Description
El Nino Ventures Inc. is a junior exploration company focusing its efforts on copper exploration in the Democratic Republic of Congo (DRC) and base metals exploration in the Bathurst Mining Camp in Bathurst New Brunswick, through an option joint venture agreement with Xstrata Zinc Canada
Share Price
In-depth El Nino Ventures Proactive Investors Articles
Recent El Nino Ventures news
- 13/11/2008 El Niño expects Kasala project drilling results in December and says its land position in DRC is safe
- 06/05/2008 El Nino starts drilling in Ireland
- 14/04/2008 El Nino begins 25,000 metre drill program in DRC
- 03/04/2008 El Nino makes board appointment
- 21/02/2008 El Nino Ventures confirms DRC land position is secure
Presentations & Company Media
Related Research & Media
No Documents available.
Company Statement:
El Niño started out as a Uranium/Molybdenum exploration company, with the acquisition of a Moly Project at Anderson Lake, and eight Uranium projects located in the Bancroft area back in 2005. Harry Barr, President/Chairman of El Niño Ventures at the time, was looking for a project that would set El Niño apart from the other companies in his stable of exploration ventures. He already had CanAlaska Uranium (CVV) exploring for Uranium in the Athabascan Basin; Freegold Ventures (ITF) exploring for Gold in Alaska/Idaho; and Pacific North West Capital (PFN), a PGM company with a prolific property in the Sudbury Basin.
A few years later, Harry was presented with an amazing opportunity: to explore the world famous Bathurst Zinc/Base Metals Mining Camp via an Option/Joint Venture agreement with Falconbridge Ltd. The deal was signed in May 2006 between El Niño Ventures Inc. and Falconbridge Ltd. This deal would allow El Niño to earn up to 50% of Falconbridge Ltd's land position by expending $5,000,000 over the next 2 years. El Niño was now playing in the big league with the acquisition of this Bathurst deal, and Harry decided that is was time he acquired a big-league player to run this company and help push it to the next level.
In came Mr. Jean Luc Roy, with over 20 years of industry related experience --- 5 years spent as the Managing Director of a little company called First Quantum Minerals (FM) that grew into one of the mining sector's success stories with his assistance. During his time at First Quantum, Jean Luc was instrumental in seeing a tailings project through to production in less then a year in the DRC during a time of political unrest. He joined the company with a stock price that was trading near $2.50 and a market cap of approximately $250 million; he left First Quantum to join El Niño with the stock trading at approximately $60.00, a market cap of around $3.5 billion, and 750 people working underneath him, 30 of which were ex-pats. With Jean Luc Roy as President, Harry could take a step back and focus on what made him successful all these years: financings, joint ventures and new property acquisitions.
El Niño Ventures started its work program in July 2006 and began a 23,500-metre drill program in October. This diamond drill program is the first stage of a 55,000-metre drill program that will continue on through March 2008 and see El Niño expend $10,000,000 over that time, with $5,000,000 coming from the New Brunswick Government.
Current Operations:
Congo Copper Project
- El Niño has acquired an initial 70 percent interest, over 350 Square kilometers
- Located in the world renowned DRC Copperbelt
- El Niño's first project is adjacent to Anvil Mining (AVM:TSX), Tiger Resources (TGX:ASX), BHP Billiton and First Quantum Minerals (FQM:TSX)
- El Niño's President and management have extensive experience in the DRC Exploration program in progress
- El Niño is aggressively acquiring base metal projects throughout the DRC
- El Niño's market cap is approx. $38 million, working capital $10 million
Bathurst Zinc Project
- El Niño can earn up to 65% and or 75% over 5 years by expending up to $5 million on each carve out
- Xstrata can back into 50% by expending 2.5 times El Niño's expenditures
- Xstrata can increase its interest in one or more projects from 50% to 70% by electing to complete a feasibility study or by expending $20 million on each project
- El Niño has the option to earn 50% of Xstrata's exploration projects in the Bathurst Mining Camp
- El Niño must expend $5 million to earn this 50% over 2 years upon vesting
- El Niño may elect to carve out one or more project areas
Bancroft Uranium Property
Known as "the Mineral Capital of Canada" (Bancroft & District Chamber of Commerce) due to the abundance of minerals found in the area, Bancroft was especially well known for its uranium production, once home to four past producing mines, producing a total of 14,862,653 lbs U3O8 between 1956-1982. [Read More]
The current projects at Bancroft include:-
Halo Project [Read More]
Amalgamated Rare Earth [Read More]
Canda Radium Uranium Project [Read More]
Empire B Uranium Project [Read More]
Saranac Project [Read More]
Canadian All Metals Project [Read More]
Silver Crater Project [Read More]
McLean-Hogan Project [Read More]
Prospecting Ireland
13 prospecting licenses encompassing 450 square kilometers
$600,000 exploration budget for 2008
3 zinc/lead mines are currently being operated by
Anglo American Lisheen Mining Ltd.
Boliden Tara Mines Ltd.
Lundin Mining Exploration Ltd.
Other major companies exploring for base metals are Xstrata Zinc and Teck Cominco Ireland Ltd.
Management
Jean Luc Roy, M.B.A
President & Chief Executive Officer
[Read More]
Michael Philpot, B.Sc. MBA
Lead Director
[Read More]
John Royall, B.Sc. (Hons), P.Eng.
Director
[Read More]
Morris Medd
Director
[Read More]
Damian Towns
Director
[Read More]
Taryn Downing
Corporate Secretary
[Read More]
Major Shareholders
For Investor Information Factsheet please [Select This Link]
Contact Information
Corporate Address
Address: 1440-1166 Alberni Street,
Vancouver, B.C. Canada V6E 3Z3
Telephone: 604.683.4886
Facsimile: 604.683.4887
Toll Free: 1.877.895.6466
Corporate Information
Investor Relations
Email: ir@elninoventures.com
Telephone: 604.683.4886
Facsimile: 604.683.4887
Toll Free: 1.877.895 6466
Registrar & Transfer Agent
Computershare Trust Company of Canada
530 - 8th Avenue SW Suite 600, Calgary, Alberta, T2P 3S8
Telephone: 403-267-6800 Facsimile: 403-267-6529
Auditors: PriceWaterhouse Coopers
Address: 250 Howe Street - 7th Floor,
Vancouver, B.C. V6C 3S7
Legal Counsel: Devlin Jensen
Suite 2550 - 555 West Hastings Street,
Vancouver, B.C. V6B 4N5 Canada
Listing Information: Trade Symbol
TSX Venture Exchange :ELN.V
FRANKFURT: E7Q
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