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Market: TSX
Sector: General Mining
Epic: ELN
News: Latest news
Web Site: El Niño Ventures
Other Articles: 06-08-200905-05-200917-02-2009

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Wednesday March 17, 09:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Wednesday March 17, 06:53SocGen "moderately bullish" on commodities in a two-speed world

Moderately bullish on commodities as a whole for the year, Société Générale asserts that prices are likely to vary considerably from metal to metal with a strong emphasis on developing economies still a major theme.

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Monday March 15, 09:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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El Niño Ventures

El Niño Ventures

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.

Tuesday, December 16, 2008

El Niño Ventures Completes Acquisition of Phoenix Mining

El Niño Ventures (TSX.V: ELN) announce that it has signed an Acquisition of an Interest Agreement with Phoenix Mining Corporation, a Congolese mining company.

Under the terms of the agreement, El Niño can earn a 70% interest in PR 9316 in the DRC by making a payment of US$200,000, issuing 100,000 shares on each of the three anniversary dates of the agreement for a total of 300,000 shares, and pay $2 million to Phoenix Mining upon the following schedule: (i) $250,000 within 15 days of the first anniversary (ii) $300,000 within 15 days of the second anniversary (iii) $350,000 within 15 days of the third anniversary, and (iv) the balance of $1,100,000 within 15 days of the fourth anniversary.

Jean Luc Roy, President & CEO of El Niño Ventures Inc. states: "We are very happy to reach a conclusion on this acquisition with Phoenix Mining. This Research Permit 9316 is located between two world class deposits, the Ruashi deposit and the Luishi deposit and the Company is already planning its initial exploration program which will be carried out over the next year.

I would also like to update our shareholders on the pending results on our PR 5214 which were expected this month. We should have all results in a couple of weeks and at that point the Company will release its results on the Kasala Project. "

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