Company Reports > El Niño Ventures Inc.


Report Date :  

 February 22, 2011

Telephone :  


Symbol :  


Facsimile :   


Contact :  

 Investor Relations




eMail :


One of the most interesting companies within the International Metals Group (IMG) is Vancouver-based El Nino Ventures with its widely diversified roster of projects including the polymetallic Bathurst Mining Camp properties in New Brunswick, Canada and their copper/cobalt development-stage holdings in the Democratic Republic of Congo (DRC) in Africa.


IMG itself is an ‘umbrella’ organization under which several companies operate with the chief benefits coming from a sharing of expertise relating to project acquisition, exploration and development of resource properties.  IMG’s staff includes CEOs, geologists, corporate finance and investor relations experts, corporate managers, public company administrators, as well as regulatory and government affairs specialists.  By being able to share these resources, El Nino is able to obtain a significant advantage in terms of resources, costs and expertise when compared to individual public companies.


El Nino’s focus has been divided over the past year between aggressively advancing their interests in the New Brunswick projects while at the same time carrying on legal actions to protect their interests in the DRC in relation to the Kasala Project.  As a result of these efforts, in late February 2012 El Nino was able to publish an Initial NI 43-101 Mineral Resource Estimate for the Murray Brook Zn-Cu-Pb-Ag-Au Deposit (see below). 





The Bathurst Mining Camp (BMC) zinc project is a joint venture project comprised of 1,805 claims of which 50% are owned by El Nino and 50% owned by mining giant, Xstrata; plus another 2,907 claims owned 100% by Xstrata.  In addition, there is yet another Area of Interest where ELN and Xstrata hold equal interest.


A third entity, Votorantim Metals, Inc., can earn a 50% interest in the joint venture by expending $10 million over a five-year period and is entitled to earn an additional 20%, thereby raising its interest to 70%, by spending an additional $10 million over two further years.


Earlier drill programs at the BMC Zinc project delineated historical deposits of lead, zinc and copper mineralization located within the 1805 claims in which ELN holds their shared interest with Xstrata. 


A $5 million exploration/works program was completed during 2011 which included a HeliTEM geophysical survey looking for conductors; ground EM and ground gravity surveys; soil geochemistry surveys (MMI); drilling and borehole surveys and a Falcon airborne gravity survey (AGG).


Based on the interpretation of results from this work, drill programs are in the planning stage to test key compelling targets in 2012.


It is also worth noting that the BMC itself consists of an area which has witnessed the building of a $1 billion infrastructure and is home to the largest underground zinc mining operation in North America, the “Number 12” deposit containing nearly 295 million tons of massive sulphides and which is operating at the rate of 10,000 tons per day.


El Nino’s other area of interest in New Brunswick is a joint venture with Votorantim Metals (VM), known as the Murray Brook Project where past production by previous owner Nova Gold from 1989 through 1992 included 1,384 kgs of gold and 9,829 kgs of silver.  Nova Gold also completed a non-compliant historic resource estimate at Murray Brook which included 20.2 million tons grading 1.4% Zn, 0.3% Cu. 0.6% Pb, 25 g/t Ag and 0.3 g/t Au.  A copper-rich zone within this deposit contains an estimated 2.087 million tons grading 2.0% Cu, 1.1% Zn, 0.4% Pb, 46 g/t Ag, and 0.3 g/t Au.  Under the provisions of NI 43-101 insufficient work has been carried out to classify any of the historic occurrences as current mineral resources and these historic references should not be relied upon.


El Nino's new Resource Estimate shows "Measured and Indicated (M&I) resources of 18,684,000 tonnes grading 0.42% Cu; 0.95% Pb; 2.61% Zn; 0.51 g/t Au and 39.3 g/t Ag.  In addition, the Resource Estimate also identified Inferred resources of 3,021,000 tonnes grading 0.62% Cu; 0.75% Pb; 1.83% Zn; 0.75 g/t Au and 35.0 g/t Ag.


Assays from a three-hole 595 meter due diligence drill program designed to verify historic information showed results including 9.56% zinc, 3.39% lead, 122.1 g/t Ag, 0.10 g/t au and 0.47% Cu over 27.00 meters (88.56 feet) at Hole MB-10-16.


That initial 'due diligence'; program was followed up in 2011 by a 60 hole, 10,327 meter in-fill drill program designed to discover higher grades and also to upgrade resources from 'Inferred' to 'Indicated'.  Another goal of the drill program was to complete a new NI 43-101 Resource Estimate in early 2012.  Assays from the 2011 program included Hole MB-2011-09 which returned 0.12% Cu; 3.07% Pb; 9.06% Zn; 0.55 g/t Au and 129 g/t Ag over 14.35 meters.


Plans for 2012 at Murray Brook include completion the new NI 43-101 Resource Estimate; additional drill programs to move resources into the "Measured" category plus additional mapping, prospecting, ground gravity geophysics, metallurgical studies and a 2000 meter borehole EM survey program.  Later goals include a Preliminary Economic Assessment (PEA) in 2013 and completion of a Feasibility Study in 2015.    


Murray Brook is located approximately 60 Km west of Bathurst, NB  and infrastructure includes a gravel road leading into the property, nearby electricity grid plus goods as well as services and personnel located in nearby communities.





At long last, ELN was able to report in April 2011 that courts in the DRC had ruled in favour of the company in its dispute to gain clear rights to its Kasala Copper project.  However, the defendants in the case have appealed the court's judgement and the company anticipates that appeal will be dismissed in early 2012.  In the meantime, El Nino is using a legal technique known as "Force Majeure" to protect its Kasala permits.  


Kasala is located in Katanga Province of the DRC, approximately 70 Km NW of Lubumbashi, the country’s 2nd largest city, lying at the heart of their massive cobalt/copper mining industry.  The Central African Copperbelt contains over 10% of the world’s copper and 34% of the world’s cobalt.  Kasala is located adjacent to Anvil Mining’s Kinsevere Mine which is expected to produce 52 million pounds of copper annually over the next 20 years.


Major mining companies active in the area include Tiger Resources, Freeport-McMoran, Lundin Mining, Quantum Minerals, Katanga Mining, Ivanhoe Nickel & Platinum and Konkola Copper Mines.  Project infrastructure includes lying within20 Km of the national highway, within 30 Km of railway services and nearby high-tension electric transmission lines.


A recent drill program identified consistent mineralization over large widths from 50 to 91 meters and highlighted high-grade intercepts which included 22 m @ 3.28% Cu; 29 M @ 2.82% Cu; 31 m @ 2.19% Cu and 11 m @ 3.68% Cu.


Once all legal issues are finally resolved, the company plans a geophysics and geochemistry program for 2012 involving data and geological map searching; a new high-resolution geophysics survey and new geochemistry surveys to be followed by analysis of assay data, drill target definition and follow-up drill programs and, ultimately, resource drilling, project development and eventual mine production.


 El Nino’s management team is headed by Harry Barr, Chairman and CEO; Jay Oness, COO; Dr. Bill Stone, Executive VP - Exploration; Ali H. Alizadeh, Senior Geologist and Scott Donaldson, VP - Business Development..


Additional information is available at the company website, or by contacting Investor Relations at


Interview of Mr. Harry Barr by Dale Jackson of Corporate Profile Minute

NOTE:  This report will be updated as new information is provided and also following a property visit which will be scheduled at the earliest opportunity.


El Niño Ventures Inc.

650-555 West 12th Avenue,

City Square, West Tower
Vancouver, BC, Canada, V5Z 3X7

Telephone :


Facsimile :


The Melman Report

244 - 2465 Apollo Dr.
Nanoose Bay, BC
V9P 9K2
T. 250.947.5505
F. 250.468.7027

The information presented on companies herein is based on data and information which we believe to be true and supported from reliable sources. However, the accuracy of this information is not implied nor can it be guaranteed. All objective reports contained herein are those of the editor and are offered for a fee and are to be used for information purposes only.

Any investment decisions should be made only following consultation with registered investment professionals.


©    A PIPEDA Compliant Website