NEW BRUNSWICK – Vancouver’s El Nino Ventures has reported the initial resource estimate for its Murray Brook polymetallic massive sulphide deposit in the Bathurst Mining Camp. The measured and indicated resources are 18.7 million tonnes grading 2.61% Zn, 0.95% Pb, 0.53% Cu, 39.3 g/t Ag and0.51 g/t Au.
Using the same $20/tonne net smelter return cut-off, the inferred resource is 3.0 million tonnes grading 1.83% Zn, 0.75% Pb, 0.62% Cu, 35.0 g/t Ag and 0.75 g/t Au. The Murray Brook deposit remains open to the northwest, said El Nino.
The 43-101 report was based on more than 10,325 metres of drilling completed during the 2011 program. The company and its partners have budgeted $3 million for the 2012-13 exploration program.
The Murray Brook project is owned by El Nino (50%) and Xstrata (50%), and Votorantim Metals has an option interest in the property. More information is posted at ElNinoVentures.com