Business
El Nino Ventures & Xstrata Zinc to Commence 25,000 m Drill Program on Bathurst Mining Camp
El Nino Ventures & Xstrata Zinc to Commence 25,000 m Drill Program on Bathurst Mining Camp.
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\n-------------------------------------------------------------------------\n- $5,000,000 work program for 2007-2008\n- 25,000 m of diamond drilling\n- ELN will be utilizing up to five drill rigs, from June 2007 to\n March 2008\n- $2,500,000 committed by the province of New Brunswick\n-------------------------------------------------------------------------\n\n\nVANCOUVER, June 25 /CNW/ - El Nino Ventures Inc. ("El Nino") (TSX.V: ELN;\nOTCBB: ELNOF; Frankfurt: E7Q) and Xstrata Zinc, is pleased to announce a\n$5,000,000 exploration program will commence on June 25th, 2007 on the\nBathurst Mining Camp, in Bathurst, New Brunswick. A total of 25,000 meters of\ndrilling using up to five drill rigs will be operational from June 2007\nthrough until March 2008. Jean Luc Roy, President of El Nino states, "We are\nlooking forward to the 2007/2008 campaign, and are very optimistic with the\ntargets we identified, using the Titan 24 Deep Earth Imaging System, and other\ntechnologies." El Nino has the opportunity to earn up to 50 % of Xstrata\nZinc's exploration projects in the Bathurst Mining Camp through an\nOption/Joint Venture Agreement, which was signed in May 2006. We have already\ncompleted the first year, of a two year $10,000,000 work program, with\n$5,000,000 coming from the province of New Brunswick through a government\ngrant. "El Nino is very fortunate to have the support of the New Brunswick\nGovernment, and to be working with an industry leader in Xstrata Zinc," says\nJean Luc Roy.\n\n\nAbout El Nino Ventures Inc.\n\n\nEl Nino Ventures is an exploration stage company whose corporate\nobjective is to revisit former mining regions and apply the latest\ntechnologies to advanced stage exploration targets. El Nino is currently in\nthe midst of an aggressive global acquisition program throughout North America\nand Africa.\n\n\nOn Behalf of the Board of Directors\n\n\n"Signed"\n\n\nJean Luc Roy\n\n\nPresident and COO\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\nCUSIP No. 28335E-10-6\n\n\nThis news release contains certain "Forward-Looking Statements" within\nthe meaning of Section 21E of the United States Securities Exchange Act of\n1934, as amended. All statements, other than statements...