InvestorsHub Logo
Followers 35
Posts 12463
Boards Moderated 8
Alias Born 12/17/2002

Re: None

Wednesday, 05/14/2008 10:47:05 PM

Wednesday, May 14, 2008 10:47:05 PM

Post# of 333

El Nino to begin diamond drilling at DRC project


2008-05-13 06:24 MT - News Release

Mr. Jean Luc Roy reports

EL NINO VENTURES DRC EXPLORATION PROGRAM UPDATE

El Nino Ventures Inc. has provided an update on the continuing exploration program that commenced on April 14, 2008.

Since commencing reverse circulation (RC) drilling operations on PR5217 on April 14, 2008, El Nino Ventures has completed 11 RC holes totalling 925 metres over an area of prospective rock formation of the Mines Group. This area was previously tested during El Nino Ventures' 2007 RC drilling campaign -- one of the four holes drilled in this area during the 2007 program (ANCU-001) intercepted 10 metres of 3.51 per cent copper. The 2008 campaign is continuing with holes that had been planned before heavy rains forced an early end to the 2007 program. An additional seven RC holes are planned for this area.

The RC drill will next move to the western central area of PR5217 where regional soil sampling completed during the rainy season has identified a 2.5-kilometre-long copper anomaly along an east-west-trending fault identified by regional mapping. A minimum of eight RC drill holes are planned to test this soil anomaly and structural corridor to depths of approximately 100 m. Several diamond drill holes are also planned to assess this structure at depth. The diamond drilling program is planned to start this week, when a diamond drill rig from Boart-Longyear mobilized to PR5217.

Other near-term activities part of the program, include a 133 line km ground magnetometer geophysical survey in the southeastern corner of PR5215 to aid in tracing numerous crosscutting structures identified from interpretation of the 2007 Heli-Mag geophysical survey that El Nino Ventures had flown over four of the company's permits. Upon completion of the ground magnetic survey and interpretation of the results of this program, it is planned to drill test several targets in this complex structural area which hosts prospective Roan supergroup strata.

An auger drill program will be undertaken on PR5214 to obtain soil samples under marshy grounds which cover areas mapped as Roan strata. The auger drill will be used to collect soil samples from 12 to 15 metres depth, below the alluvial soils which might otherwise mask the geochemical signature of any metal deposits under these marshes.

Regional soil sampling on PR2461 will start on Saturday, May 3, and is expected to take approximately seven to 10 days to complete.

El Nino's DRC exploration manager, Allan Lines, states that: "It is a busy and exciting time for us. We are once again drilling with Titan who is doing a fantastic job for us on the RC. Our diamond drill from Boart-Longyear will be on site early next week and we will start testing known mineralized structures at depth. Our multidisciplinary approach is continuing to generate new targets for us -- the soil geochem and our airborne geophysics have identified a number of new areas that we plan to test with the RC drill this year."

The company also has received about 75 per cent of the outstanding drill results from its 2007 drill campaign. Results from 44 shallow reverse circulation holes show some mineralization up to 13,750 parts per million Cu and 3,960 ppm Co over narrow intervals. These holes totalled 2,320 metres of drilling.

These results are west of the 2.5-kilometre anomaly identified by the soil geochemical survey and the airborne geophysical survey.

Jean Luc Roy, president and chief executive officer, states: "The 2008 drill program is well under way and the company is looking to expand on the results it published to date and also to test drill several significant areas which have yet to be tested. The interpretation work done by our technical team gives us a much more focused approach for the 2008 program. Work done in 2007 has identified a high-grade copper zone and we will look to expand that zone in the next few months. We are also very encouraged by the results from our geochemical soil sampling campaign carried out during the rainy season. The company has purchased a prep laboratory facility and we hope that this will cut down the turnaround time in getting results."

Benoit Violette, PGeo, is the qualified person and has reviewed the contents of this press release.

We seek Safe Harbor.

Ed

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.