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El Niño expects Kasala project drilling results in December and says its land position in DRC is safe

Last updated: 04:00 13 Nov 2008 GMT, First published: 05:00 13 Nov 2008 GMT

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El Niño Ventures Inc expects the remaining results from reverse circulation drilling at its Kasala project to be available in early December and moved to dispel fears over its land position in the Democratic Republic of Congo, saying it is not under review.


Results from a geophysics survey to determine the extension of the Kasala project discovery are anticipated to be available at the end of December.


President and CEO Jean Luc Roy, who just returned from a work trip to the DRC, commented on the mining review in the country: “The review of mining contracts in the DRC is following its course and has created some uncertainties in the marketplace with regards to its possible outcome for some mining projects in the DRC.

“I want to again point out that El Nino's land position in the DRC is not under review and has never been under review. Our land position was obtained under the New Mining Code of the DRC and we have no contracts whatsoever with any state owned company. Our affiliate companies have clear title to our research permits,” he added.

The next month and a half will bring more results of our Kasala project and all the data will be compiled to plan the next drilling campaign in 2009. The 2008 campaign has been a true success and El Nino looks to build on that next year on the Kasala project and plans to start work on two of its other “very promising“ research permits.

El Nino Ventures is a junior exploration company, focused on exploring for copper and cobalt in the DRC. El Nino has an option to acquire a 70 percent interest in over 350 square kilometres in DRC’s copper belt.  It also has has zinc properties in Ireland and holds a 50 percent interest on an extensive land package in the Bathurst Mining Camp with Xstrata Zinc Canada.

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