October 6, 2008, Vancouver, BC -- El Niņo Ventures
Inc. ("ELN" and "the Company") (TSX.V: ELN; Frankfurt: E7Q)
is pleased to announce a significant Copper/Cobalt discovery on its
research permit PR 5214, located in southeastern Katanga Province in
the Democratic Republic of Congo. This area has now been dubbed the
The discovery was made during the course of the
Company's 10,000 meter reverse circulation ("RC")
drilling program, when an RC drill hole, MDB-023, was completed in
the central northern area of PR 5214.
Company geologists reported the presence of malachite
mineralization over a wide interval in the drill cuttings from this
hole. MDB-023 (-45 degrees) ended at 97 meters due to difficult
Samples from MDB-023 were collected using strict
quality controls and were then dispatched to ALS Chemex Laboratories
in Johannesburg, South Africa for sample preparation and assay.
Analytical results received from ALS Chemex indicate a 29 meter
intersection grading 2.82% Cu between 17 and 46 meters, which
includes an intersection of 4.11% Cu and 0.50% Co between 21 and 26
Drill Highlights of Hole MDB-023
Since the completion of hole MDB-023 an additional 47
holes have been drilled in the Kasala area, nineteen diamond drill
holes ("DDH") and twenty-nine Reverse Circulation holes ("RC").
Company geologists report visible malachite mineralization (ranging
from weak to very strong over varying thicknesses) in 31 of the 48
holes drilled in this area. The strike length of this discovery
stands at approximately 800 meters at present. Drilling has been
halted for the time being in order for the company to compile and
analyze the substantial assay data which is expected to be received
over the next 4 to 6 weeks. (Table 1:
Drilling Summary - Kasala Project)
Copper Discovery -- PR5214 (Kasala Project)
High grade oxide drill core Kasala Project & Sulfide drill core at
depth on Kasala Project
An Induced Polarization (IP) ground geophysical
survey is now underway in the Kasala area to trace possible
extensions of the mineralized zone. All information gathered over
the next 6 to 8 weeks will be compiled and analyzed by our technical
team to plan additional drilling in this area.
Remaining samples from the other mineralized drill
holes completed in this area are being shipped to the ALS Chemex
facilities in Johannesburg where they will be analyzed.
The Company has requested that ALS Chemex perform
priority analysis of these samples.
Research Permits 5215 and 5217
Two other target areas on PR 5215 and PR 5217,
respectively, were tested during the Company's 10,000 meter RC scope
drilling program without
significant results. Thirty RC holes totaling 3215
meters were drilled on Pr 5217 and twenty-three RC holes totaling
1995 meters were drilled on PR 5215. Analytical results have been
received from ALS Chemex for 21 of the 32 holes drilled on PR 5127
and for 5 of the 23 holes drilled on PR 5215 with no significant
results reported. Analytical results are awaited for the remaining
29 drill holes. No further drilling is currently planned for on
these two research permits. The Company will compile all results
from this year's campaign and plans further geochemical and
geophysical surveys to generate new targets on these two permits.
position in relation to road, railway and Lubumbashi
Jean Luc Roy President & CEO of ELN states:
"This discovery on our Kasala project is very significant and we
feel that when all assay results are returned the Company will have
a substantial project to work on, over the next drill season. The
grades and thicknesses on our findings are very encouraging and we
look forward to sharing results from other drill holes on the Kasala
project, over the next 4 to 6 weeks."
The content of this press release has been reviewed
by Mr. Benoit M Violette, Geo., consulting geologist and the
Qualified Person under NI-43-101.
About El Niņo Ventures
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 an option to acquire a 70% interest in over 350 square kilometers in the world renowned copper belt in the Democratic Republic of Congo ("DRC"). In addition to our copper and cobalt projects in the DRC, the Company has its project with Xstrata on the Bathurst Mining Camp and has started drilling on its Ireland properties.