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El Niño Ventures Inc. Announces SEDAR Filing of 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\nThe Company currently has three drill rigs operating on the property\n with the objective of upgrading the inferred and indicated resources to\n measured resources \n\n\n30 holes have been successfully completed to date for a total of 5,000\n metres\n\n\n*NSR: Net Smelter Return \n\n\nVANCOUVER, April 17, 2012 /CNW/ - El Niño Ventures Inc. (\"ELN\" and the\n \"Company\") (TSXV: ELN) (OTCQX: ELNOF) (Frankfurt: E7Q) is pleased to\n announce the filing on Sedar of an NI43‐101 Technical Report (the\n Report), including a new Mineral Resource Estimate for the Murray Brook\n polymetallic massive sulfide deposit in the Bathurst Mining camp, New\n Brunswick, Canada.\n\n\n2012 Mineral Resource Estimate\n\n\nThe Mineral Resource Estimate was initially reported on February 28,\n 2012. The Report was prepared by P&E Mining Consultants Inc. and\n G.A.Harron and Associates Inc. and incorporated 60 vertical drill\n holes, totalling 10,327.5 metres that were drilled during the 2011\n drilling program.\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\nAs a further approximation the total metal content can be recalculated\n as a zinc equivalent (ZnEq), which would equate to 8.17% ZnEq for the\n Measured plus Indicated resources and 8.47% ZnEq for the Inferred\n resources, based on calculating the total NSR value of the constituent\n metals in the table above plus the smelting and shipping charges all\n divided by $14.05, which...