El Niño Ventures 2022 Corporate Update
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El Niño Ventures 2022 Corporate Update
June 29, 2022, Rockport, ON, Canada – El Nino Ventures Inc. (TSXV: ELN; OTCQB: ELNOF;
FSE: E7Q.F). The Company is pleased to update our shareholders and interested investors on the current
Business Plan for El Niño Ventures, its progress to date in 2022, and its Goals and Objectives for the
balance of this year and beyond. El Niño Ventures Inc. is a mineral exploration company, who for the last
13 years working with Votorantim Metals Canada Inc. (“Votorantim”), has focused on Exploration for
Zinc, Lead, Copper and Silver, and gold in New Brunswick, Canada.
Management is currently reviewing its options in regards to its 29.2% minority interest in our Murray
Brook joint venture with Votorantim. One of the Company’s strategic plans is to sell its interest in the
Murray Brook Zn-Pb Project. ELN did receive a 0.67% net smelter return (“NSR”) royalty on the Murray
Brook Project as part of its previous agreement with Puma Exploration (“Puma”). However, Puma was
unable to complete the option it had to purchase Murray Brook.
A 2022 summer exploration program is planned on Murray Brook and will consist of soil sampling over
the presumed Caribou Mine trend through the Murray Brook Property. Additionally, plans are to
complete 3-D interpretation of the 2021 MT survey over this same trend. The budget for this work is
approximately CDN$150,000. In 2011, approximately 10,327.5 metres were drilled on the Murray Brook
Property.
Selected Significant Drill Hole Intercepts at Murray Brook:
o DDH MB-2011-57: 7.23% Zn, 2.77% Pb, 0.61 g/t Au and 103.3 g/t Ag over 87.7 metres
o DDH MB-2011-52: 5.61% Zn, 2.33% Pb, 0.71 g/t Au and 77.7 g/t Ag over 72.2 metres
o DDH MB-2011-63: 4.98% Zn, 1.89% Pb, 0.91 g/t Au and 79.9 g/t Ag over 71.6 metres
o DDH MB-2011-39: 5.45% Zn, 1.81% Pb, 0.51 g/t Au and 65.7 g/t Ag over 103.1 metres
o DDH MB-2011-48: 4.65% Zn, 1.71% Pb, 0.36 g/t Au and 56.5 g/t Ag over 100.5 metres
o DDH MB-2011-49: 3.85% Zn, 1.40% Pb, 0.63 g/t Au and 56.1 g/t Ag over 146.0 metres
o DDH MB-2011-10: 4.65% Zn, 1.90% Pb, 1.00 g/t Au and 69.9 g/t Ag over 36.5 metres
o DDH MB-2011-14: 3.87% Zn, 0.78% Pb, 0.66 g/t Au and 35.5 g/t Ag over 64.5 metres
o DDH MB-2011-09: 3.84% Zn, 1.43% Pb, 0.36 g/t Au and 59.4 g/t Ag over 75.1 metres
o DDH MB-2010-16: 9.56% Zn; 3.39% Pb; 0.21 g/t Au and 122.0 g/t Ag over 27.0 metres
o DDH MB-2010-15: 9.16% Zn; 2.00% Pb; 1.60 g/t Au and 77.0 g/t Ag over 3.9 metres
In 2012, an NI43-101 Mineral Resource Estimate was completed on the Project by P&E Mining
Consultants Inc. and G.A.Harron and Associates Inc. ( see El Niño press release dated Feb 28, 2012). In
2013, a Preliminary Economic Assessment was completed on Murray Brook, based on an in-pit Mineral
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Resource Estimate of Murray Brook (ELN press release dated June 5, 2013). The price of zinc utilized in
the 2016 amended and updated Mineral Resource Estimate was US$0.90/lb, compared to the current zinc
price of about US$1.65/lb.
The road accessible Murray Brook Deposit represents one of the largest undeveloped VMS
polymetallic projects in the world-renown Bathurst Mining Camp, New Brunswick.
The Board of Directors of ELN has recently agreed to Management's request to look at diversifying the
Company into other areas within the resource sector. The Company continues to investigate new
acquisitions for ELN and plans to use the Prospector Generator model which reduces risk, share dilution
and increases discovery potential. In the event of a sale of ELN's Murray Brook interest, it would amount
to a Non-Dilutive Financing for the Company and Management plans to use these funds for working
capital and to acquire additional high quality mineral projects.
Qualified Persons
The contents contained herein that relate to the scientific and exploration results for the Murray Brook
Project is based on information compiled, reviewed or prepared by Dr. William Stone, P.Geo., a
consulting geoscientist for El Nino Ventures. Dr. Stone is the Qualified Person as defined by National
Instrument 43-101 and has reviewed and approved the technical content of this news release.
On behalf of the Board of Directors
“Harry Barr”
Harry G. Barr
Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: 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”, “pro spects”, “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 t he 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.