Business
El Nino Ventures starts Operations in the (DRC) Congo and the Government of New Brunswick approves 2.5 million dollar Grant for Bathurst New Brunswick
El Nino Ventures starts Operations in the (DRC) Congo and the Government of New Brunswick approves 2.5 million dollar Grant for Bathurst New Brunswick.
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\nELN: TSX.V ELNOF: OTCBB E7Q: Germany\n\n\nVANCOUVER, June 11 /CNW/ - El Nino Ventures Inc. ("El Nino") (TSX.V: ELN;\nOTCBB: ELNOF; Frankfurt: E7Q) and GCP Group are pleased to announce the\nformation of a new company called Infinity Resources SPRL. This new Congolese\ncompany is held by El Nino, with a 70 percent interest and GCP Group with a 30\npercent interest. Our initial land position is between Lubumbashi and Likasi\nright in the heart of the (DRC) Copperbelt. Our stated objective is to\nidentify a Copper deposit on this property and move into production.\n\n\nMoving Forward in the DRC\n\n\nOur work program in the Congo will commence in the next couple weeks. We\nwill be flying airborne geophysics MAG and EM over our property to specify\ntargets for drilling. El Nino's extensive years of experience in the (DRC)\nwill prove helpful, as we move into the exploration phase of our work program\nwe anticipate to begin drilling before the next rainy season.\n\n\nBathurst Mining Camp Update\n\n\nThe Government of New Brunswick has approved a 2.5 million dollar grant\nthis week, for this year's exploration program. This brings our previous\nannounced exploration program from 4.5 million to 5 million dollars. We will\nstart drilling a minimum of 25,000 meters starting in the last week of June.\nEl Nino and Xstrata Zinc are thankful to the Provincial Government of New\nBrunswick, for their support in our efforts on the Bathurst Mining Camp.\n\n\nAbout El Nino Ventures Inc.\n\n\nEl Nino's growth strategy is to develop our existing projects and\ncontinue an aggressive acquisition program to acquire new projects and place\nthem into production. Our first new base metal acquisition in the DRC\ncompliments our aggressive zinc exploration plan for the Bathurst Mining Camp\nwith our partner Xstrata Zinc. In June 2007, our company begins a fully funded\n$4.5 million dollar exploration program which includes a 25,000 meter drill\nprogram which will use a minimum of three drill rigs drilling 24 hours a day\nfor up to nine months. El Nino is also the owner and operator of the Bancroft\nUranium projects. El Nino is currently in its most aggressive acquisition\nphase of the company's history.\n\n\nOn Behalf of the Board of Directors,\n\n\n(signed)\n\n\nJean Luc Roy, President\n\n\nThe TSX Venture Exchange has not reviewed and do...