| El Niño Ventures retains Renmark Financial Communications |  view PDF |
ELN September 26 2012
September 26, 2012 Vancouver, Canada
-- El Niño Ventures Inc. ("ELN" and the
"Company") (TSX.V: ELN; Frankfurt: E7QN;
OTCQX: ELNOF) is pleased to announce
that it is retaining the services of
Renmark Financial Communications Inc. to
enhance and increase its existing
investor relations activities. Renmark
will focus on increasing visibility of
El Nino Ventures in the retail
investment community.
"We are pleased to announce that we
have selected Renmark to reinforce El
Niño Ventures Inc.'s profile in the
financial community and enhance the
visibility of our project portfolio. We
choose Renmark because its standards and
methodologies fit best with the message
we wish to communicate to the investing
public," noted Harry Barr, Chairman
and CEO of El Niño Ventures Inc.
In consideration of the services to be
provided, El Niño Ventures Inc. has
agreed to a monthly agreement with a
monthly retainer of $7,000 with a
3-month out clause to Renmark Financial
Communications Inc.
Renmark Financial Communications Inc.
does not have any interest, directly or
indirectly, in El Niño Ventures Inc. or
its securities, or any right or intent
to acquire such an interest.
About El Niño Ventures Inc.
El Niño Ventures Inc. is an
international exploration and
development company, focused on
exploring for zinc, copper, silver, gold
and lead in New Brunswick, Canada and
copper/cobalt in the Democratic Republic
of Congo ("DRC").
About El Niño Ventures Inc. Bathurst
Projects
El Niño Ventures Inc. has two active
projects in the Bathurst Mining Camp,
New Brunswick;
1. Bathurst Mining Camp Project -
Bathurst Option Joint Venture (BOJV)
Consists of an initial 4,712 claims in
the tri-party agreement with Xstrata
Zinc Canada & Votorantim Metals Canada
("VM Canada") (wholly owned subsidiary
of Votorantim Metais, the 2nd largest
mining company in Brazil) 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. The
2012 exploration program, funded
entirely by Votorantim, consists of
approx. 12,000 metres of drilling on
select targets. The program also
included airborne and ground geophysics.
The BOJV agreement has an area of
interest clause that provides for the
ability for VM Canada, Xstrata Zinc and
ELN to elect to participate in any new
acquisitions within the area of
interest. In September 2012 VM Canada,
as the operator of the BOJV agreement,
contracted Diagnos Inc. of Brossard,
Quebec to complete a comprehensive study
utilizing their proprietary software (see
Diagnos TSX.V: ADK press release dated
September 18) that will identify
areas (within the area of interest) with
high statistical probability of
containing mineralization.
2. Murray Brook Polymetallic Project
- Bathurst, N.B.
The Murray Brook acquisition for ELN was
a direct result of the Area of Interest
clause in the BOJV agreement, as
outlined previously. Murray Brook is a
polymetallic, massive sulphide deposit,
and is currently under evaluation for
the development potential of an open pit
mine. Historically, the deposit was
the fifth largest in the Bathurst Mining
Camp and is under option to VM and
ELN from Murray Brook Minerals (MBM) and
Murray Brook Resources (MBR). The Murray
Brook project is located 60 km west of
Bathurst. It is supported by excellent
infrastructure, including paved roads,
grid electricity and communities to
provide goods, services and skilled
labour (Figure 1). To date, more
than 28,000 metres of drilling has been
completed with encouraging results.
In February 2012, an NI 43-101
resource estimation was announced (see
news release). The technical report
is filed on
SEDAR.com and also available on
ELN's website.
An updated NI 43-101 is slated for
release by the end of 2012 and will
include the results of the 18,500 metre
drill program. Plans are to complete a
Preliminary Economic Assessment (PEA) by
the end of the first quarter of 2013.
Although the terms of the agreement with
VM Canada, ELN, MBM and MBR provided for
a three-year period to earn the initial
50% and two years to earn the additional
20%, VMC and ELN completed their 70%
earn-in in less than 18 months.
Encouraging drill results and a very
positive NI 43-101 resource estimation
accelerated the exploration and
development programs and is a testament
to both ELN and Votorantim's commitment
to aggressively advancing the project
(see ELN press releases dated:
May 17,
June 5,
June 27,
July 17,
July 30,
August 14 and
August 28, 2012).
Under a purchase agreement signed by
VMC on August 28, 2012 with MBM and MBR.,
VM Canada acquired the right to purchase
the additional 30% of the Murray Brook
Project. ELN has been provided the
option to earn an additional 15% in the
project for a combined total of 50% (35%
+15%).
The company is currently completing the
2012 $3 million exploration program that
will include:
- $2.5 million exploration a the
Murray Brook deposit, 97 holes
drilled for a total of 18,500 metres
- $500,000 exploration at the
adjacent Camel Back property
- Updated resource calculation and
initial metallurgical study
Metallurgical test-work of bulk
sample material from the Murray Brook
deposit is currently underway at RPC
Laboratories (Fredericton, New
Brunswick). Under the direction of
Votorantim Metals Canada Inc., operators
of the Murray Brook Project, three
holes were drilled to provide sample
materials for metallurgical tests. The
test-work is focused on determining
potential metal recoveries based on a
recommended metals recovery process
flowsheet which, subsequently, will form
the basis for a small scale
metallurgical pilot plant program.
Metallurgical results, along with a
revised resource estimate will
incorporate 2012 drill results, and will
form the basis of a Preliminary Economic
Assessment study to be completed in Q1
2013.
Phase 2 of Metallurgical studies (Pilot
Plant), Preliminary Economic Assessment
Studies, Geotechnical drilling, detailed
delineation of base of oxidation and
Environmental assessment studies are
slated for 2013.
Subject to continued positive results,
the companies plan to complete a
pre-feasibility study and a feasibility
study by 2015.

Figure 1- Land tenure map showing the
location of optioned properties in the
Bathurst Mining Camp
3. Kasala Copper-Cobalt Project -- DRC
The Kasala Copper/Cobalt project is
located in the Democratic Republic of
Congo's Central African Copper Belt,
approximately 16 miles from Minmetals
Mining Resources' Kinsevere Mine
(formerly owned by Anvil Mining). Anvil
Mining was recently purchased by
Minmetals Mining Resources for $1.3
billion. Drilling has intercepted of up
to 23 metres grading 3.28% Cu on the
Kasala project. The project is currently
under Force Majeure pending outcome of
arbitration in British Columbia and
litigation in the DRC.
On Behalf of the Board of Directors
"Harry Barr"
Harry Barr Chairman & CEO El Nino Ventures Inc.
Renmark
Financial Communications Inc.
Robert Thaemlitz: rthaemlitz@renmarkfinancial.com
John Boidman: jboidman@renmarkfinancial.com
Tel.: (514) 939-3989 or (416) 644-2020
www.renmarkfinancial.com
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. |
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You can view the Previous News Releases item: Fri Sep 7, 2012, El Niño Ventures Inc. Announces Private Placement Increase to $3,000,000 and Amendment to the Terms
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