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August
13, 2014. Vancouver, BC - El Niño
Ventures Inc. ("ELN") (TSX.V: ELN OTC
Pink: ELNOF FRANKFURT: E7Q),
announces that it has retained the
services of InvestorIntel (InvestorIntel
Website) to provide media and industry
coverage by widening El Nino's audience
and providing client care that includes
social media support, account management
and private Intel in an inclusive annual
membership.
InvestorIntel will provide financial
market insight that is second to none
through accurate media and industry
coverage for El Nino by writing and
producing great content. Articles,
videos and audio are offered through
InvestorIntel's membership package. In
exchange for this one year membership,
the Company will pay InvestorIntel
$15,000 plus HST, by issuing 240,000
shares at a deemed value of $0.07 per
share, subject to regulatory acceptance.
All securities issued shall be subject
to a four month and a day hold period
commencing on the date of issuance.
About InvestorIntel
InvestorIntel is a leading global
investment intelligence source created
for the innovative and entrepreneurial
minded that represents over 50 publicly
listed companies globally that are
listed on InvestorIntel.com. headed by
Tracy Weslosky who is the Publisher and
Editor-in-Chief.
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"). El
Nino has entered into Option and Joint
Venture Agreements with three major
companies, Glencore Canada Corporation
Canada Inc. (BOJV), Votorantim Metals
Canada Inc. (Murry Brook), MMG Africa
Investments Limited (Kasala) (see
below).
Kasala copper/cobalt project, (DRC)
ELN entered into an Option Agreement
with MMG Africa Investments Limited to
acquire 100% of ELN's 70% interest in
Infinity Resources Sprl, the joint
venture company that owns the Kasala
permits.
The total consideration is
USD$6,000,000.00; consisting of an
initial payment of $250,000 on the
Satisfaction Date; Three annual payments
of $916,666.00 for a total of
USD$3,000,000 and an additional
USD$3,000,000.00 to exercise the option
to acquire 100% of ELN's 70% interest.
Over the three year period, MMG must
incur a total of USD$15,000,000 in
exploration expenditures to maintain the
option.
One of the newest copper discoveries in
the Central African Copperbelt, El Niño
Ventures' Kasala prospect is located
approximately 70 kilometers northwest of
Lubumbashi, Democratic Republic of
Congo's second largest city and the
center of the country's massive
copper/cobalt mining industry. The
Central African Copperbelt contains over
10% of the world's copper and 34% of the
world's cobalt. The Kasala project
permits are located close to the
Kinsevere Mine, which is expected to
produce 24,000 tonnes (52 million
pounds) of copper annually for the next
20 years.
Kasala Prospect mineralization zone is
open to expansion by drilling to the
north, south and west, and to depth. As
drilled, the Kasala Prospect oxide zone
measures ~600m long x 400m wide x 30m
thick. It is very important to note that
many 2008 drill holes ended in copper
oxide mineralization and to note that
adjacent blocks are under-explored. (see
news release).
BATHURST PROJECTS - MURRAY BROOK AND
BOJV PROJECTS
Murray Brook massive sulphide Project
(ELN-Votorantim Metals Canada)
The Murray Brook Project is located 60
km west of Bathurst, in the northwest
part of the Bathurst Mining Camp (Figure
1). The Murray Brook deposit is a
zinc-lead-copper-silver massive sulphide
which is the subject of a recently
completed Preliminary Economic
Assessment. The project is supported by
excellent infrastructure including paved
roads, grid electricity and communities
to provide goods, services and skilled
labour. ELN and VMC currently own 100%
of the Murray Brook Project with VMC as
the operator. VMC controls 65% and ELN
controls 35%.
To date, more than 28,000 metres of
drilling has been completed on the
Murray Brook Project. The first NI43-101
mineral resource estimation and the
first metallurgical results were
published in press releases dated
February 2012 and January 2013,
respectively. On June 5, 2013 a positive
Preliminary Economic Assessment was
announced (see
news release). The results of the
PEA demonstrate the potential technical
and economic viability of establishing a
new mine and mill complex on the Murray
Brook property. The projected cash flows
indicate an after-tax NPV at a 5%
discount rate of $96.4 million, an IRR
of 11.4%, and a payback period of 5.4
years (see news release). The NI43-101
Technical Report is filed on SEDAR and
also available on the ELN website (http://www.elninoventures.com).
Bathurst Mining Camp zinc Project: (ELN-GLENCORE
BOJV)
The BOJV Project is a Joint Venture
between El Nino Ventures Inc. and
Glencore Canada Corporation Canada Inc.
The project covers much of the area of
the Bathurst Mining Camp in northeastern
New Brunswick. Recent exploration
expenditures by Votorantim Metals Canada
Inc., under a tri-party Joint Venture
Agreement now terminated, totaled
approximately $6.8 million.
Figure 1-
Land tenure map showing the location of
properties in the Bathurst Option Joint
Venture Project
as of April 22, 2014
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. |
