El Nino Ventures Inc fka ELN

[johnlw]

El Nino drills 10 m of 3.5% Cu in the DRC

2008-02-01 06:32 MT - News Release

EL NINO VENTURES INTERSECTS 10 METERS OF 3.50% CU AND 5 METERS OF 1.90% CU, IN THE DEMOCRATIC REPUBLIC OF CONGO (DRC)

El Nino Ventures Inc. has provided initial analytical drill results from the recently completed 6,200-metre reverse circulation drill program on its 70-per-cent-owned research permit 5217 in the Democratic Republic of Congo. Analyses were carried out by ALS Chemex, Johannesburg, South Africa. Quality control procedures were strictly adhered to and included taking drill chip samples directly from the drill return by the project geologist, placing them in sealed bags and sending them directly to ALS Chemex in Johannesburg by air freight, which carried out the preparation and analysis.

El Nino currently holds a 70-per-cent interest in four well-located research permits, accessible by road from the town of Lubumbashi in southern Congo. Each permit is partially underlain by the highly prospective Roan formation which hosts most of the important copper deposits in this area.

The company has now received analytical results from three drill holes ANCU001, ANCU003 and ANCU004 (values for ANCU002 are pending) completed during the 2007 drill campaign. Each of the three holes reported were drilled to a depth of 150 m and inclined at minus 60 degrees.

These results are the first received from the 2007 drill program which targeted a copper anomaly, artisanal workings and remote sensing anomalies on permit 5217. The results published in this release specifically relate to drilling on the copper showing and results relating to drilling on the other targets will be reported when received. Significant copper intercepts in the three holes reported are in the table.

 
                                                  Average 
 Hole         From        To          Width       Cu % grade 
  
 ANCU001      12m         22m         10m         3.51% 
  
 (Note one of the component one m sample analyses comprising  
 this intercept was reported by ALS Chemex as greater than 10 
 per cent Cu and this sample is being reanalyzed to obtain its  
 exact value. A value of 10 per cent Cu was used for this  
 particular sample in the reported intercept. Therefore this 
 intercept is thought conservative will be subsequently revised and 
 reported). 
  
 Including    15m         19m          4m         7.24% 
 And         120m        149m         29m         0.30% 
 ANCU003      20m         30m         10m         0.25% 
 ANCU004      20m         25m          5m         1.88% 
      
 

Other results vary between 30 and 895 parts per million (ppm) Cu. Associated Co values are generally low (less than 1,000 ppm).

Jean Luc Roy, president of El Nino, states: "We are very pleased with these results as they confirm the presence of near surface high-grade copper zones on the permit. Substantial follow-up drilling, planned to commence in April after the rainy season, will test numerous high-priority targets delineated on the permit. The particular results reported come from our copper anomaly which is situated in the center of permit 5217 along the southern edge of a major magnetic anomaly. Only four holes were completed in this area when drilling was stopped by the heavy rains, so we look forward to getting back to drilling off the mineralization in this area in April. Other results are expected over the next weeks and we will report these as they become available. In 2008 our drill program will test other areas within permit 5217 and will also test geophysical targets identified on permits 5214 and 5215."

The content of this press release has been reviewed by Benoit M. Violette, Pgeo, consulting geologist, and the qualified person under National Instrument 43-101.

We seek Safe Harbor.