- Published: 06 October 2008
- Written by Editor
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
El Nino 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 Kasala project.
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 ground conditions.
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 meters.
<< Drill Highlights of Hole MDB-023 http://www.elninoventures.com/i/misc/051008t1.jpg >>
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) http://www.elninoventures.com/i/misc/051008p1.jpg High grade oxide drill core Kasala Project Sulfide drill core at depth on Kasala Project http://www.elninoventures.com/i/misc/051008p2.jpg >>
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.
<< Land position in relation to road, railway and Lubumbashi http://www.elninoventures.com/i/misc/051008p3.jpg >>
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 Nino Ventures
El Nino Ventures is a junior exploration company, focused on exploring for Copper/Cobalt in the Democratic Republic of the Congo. El Nino 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 zinc properties in Ireland and holds a 50 percent interest on an extensive land package in the Bathurst Mining Camp of Xstrata Zinc Canada..
<< On Behalf of the Board of Directors (signed) Jean Luc Roy, President and CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. >>
CUSIPNo. 28335E-10-6
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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Table 1
Drilling Summary - Kasala Project
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Hole Id Depth (m) From (m) To (m) Interval (m) Copper (Cu) Cobalt (Co)
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MDB-DD-006 150,0 Assays Pending
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MDB-DD-007 195,7 Assays Pending
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MDB-DD-008 122,3 Assays Pending
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MDB-DD-009 128,0 Assays Pending
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MDB-DD-010 150,7 Assays Pending
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MDB-DD-011A 109,0 Assays Pending
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MDB-DD-011B 144,8 Assays Pending
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MDB-DD-012 146,8 Assays Pending
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MDB-DD-013 150,0 Assays Pending
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MDB-DD-014 150,0 Assays Pending
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MDB-DD-015 250,0 Assays Pending
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MDB-DD-016 187,3 Assays Pending
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MDB-DD-017 161,3 Assays Pending
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MDB-DD-018 167,3 Assays Pending
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MDB-DD-019 213,0 Assays Pending
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MDB-023 97,0 17 97 80 1.42% 0.13%
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...including 17 46 29 2.82% 0.34%
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...including 21 26 5 4.11% 0.50%
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MDB-024 53,0 Assays Pending
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MDB-025 100,0 Assays Pending
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MDB-026 47,0 Assays Pending
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MDB-027 100,0 Assays Pending
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MDB-028 100,0 Assays Pending
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MDB-029 89,0 Assays Pending
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MDB-030 100,0 Assays Pending
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MDB-031 56,0 Assays Pending
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MDB-032 96,0 Assays Pending
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MDB-033 100,0 Assays Pending
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MDB-034 100,0 Assays Pending
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MDB-035 100,0 Assays Pending
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MDB-036 45,0 Assays Pending
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MDB-037 61,0 Assays Pending
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MDB-038 100,0 Assays Pending
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MDB-039 73,0 Assays Pending
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MDB-040 100,0 Assays Pending
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MDB-041 100,0 Assays Pending
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MDB-042 100,0 Assays Pending
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MDB-043 100,0 Assays Pending
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MDB-044 100,0 Assays Pending
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MDB-045 83,0 Assays Pending
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MDB-046 89,0 Assays Pending
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MDB-047 85,0 Assays Pending
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MDB-048 100,0 Assays Pending
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MDB-049 100,0 Assays Pending
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MDB-050 109,0 Assays Pending
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MDB-051 149,0 Assays Pending
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MDB-052 77,0 Assays Pending
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MDB-053 83,0 Assays Pending
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MDB-054 150,0 Assays Pending
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MDB-055 150,0 Assays Pending
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>>
SOURCE: El Nino Ventures Inc.
Tel: (604) 683-4886, Toll Free: 1-877-895-6466, Fax: (604) 683-4887, Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Or visit: www.elninoventures.com
