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El Nino Ventures Inc. Announces High Grade Zinc, Gold and Silver intersections over significant intervals from the Phase II 18,000 metre Drill Program at Murray Brook Polymetallic Deposit, in Bathurst Mining Camp, New Brunswick
Significant drill results; including: 7.94% zinc, 2.97% lead, 0.676 gpt gold and 114...
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\n\n\nSignificant drill results; including:\n\n\n7.94% zinc, 2.97% lead, 0.676 gpt gold and 114.6 gpt silver over 47.0\n metres in MB‐2012‐90\n\n\n7.02% zinc, 3.41% lead, 1.999 gpt gold and 107gpt silver over 34.36\n metres in MB‐2012‐90\n\n\n4.43% zinc, 1.61% lead, 1.239 gpt gold and 69.8gpt silver over 60.0\n metres in MB‐2012‐77\n\n\n81 holes have been successfully completed for a total of 15,844 metres\n\n\nVotorantim and El Nino spent $2.1 million to date (in 2010-2011)\n\n\n2012 budget $3 million with 18,000 metre drill program in progress\n\n\nVANCOUVER, June 5, 2012 /CNW/ - El Nino Ventures Inc. (\"ELN\" and the\n \"Company\") (TSXV: ELN) (OTCQX: ELNOF) (Frankfurt: E7Q) is pleased to\n announce additional high-grade results over significant intervals\n obtained from holes drilled during its 2012, 18,000 metre drill program\n at the Murray Brook massive‐sulfide deposit located in the Bathurst\n Mining Camp in New Brunswick, Canada. The Company has received and\n confirmed assay results from drill holes MB-2012-75 to MB-2012-90. A\n complete list of the intercepts from the 2012 drill program is provided\n in Table 1. The widths of the intercepts are approximate to the true\n width of the mineralized intercept.\n\n\n2012 drilling commenced on February 9, 2012 and to date, 81 holes have\n been successfully completed for a total of 15,268 metres. The entire\n drill program is planned to be 18,000 metres, but could be expanded\n depending on results. Figure 1 illustrates the location of 2012 drill\n holes.\n\n\nThere are two drill rigs operating on the property with the objective of\n upgrading the inferred and indicated resources to largely measured\n resources as well as completing preliminary metallurgical testing on\n selected portions of the deposit. \n\n\nA minimum $3 million budget has been proposed for the 2012‐2013\n exploration program.  The budget includes $2.5 million for diamond drilling work on the\n Murray Brook deposit and a $500,000 exploration geophysical program on\n Murray Brook property and the adjacent Camel Back property (Figure 3).\n The objective of this exploration program is to explore for VMS\n deposits at depths of up to 200 metres below surface. The Camel Back\n property is located in the area between the Murray Brook deposit to th...