El Nino Ventures Inc. - Attending 2011 PDAC International Convention, Toronto, Canada
24.02.2011 | ABN Newswire
14:41 AEST Feb 24, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Vancouver, Canada (ABN Newswire) - El Nino Ventures Inc. (CVE: ELN) (PINK: ELNOF) (ETR: E7Q) will be exhibiting at the 2011 PDAC International Convention, Trade Show & Investors Exchange in Toronto, Canada at the Metro Toronto Convention Centre and would like to invite attendees to visit us at booth 2129. El Nino Ventures will also be attending this year's Mines and Money Conference in Hong Kong, March 22-25, 2011 at the Hong Kong Convention and Exhibition Centre (HKCEC).
El Nino Ventures is a mineral exploration company focused on the exploration and development of copper and base metals projects.
One of the newest copper discoveries in the Central African Copperbelt, El Nino Ventures' Kasala project is located approximately 70 kilometers northwest of Lubumbashi, Democratic Republic of Congo's second largest city and the center of the country's massive copper/cobalt mining industry. The Central African Copperbelt contains over 10% of the worlds copper and 34% of the world's cobalt. The Kasala project permits are located adjacent to Anvil Mining's (TSE: AVM) (TSE: AVM) Kinsevere Mine, which is expected to produce 24,000 tonnes (52 million pounds) of copper annually for the next 20 years.
El Nino Ventures, along with its joint venture partners, Xstrata Zinc and Votorantim are currently carrying out an extensive exploration program within the Bathurst Mining Camp. The Camp consists of billion dollar infrastructure located in the world class mining district of New Brunswick. It is home to the largest underground zinc mine in North America the Brunswick Number 12 deposit, which contained nearly 295 million tons of massive sulphides and is currently operating at 10,000 tons per day. The Bathurst Camp is host to a number of past and present mines that contained zinc, lead and silver in volcanogenic massive sulphide deposits of varying sizes.
- Votorantim has committed CAD$5M to the 2011 exploration season including 10,000 metres of drilling
- Airborne and ground geophysics, 10,000 metre drill program planned
- Drilling to begin the spring of 2011
- Targets outlined from the 2010 and ongoing Q1-2011 exploration programs
- 4712 claims in Tri-party agreement with Xstrata (LON:XTA) & Votorantim
On January 20, 2011 El Nino announced it had provided notice to Votorantim Metals Canada Inc. to enter into an option agreement on the Murray Brook Deposit, situated in the Bathurst Mining Camp in New Brunswick, Canada.
- 505 ha mining lease containing the Murray Brook deposit
- 215 claims covering 4100 ha (Camel Back Project)
- Past production: 1,384 kgs of gold & 9,829 kgs of silver
- Historic 43-101 completed by Novagold Resources (1988)
- Drill program in progress
About Xstrata plc http://www.xstrata.com
Xstrata is a global diversified mining group, listed on the London and Swiss Stock Exchanges. Headquartered in Zug, Switzerland, Xstrata maintains a meaningful position in seven major international commodity markets: copper, coking coal, thermal coal, ferrochrome, nickel, vanadium and zinc with additional exposure to gold, cobalt, lead and silver. The Xstrata Group also comprises a growing platinum group metals business, iron ore projects, recycling facilities and a suite of global technology products, many of which are industry leaders. The Group's operations and projects span 20 countries.
About Votorantim Metals Canada Inc. http://www.votorantim.com.br
Votorantim Metals Canada Inc. is a subsidiary of Votorantim Metals, a company that is part of the Votorantim Group, which was founded in Brazil in 1918 and now operates in over twenty countries and has over forty-five thousand employees. Votorantim Metals is the largest electrolytic nickel producer in Latin America and one of the world's leaders in production of zinc and aluminium.
Find out more information on El Nino Ventures, please visit: http://www.elninoventures.com
For more information on the PDAC International Convention, please visit: http://www.pdac.ca
About El Nino Ventures Inc.:
El Nino Ventures Inc. is an exploration company, focused on exploring for Copper/Cobalt in the Democratic Republic of Congo ('DRC'). In addition the Company had entered into an Option agreement with Votorantim and Xstrata Zinc whereby Votorantim, by incurring exploration expenditures of CAD$10 million over a period of 5 years. Votorantim may further elect to increase its interest to 70% by spending another CAD$10 million over an additional two years. The Votorantim option is on an extensive land package in the Bathurst Mining Camp that ELN currently shares 50/50 with Xstrata Zinc Canada. Votorantim has committed to a CAD$5M, 10,000 metre exploration program for 2011.
Contact:
El Nino Ventures Inc.
Investor Relations: Fern Turner
Toll Free 1-800-667-1870
Tel: +604-685-1870
Fax: +604-685-8045
http://www.elninoventures.com