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El Nino Ventures vests with 50% interest in Bathurst claims
VANCOUVER, June 4 /CNW/ - El Nino Ventures Inc. ("El Nino" and "the Company") (TSX.V: ELN; Frankf...
About this update from Metalquest Mining Inc
[{"type":"text","content":"\n\n\n\nVANCOUVER, June 4 /CNW/ - El Nino Ventures Inc. ("El Nino" and "the\nCompany") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that it has\nvested with 50% interest in 1,902 mineral claims located within the Bathurst\nMining Camp. The remaining 50% interest is held by Xstrata Canada Corporation\n- Xstrata Zinc Canada Division "Xstrata". The claims include historical base\nmetal resources (not compliant with the CIM NI 43-101).\n\n\nThe 1,902 mineral claims in which El Nino owns a 50% interest host a\ntotal of seven significant Pb/Zn occurrences distributed over the eastern and\nwestern part of the Bathurst Mining Camp. These occurrences were discovered\neither by conventional prospecting in the early days or more recently by\ngeology and various types of geophysical surveys. These occurrences have been\nsubject, in the past, to important exploration work by Xstrata Zinc Canada\nlooking to identify world class Pb/Zn deposits.\n\n\nTable 1.\nSignificant Pb/Zn Historical Occurrences owned by the Joint Venture\n(non-compliant with CIM NI 43-101)\n\n-------------------------------------------------------------------------\n Thick-\n Discovery Discovery Length Depth (m) ness\nDeposit Date Method (m) max down dip (m) max\n-------------------------------------------------------------------------\nFlat Landing\nBrook 1975 Geology, geophysics 480 180 6.00\n-------------------------------------------------------------------------\nGilmour South 1995 Geology, geophysics 800 600 4.00\n-------------------------------------------------------------------------\nDevil's Elbow 1957 Geophysics (AEM) 300 137 25.00\n-------------------------------------------------------------------------\nLouvicourt 1964 Prospecting 450 150 8.00\n-------------------------------------------------------------------------\nFab Main 1953 Geology, geophysics 1,675 400 9.00\n-------------------------------------------------------------------------\nMount Fronsac\nNorth 1999 Geology/Geophysics 1,000 700 20.00\n-------------------------------------------------------------------------\nOrvan Brook 1938 Prospecting 1,890 600 6.10\n-------------------------------------------------------------------------\n\n\n-------------------------------------------------------------------------\n Total\n Resource\n Number of Metric\nDeposit Lenses...