El Niño Ventures Inc. DRC Exploraton Program Update
ELN News May 13, 2008
May 13, 2008, Vancouver, BC -- El Niņo Ventures Inc. ("El Niņo") (TSX.V:
ELN; Frankfurt: E7Q) is very pleased to provide an update on the ongoing exploration program that commenced on April 14, 2008.
Since commencing reverse circulation (RC) drilling operations on PR5217 on April 14th, 2008, El Nino Ventures have completed 11 RC holes totaling 925 m over an area of prospective rock formation of the Mines Group. This area was previously tested during El Nino Ventures' 2007 RC drilling campaign -- one of the four holes drilled in this area during the 2007 program (ANCU-001) intercepted 10 m of 3.51% copper. The 2008 campaign is continuing with holes that had been planned before heavy rains forced an early end to the 2007 program. An additional 7 RC holes are planned for this area.
The RC drill will next move to the western central area of PR5217 where regional soil sampling completed during the rainy season has identified a 2.5 km long copper anomaly
along an east-west trending fault identified by regional mapping.
A minimum of 8 RC drill holes are planned to test this soil anomaly and structural corridor (see Figure 2) to depths of approximately 100 m. Several diamond drill holes are also planned to assess this structure at
depth. The diamond drilling program is planned to start this week, when a diamond drill rig from
Boart-Longyear mobilized to PR5217.
Other near-term activities part of the program, include a 133 line km ground magnetometer geophysical survey in the south-eastern corner of PR5215 to aid in tracing numerous cross-cutting structures identified from interpretation of the 2007 Heli-Mag geophysical survey that El Nino Ventures had flown over four of the company's permits. Upon completion of the ground magnetic survey and interpretation of the results of this program, it is planned to drill test several targets in this complex structural area which hosts prospective Roan Supergroup strata.
An auger drill program will be undertaken on PR5214 to obtain soil samples under marshy grounds
(See Figure 3) which cover areas mapped as Roan strata. The auger drill will be used to collect soil samples from 12 to 15 meters depth, below the alluvial soils which might otherwise mask the geochemical signature of any metal deposits under these marshes.
Regional soil sampling on PR2461 will start on Saturday, May 3rd, and is expected to take approximately 7 to 10 days to complete.
El Nino's DRC Exploration Manager, Allan Lines, states that " it is a busy and exciting time for us. We are once again drilling with Titan who is doing a fantastic job for us on the RC.
Our diamond drill from
Boart-Longyear will be on site early next week and we will start testing known mineralized structures at depth.
Our multi-disciplinary approach is continuing to generate new targets for us -- the soil geochem and our airborne geophysics have identified a number of new areas that we plan to test with the RC drill this year."
The company also has received about 75 percent of the outstanding drill results from their 2007 drill campaign. Results from 44 shallow reverse circulation holes show some mineralization up to 13,750 ppm Cu and 3960 ppm Co over narrow intervals. These holes totaled 2,320 meters of drilling.
These results are west of the 2.5 kilometer anomaly identified by the soil geochemical survey and the airborne geophysical survey.
Jean Luc Roy President & CEO states: The 2008 drill program is well underway and the company is looking to expand on the results it published to date and also to test drill several significant areas which have yet to be tested. The interpretation work done by our technical team gives us a much more focused approach for the 2008 program. Work done in 2007 has identified a high grade copper zone and we will look to expand that zone in the next few months. We are also very encouraged by the results from our geochemical soil sampling campaign carried out during the rainy season. The company has purchased a prep laboratory facility and we hope that this will cut down the turnaround time in getting results.
Mr. Benoit Violette, P. Geo. is the qualified person and has reviewed the contents of this press release.
About El Niņo Ventures Inc.
El Niņo Ventures is a junior exploration company, whose corporate
objective is to revisit former mining regions and apply the latest
technologies to advanced stage exploration targets. El Niņo has
acquired a 70% interest in over 350 square kilometers in the world
renowned copper belt in the Democratic Republic of Congo. In
addition to our copper project in the Congo, the company has its
project with Xstrata Zinc on the Bathurst mining camps and have
started drilling on its Ireland properties.
On Behalf of the Board of Directors,
"Jean Luc Roy" Jean Luc Roy, President & CEO
Further information: call toll free
Telephone: +1.604.683.4886 Email:
604.683.4887, or visit www.elninoventures.com
1440 - 1166 Alberni Street, Vancouver, B.C. Canada V6E 3Z3
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
Note: this release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
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