El Nino Ventures Identifies Additional Targets On The Company's Kasala Project In The DRC
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ELN News Feb 24, 2009
February 25, 2009 Vancouver, BC -- El Niño Ventures Inc. ("ELN" and
"the Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce
the results from an interpretation of geophysical and geochemical data
from its Kasala Project (P.R. 5214) in the DRC.
The study merged data from the recently completed Induced Polarization
("IP") survey with soil geochemistry, magnetic data from the 2007
airborne program and drill hole information from the 2008 drill campaign
to produce a detailed compilation of the Kasala Main Zone and
surrounding areas.
The interpretation identified a strong positive correlation between
magnetic data and soil geochemistry: magnetic highs within the Kasala
Main Zone correspond with high copper-in-soil values from the soil
geochemistry program.
Coincident magnetic highs and elevated copper-in-soil values identify a
surface expression for the Kasala Main Zone of approximately 1100 metres
in length by 100 to 350 metres in width. Drilling conducted in 2008
confirmed a mineralized strike length of at least 800 metres and the
mineralization is open to the northwest, indicating that the magnetics
and soil geochemistry provide a reliable indication of the presence of
copper mineralization in the Kasala project area.
Based on this, the study has identified a zone to the east and
southeast of the Kasala Main Zone with similar magnetic and geochemical
signatures which the Company considers to represent a significant target
for its planned 2009 drill campaign. The surface expression of the zone
as identified in the study has a length of approximately 2500 to 2600
metres and ranges between 150 and 750 metres in width - an area over
three times as large as the Kasala Main Zone. The Company is referring
to this new zone as Kasala East. Figure 1 shows the Kasala Main Zone and
the newly identified Kasala East Zone.
Allan Lines, exploration manager for El Nino Ventures Inc., states that
"Kasala East is now our highest priority target. The similarity of the
magnetics and the soil geochemistry with that of the Kasala Main Zone is
encouraging, particularly as we attribute the magnetic signature of
Kasala Main to well mineralized iron stones of the Mwashya Group - the
Kasala East zone looks like a bigger, broader version of the Kasala Main
Zone. In fact, we are now sure that the Kasala Main Zone is a fragment
that has been faulted off from the north end of the Kasala East Zone. We
now plan to undertake more detailed soil geochemistry and ground
magnetics programs which will allow us to better define our drill
targets and plan a more effective drill campaign for the coming field
season".
Kasala Project - Drill Hole with Residual Magnetics
This area received limited drill testing during the 2008 campaign when
two Reverse Circulation holes MDB-055 and MDB-056 and one diamond hole MDB-DD-016 were
collared on the south flank of the zone. MDB-055 was found to contain
low grade copper mineralization -- 26 metres at 0.29% Cu from 52 to 78
metres. These holes were collared on the south flank of the magnetic
signature and the drilling was going out of this zone. The plan for the
2009 drill program will be to test this zone by collaring the holes to
the north end of the zone and drilling into the structure.
Jean Luc Roy President & CEO of ELN states: "The identification of
the Kasala East Zone is a significant step forward for our exploration
programs in the Kasala project area. This new zone has the potential to
add considerable tonnage to our project, but also, and perhaps more
importantly, this gives us a reliable geological model to identify
additional targets in the area. Our objective for 2009 is to do enough
drilling to be able to have a resource calculation by the end of the 2009
drilling campaign.
We are now looking at different alternatives available to the Company to
secure the funds necessary to do a minimum of 5,000 metres of drilling
on the Kasala project and also do exploration drilling on our new
acquisition made with Phoenix Mining SPRL".
The content of this press release has been reviewed by Mr. Benoit M.
Violette, P. Geo., consulting geologist and the Qualified Person under
NI-43-101.
About El Nino Ventures Inc
El Niño Ventures is a
junior exploration company, focused on exploring for Copper/Cobalt in
the DRC. El Niño 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.
The focus of the Company going forward will be the development of its
Kasala Copper Project in the DRC and working on its other very
prospective research permits in the DRC. El Nino Ventures reported
earlier the following results from its Kasala Project. The Company
anticipates drilling a minimum of 5,000 meters on the project this year
and also intends to do exploration drilling on their research permit
they acquired with Phoenix Mining. Following is the highlights of the
2008 drill program on the Kasala Project:
ñ Numerous intercepts with
widths from 50 metres to 91 metres of over 1% Cu mineralization
ñ 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)
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
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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#
28335E-10-6
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You can view the Next News Releases item: Mon May 4, 2009, El Nino Ventures announces: Non-Brokered Private Placement, Update on the Democratic Republic of Congo ("DRC") Projects, Appointment of CFO
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