El Nino Ventures DRC Exploration Program Review and Update
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ELN News June 26, 2008
June 26, 2008, Vancouver, BC -- El Niño Ventures Inc.
("El Niño" and "the Company") (TSX.V: ELN; Frankfurt: E7Q) announces
an update on its exploration program in the Democratic Republic of
Congo (DRC). El Nino began its 2008 exploration program in April and
is making progress on a planned 25,000 metres of drilling covering
all of its research permits. Jean Luc Roy, President & CEO of El
Nino states, "Our technical team is working diligently to execute on
our exploration program. The objective is to assess the full
potential of our DRC land package by the end of October. Reverse
Circulation (RC) drilling is being used primarily to confirm
structures and potential mineralisation and diamond drilling is
being used to follow-up on areas where mineralisation has been
encountered. We look forward to sharing the results of our efforts
with our shareholders over the next 6 months." The following is an
overview of current work and plans for the remainder of the 2008
exploration program:
The Infinity Projects ("Infinity") were acquired in 2007 and
formed the basis of El Nino's 2007 exploration campaign in the DRC.
In the first quarter of 2008 El Nino field crews completed follow-up
soil sampling on selected areas of Infinity generating additional
drill targets and better defining known mineralization. El Nino has
completed 4956 metres of Reverse Circulation (R.C.) drilling
including 31 R.C. drill holes (total of 3073 metres) on P.R. 5217
and 23 R.C. drill holes (total of 1883 metres) on P.R. 5215. This
drilling has targeted copper and cobalt soil anomalies over
prospective rocks of the Roan Group and tested structural targets
identified by interpretation of the 2007 airborne geophysical
program.
El Nino Ventures P.R. 5215 & 5217
The R.C. drill has been mobilized to the central area of P.R.
5214 to begin a planned 3000 metre program designed to test an area
of Roan Group rocks which have been subject to several stages of
faulting and folding presenting a target of prospective stratigraphy
and structural complexity.
One of the highlights of the 2007 exploration program was the
intersection of 3% Cu over 10 metres on P.R. 5217. El Nino recently
commenced diamond drilling on P.R. 5217 to further test this area.
To date one diamond drill hole, (ANCU-DD-001), has been completed.
Three diamond drill holes are planned in the central western portion
of P.R. 5217 to test structural targets reaching depths of 200 to
220 metres.
A 1,500 metre diamond drill program is planned for south-eastern
corner of P.R. 5215 as a follow-up program to the R.C. drilling that
has been completed in this area.
The diamond drill will then be used to follow-up on targets defined
by the R.C. drill program on P.R. 5214. It is anticipated that
between 1800 and 2500 metres of diamond drilling will be allocated
to this follow-up program.
El Nino Ventures P.R. 5214
El Nino is currently reviewing a proposal to undertake a 3000 metre
AirCore drilling program over P.R. 5216 to test copper and cobalt
soil anomalies identified from a soil sampling program completed in
May of this year. AirCore drills are capable of reaching depths of
70 m through soil, laterite and softer lithologies. Assay results
from drilling on Infinity are expected to start coming in August
2008.
Harmony Project (P.R. 2461)
The acquisition of the Harmony Project ("Harmony") was announced in
February of 2008. An extensive soil sampling program is currently
underway on P.R. 2461 with a subsequent airborne geophysics survey.
A gradient magnetometer and radiometric survey is being planned to
cover this permit using a fixed wing aircraft.
After the R.C. program on P.R. 5214 is complete, the R.C. drill will
then move to P.R. 2461 where it will complete a program of
approximately 20 holes totalling approximately A 2000 metre to test
the Roan Group stratigraphy on the west of the permit. This program
should be completed in 3 to 4 weeks.
El Nino Ventures P.R. 2461
Field Prep Lab Acquisition
El Nino has acquired a Prep Lab from ALS Chemex that will be used in
the field under the supervision of ALS Chemex. The will be
operational shortly. The decision to purchase a field prep lab will
provide El Nino with faster turnaround times on assay results. A
significant bottleneck currently exists at all laboratories. This
facility will allow El Nino to greatly reduce turnaround times for
assay results.
About El Niño Ventures
El Niño 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 Niño 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.
On Behalf of the Board of Directors,
"Jean Luc Roy" Jean Luc Roy, President & CEO
Further information: call toll free
1.877.895.6466 or
Telephone: +1.604.683.4886 Email:
Fax
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
CUSIP# 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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