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El Niño Ventures Inc. Announces an Initial NI 43-101 Mineral Resource Estimate for the Murray Brook Zn-Cu-Pb-Ag-Au Deposit, Bathurst Mining Camp, NB
Measured and Indicated Resources 18,684,000 tonnes grading 2.61% zinc, 0.95% lead...
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\n\n\nMeasured and Indicated Resources \n\n\n18,684,000 tonnes grading 2.61% zinc, 0.95% lead, 0.42% copper, 39.3 gpt\n silver and 0.51 gpt gold at a $20 per tonne NSR*cut-off \n\n\nInferred Resources \n\n\n3,021,000 tonnes  grading 1.83% zinc, 0.75 % lead, 0.62% copper , 35.0\n gpt silver and 0.75 gpt gold at a $20 per tonne NSR cut-off \n\n\nThe Murray Brook deposit remains open to the northwest and there is\n potential to increase the size of the resource with continued drilling \n\n\n$3 million budgeted in 2012 for infill drilling and exploration\n\n\n*NSR: Net Smelter Return\n\n\nVANCOUVER, Feb. 28, 2012 /CNW/ - El Niño Ventures Inc. (\"ELN\" and the\n \"Company\") (TSXV: ELN) (OTCQX: ELNOF) (Frankfurt: E7Q) is pleased to\n announce receipt of an initial NI 43-101 Mineral Resource Estimate for\n the Murray Brook polymetallic massive sulfide deposit in the Bathurst\n Mining camp, New Brunswick, Canada. The resource estimate was prepared\n by P&E Mining Consultants Inc. and G.A.Harron and Associates Inc. It is\n based on 60 vertical drill holes, totalling 10,327.5 metres that were\n drilled during the 2011 drilling program. A technical report will be\n posted on SEDAR within 45 days of this news release.\n\n\n2012 Mineral Resource Estimate\n\n\nThe resource estimate, which includes explanatory footnotes, is\n tabulated below in Table 1.  The resource estimate is based on various\n assumptions regarding mining methods, processing and metal recoveries,\n payable metal NSR credits and metal prices.  This estimate makes no\n provision for capital costs to mine the deposit, nor mill the material\n mined, as resources are not reserves and the reader should not presume\n economic viability.\n\n\nTable-1 Murray Brook Mineral Resource Estimate Summary\n\n\nCategory\n\n\nNSR Cut- Off $/t\n\n\nTonnes\n\n\nCu%\n\n\nPb%\n\n\nZn%\n\n\nAu g/t\n\n\nAg g/t\n\n\nMeasured\n\n\n$20\n\n\n1,621,000\n\n\n0.27\n\n\n1.19\n\n\n3.53\n\n\n0.50\n\n\n44.1\n\n\nIndicated\n\n\n$20\n\n\n17,063,000\n\n\n0.43\n\n\n0.93\n\n\n2.52\n\n\n0.51\n\n\n38.8\n\n\nM + I\n\n\n$20\n\n\n18,684,000\n\n\n0.42\n\n\n0.95\n\n\n2.61\n\n\n0.51\n\n\n39.3\n\n\nInferred\n\n\n$20\n\n\n3,021,000\n\n\n0.62\n\n\n0.75\n\n\n1.83\n\n\n0.75\n\n\n35.0\n\n\nMineral resources which are not mineral reserves do not have\n demonstrated economic viability.  The es...