El Nino Ventures Inc. makes new Acquisition in the DRC

    TSX.V: ELN
    Frankfurt: E7Q

    VANCOUVER, July 21 /CNW/ - El Nino Ventures Inc. ("ELN" and "the
Company") (TSX.V: ELN; Frankfurt: E7Q) is pleased to announce that it has
signed a Letter of Intent with Phoenix Mining Corporation (PMC), a Congolese
mining company, to earn into a 70 percent interest on Research Permit (PR)
9316 in the DRC Copperbelt.
    PMC was granted exclusive rights to explore this area under a contract,
signed with the Centre de Recherches Geologiques et Minieres (CRGM), a
Congolese government agency on July 4, 2008. Under the terms of the Letter of
Intent ELN will be the Operator of the exploration programs to be developed
for this Permit.
    The Permit which occupies just over 25 square kilometers, is underlain by
highly prospective geology which is what attracted ELN into this agreement.

    To view Research Permit 9316, please visit

    This permit is located just north of Lubumbashi and its southern boundary
is located just south of the Likasi Road/Airport road junction. The terrain is
generally flat, with a range of low hills in the NW corner (these hills are
oriented N-S, divergent from the regional geological trend of NW-SE) and a
lone, low hill in the central portion of the permit.
    This permit is underlain (approximately 50%) by uppermost Roan (Mwashya
Formation) sediments (blue color on the attached map) - these same rocks (on
the same structure) host the Luiswishi Mine (less than 5 km to the NW of
PR 9316), the Ruashi Mine owned by Metorex out of South Africa (approx 8 km
SE) and the Etoile Mine (approx 14 km SE). All these world class deposits are
currently in operation. The other 50% of the underlain geology is Kundelungu
sediments (green on the attached map) and some Holocene cover. The contact
between the Mwashya and the Kundulungu is mineralised at the three mines
referred to above. At least two faults (interpreted from regional maps and
filtered satellite imagery) cut the Mwashya (see maps) and these are
favourable structures prospective for mineralisation.
    The permit has excellent infrastructure including hard-surfaced roads,
rail and electrical high tension power lines. Access is good and exploration
can easily be undertaken year-round. Current artisanal workings on the Permit
will be investigated by ELN and all historical exploration data will be
collected to better define our exploration efforts of the next few months.

    To view a geological map of the area with location of known existing
mines, please visit 

    Under the terms of this agreement ELN can earn into a 70 percent interest
by making a payment of $200,000 USD which payment will become payable upon the
regulatory approval. ELN will be the program operator and will be responsible
for all exploration and developments costs on this property. ELN will issue
PMC or its principals 100,000 ELN shares on each anniversary date of this
agreement for three years to a maximum total of 300,000 shares.

    To view surrounding permits of 9316 and underlying Geology, please visit

    Jean Luc Roy President & CEO of ELN states: This acquisition is
consistent with the company's philosophy of acquiring highly prospective
exploration ground. The location of this Permit is what attracted us to this
Permit as it lies on the same mineralized trend of world class operating mines
in the area. With year-round exploration on this highly accessible property,
our shareholders will benefit from a constant news flow. We will have
immediate access to this ground and our intentions is to fast-track
    Our drilling program in the DRC is on-going and our new sample prep
laboratory is now on site. We look forward to sharing the results from drill
programs as they come in.

    About El Nino Ventures

    El Nino Ventures is a junior exploration company, whose corporate
objective is to revisit former mining regions and apply the latest
technologies to advanced stage exploration targets. El Nino has an option to
acquire a 70% interest in over 350 square kilometers in the world renowned
copper belt in the Democratic Republic of Congo ("DRC"). In addition to our
copper and cobalt projects in the DRC, the Company has its project with
Xstrata on the Bathurst Mining Camp and has started drilling on its Ireland

    On Behalf of the Board of Directors


    Jean Luc Roy, President and CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release
    CUSIP No. 28335E-10-6

    Note: this release contains forward-looking statements that involve risks
and uncertainties. These statements may differ materially from actual future
events or results and are based on current expectations or beliefs. For this
purpose, statements of historical fact may be deemed to be forward-looking
statements. In addition, forward-looking statements include statements in
which the Company uses words such as "continue", "efforts", "expect",
"believe", "anticipate", "confident", "intend", "strategy", "plan", "will",
"estimate", "project", "goal", "target", "prospects", "optimistic" or similar
expressions. These statements by their nature involve risks and uncertainties,
and actual results may differ materially depending on a variety of important
factors, including, among others, the Company's ability and continuation of
efforts to timely and completely make available adequate current public
information, additional or different regulatory and legal requirements and
restrictions that may be imposed, and other factors as may be discussed in the
documents filed by the Company on SEDAR (www.sedar.com), including the most
recent reports that identify important risk factors that could cause actual
results to differ from those contained in the forward-looking statements. The
Company does not undertake any obligation to review or confirm analysts'
expectations or estimates or to release publicly any revisions to any
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. Investors should
not place undue reliance on forward-looking statements.

For further information:

For further information: Tel: (604) 683-4886, Toll Free: 1-877-895-6466,
Fax: (604) 683-4887, Email: info@elninoventures.com, Or visit:

Organization Profile

El Nino Ventures Inc.

More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890