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March 19, 2014,
Vancouver, BC; El Nino
Ventures Inc. ("ELN" and the
"Company") (TSX.V: ELN; OTC
Pink: ELNOF; Frankfurt: E7Q)
announced that it has
granted incentive stock
options to directors,
officers, consultants and
employees to purchase
3,000,000 common shares at
$0.07 per share, exercisable
for a period of five years
in accordance with the
company's stock option plan.
The options are subject to
acceptance for filing by the
TSX Venture Exchange.
About El Nino Ventures
Inc.
El Nino Ventures Inc. (ELN)
is an international base
metals exploration company
currently focused on
exploration and development
projects in New Brunswick,
Canada and in the Democratic
Republic of Congo (DRC),
Africa.
In New Brunswick, ELN's
project portfolio consists
of the Murray Brook Project
and the Bathurst Option
Joint Venture Project, as
summarized below.
Murray Brook
The Murray Brook Project is
the largest NI43-101
compliant mineral resources
in the Bathurst Mining Camp.
Murray Brook is a joint
venture project owned 35% by
ELN and 65% by Votorantim
Metals Canada (VMC), the
Canadian subsidiary of
Votorantim (2nd largest
mineral resource company in
Brazil, with business
interests in more than 20
countries). VMC is the
Project Operator.
To date, ELN has invested a
total of $2.75 million in
exploration expenditures
since 2010. In 2011, ELN and
VMC spent $2.1 million on
exploration and completed
10,000 metres of drilling.
Drill results formed the
basis of the first NI43-101
compliant mineral resource
estimation for the Murray
Brook deposit, which was
announced on February 28,
2012. The exploration and
development program for 2012
consisted of an additional
18,500 meters of drilling on
the Murray Brook deposit,
metallurgical studies of
drill core material from the
deposit, and exploration on
the adjacent Camel Back
property, which is included
in the Murray Brook Joint
Venture.
VMC and ELN released a
positive Preliminary
Economic Assessment (PEA or
Scoping Study) in June 2013.
The PEA was prepared by P&E
Mining Consultants Inc., a
leading independent
consulting firm based in
Brampton, Ontario. The
results demonstrate the
potential technical and
economic viability of
establishing a new open pit
mine and mill complex on the
Murray Brook property.
About Bathurst Option
Joint Venture Project
The BOJV Project is a
Tri‐Party Agreement with
Xstrata Canada Corporation
(now Glencore Canada
Corporation) and Votorantim
Metals Canada Inc. covering
much of the area of the
Bathurst Mining Camp in
northeastern New Brunswick
(Figure 1). The project
commenced in July 2009.
Votorantim Metals Canada
Inc. can earn 50% by
spending $10 million over 5
years and can further
increase its interest to 70%
by spending an additional
$10 million over 2 more
years. Exploration
expenditures to date by
Votorantim Metals Canada
Inc. total about $6.8
million.
BOJV project originally
consisted of 4712 claims
owned 50% ELN and 50%
Glencore Canada Corporation
and 2907 claims owned 100%
by Glencore Canada
Corporation, together with
an Area of Interest in which
ELN and Glencore Canada
Corporation hold equal
interest. Due to the Area of
Interest, the BOJV generates
new projects for ELN at no
initial cost. An example of
such project generation for
ELN is the Murray Brook
Project.
Votorantim Metals Canada
Inc. Statement
Technical details in this
news release were provided
by Votorantim Metals Canada
Inc. whose professional
geologists conduct
operations consistent with
mineral industry best
practices. Votorantim Metals
Canada Inc. accepts no
responsibility for this news
release or any inferences
made from the technical
details provided herein.
About Votorantim Metals
Canada Inc.
Votorantim Metals Canada
Inc. is a subsidiary of
Votorantim Metais, a company
that is part of the
Votorantim Group and was
founded in Brazil in 1918.
The Votorantim Group
operates in twenty countries
and has over 40,000
employees. Votorantim Metais
is the largest electrolytic
nickel producer in Latin
America and one of the
world's leaders in the
production of zinc, aluminum
and nickel. Votorantim
Metals Canada Inc. is
operator of the Bathurst
Option and Joint Venture,
which, in conjunction with
Glencore Canada Corporation
and El Nino Ventures, is
actively exploring for base
metal deposits within the
Bathurst Mining Camp.
Kasala
ELN's project in Africa is
its 70% interest in the
Kasala property, which is a
new copper discovery located
in the Democratic Republic
of Congo (DRC), Africa.
On Behalf of the Board of Directors
"Harry Barr"
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. |
