El Nino Ventures drills five m of 0.50% Cu in the DRC
2008-03-14 06:39 MT - News Release
Mr. Jean Luc Roy reports
EL NINO VENTURES REPORTS ADDITIONAL DRILLING RESULTS AND UPDATES ON-GOING WORK PROGRAM IN THE DEMOCRATIC REPUBLIC OF CONGO (DRC)
El Nino Ventures Inc. has provided further 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.
The company has received additional assay results from drill hole ANCU-001 which previously reported 3.5 per cent Cu over a 10-metre interval from 12 m to 22 m. Assays for metres 22 to 25 are still pending but results from 25 m to 50 m are as follows:
25 to 30 m: 0.24 per cent Cu
30 to 35 m: 0.36 per cent Cu
35 to 40 m: 0.50 per cent Cu
40 to 45 m: 0.43 per cent Cu
45 to 50 m: 0.35 per cent Cu
These latest results expand the apparent thickness of the mineralized zone to in excess of 35 metres. The company anticipated that the current mineralization, which lies at the margin of a 2.8-kilometre-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 the company 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 in the table.
AN2-001 0 to 1 m 0.72% Co and 0.50% Cu
35 to 51 m Values ranging from 180 ppm to 0.53% Co and 130ppm
to 0.4% Cu
AN2-002 37 to 54 m Values up to 0.14% Co and 0.21% Cu
AN2-008 15 to 36 m Values from 630 ppm to 0.29% Cu
AN2-009 10 to 23 m Values from 0.12 ppm to 0.24% Cu
Jean Luc Roy, president of El Nino, stated: "I am very pleased with the additional results from hole ANCU-001 as they provide us with an indication of the substantial thicknesses of copper mineralization that may be found in this area. Based upon the interpretation of our recently completed airborne geophysical survey, we believe we may be on the edge of a mineralized system which extends for over 2.8 km in strike length. We will drill test the extent of this anomaly starting in April. We have also identified four other geophysical anomalies on our other permits which will be tested in the forthcoming drill program.
"Although the results from the initial drilling in the artisanal area are lower than expected, we will redrill 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 metres long and 60 metres wide.
"At present the geochem survey results are being compiled and analyzed 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-metre drill program to start by mid-April."
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.
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