All of El Nino Ventures Inc. Corporate
Filing can be found at
www.sedar.com
El Nino Ventures Inc.
El Niņo Ventures is
a exploration company, focused on exploring for Copper/Cobalt in the
Democratic Republic of Congo ("DRC"). In addition the
Company had entered into an Option agreement with Votorantim and Xtrata
Zinc whereby Votorantim, by incurring exploration expenditures of $10
million over a period of 5 years. Votorantim may further elect to
increase its interest to 70% by spending another $10 million over an
additional two years. The Votorantim option is on an extensive land
package in the Bathurst Mining Camp that ELN currently shares 50/50 with
Xstrata Zinc Canada. (Please refer to ELN's August 6, 2009 news
release).
El Nino Ventures has grown its asset
base substantially over the last year. Our discovery on what is now
known as the Kasala Project gives the Company a bona fide development
project going forward. The results on this project are very consistent
and have a true thickness that bears the foundation of a world class
project over time.
High Grade Drill
Results On The Kasala Project In The DRC
Numerous intercepts with widths from
50 metres to 91 metres of mineralization
High grade intercepts:
7 metres
@ 7.07% Cu (Hole MDB-DD-019)
10 metres @ 6.07% Cu (Hole MDB-DD-011B)
11 metres @ 3.68% Cu (Hole MDB-027)
21 metres @ 2.42% Cu (Hole MDB-026)
IP program
indicates extension of Kasala Main Zone to the south
east
On January 12, 2009, El Niņo Ventures
announced the drilling results from its Kasala Project (P.R. 5214)
in the Democratic Republic of Congo ("DRC"). These results confirm
the presence of significant mineralization within the Kasala Main
Zone with the potential for expansion based on our recently
completed Induced Polarization ("IP") Survey. The Company has a 70
percent interest in this project with an option to earn up to 90
percent on terms to be negotiated and the Company holds title to
this property through one of its Congolese subsidiaries.
The Company completed 56 Reverse Circulation ("RC") drill
holes (totaling 5883 metres) and 20 Diamond Drill ("DD")
drill holes (totaling 3583.6 metres) across the P.R. 5214 permit. Of
these holes, 35 RC holes (totaling 3336 metres) and 15 DD holes
(totaling 2458.6 metres) were completed within the Kasala Main Zone
area (Figure 1).
Allan Lines, exploration manager for El Nino Ventures Inc., reports
that "with the latest assay results we have confirmed that copper
mineralization in the Kasala area has a minimum strike length of
approximately 800 metres and a width of approximately 250 metres.
Intersections in some of the drill holes completed in 2008 indicate
thicknesses of as much as 91 metres. The Kasala Main Zone is still
open in all directions and at depth.
