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El Nino Ventures Inc. (ELN) has in the past years been an international base metals exploration company with its focus being on the Murray Brook Project in the Bathurst region of New Brunswick, Canada.
ELN signed an option to purchase agreement regarding the sale of its interest on this project (News Release: Oct 13th, 2016) with Puma Explorations for $3.1 million dollars, Recent revisions (News Release: Nov 6th, 2017) with regard to the Puma Exploration deal has the second payment from Puma of $1,500,000 due for May 10th, 2018. The 3rd and final payment of an additional 1 million (total 3.1 million) is due by April 30 2019. In addition, a royalty for the life of the project will be paid to ELN as per spelled out in the agreement (News Release: Oct 13th, 2016). In the event Puma does not complete it option to acquire ELN s interest ELN will receive its entire interest in the Murray Brook project back.
The Company also has an Aggressive Mineral Acquisition Program Underway with a focus on gold and base metal projects that are a mix of grass roots, brownfields and advanced stage projects. The Company plans to use the Prospector Generator Model which reduces risk, share dilution and increases discovery potential.
Qualified Person
The contents contained herein that relate to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Carey Galeschuk, P.Geo, a consulting geoscientist for El Nino Ventures. Mr. Galeschuk is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this news release.
For more information on the Company please go to www.elninoventures.com
On Behalf of the Board of Directors
'Harry Barr'
Harry Barr
Chairman & CEO
El Nino Ventures Inc.
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', '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.
Figure 1: El Nino Venture Gold Projects -- Great Northern Peninsula, Newfoundland and Labrador Figure 2: Claim Distribution map in the St. Anthony's area of Newfoundland and Labrador |
El Nino Ventures Inc. published this content on 09 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 January 2018 14:04:05 UTC.
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