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April 20, 2012 Vancouver, Canada --
El Niño Ventures Inc. ("ELN" and the "Company") (TSX.V: ELN;
Frankfurt: E7Q; OTCQX: ELNOF) is pleased to announce the
appointment of Mr. Michael Neumann P. Eng. to its Board of
Directors.
Mr. Neumann brings significant experience in the mining arena and
has been Proprietor of Neumann Engineering and Mining Services, Inc.
since 1993 providing international engineering services focusing
primarily on underground hard rock engineering facets such as mine
design, productivity improvements, rock mechanics, second opinions,
peer reviews and other types of studies.
Mr. Neumann is a graduate of Haileybury School of Mines and Michigan
Technological University (Mining Engineering Degree) a member of the
Canadian Institute of Mining, the International Society of Rock
Mechanics and the Association of Professional Engineers of Ontario.
Concurrent with his current position, from 2003 to 2006, Mr. Neumann
was Director and Chief Operating Officer of Silver Eagle Mines Inc.,
(now Excellon Resources Inc.) a TSX listed Canadian-based silver
exploration and development company focused on acquiring, exploring
and developing high grade silver deposits among the silver mines of
the Mexican mineral belt. Prior to this Mr. Neumann was Co- Founder
and Director of the Engineering Seismology Group Inc. based in
Kingston, Ontario. His early industry experience includes positions
of Chief Engineer at Campbell Red Lake Mines and Underground
Superintendent at Barrick's Holt McDermott Mine.
Mr. Harry Barr, Chairman and CEO of El Nino Ventures states, "We are
pleased to welcome Michael Neumann to our Company's Board. His
experience in the mining industry will further enhance the strength
of our Board of Directors."
.
About El Niño Ventures Inc. Bathurst Projects
- Bathurst Mining Camp Project:
(Tri-Party Agreement)
Consists of an initial 4,712 claims in the Tri‐Party Agreement
with Xstrata & VM Canada whereby VM Canada may incur exploration
expenditures of $10 million over a period of 5 years to earn a
50% interest. VM Canada may further increase its interest to 70%
by spending an additional $10 million over 2 years.
In February 2011, ELN announced
that a $5,000,000 exploration program on the Bathurst Mining
Camp Base Metals Project has begun consisting of airborne and
ground geophysics and will include a 10,000 metre drill program
which is currently underway. (See news release dated February
23, 2011). Airborne geophysics survey has been completed and
survey results are pending.
- Murray Brook Project: Under Votorantimʹs Option and Joint Venture Agreement with
Murray
Brook Minerals and Murray Brook Resources, both privately held
companies, Votorantim can earn a 50% interest in the properties
by funding $2,250,000 in exploration expenditures and making
payments totalling $300,000 over a three year period that
commenced November 1, 2010. Votorantim can earn an additional
20% interest in the properties by funding an additional
$2,250,000 in exploration expenditures over an additional two
year period. ELN has elected to enter into a participation
agreement wherein it can earn 50% of Votorantim's interest by
paying 50% of the costs incurred by Votorantim in the Option and
Joint Venture Agreement.
The Murray Brook Deposit
The Murray Brook deposit is a polymetallic, volcanic hosted
massive‐sulfide deposit in the Bathurst Mining Camp, New
Brunswick. The property is located approximately 60 km west of
the town of Bathurst. A gravel road links the property to a
paved highway. An electricity grid is nearby, as are communities
with goods, services and skilled labor. The Gossan Zone
overlying the massive sulfide deposit was mined for gold and
silver during the open‐pit mining operations carried out by
Novagold Resources Inc. during the early 1990s. The hanging wall
is moderately chloritic and is locally intensely deformed. The
foot wall consists of fine grained, felsic tuff and tuffaceous
sediments with moderate to strong chlorite and sericite
alteration. Sulfides are mainly fine grained, massive, weakly
laminated pyrite with disseminated and banded sphalerite,
chalcopyrite and galena.
Figure 1- Land tenure map
showing the location of the Murray Brook Project in the
Bathurst Mining Camp
The first phase of the 2011 drill program was completed in
spring/summer 2011 and significant intersections of zinc,
copper, lead, gold and silver were reported. The second
phase of the drilling program was initiated in September
2011 and the results announced (please see news releases
dated
August 30, 2011,
November 28, 2011,
January 16th and
January 23, 2012).
About VM Canada (Votorantim Metals Canada Inc.)
Votorantim Metals Canada Inc. is a subsidiary of Votorantim
Metals, a company that is part of the Votorantim Group that
was founded in Brazil in 1918, operates in twenty countries
and has over forty thousand employees. Votorantim Metals is
the largest electrolytic‐nickel producer in Latin America
and one of the world's leaders in the production of zinc,
aluminum and nickel.
About El Niño Ventures Inc.
El Niño Ventures Inc. is an international exploration
company, focused on exploring for lead, zinc, copper, gold
and silver in New Brunswick, Canada and copper in the
Democratic Republic of Congo ("DRC").
On Behalf of the Board of
Directors
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
Further Information: Tel: +1 604 685
1870 Fax: +1 604 685 8045
Email: info@elninoventures.com or visit www.elninoventures.com
650-555 West 12th Avenue, City Square, West Tower, Vancouver, B.C.,
Canada, V5Z 3X7
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.
Cautionary Note Regarding Forward Looking Statements. 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. |
