El Niño Ventures Announces Exploration Update on the Bathurst Mining Camp (BMC) Base Metals Project, Tri-Party Agreement, New Brunswick

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[{"type":"text","content":"\n\n\n\n\n\n\n\n\n\n\n\n\nThe BMC project initially comprised of 4,712 claims owned 50% ELN, 50%\n Xstrata, 2907 claims owned 100% by Xstrata Zinc, together with an Area\n of Interest in which ELN and Xstrata Zinc hold equal interest\n\n\n\nVotorantim Metals Canada (VMC) completed an $859,000 exploration program\n in H2-2011 consisting of airborne and surface geophysical surveys,\n geological mapping, compilation of historical data and research into\n advanced exploration technologies suitable for application in the\n Bathurst Mining Camp\n\n\n\nVMC can earn 70% interest in the Bathurst Mining Camp (BMC) project by\n incurring exploration expenditures of $20 million over a period of\n seven years\n\n\n\nThe aim of the JV partners is to use advanced exploration techniques to\n identify hitherto undiscovered mineral deposits\n\n\n\n\n\n\n\n \n\n\nVANCOUVER, April 24, 2012 /CNW/ - El Niño Ventures Inc. (\"ELN\" and the\n \"Company\") (TSX.V: ELN) (OTCQX:ELNOF) (Frankfurt: E7Q) is pleased to\n provide an update of the exploration work performed during the period\n July 1 to December 31, 2011 for its Bathurst Mining Camp (BMC) Base\n Metals Tri-Party agreement between El Nino, Votorantim Canada (VMC) and\n Xstrata Zinc Joint venture project in Bathurst, New Brunswick.\n\n\nVMC's work on the Xstrata-El Nino-Votorantim lands during this period\n included diamond drilling and ground EM surveys. A Time Domain EM\n survey was completed by Eastern Geophysics Ltd. on two third party\n optioned properties; and a combined borehole and surface TDEM survey\n was performed southeast of the BM&S No.6. The following table\n summarizes the work completed during the period July 1 to December 31,\n 2011.\n\n\nTable-1 Exploration Activities Performed from July to December 31, 2011\n\n\n\n\nDiamond Drilling\n\n\n16 Drill holes\n\n\n5,011 metres\n\n\n\n\nGround Geophysics\n\n\n2 Grids\n\n\n46.5 Kilometres\n\n\n\n\nBorehole Geophysics\n\n\n2 Drill holes \n\n\n450 metres\n\n\n\n\nGeological Mapping\n\n\n2 Claims\n\n\n12 Days\n\n\n\n\nAirborne Gravity\nGradiometry\n\n\n2 survey blocks 7,727 km\nCompleted in May 2011\n\n\nResults received from contractor\n\n\n\n\n\n\n\nDiamond Drilling:\n\n\nAs of December 31, 2011 a total of 16 holes, totaling 5,011 metres, have\n been completed on the Bathurst Mining Camp project (Figure 1). This\n Phas...

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