_____________________________________________________________________
|Drilling Highlights | | | | -- 6.15% zinc, 0.1% copper, 1.92%
lead, 0.64 gpt gold and 70.6 | | gpt silver over 112 metres in
drill hole | | MB‐2012‐132 | | o Including 10.50% zinc, 0.10%
copper, 3.60% lead, 1.37 gpt gold | | and 126.7 gpt silver over 33
metres | | -- 2.73% zinc, 0.60% copper, 0.64% lead, 0.25 gpt gold
and 36.7| | gpt silver over 27.0 metres in drill hole | |
MB‐2012‐140 | | o Including 4.90% zinc, 1.10% lead, 0.18 gpt gold
and 50.5 gpt | | silver over 10 metres | | -- The continuity of
mineralization along strike and at depth | | suggests potential to
extend the currently defined |
|________mineralized_zone.____________________________________________|
VANCOUVER, Aug. 28, 2012 /CNW/ - El Nino Ventures Inc.
("ELN" and the "Company") ; (OTCQX: ELNOF) is pleased to announce
high-grade assay results for an additional nine holes from the most
recent round of drilling at the Murray Brook polymetallic massive
sulfide deposit, Bathurst Mining Camp, New Brunswick. The 2012
drill program consisted of ninety seven vertical holes for a total
of 18,470 metres. To see the maps and images associated with this
press release please follow the link below: Figure 1 - Drill hole
collar location on contour map of Murray Brook showing massive
sulfide thickness contoured at 10 metre intervals (source:
Votorantim Metals Canada) Figure 2 - View looking northeast along
the horizontal at the 3D model of the Murray Brook deposit (grey).
Location of the view plane is highlighted in the index map at the
left top corner(1). Figure 3 - View looking down at the 3D model of
the Murray Brook deposit (grey). The red dashed line illustrates
the collar locations of drill holes MB-2012-139 and MB-2012-140.
Figure 4 - Land tenure map showing the location of the Murray Brook
Project in the northwest part of the Bathurst Mining Camp, New
Brunswick
http://www.elninoventures.com/s/NewsReleases.asp?ReportID=543778
MB-2012-132 was drilled to infill gaps in the previous drilling and
test continuity in the central sections of the Western Mineralized
Zone, which is thicker and more Zn-Pb-Ag rich than the Eastern
Massive Sulfide Zone (Figures 1-2). Hole MB-2012-132 intersected
112 metres of 6.15% zinc, 0.1% copper, 1.92% lead, 0.64 gpt gold
and 70.6 gpt silver from 89 metres down hole, including 33.0 metres
of 10.50% zinc, 0.11% copper, 3.60% lead, 1.37 gpt gold and 126.7
gpt silver from 167 metres down hole (Table 1). Drill holes
MB-2012-133, 135, 137, 139 and 140 were drilled to better delineate
the southwest boundary of the Western Zone (Figure 2). Drill hole
MB-2012-139 intersected 26.0 metres of 2.06% zinc, 0.47% copper,
0.36% lead, 0.28 gpt gold and 21.4 gpt silver from 88 metres down
hole (Table 1). Drill hole MB-2012-140 intersected 27 metres
of 2.73% zinc, 0.60% copper, 0.64% lead, 0.25 gpt gold and 36.7 gpt
silver from 64.6 metres down hole (Table 1). The five drill holes
extend the near-surface mineralization in the Western Zone down-dip
by approximately 50 metres. This area was not drilled previously
and is outside the 2012 NI 43-101 compliant resource estimation
(Figure 3). Drill holes MB-2012-131 and MB-2012-134 and MB-2012-136
were collared in the Eastern Massive Sulfide Zone and were drilled
to better delineate the northeast boundary of the mineralized
Eastern Zone (Figure 2). Drill hole MB-2012-134 intersected 18.4
metres of 3.21% zinc, 0.41% copper, 1.54% lead, 1.16 gpt gold and
61.9 gpt silver from 139 metres down hole (Table 1). Table 1 -
Composited Drill Hole Intercepts*
________________________________________________________________ |
Hole ID |From m|To m|Interval|Cu %|Pb % |Zn % |Au gpt|Ag gpt|
|___________|______|_____|________|____|_____|_____|______|______|
|MB-2012-131|152.0 |173.0| 21.0 |0.73|83.00|1.64 | 1.12 | 33.6 |
|___________|______|_____|________|____|_____|_____|______|______|
|MB-2012-132| 89.0 |201.0| 112.0 |0.10|1.92 |6.15 | 0.64 | 70.6 |
|___________|______|_____|________|____|_____|_____|______|______|
| Including |167.0 |200.0| 33.0 |0.10|3.60 |10.50| 1.37 |126.7 |
|___________|______|_____|________|____|_____|_____|______|______|
|MB-2012-133|183.0 |210.2| 27.2 |0.93|0.03 |0.08 | 0.07 | 8.9 |
|___________|______|_____|________|____|_____|_____|______|______|
| Including |191.0 |210.2| 19.2 |1.10|0.02 |0.10 | 0.10 | 7.8 |
|___________|______|_____|________|____|_____|_____|______|______|
|MB-2012-134|139.0 |157.4| 18.4 |0.41|1.54 |3.21 | 1.16 | 61.9 |
|___________|______|_____|________|____|_____|_____|______|______|
|MB-2012-135|144.8 |147.0| 2.2 |0.42|0.14 |0.54 | 0.03 | 7.5 |
|___________|______|_____|________|____|_____|_____|______|______|
|MB-2012-139| 88.0 |114.0| 26.0 |0.47|0.36 |2.06 | 0.28 | 21.4 |
|___________|______|_____|________|____|_____|_____|______|______|
|MB-2012-140| 64.6 |91.6 | 27.0 |0.60|0.64 |2.73 | 0.25 | 36.7 |
|___________|______|_____|________|____|_____|_____|______|______|
| Including | 67.0 |77.0 | 10.0 |0.10|1.10 |4.90 | 0.18 | 50.5 |
|___________|______|_____|________|____|_____|_____|______|______|
*The composite assays provided are of massive sulfide intersections
only employing a 0% Zn cutoff Note: The widths of the intersections
are approximate to the true width of the mineralized zone. Drill
holes MB-2012-136 and MB-2012-137 did not return economically
significant results. Metallurgy 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 which will
incorporate 2012 drill results, will form the basis of a
Preliminary Economic Assessment (PEA or Scoping Study) study to be
completed in Q1 2013. 2012 Exploration Program A minimum $3 million
budget has been proposed for the remainder of 2012 exploration
program. The budget includes $2.5 million for diamond
drilling work on the Murray Brook deposit and a $500,000
exploration program on the Murray Brook property and the adjacent
Camel Back property (Figure 2). The Camel Back property is located
in the area between the Murray Brook deposit to the west, which is
one of the largest massive sulfide deposits in the Bathurst Mining
Camp (BMC), and the Caribou deposit to the east which was recently
acquired by Trevali Mining Corporation. The 2012 exploration
program consists of: -- $2.5 million budgeted for drill programs to
develop the project including: o An 18,470 metre drill program that
began February 2012 and was completed on June 17th 2012. o
Delineate the outer perimeter of the Murray Brook deposit and
advance the resources into the measured (highest confidence)
category -- $0.5 million budgeted for exploration of the Murray
Brook and Camel Back Properties o Mapping and prospecting o Ground
gravity geophysics o 2,000 metres of drilling with bore-hole EM
surveys The Exploration Agreement Votorantim is the Operator of the
Murray Brook Project. In January 2011, ELN announced that it
provided notice to Votorantim to enter into a Participation
Agreement on the Murray Brook polymetallic massive sulfide deposit
situated in the Bathurst Mining Camp in New Brunswick, Canada.
Under Votorantimʹs Option and Joint Venture Agreement with Murray
Brook Minerals Inc. and Murray Brook Resources Inc., 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.
On May 10, 2012 ELN announced that Murray Brook Minerals Inc. (MBM)
has been given formal notice by ELN and Votorantim Metals Canada
("Votorantim") of a 50% earned interest in the Murray Brook,
Polymetallic project, Bathurst, New Brunswick. MBM has also been
provided with a valid notice that ELN and Votorantim are exercising
their option to acquire and become owner of an additional 20% (for
a total of 70%) beneficial interest in the Murray Brook mining
claims. About The Murray Brook Project The Murray Brook Project is
historically the 5(th) largest massive sulfide deposit in the
Bathurst Mining Camp and has excellent infrastructure (Figure 4).
To date, more than 28,000 metres of drilling has been completed
with encouraging results. The first NI 43‐101 Mineral
Resource Estimate for the Murray Brook Zn‐Cu‐Pb‐Ag‐Au deposit,
which includes explanatory footnotes, is presented in the table
below (see ELN press release dated February 28, 2012). The resource
estimate is based on various assumptions regarding mining methods,
processing and metal recoveries, payable metal NSR credits and
metal prices. This estimate makes no provision for capital costs to
mine the deposit, nor mill the material mined, as resources are not
reserves. The Technical Report on the 2012 NI43-101 Mineral
Resource Estimate is filed on SEDAR.com and is available on ELN's
website. Qualified Persons Statement This news release has been
reviewed and approved for technical content by Ali Hassanalizadeh
M.Sc. P.Geo. MBA, a qualified Person under the provisions of
National Instrument 43‐101. Votorantim Metals Canada Inc. Statement
Technical details in this news release were provided by Votorantim
whose professional geologists conduct operations consistent with
mineral industry best practices. Votorantim accepts no
responsibility for this news release or any inferences made from
the technical details provided herein. Murray Brook Mineral
Resource Estimate Summary (effective date December 31, 2011)
_________________________________________________________________
|Category |NSR Cut-Off $/t| Tonnes |Cu% | Pb%|Zn% |Au gpt|Ag gpt|
|_________|_______________|__________|____|____|____|______|______|
|Measured | $20 |1,620,873 |0.27|1.19|3.53| 0.5 | 44.1 |
|_________|_______________|__________|____|____|____|______|______|
|Indicated| $20 |17,063,441|0.43|0.93|2.52| 0.51 | 38.8 |
|_________|_______________|__________|____|____|____|______|______|
| M + I | $20 |18,684,314|0.42|0.95|2.61| 0.5 | 39.3 |
|_________|_______________|__________|____|____|____|______|______|
|Inferred | $20 |3,020,893 |0.62|0.75|1.83| 0.75 | 35 |
|_________|_______________|__________|____|____|____|______|______|
Mineral resources which are not mineral reserves do not have
demonstrated economic viability. The estimate of mineral resources
may be materially affected by environmental, permitting, legal,
title, taxation, socio-political, marketing, or other relevant
issues. (1) The quantity and grade of reported Inferred resources
in this estimation are uncertain in nature and there has been
insufficient exploration to define these Inferred resources as an
Indicated or Measured mineral resource and it is uncertain if
further exploration will result in upgrading them to an Indicated
or Measured mineral resource category. (2) The mineral resources in
this news release were estimated using the Canadian Institute of
Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral
Resources and Reserves, Definitions and Guidelines prepared by the
CIM Standard Committee on Reserve Definitions and adopted by CIM
Council (3) The Dec 31, 2011 two year trailing average US metal
prices used in this estimate were $3.71/lb Cu, $1.03/lb Pb,
$0.98/lb Zn, $1,397/oz Au, $27.63/oz Ag. The C$/US$ Exchange rate
was 0.99. (4) Overall payable metal in the NSR calculation were 81%
Cu, 72% Pb, 64% Zn, 71% Au and 56% Ag. (5) Mineral resources were
determined within a Whittle pit shell with 45 degree slopes
utilizing mining costs of C$2.50/tonne for mineralized material and
waste rock, and C$1.75/tonne for overburden. (6) Costs used to
determine the C$20/tonne NSR resource cut-off value were processing
at C$15/tonne and G&A C$5/tonne. (7) The Murray Brook Mineral
Resource Estimate was undertaken by Eugene Puritch, P.Eng. of
P&E Mining Consultants Inc. About Murray Brook Minerals Inc.
Murray Brook Minerals Inc. is a privately owned mining exploration
company, owner of one of the largest deposits in the Bathurst
Mining Camp, (New Brunswick, Canada) the Murray Brook Deposit, as
well as of the Camel Back Property consisting of 215 claims. About
Votorantim Metals Canada Inc. Votorantim Metals Canada Inc. is a
subsidiary of Votorantim Metais; a company that is part of the
Votorantim Group that was founded in Brazil in 1918 operates in
over twenty countries and has forty thousand employees. Votorantim
Metais is one of the five main zinc manufacturers worldwide, the
main electrolytic nickel manufacturer in Latin America, and the
Brazilian leader in the production of primary aluminum. About El
Nino 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 "signed" Harry Barr Chairman & CEO El Nino Ventures
Inc. 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.
(________________________________) (1) Figures 2 and 3 are provided
for illustrative purpose, they are not to scale and have no
demonstrated economic viability. El Nino Ventures Inc. CONTACT:
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
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