El Nino Ventures Update on Exploration Projects in the Democratic Republic Of Congo
ELN News Nov 12, 2008
November 12, 2008, Vancouver, BC -- El
Niņo Ventures Inc. ("El Nino" or the "Company") (TSX.V: ELN;
Frankfurt: E7Q) is pleased to give an update on its Democratic
Republic of Congo ("DRC") exploration projects.
Jean Luc Roy, President and CEO states, "I have just returned
from a very productive trip to the DRC. It is therefore my privilege
to report first hand to our shareholders and investors on our work
program and timeline on the future news from our Kasala project and
what to look forward to in the future."
El Nino's Sample Preparation
Laboratory, Core Storage & Camp Office Facilities
at Kasala Project
Our drilling on the Kasala project
stopped over a month ago. All reverse circulation ("RC") samples are
now at the ALS Chemex laboratory in Johannesburg, South Africa.
Our discovery hole results were published in the October 6, 2008
press release as follows: ( 29 meters at 2.82% Cu and 0.34% Co ) and
we anticipate results from our other RC drilling to be published in
the coming weeks as we have requested ALS Chemex perform priority
analysis of these samples.
All samples from our diamond drill program on the Kasala project
have all been prepared using our preparation laboratory facility and
80 percent of the samples have now been received by ALS Chemex in
South Africa. The final small expedition of samples is now on its
way to ALS Chemex, South Africa. The results from our diamond
drill program should be available for publication in early December.
At present the only work being finalised in the field is our Induced
Polarisation ("IP") Geophysics Survey to determine the extension of
the Kasala project discovery. Results from this program are
anticipated to be available at the end of December.
Review of Mining Contracts in the DRC
The review of mining contracts in the DRC is following its course
and has created some uncertainties in the marketplace with regards
to its possible outcome for some mining projects in the DRC. I
want to again point out that El Nino's land position in the DRC is
not under review and has never been under review. Our land position
was obtained under the New Mining Code of the DRC and we have no
contracts whatsoever with any state owned company. Our affiliate
companies have clear title to our research permits.
The next month and a half will bring more results of our Kasala
project and all the data will be compiled to plan our next drilling
campaign in 2009. The 2008 campaign has been a true success and
we look to build on that next year on the Kasala project and plan to
start our work on two of our other very promising research permits.
I want to thank our investors for their patience in these
difficult times but our team is confident that we now have a
valuable project that will enable the Company to grow and operate
efficiently in the DRC in the future.
About El Niņo Ventures
El Niņo Ventures is a junior exploration company, focused on
exploring for Copper/Cobalt in the DRC. El Niņo has an option to
acquire a 70% interest in over 350 square kilometers in the world
renowned copper belt in the DRC. In addition to our Copper and
Cobalt projects in the DRC, the Company has zinc properties in
Ireland and holds a 50 percent interest on an extensive land package
in the Bathurst Mining Camp with Xstrata Zinc Canada.
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.
You can view the Next News Releases item: Tue Dec 16, 2008, El Niño Completes Acquisition in the DRC
You can view the Previous News Releases item: Mon Oct 6, 2008, El Nino Ventures Inc. makes significant Copper/Cobalt discovery (29 meters at 2.82% Cu and 0.34% Co) in the Democratic Republic of Congo.
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