Business
El Nino Ventures Acquires Significant Land Position in Ireland
El Nino Ventures Acquires Significant Land Position in Ireland.
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\nTSX.V: ELN\n\n\nOTCBB: ELNOF\n\n\nFrankfurt: E7Q\n\n\nVANCOUVER, Oct. 17 /CNW/ - El Nino Ventures Inc. ("El Nino") (TSX.V: ELN;\nOTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce that it has recently been\ngranted eleven prospecting licenses in the Republic of Ireland. The licences\ncover approximately 428 square kilometers and are located within the Central\nCarboniferous Basin.\n\n\nLower Carboniferous limestones host significant zinc, lead mineralization\nin Ireland, which supplies a significant proportion of Western Europe's zinc\nand lead requirements. There are currently three zinc and lead mines in\noperation in Ireland owned by Anglo American Lisheen Mining Ltd, Boliden Tara\nMines Ltd., and Lundin Mining Exploration Ltd. Other major mining companies\nexploring for base metals in Ireland include Xstrata Zinc and Teck Cominco\nIreland Ltd.\n\n\nEl Nino has engaged Dublin based consultants CSA Consultants to carry out\nan evaluation of all previous exploration on the licences and make\nrecommendations for additional work. Recommendations are expected to be\ncompleted by the end of November and the company will report details of its\nproposed 2008 program shortly thereafter.\n\n\nJean Luc Roy, President & CEO commented that "the newly acquired land\nposition in Ireland provides us with excellent prospective ground for the\ndiscovery of high grade zinc mineralization for which Ireland is renowned".\n\n\nAbout El Nino Ventures Inc.\n\n\nEl Nino Ventures is a junior exploration company, exploring for base\nmetals in Canada, the Democratic Republic of Congo and Ireland. El Nino has\nacquired a 70% interest in over 350 square kilometers in the world renowned\ncopper belt in the Democratic Republic of Congo. In addition to our copper\nproject in the Congo, El Nino is currently in the middle of a 25,000 meter\ndrill program on the Bathurst Mining Camp via an option/joint venture\nagreement with Xstrata Zinc Canada.\n\n\nOn Behalf of the Board of Directors\n\n\n"signed"\n\n\nJean Luc Roy, President and CEO\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release\n\n\nCUSIPNo. 28335E-10-6\n\n\nThis news release contains certain "Forward-Looking Statements" within\nthe meaning of Section 21E of the United ...