Year Results
April 19, 2007, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo")
(TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce that
the province of New Brunswick has committed funding for the second and last year
of the exploration program of the option period which has started on April 1st,
2007, and will terminate on March 31st, 2008. The program will consist of ground
geophysical surveys (Titan 24), a review of the airborne Mega TEM data, soil
geochemical surveys followed-up by a diamond drilling program. At this stage, it
is proposed to survey five main target areas with the Titan 24 ground
geophysical survey system totaling approximately 135 line km. A diamond drilling
program testing the Titan 24 targets as well as a series of various types of
targets will consist of approximately 25,000 meters in 50 diamond drill holes.
Field work is scheduled to resume in June 2007 with line cutting, ground
geophysics and diamond drilling.
Update on the Bathurst First Year Work Program with Xstrata Zinc
El Nino is also pleased to announce that drill hole ELN-07-129, comprised in
the 2006-2007 Bathurst drilling program with Xstrata Zinc Canada, has
intersected a horizon of massive to semi-massive sulphide mineralization
interpreted to represent the up-dip, near surface, extension of the Gilmour
South mineralized trend. The sulphide zone was intersected between 163.70 and
166.60 meters down hole with combined assay results grading 3.39% Zn, 2.86% Pb,
0.15% Cu and 8.36 g/t Ag over 2.80 meters including an intercept of 1.10 meters
at 6.63% Zn, 5.65% Pb, 0.29% Cu and 16.10 g/t Ag.
The Gilmour mineralized trend was originally discovered in 1977. The southern
extension of this trend, Gilmour South, was discovered in 1995 and subsequently
drilled on a 200 meter spaced drill pattern, by Noranda Exploration between 1995
and 2000. The mineralized trend consists of intermittent massive to semi-massive
sulphide mineralization of varying grades and thickness ranging from 18.20% Zn
and 11.20% Pb over 0.22 meters to 1.10% Zn over 23.70 meters. The zone is
untested from surface down to the 200 meter mark below surface and along most of
the 1400 meter strike length extension. The mineralized trend occurs along the
Brunswick Horizon in a geological setting similar to the Brunswick No.12 and
The first year of the Bathurst Option agreement, which was signed on May
26th, 2006, was terminated on March 31st, 2007, with a total budget expenditure
of $5.0M CDN. The program was funded 50% ($2.5M) by El Niņo Ventures and 50%
($2.5M) by Xstrata Zinc , through a Grant Program with the New Brunswick
Government. Under the term of this agreement, El Niņo will spend $5.0M CDN over
a two year period to vest a 50% interest in the Xstrata Zinc Canada Bathurst
A total of 220 line km of Titan 24 ground geophysical survey was completed
An Heli-GeoTEM survey was completed over 3 grids totaling 291 line km
Several soil geochemical surveys were performed collecting 1,097 samples
Up to five drill rigs were in operation during the diamond drilling
42 diamond drill holes were completed for 17,082 meters
30 diamond drill holes were surveyed with the borehole EM system
341 new claims were staked
The Bathurst Option Agreement exploration program completed during the first
year period has returned encouraging results that are summarized below:
Camel Back Area: Hole ELN-06-095 drilled west of the Camel Back Deposit
returned 2.2 meters at 4.93% Zn and 0.71% Pb including 1.3 meter at 7.48% Zn
and 1.02% Pb from a 7.20 meter massive sulphide intercept (Sept. 13, 2006)
Mount Fronsac North Deposit: The drilling along the Titan 24 anomaly
located at a vertical depth of 300 meters and up dip from high grade
historical intersections returned the following significant assay results
(Nov. 17, 2006):
Devil's Elbow Area: Hole ELN-06-105 drill tested a Titan 24 target
located east of the Devil's Elbow Deposit 300 meters below surface and
returned a composite intersection of the massive sulphide horizon grading at
0.58% Cu, 0.03% Pb, 0.20% Zn and 6.05 g/t Ag over 5.9 meters including an
intercept of 1.06 % Cu over 1.0 meters.
Gilmour South Trend: Hole ELN-07-129 intersection reported above (3.39%
Zn, 2.86% Pb, 0.15% Cu and 8.36 g/t Ag over 2.80 meters including 1.10
meters at 6.63% Zn, 5.65% Pb, 0.29% Cu and 16.10 g/t Ag).
Titan 24: During the program, 42 diamond drill holes were performed
including 17 drill holes (40%) that targeted Titan 24 anomalies. Drilling on
the Titan 24 targets has returned sulphide mineralization (massive,
semi-massive or disseminated) as the source of the anomaly in 8 holes which
Drill core is logged at the Brunswick No. 12 minesite exploration core shack
and mineralized interval samples are taken from the drill core (NQ size) sawed
in half with one half sent to the Brunswick No. 12 laboratory and the other half
retained for future reference. A strict QA/QC program is followed which includes
mineralization standards, blanks and field duplicates for each batch of samples.
The Bathurst Mining Camp Exploration Program is being carried out under the
direction of Xstrata Zinc Canada exploration manager Normand Dupras, P. Geo., a
qualified person as defined by National Instrument 43-101 guidelines. The
information in this release was prepared under the direction of Doug Clark P.
Geo., Geologist for El Niņo Ventures Inc., a qualified person as defined by
National Instrument 43-101.
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 Xstrata Zinc Canada (formerly
Falconbridge Limited) occupying approximately 108,800 hectares in the Bathurst
Mining Camp. In order to vest with a 50% interest El Nino is required to spend
$5.0 million in exploration by March 31, 2008. Xstrata Zinc is the Project
Operator. (See details May 26, 2006 news release)
About El Niņo Ventures Inc.
El Niņo Ventures is an exploration stage company whose corporate objective
is to revisit former mining regions and apply the latest technologies to
advanced stage exploration targets. El Niņo Ventures has entered into an Option
/ Joint Venture Agreement with Xstrata Zinc to explore the world class Bathurst
Zinc / Base Metals Mining Camp in Bathurst, New Brunswick, Canada.
2303 West 41st Avenue, Vancouver, BC Canada V6M 2A3
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.
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