NEW BRUNSWICK – El Nino Ventures of Vancouver is reporting long and strong intersections from drilling at its Murray Brook zinc-copper-lead-silver-gold project in the Bathurst mining camp. Hole 132 yielded 112 metres of 0.10% Cu, 1.92% Pb, 6.15% Zn, 0.64 g/t Au and 70.6 g/t Ag, including a 33-metre section that averaged 0.10% Cu, 3.60% Pb, 10.50% Zn, 1.37 g/t Au and 126.7 g/t Ag.
The company’s 2012 drilling program at Murray Brook consisted of 97 vertical holes for a total of 18,470 metres.
El Nino says the Murray Brook deposit is the fifth largest massive sulphide occurrence in the Bathurst camp. Earlier this year using a $20/t net smelter return cut-off, the company estimated the deposit contains measured and indicated resources of 18.68 million tonnes grading 0.42$ Cu, 0.95% Pb, 2.61% Zn, 0.5 g/t Au and 39.3 g/t Ag. The inferred resource is 3.02 tonnes at 0.62% Cu, 0.75% Pb, 1.83% Zn, 0.75 g/t Au and 35.0 g/t Ag.
The Murray Brook project is operated by Votorantim Metal Canada under a joint venture agreement with Murray Brook Minerals. The Murray Brook project is presently owned at 70% by Votorantim Metals Canada Inc. and 30% by Murray Brook Minerals. Votorantim has a participation agreement with El Nino Ventures by which the Votorantim 70% interest is shared 50-50 with El Nino Ventures. Murray Brook Minerals is a private exploration company which entertains successful business relations with Votorantim Metal Canada . MBM owns presently a 30% undivided interest in the Murray Brook deposit and Camel Back property as well as other mining properties in Canada, including the Legacy copper deposit located in the Bathurst Mining Camp.