El Nino Ventures Inc. News
El Nino Ventures reports additional drilling results and updates on-going work program in the Democratic Republic of Congo (DRC)
The Company has received additional assay results from drill hole ANCU-001 which previously reported 3.5% Cu over a ten meter interval from 12m to 22m. Assays for meter 22 to 25 are still pending but results from 25m to 50m are as follows: 25 to 30m 0.24% Cu These latest results expand the apparent 30 to 35m 0.36% Cu thickness of the mineralized zone to in excess 35 to 40m 0.50% Cu of 35 meters. We anticipate that the current 40 to 45m 0.43% Cu mineralization, which lies at the margin of a 45 to 50m 0.35% Cu 2.8km long geophysical anomaly, will extend along strike as this anomaly is fully drill tested.
The Company has also received drill results from holes AN2-001, AN2-002, AN2-003, AN2-006, AN2-008 and AN2-009. These holes were drilled in an area of artisanal workings where workers were formerly mining high grade cobalt mineralization. This zone is outside the copper zone and is south of the geophysical anomaly. Drilling completed to date in this area has not been ideal because it was done in the rainy season and wet conditions prevented us from being able to properly assess the cobalt potential of this area because of difficulties in accessing and collaring holes within the workings. Also significant sample loss was experienced due to the extremely wet drilling conditions. ELN plans to fully test the Cobalt potential of this zone once field conditions permit.
Significant values intersected in the above holes are: AN2-001 0 to 1m 0.72% Co and 0.50% Cu 35 to 51m Values ranging from 180 ppm to 0.53% Co and 130ppm to 0.4% Cu AN2-002 37 to 54m Values up to 0.14% Co and 0.21% Cu AN2-008 15 to 36m Values from 630ppm to 0.29% Cu AN2-009 10 to 23m Values from 0.12%ppm to 0.24 Cu
Although the results from the initial drilling in the artisanal area are lower than expected, we will re-drill test this area in the dry season when we will be able to drill right through this artisanal zone. We were unable to do this in the initial drilling as we had to locate the drill collars further back than we had intended because of ground conditions. This zone was high graded for cobalt by artisanal workers and extends over an area 450 meters long and 60 meters wide.
At present the geochem survey results are being compiled and analysed by CCIC and our technical team and we will have a finalized exploration program for 2008 by the end of the month and anticipate our 25,000 meter drill program to start by mid-April."
The content of this press release has been reviewed by
About El Nino Ventures Inc.
El Nino Ventures is a junior exploration company, whose corporate objective is to revisit former mining regions and apply the latest technologies to advanced stage exploration targets. El Nino has acquired a 70% interest in over 350 square kilometers in the world renowned Copper Belt in the Democratic Republic of
On Behalf of the Board of Directors (signed) Jean Luc Roy, President and CEO The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release CUSIP # 28335E-10-6
This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the
CONTACT: Tel: (604) 683-4886, Toll Free: (877) 895-6466, Fax: (604) 683-4887, Email: info@elninoventures.com, Or visit: www.elninoventures.com
SOURCE El Nino Ventures Inc.
Search Our News Using Google Search
Can't find what you want? Try using Google:
