Proactive investorsLogo Proactive Investors UK Website

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

RSS - Subscribe to the News Today on Proactive UK ▼

Wednesday March 10, 09:50StatPro FY pretax up 48% in 2009, confident of good growth ahead

All performance indicators showed a marked improvement during 2009, and the financial software provider looks set to continue its good run in the current year.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive AU ▼

Tuesday March 09, 10:58US Broker: "Circadian Technologies The Cheapest Little Antibody Company on the Planet"

San Francisco-based investment bank has upped the ante in recommendation and rating on Australian listed Circadian Technologies.

FULL ARTICLE ►

RSS - Subscribe to the News Today on Proactive CN ▼

Tuesday March 09, 10:55Nidec Corporation adds third factory and laboratory in Dalian City, China

Nidec Corporation (NYSE:NJ), the Japan headquartered manufacturer of small-to-mid-size motors, fan motors, and pivot assemblies, is to expand its presence in China through the construction [...]

FULL ARTICLE ►
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.

Monday, January 12, 2009

El Nino Ventures reports spectacular grades at Kasala Copper Project

by Ian Mclelland company news image

Shares in El Nino Ventures were halted in trading moments before the company released an update on drilling at the Kasala Copper Project in the Democratic Republic of Congo ('DRC').  Highlights from drilling included an impressive 7 metres at 7% copper, 10 metres at 6% copper, 11 metres at 3.7% copper and 21 metres at 2.4% copper.


El Nino has a 70% interest in Kasala, with an option to earn up to 90% on terms to be negotiated.

Allan Lines, exploration manager for El Nino Ventures, said: "With the latest assay results we have confirmed that copper mineralization in the Kasala area has a minimum strike length of approximately 800 metres and a width of approximately 250 metres. Intersections in some of the drill holes completed in 2008 indicate thicknesses of as much as 91 metres."

El Nino went on to report that it had thus far indentified three different types of mineralization at Kasala: oxide copper, mixed oxide and sulphide copper and sulphide copper.  Drilling to date suggested the oxide blanket is the lower grade mineralization, but with the thickest sequence.  The oxide-sulphide copper is higher grade (3-6%) and 5-10 metres thick, while the sulphide copper is also high grade (3-7%) and as thick as 20 metres.

Another drill hole, MDB-016, also reported a one metre section grading 1.22% lead and 1.51% zinc, suggesting the potential for polymetallic mineralization at Kasala. The lead and zinc zone was drilled only 100 metres south of the Kasala Main Zone.

El Nino plans to complete a further 7,500 metres of diamond drilling at the Kasala Main Zone in 2009 to test other anomalies.

Jean Luc Roy President & CEO of El Nino said that the company's 2008 drilling campaign had been a successful one: "These results confirm that our 2008 drilling campaign has proven to be very successful. The Kasala project will be the primary focus for the Company's 2009 advanced exploration program. This project, combined with our other highly prospective research permits in the DRC, position El Nino to grow and succeed in its goal of confirming a mineable deposit in the DRC.

The Kasala project has returned for the Company very consistent and significant results which the Company will build upon in 2009. An extension of the Main Zone has been identified by the IP program that was completed in December 2008. The Company has a 70 percent interest in the Project and has an option to earn up to 90 percent on terms to be negotiated. This project is not subject to the Mining Review being carried out by the Government of the Democratic Republic of Congo and title on this property is held by a Congolese Subsidiary controlled by the Company, with a 70 percent interest in the share capital."

AddThis Feed Button
Register here to be notified of future El Niño Ventures articles.

Investors interested in El Niño Ventures recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.