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Market: TSX
Sector: General Mining
EPIC: ELN
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El Niño Ventures
www.elninoventures.com

El Nino Ventures Inc. is a junior exploration company focusing its efforts on copper exploration in the Democratic Republic of Congo and base metals exploration in the Bathurst Mining Camp in Bathurst, New Brunswick and Ireland. The Company is engaged in the acquisition, exploration and development of mineral properties.

Full El Niño Ventures profile here
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El Nino Ventures closes private placement to raise C$1.5 mln, updates on Kasala copper project in DRC

2nd Dec 2009, 5:18 pm
El Nino Ventures closes private placement to raise C$1.5 mln, updates on Kasala copper project in DRC

El Nino Ventures Inc (TSX-V: ELN; Frankfurt: E7Q) said it has closed the non-brokered private placement announced in October 2009 to raise C$1.5 million which it will use in part to advance properties in the Democratic Republic of Congo.

It also said the recent drill program at the Kasala copper project in the DRC identified consistent mineralization over large widths. Highlights of the recent work include 22 metres at 3.28 percent copper, 29 metres at 2.82 percent Cu, 31 metres at 2.19 percent and 11 metres at 3.68 percent Cu.

The Kasala prospect is located approximately 70 kilometers northwest of Lubumbashi, the center of the country's massive copper/cobalt mining industry. The Central African Copperbelt contains over 10 percent of the worlds copper and 34 percent of the world's cobalt.

These latest results confirm the presence of significant mineralization within the Kasala Main Zone with the potential for expansion based on the results from an IP Survey completed in early 2009.

The recent drill program focused exclusively on Kasala Block A. Blocks B and C are yet to be drill tested, but are considered as priority drill targets due to the strong copper-in-soil values identified over large areas on these blocks. Block C in particular has numerous multi-point anomalies of greater than 300 parts per million copper-in-soil and has an anomalous area of approximately 1,500 meters long by 1,500 meters wide, making it a high priority for drilling, the company said.

An infill diamond drilling program of at least 5,000 meters is planned to commence on Block A in late April 2010, to determine the complete extent of the mineralization and to allow an NI 43-101 compliant resource estimate to be completed on Block A by the end of summer 2011.

In advance of any additional drilling the company will undertake additional soil sampling, both across Blocks A, B and C and regionally, to provide enhanced geochemical detail while selecting drill targets.

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