El Niño Ventures Inc. joins Agoracom and launches Online IR and Marketing Program
ELN News Dec 9 2009 Agora
December 9, 2009 Vancouver, BC -- El Niņo Ventures Inc. ("ELN" "El Niņo" and the "Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce it has retained the services of AGORACOM Investor Relations
("AGORACOM") (http://www.agoracom.com) to provide online investor relations services, a Web 2.0 social network for current shareholders and Tier-1 awareness through the world's biggest websites for the purpose of attracting new shareholders.
ONLINE INVESTOR RELATIONS MAXIMIZES SPEED, TRANSPARENCY AND ACCESS TO COMPANY.
In response to overwhelming data representing the online research and communications habits of small-cap investors, El Niņo has turned the primary focus of its investor relations to the web via the AGORACOM system to facilitate faster, better and more accessible communications with both current and prospective shareholders around the world.
Effective immediately, a customized and monitored El Niņo IR HUB will be available on AGORACOM at
(http://agoracom.com/ir/elnino). The IR HUB will allow ELN to communicate with all investors simultaneously, anytime and in near real-time. This HUB will provide ELN Management with the ability to extend communications beyond text via audio messages, video presentations, webcasts and
podcasts. In addition to traditional e-mail, investors will also have the ability to receive all communications via RSS feed.
THE "AGORACOM 100"
On January 19th, AGORACOM launched a Canadian TV, web and search engine marketing campaign to drive small-cap investors to the "AGORACOM 100", an elite and exclusive group of great Canadian small-cap companies in which El Niņo will be included. This marketing campaign will target main stream media including daily spots on
BNN, CNBC TV, Bloomberg TV, Globe & Mail's GlobeInvestor.com,
Google, Yahoo!, MSN, AOL, Facebook, AGORACOM and an array of other Tier 1 properties.
LAUNCH OF EL NIŅO COMMUNITY
The El Niņo IR HUB propels the Company into the forefront of Web 2.0 community building by providing investors with two very important functions. First, a monitored discussion forum for the purposes of constructive and high-quality discussion amongst investors that is free of
spam, profanity and misinformation. Second, a social network that provides investors with the ability to create extensive profiles that include photos, bios, video messages to fellow investors, a rating system and other important items to create a closer bond between our shareholders.
TIER-1 EXPOSURE AND AWARENESS
As an exclusive provider of "Small-Cap Centres -- Powered by AGORACOM" to Globe Investor, Yahoo Finance Canada, AOL Finance Canada and every Blackberry device on the planet, AGORACOM will provide Tier-1 financial coverage of all newsworthy Fire River press releases for the purposes of attracting new and prospective shareholders.
El Niņo Ventures' Chairman & CEO Harry Barr states, "I believe the time has now come to significantly increase our communications with our existing shareholders and the massive online small-cap community of investors that are part of AGORACOM's community. I strongly encourage our shareholders to begin taking advantage of our new online IR system, which demonstrates we are a fully accessible organization".
For all future El Niņo investor relations needs, investors are asked to visit our IR Hub at
http://agoracom.com/ir/elnino where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors.
The terms of the agreement are as follows: Duration - 6 months. Monthly Cash Compensation - $6,000 plus GST with the option to renew for an additional 6 months. AGORACOM also wishes to disclose the ownership of 514,286 shares of El Niņo Ventures Inc. AGORACOM is located
AGORACOM Investor Relations (http://www.AgoracomIR.com) is North America's largest online investor relations firm for small-cap companies. We have partnered with the world's biggest internet companies, including Yahoo, Globe Investor, AOL, Google and Blackberry to market our clients to a massive audience of new small-cap investors. We have served over 300 companies since 1997.
AGORACOM Investor Relations has displaced the telephone and e-mail as primary IR communications devices. Our IR HUB delivers two-way investor relations in near real-time that is 24/7/365 accessible to shareholders around the world and goes far beyond text by offering both audio and video communications.
AGORACOM (http://www.Agoracom.com) is North America's only small-cap community built to serve the needs of serious small-cap and micro-cap investors. No
rumours, profanity, stock bashing or hyping. Our traffic ranking is above the top 0.5% of all websites around the world.
About El Niņo Ventures Inc.
El Niņo Ventures is a mineral exploration company, focused on
Copper/Cobalt exploration in the Democratic Republic of Congo (DRC)
See releases (Jan.
12 2009), (February
25, 2009). The Company is aggressively negotiating to
acquire additional projects throughout Africa that are in line
with our corporate objectives. The Company holds a 50% interest
in an extensive base metal project located within the Bathurst
mining camp. El Niņo recently entered into an option agreement
with Votorantim Metals Canada Inc. and Xstrata Zinc Canada
whereby Votorantim may earn a 50% interest in El Niņo's
landholdings by expending $10 million over 5 years and may
further increase its interest in El Niņo's landholdings to
70% by expending an additional $10 million over a further two
years. Please see release (August
Kasala Copper Project
One of the newest copper discoveries in the Central African Copperbelt, El Niņo Ventures' Kasala prospect is located approximately 70 kilometers northwest of Lubumbashi, Democratic Republic of Congo's second largest city and the center of the country's massive copper/cobalt mining industry. The Central African Copperbelt contains over 10% of the worlds copper and 34% of the world's cobalt. The Kasala project permits are located adjacent to Anvil Mining's Kinsevere Mine, which is expected to produce 24,000 tonnes (52 million pounds) of copper annually for the next 20 years.
The Kasala project is one of the first new Greenfields copper discovery in the last 10 years in the central African Copper belt.
It is also located approximately 10km east of Tiger Resources' Kipoi deposit. Other prominent companies active within this region are;
Freeport-McMoran, Lundin Mining Corp, First Quantum Minerals, Katanga Mining Limited, Ivanhoe Nickel & Platinum Ltd. and Konkola Copper Mines.
The Kasala project has an excellent infrastructure and is ideally situated within 20 km of the national highway (a hard-surfaced all-weather road) and is also within 30 km of a rail line linking the mining centers of the
Copperbelt. A high-tension electrical transmission line is located 12 km west of the projects' boundaries.
Highlights of the Drilling and Exploration to date:
The recent drill program identified consistent mineralization over large widths, from 50m to 91m. Highlights included high-grade intercepts:
22 m @ 3.28% Cu
29 m @ 2.82% Cu
31 m @ 2.19% Cu
11 m @ 3.68% Cu
These results confirm the presence of significant mineralization within the Kasala Main Zone with the potential for expansion based on the results from an IP Survey completed in early 2009. See release
The 2008 drill campaign on the project was undertaken to tes t a number of priority targets identified from the interpretation of airborne geophysical data from a survey commissioned by the Company in late 2007.
The 50 drill hole, 5,920 metre 2008 drill program consisted of 35 Reverse Circulation ("RC") drill holes totaling 3,336 meters and 15 diamond drill ("DD") holes totaling 2,584 meters.
Since then, the Company has completed a soil geochemistry sampling program and an Induced Polarization ("IP") survey across the Kasala site and has found good correlation between mineralization identified in the drilling, soil anomalies identified from the geochemical sampling program and both the ground and airborne geophysical surveys.
The Company's technical team has compiled all of the available data (including drilling results, geophysical and geochemical data) into a geological model of the site, which has led to new interpretations of the geology.
Figure 1: Kasala "Blocks" with Copper soil geochemistry values
Previously, the Company had reported (press release of
2009) that a parallel zone had been identified east of "Kasala Main Zone" and was being referred to as "Kasala East". Further interpretation of the "Kasala East" zone has now found that this block is not one structure but is actually two
discreet blocks. For this reason, and the possibility of discovery of additional blocks, "Kasala Main Zone" is now being referenced as Kasala Block "A", while what was previously referred to as "Kasala East" has been divided into Kasala Block "B" and Kasala Block "C" (Figure 1). The recent drill program focused exclusively on Kasala Block "A" -- Blocks "B" and "C" are yet to be drill tested, but are considered as priority drill targets due to the strong copper-in-soil values identified over large areas on these blocks.
Block "C" in particular has numerous multi-point anomalies of greater than 300 parts per million copper-in-soil and has an anomalous area of approximately 1,500 meters long by 1,500 meters wide -- it represents a high priority for drilling.
All samples from the drilling program were collected following strict quality controls and were then dispatched to ALS Chemex Laboratories in Johannesburg, South Africa for assay.
Across Kasala Block "A" copper mineralization is found close to surface (some intercepts less than 10 meters from surface) and both oxide (malachite) and sulphide (chalcopyrite) copper mineralization have been identified.
Currently, the mineralized strike length of Kasala Block "A" stands at just over 750 meters with a width of as much as 250 meters. The thickness of mineralization has been found to be as great as 90 meters, but the mineralization is open in all directions, including at depth.
2010 Exploration Program
An infill diamond drilling program of at least 5,000 meters is planned to commence on Kasala Block "A" in late April, 2010, to determine the complete extent of the mineralization and to allow an NI 43-101 compliant resource estimate to be completed on Kasala Block "A" by the end of summer, 2011.
In advance of any additional drilling the Company has determined to undertake additional soil sampling, both across Kasala Blocks "A", "B" and "C" and regionally, to provide enhanced geochemical detail while selecting drill targets.
Phase 1 objective -- To
define a inferred resource on block A with 5000 meters of diamond
Phase 2 objective --
Step out and test geochemical and geophysical anomalies on block B and
block C with 5000 meters of diamond drilling
Phase 3 objective --
Continue to develop inferred resource on blocks A, B and C
This Enhanced Soil Geochemistry Survey is planned to decrease sample spacing from the current 100 m x 100 m coverage over Kasala Blocks "A" "B" and "C" to 100 m x 50 m spacing regionally and 50 m x 50 m spacing over priority target areas. The Enhanced Soil Survey will be started within the next week and will entail the collection of some 6,000 samples. All results are expected to be received within 8 weeks of commencing the program.
The high degree of correlation between the soil geochemistry and drill results on Block "A" indicates that detailed soil geochemistry will provide reliable information when targeting drill holes.
The objective of the continuing exploration programs on Kasala Blocks "A", "B" and "C" is to define an aggregate minimum of 1 million tonnes of contained copper metal.
About the Bathurst Zinc Project, New Brunswick, Canada
The Company entered into an option agreement with Xstrata Zinc Canada ("Xstrata") to explore the Bathurst Mining Camp in New Brunswick and acquire a 50% interest. The Company has vested its 50% interest in the related mineral claims held by Xstrata by advancing the required $5.0 million.
The Brunswick Number 12 deposit contained nearly 295 million tons of massive
sulphides and is currently operating on 10,000 tons per day
On August 6, 2009 the Company entered into an option agreement with Votorantim Metals Canada Inc. ("Votorantim"). The tripartite agreement is between Votorantim, ELN and Xstrata Zinc whereby Votorantim may elect to earn up to a 70% interest in mineral claims (the "Property") comprised of 1805 claims owned 50% ELN and 50% Xstrata, 2907 claims owned 100% by Xstrata Zinc, together with an Area of interest in which ELN and Xstrata Zinc hold equal interests. Votorantim may earn a 50% interest in the Property by incurring exploration expenditures of $10 million over a period of 5 years and may further elect to increase its interest to 70% by spending another $10 million over an additional two years. Upon Votorantim vesting with 50% interest in the Property the Company will retain a 25% interest in the 1805 claims as well as a 25% interest in any mineral claims staked subsequently by the parties within the Area of interest. Should Votorantim increase its interest to 70% the Company's interest would be reduced to 15%.
Votorantim's first year commitment to the project is $750,000.
About Bancroft Uranium Properties, Ontario, Canada
The Company has earned a 100% interest in the Bancroft Uranium properties which comprise of the Halo Project and the Silver Crater Project and include certain claims east of the town of Bancroft, Ontario, Canada.
The Company is currently evaluating the properties and plan to seek joint venture partners who are active in the Uranium sector.
Allan Lines (P.Geo.) is the Qualified Person responsible for reviewing the technical results in this release.
On Behalf of the Board of Directors,
"Harry Barr" Harry Barr, Chairman
Contact: Fern Turner at
Telephone: +1.604.683.4886 Email:
604.683.4887, or visit www.elninoventures.com 2303
West 41st Avenue, Vancouver, B.C. Canada V6M 2A3
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release CUSIP#
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
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