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El Nino (v.ELN): Bathurst zinc deposit in Canada

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(this company may be a beneficiary of the run-up in zinc prices; see Zinc thread )

 

MarketCap: 16.1 mn shs OS x $0.44 = $7.1 million ((possibly a few more shares, for $8mn MktCap ))

 

Daily chart ... update : weekly chart

bigbr2.gif

 

About El Niño Ventures Inc.:

 

El Nino is an exploration stage company whose corporate objective is to revisit former mining regions and apply the latest technologies to advanced stage exploration targets. El Nino Ventures has entered into an Option / Joint Venture Agreement with Xstrata Zinc Canada to explore the world class Bathurst Zinc / Base Metals Mining Camp in New Brunswick, Canada. In addition to the Bathurst Mining Camp, El Nino Ventures continues to focus on advanced stage properties throughout Canada, Alaska and Europe.

 

# # # # #

 

EL NIÑO'S EXTENSIVE DRILL PROGRAM ON WORLD CLASS MINING CAMP

23,000 meters (75,000 feet) Drilling programme planned

------------------------------------------------------------------

 

October 11, 2006, Vancouver, BC -- El Niño Ventures Inc. ("El Niño") (TSX.V: ELN) is pleased to announce that a 23,000 m (75,000 ft) drill program has commenced on the Bathurst Zinc/Base Metals Mining Camp. The first of three drill rigs is already turning in the West Camp area, with two additional drill rigs ready to go in mid-October and early November. This drill program will be continuing through until March 2007.

 

About Titan 24: Deep Earth Imaging

 

The Titan 24 Deep Earth Imaging system is the most advanced electrical earth imaging technology to date. Titan 24 measures the parameters of DC (resistivity), IP (chargeability) and MT (magnetotelluric resistivity. This system can measure down to depths of 750 meters (2,460 feet) with IP, and can explore beyond 1.5 kilometers (down to about one mile) with MT data. These depths and multi-parameter data make the Titan 24 one of the best option available for obtaining pre-drilling information related to geological features at depth.

 

RESULTS COMING OUT, as the drill programme continues:

Results released from the Mount Fronsac North Infill Drilling. (Dec 07, 2006)

 

All assay results were received for three drill holes recently completed into the Mount Fronsac North Deposit and targeted on a coincident Titan 24 anomaly located at a vertical depth of 300 m and up dip from high grade intercepts recorded in a previous drill program in 2000. The most significant assay results for these drill holes are as follows:

 

----------------------------------------------

DDH From (m) To (m) /Width (m) Zn-% Pb-% Ag g/t

---------------------- -------- / --- : ----- ----- -----

ELN-06-097 306.85 309.85 / 3.0 : 5.68 1.93 39.0

ELN-06-101 269.90 272.90 / 3.0 : 5.04 0.28 11.4

ELN-06-100 322.10 327.00 / 4.9 : 1.15 0.22 5.4

 

This $5 million program over the Bathurst Mining Camp will include 23,500 metres of drilling to be completed by March 2007.

 

Jean Luc Roy, President of El Nino states - "These results are very encouraging and El Nino plans to assess this area in detail over the next few months to see if a resource can be outlined. We now have been drilling for over a month in Bathurst and we are very happy with the rate of success in finding sulphide mineralization on our targets. The Titan 24 Geophysics program is proving very effective in outlining and defining our drill targets and we look forward to much more news out of the camp as we continue drilling over the winter months through to the end of March 2007. We now have two drill rigs on the site and a third will be in place by the beginning of December to drill outlined Titan 24 targets, along the Mine Horizon between the Brunswick #12 mine and Brunswick #6.

 

= = = = =

LINKS:

Corporate Website. : http://www.elninoventures.com

ELN Slideshow....... : http://www.elninoventures.com/i/slide/ELNslideshow.pdf

Stockhse Bullboard : http://www.stockhouse.ca/bullboards/forum....&table=list

Advfn ZINC thread : http://www.advfn.com/cmn/fbb/thread.php3?id=1183527

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ELN did a previous larger financing back in May/June : at $0.80- so this is half price !

 

El Nino Ventures Inc. has arranged a non-brokered private placement of up to 8.75 million units at a purchase price of 80 cents per unit, for gross proceeds of up to $7-million. Each unit will consist of one common share in the capital of the company and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder thereof to purchase one additional common share of the company for a period of one year from the closing date at a price of $1.00 per share.

 

May 26 2006 - News Release

 

= =

 

Some of those pp buyers, would have been doing tax-selling in recent weeks.

There are also rumors about an early buyer (at $0.25) unloading now. Once this selling finishes,

the stock could work its way higher.

 

URANIUM :

The company also has jv-ed a uranium project with Boulder Mining (BDR.v): chart

 

And will retain an interest, and also receives BDR shares : (worth $0.19 today)

275k shares in 2006

300k shares in 2007 : from JV on u. exploration

 

= = =

So there is potential good news from:

 

+ drilling results at bathurst,

+ a rising zinc price,

+ results from the uranium jv,

+ new projects

 

that's alot for a company with a market cap of near $10mn, and enough cash

to continue a large drilling programme where there's already infrastructure in place.

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Exploration Update on the Bathurst Zinc Base Metals Mining Camp

 

--------------------------------------------------------------------------------

 

Vancouver, B.C., January 11, 2007- El Niño Ventures Inc. ("El Niño") (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce the diamond drilling program on the Bathurst Zinc Base Metals Mining Camp has resumed after a brief holiday break. Xstrata Zinc Canada is operating four drill rigs on pre-established targets, on behalf of El Niño, along Camel Back, Mount Fronsac North, and on the Willett Option properties.

 

In addition, the Titan 24 ground geophysical survey has outlined numerous targets that justify the need of four rigs operating simultaneously on the Bathurst Mining Camp. The fourth rig is now operating in an area located just between the past producing Brunswick No.6 mine and the Brunswick No. 12 mine, one of the largest zinc producing mines in Canada.

 

This is the first year of a two year 23,500 meter drill program that began in October 2006 and will continue until March 2007. A total of 9000 meters have been drilled to date. Assay results have been released from this first 9,000 meters, and returned zinc values reaching up to 8.63% ZN over 0.70 meters included in an interval of 7.48% Zn over 1.30 meters.

 

El Niño has secured the financing necessary for the second year of the program that will extend from April 1st, 2007 to March 31st, 2008. The second year of the Bathurst Option will include another very intensive diamond drilling campaign with several 10,000's metres of drilling.

 

El Niño is also poised to announce new acquisitions of base metal projects over the next few months that will solidify the Company as a significant mineral explorer in various regions of the world.

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Second Tranche Brokered Private Placement $1,200,000 Completed

 

February 14, 2007, Vancouver, BC -- El Niño Ventures Inc. (the "Company") is pleased to announce that further to its news release of December 14, 2006 and January 8, 2007 the Company has closed the second tranche of its brokered private placement and has issued a total of 3,000,000 non-flow-through units at $0.40 per unit for total proceeds of $1,200,000. Each unit consisted of one common share and one-half of one share purchase warrant with each full warrant entitling the holder to purchase one additional common share of the Company at a purchase price of $0.55 until February 9, 2008.

 

In connection with the closing of the second tranche of this financing, the Company has paid $96,000 in commission and issued 240,000 broker warrants to Canaccord Capital Corporation. Each broker warrant entitles the holder to purchase one common share at a purchase price of $0.55 until February 9, 2008.

 

In compliance with Canadian securities laws, all of the securities issued in connection with this closing are subject to a hold period expiring on June 10, 2007.

 

About El Niño Ventures Inc.

 

El Niño is an exploration stage company in the midst of a 23,500 meter drill program on the Bathurst Zinc/Base Metals Mining Camp. This is the first part of a 50,000 meter drill program that began in Oct 2006 and will continue on until March 2008. This financing will solidify El Niño's commitment of $5 million, as stipulated in the Option/Joint Venture Agreement signed with Xstrata Zinc Canada in May 2006. Additional proceeds of this financing will be applied to the further acquisition of projects outside of Canada, and position El Niño as an aggressive international mineral exploration company.

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(from Stockhouse):

 

SUBJECT: 50% rise on 528,300 shares ! Posted By: ukboard

Post Time: 5/25/2007 21:55

 

50% rise on 528,300 shares !

Someone wants this stock, and wants it badly.

 

5/25 : $0.60 + $0.20 : 528,300 - the new buyer took it up

prior trading:

5/24 : $0.40 - $0.02 : 258,000 - someone exited on fresh buying

5/23 : $0.42 - $0.00 :. 19,500

5/22 : $0.42 + $0.00 :. 68,900

5/18 : $0.42 + $0.00 : 108,000

 

Looks like someone finally got excited about the news.

And a move with big volume like that almost always brings

some follow-through.

 

This news came out on May 2nd:

El Nino & CanAm - First to Revisit Bancroft Uranium District after 30 Years and Intercept up to 0.31 % (6.2 lbs/Ton) Uranium

5/2/2007

 

---------------------------------------------------------------

- First round of drilling on Halo confirms historical results by intercepting average grade of 0.09 % (1.6 lbs) U308 over 8.9 meters (34 feet) - Including 0.31 % U3O8 ( 6.2 lb ton over 1.52 meters) - Drill program continues on second of seven other known historical targets - Bancroft is home to four past producing mines between 1956 and 1982 - Total past production of the camp was over 14 million lbs - Uranium price reaches new high of $113 per lb - El Nino is the project operator

 

 

IS THERE MORE?? let's all hear it!

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The hold period ends very soon. Consider hedging.

(Also, think about buying some freetrading stock, when you take the pp. I did on this one)

 

That was real volume yesterday, and so has a reasonable chance for follow-thru

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Hard to get excited about the Bathurst Camp drilling, following result is there best to date:

 

Gilmour South Trend: Hole ELN-07-129 intersection 3.39% Zn, 2.86% Pb, 0.15% Cu and 8.36 g/t Ag over 2.80 meters

 

The uranium may offer a bit of upside but while the grades are ok, the widths are a bit narrow.

 

Plenty of other Zinc explorers showing better upside out there if you are looking to add a Zinc player to your portfolio.

 

Sudden stock rise may indicate that some exciting news is in the pipeline otherwise I'll be leaving this stock well alone.

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Fair points, Speculator

 

But this company does still have a modest market cap.

 

Fingers crossed for that good news flow

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ACQUISITION...

 

May 29 2007, Vancouver, BC – El Niño Ventures Inc. (“El Niño”) (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to announce that it has acquired a 70 percent interest in a Joint Venture Agreement with GCP Group Ltd, a private Congolese company. El Niño holds it’s initial 70 percent interest in Research Permits # 5214, 5215, 5216 and 5217. These permits were granted by the Cadastre Miner of the DRC and covering 352 square kilometers in one of the most prospective exploration areas in the DRC-Zambian Copperbelt. The permits are located between Lubumbashi and Likasi and offer easy access for exploration which offers excellent infrastructure.

 

Harry Barr, Chairman of El Niño stated: The acquisition of our first base metals project in the DRC allows our company to fulfill our mandate of exploring and developing base metal projects on an international scale. Our objective, simply stated, is to control one of the leading base metal and mineral exploration portfolios in the DRC.

 

 

@: http://www.elninoventures.com/index.php?pg=6&id=84

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Jean Luc Roy, the President of El Nino states: "This significant new acquisition is the first step in our objective of controlling one of the leading base metal portfolio's in the DRC. I am confident from my years of working in the DRC that this new direction for El Nino will further accomplish our growth strategy which is to develop our existing projects and continue an aggressive acquisition program to acquire new projects and place them into production.

 

I was very fortunate to be part of one of the most successful companies in the DRC. The establishment of the new mining code in the DRC, and its first free election in late 2006, will allow El Nino's experienced management team to accomplish its DRC objectives and be one of the most aggressive new exploration development company in this region."

 

 

DRC Joint Venture Terms

 

 

Under the terms of the Agreement El Nino purchased a 70 percent interest in the Joint Venture with an option to acquire up to 90 percent of the project by coming to an agreement with our partners, over time. An initial cash payment of $250,000 USD will be made when all regulatory approvals have been received and upon titles of the properties being transferred to the new SPRL Congolese Company that is now being formed. Additional cash payments totaling $300,000 USD will be made in three annual installments. 300,000 shares of El Nino will initially be issued to GCP Group upon regulatory approval and 400,000 additional shares will be issued over a three year period to the GCP Group. El Nino will fund all exploration work but will retain the services of the CGP Group in an agreement to be negotiated at a later date to support administrative and logistical aspects of the project. This acquisition is subject to regulatory approval.

 

@: http://www.stockhouse.ca/bullboards/viewme...p;navd=fwd&

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great, drc-project will move this stock high

I am invested

 

regards

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Up 50% today. That's 50%

 

So it was the usual pop-n-drop again. I just don't get who would be so daft as to flood the market with buy orders and drive the SP up 50% in one day, only to see it falling back, rather than buying slowly at a much lower price.

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0.47 Change: +0.015

 

Back to ice on low volume- no big deal.

 

Let's be patient- and see if the big buyer from last week comes back in

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0.47 Change: +0.015

 

Back to ice on low volume- no big deal.

 

Let's be patient- and see if the big buyer from last week comes back in

 

Tiger Resources ASX:

tgsax26nov04to03jun07if1.png

 

Kipoi Projekt Drilling Update: Significant Results Of 122 m @ 7.31 % Cu Received From Resource Drilling At Kipoi Central

 

..I am invested there too since 2005

 

Klick!

aertg5eb7.th.jpg

 

(Black Polygone = Kipoi Property TGS Tiger Kipoi PR1063 PE533.kmz )

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http://www.elninoventures.com/index.php?pg=6&id=86

 

Wonderfull new story between world class properties from Tiger Res. ( www.tigerresources.de ) and Anvil

 

El Niño Ventures Begins Work on Copper Mountain Project in Democratic Republic of Congo (DRC)

 

# ELN joins Anvil Mining and Tiger Resources in hunt for new copper deposits.

# ELN has acquired an initial 70 percent interest, on over 350 Square kilometers

# ELN land position is on same trend as Anvil Mining ( 10.9% Cu/ 21 meters) and Tiger Resources (7.31% Cu/122 meters)

# El Niño’s President and management have extensive experience in the DRC.

# El Niño is aggressively acquiring base metal projects throughout the DRC.

 

 

June, 14, 2007, Vancouver, BC – El Niño Ventures Inc. (“El Niño”) (TSX.V: ELN; OTCBB: ELNOF; Frankfurt: E7Q) is pleased to update our shareholders that our exploration program is underway on Research Permits # 5214, 5215, 5216 and 5217 (Copper Mountain Project). These permits were granted by the Cadastre Miner of the DRC and cover over 350 square kilometers. Our Copper Mountain project is located just 3 kilometers west of Anvil Mining’s (TSX-AVM) (www.anvilmining.com) new discovery where they have reported 10.9% Cu over 21 meters, 8.9% Cu over 36 meters, 8.6% Cu over 31 meters and 8.6% Cu over 21 meters. Our project is also only 4 kilometers west of Tiger Resources (ASX-TGS) (www.tigerez.com) Kipoi project where they intersected 122 meters of over 7.31% Cu.

 

Jean Luc Roy, President of El Niño states: Our Copper Mountain Project in the DRC is located in the middle of two new discoveries by Anvil Mining and Tiger Resources. The geological trend of these two new discoveries runs right through our Copper Mountain project and we are fast tracking our efforts to outline a new copper deposit by flying airborne geophysics and our first drilling campaign is slated for the fall 2007. El Niño Ventures joins these companies in the DRC for what is considered by most experts in the industry as the new era for copper in the DRC.

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Jean Luc must be happy.

From the very first, he was eager to get a project going in Africa, where he has relevant experience.

 

This sounds a good one, and shows how junior co's can re-invest themselves

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the market cap is very attractive (still)

not many shares issued.. a dream of long-invest

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I entered a limit order for ELN.v with my discount broker, Internaxx, and was surprised to discover that they had to do some manual set-up work on their system because no Internaxx customer has ever traded ELN. It's probably not hugely meaningful but I like the idea of owning relatively unknown stocks that have the potential to really shift when the story gets out.

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What can we await from ELN?...look at Tiger

 

Tiger Resources is drilling a 40.000 meter Programm until august 2008 for the PFS.

Additional backgound from a german exploration specialist from Anvil.

Kipoi alone (this should be the Tiger Property left from ELN) perhaps will be 1 Mio Tonnes of Copper (heard behind the doors)

(btw: next Tiger exploration-target is Luishia with the same huge potential)

They will start a small production end 2008 for generating cashflow.

Institutional interest is very positive.. they have no problems to find investors.

The actual market cap from tiger resolts from Kipoi only (they have Kipoi, Kolwezi, Sakania and Luishia and a brasilian property)

 

Screenshot from Tiger Chart

aertg5vh3.jpg

 

I am glad , that I ve found a new story with same strong upward potential : ELN

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wow... hot Informations today:

 

http://www.businessedge.ca/article.cfm/newsID/15612.cfm

 

Published: 06/15/2007 - Vol. 7, No. 12

 

EmailPrintComment

 

El Nino Ventures joins Phelps Dodge, BHP Billiton and First Quantum Minerals in Africa, setting up shop alongside the big boys in the unbelievably rich copper belt of the Democratic Republic of Congo (DRC).

 

It's a young Canadian company known as El Nino Ventures Inc., which is quickly maturing into a world-class operation under the steady hand of President/COO Jean Luc Roy, a mining professional with 20 years experience in African exploration and development.

 

As a former DRC managing director for First Quantum, Roy is the proud owner of a star-studded CV. And El Nino Ventures, with a market cap of $10 million, is attracting national attention as a golden investment opportunity at less than 60 cents a share (TSX.V-ELN).

 

"We're an emerging junior that offers a terrific opportunity for investors to get in on the ground floor of an exciting exploration program," explains Roy. "I strongly believe that base metals remain an outstanding long-term investment. Demand for these metals remains extremely strong out of Southeast Asia and that's not about to change," he adds.

 

In fact, Roy remains convinced that metals prices are currently in the third or fourth year of a 10-year megacycle. He thinks they will continue to ride high.

 

But let's back up a bit and continue with the introductions. Although a relatively new player, El Nino Ventures has already established a strong foothold in two of the world's most mineral-rich regions.

 

One is the DRC, where the company has launched an exploration program in a copper belt that yields ore demonstrably more pure than that found in the fields of Chile and Peru.

 

The other exciting project is based right here in Canada.

 

As a joint venture partner with XStrata Zinc Canada, El Nino is poised to bring state-of-the art technology to bear on a re-examination of the fabled Bathurst Zinc/Base Mining Camp in northern New Brunswick.

 

But more on that later.

 

Drawing on his years of African experience, Roy has put together a well-seasoned team of pros who are familiar with the lay of the land in the DRC. In partnership with a local team known as the GCP Group, El Nino is aggressively acquiring base metal projects in the region and serving as project operator for the current exploration program.

 

As a seasoned player, Roy has the connections and background to help him get things done in the area. In addition, a recently implemented DRC mining code has made it easier to do business in the Congo. And in the wake of last year's first-ever free elections, the political climate has improved immeasurably. The current administration is more stable than ever before and extremely friendly to foreign investors.

 

"Even better, our land position is situated in the prime exploration area of the DRC copper belt," Roy points out, adding that El Nino's neighbours include many of the largest players in the world.

 

Back in Canada, meanwhile, the provincial government of New Brunswick is also an enthusiastic supporter of El Nino's two-year, $10-million zinc exploration program. In fact, the province is matching El Nino and its joint-venture partner dollar for dollar on the project.

 

"We have spent quite a bit of time in target identification. Now we're ready to start drilling on these new targets, going deeper than anyone has gone before," Roy explains.

 

For the uninitiated, that drilling depth is well worth noting. El Nino Ventures enjoys access to revolutionary deep-imaging technology, namely the Titan 24 Geophysics Survey, developed by Quantec.

 

"It used to be impossible to access images that were deeper than 250 metres," says Roy.

 

"This new geophysics survey will outline anomalies as deep as one kilometre."

 

By the end of this month, El Nino will start drilling a minimum of 25,000 metres and continue the program through March 2008.

 

Why is Bathurst such a great place to be? Well, it's home to the world's largest underground zinc mine, for starters. Also, the provincial government is eager to support programs that can bring new jobs to the region. That means there's no problem for legitimate companies to acquire the necessary permits and approvals.

 

But, perhaps more importantly, infrastructure and processing plants are already in place. Should El Nino's exploration program prove successful, the company could swing into production within a year.

 

It all adds up to a fascinating opportunity for investors who are keen on starting fresh with an outstanding junior that brings a quality business plan and an intelligent execution strategy to the table.

 

Stop by the website (www.elninoventures.com). And for more details, please contact Fern Turner, Investor Relations, in the Vancouver office: 1.800.667.1870. Or email: info@elninoventures.com.

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absolute fantastic PR for ELN and Tiger resources

 

http://www.resourceinvestor.com/pebble.asp?relid=33076

 

Three for the DRC

 

By Andrew K. Burger

17 Jun 2007 at 11:25 AM GMT-04:00

 

PRETORIA, South Africa (ResourceInvestor.com) -- Anvil Mining Ltd. [TSX:AVM; ASX:AVM], El Niño Ventures Inc. [TSX-V:ELN; OTCBB:ELNOF] and Tiger Resources [ASX:TGS] are ramping up their exploration programs in the Democratic Republic of Congo as political factions and the broader population tries to find a path to peaceful coexistence after the country’s first, and at times violently contested, free presidential election in 48 years.

 

El Niño Ventures on June 14 reported to shareholders that its Copper Mountain exploration program is underway following being granted four research permits by the DRC’s Cadastre Miner.

 

Covering over 350 square miles, the Copper Mountain project is located 3 kilometres west of a new discovery by Anvil Mining and 4 kilometres west of Tiger Resources’ Kipoi project.

 

“Our Copper Mountain Project in the DRC is located in the middle of two new discoveries by Anvil Mining and Tiger Resources,” Jean Luc Roy, El Nino’s president, stated in a media release.

 

“The geological trend of these two new discoveries runs right through our Copper Mountain Project and we are fast tracking our efforts to outline a new copper deposit by flying airborne geophysics and our first drilling campaign is slated for the fall 2007. El Niño Ventures joins these companies in the DRC for what is considered by most experts in the industry as the new era for copper in the DRC.”

 

Anvil Strikes

 

Willing to bank on relative stability and a favorable investment climate in the DRC, top tier mining companies such as BHP Billiton, Gecamines, Phelps Dodge and First Quantum Minerals are now developing copper projects in the DRC’s Copper Belt, an area that since the 1940s and ‘50s has been one of the largest copper and base metals producing regions in the world.

 

That’s a profile that places the acquisition of the three research permits right in line with El Nino’s portfolio strategy.

 

“This addition to our portfolio of exploration projects puts El Niño at the forefront of base metals exploration. Our Bathurst New Brunswick project with our partner, Xstrata Zinc, is starting its second year with plans to diamond drill more than 25,000 metres this year. This project, combined with our entry in the DRC, provides the company with a robust portfolio of exploration projects and we will work these projects effectively for our shareholders over the next few years,” Roy stated.

 

Anvil Mining on June 14 announced that it for US$1 million it had acquired an American style option to purchase two exploration licences adjacent to Gecamines’ Nambulwa exploitation permit area, for which Anvil has an amodiation/lease agreement. The prospect is located north of Anvil’s Kinsevere copper-cobalt project site.

 

The option’s term extends for three month period from June 12 to September 10, 2007. Anvil will acquire full ownership and title to the exploration licences free from all encumbrances and third party interests if it chooses to exercise at any time during the option’s term, according to company information.

 

Anvil in Production

 

Anvil and joint venture partner Katanga Mining last month began producing copper-cobalt ingots at Kinsevere. Commissioning of a Heavy Media Separation plant and Electric Arc Furnace was announced on June 11 with the first copper concentrates were produced on June 9. The plant has a designed capacity of 500 thousand tones of ore per year or 1,370 tonnes per day.

 

Kinsevere’s copper concentrates will contain approximately 25% copper and will be sold locally until the Electric Arc Furnace has been completed, according to Anvil.

 

In addition to Kinsevere, Anvil Mining in the DRC has a majority interest in and operates the Dikulushi open pit copper-silver mine, ball mill and flotation plant with an estimated annual copper production of 20,000 tonnes copper and 1.8 million ounces silver and where underground mining is expected to commence late this year.

 

The company also operates and has an 80% interest in the Mutoshi coarse rejects tailings mine and Heavy Media Separation Plant, which is produced 16,500 tonnes of copper in 2006 from 28-30% oxide concentrate.

 

Tiger Hunts for Copper & Cobalt at Kipoi

 

Tiger Resources on June 8 announced assay results for five diamond drill holes to further test the extent and quality of mineralization at the Kipoi Central deposit. All the cores showed significant copper mineralization and one returned a high grade cobalt intersect of 39.6 metres at 1.54% Co and confirmed continuity of high-grade cobalt mineralization over a minimum 150 metres of strike open in all directions, according to a company media release.

 

The Kipoi Project, in which Tiger has a 51% interest, holds five known copper deposits hosted in a 12-kilometre segment of Upper Roan sediments. Drilling programmes have been conducted on four of the five and previously significant intervals of copper mineralisation from each over an aggregate distance of 1.5 kilometres.

 

Tiger launched a resource drilling programme at Kipoi Central last December of 2006 and another at Kipoi North in April this year.

 

“Diamond drilling results from the Kipoi Central deposit have so far delineated continuous high-grade copper oxide/sulphide mineralisation over a strike length of 550m and a zone of high-grade Cobalt mineralisation over a strike length of at least 150m,” management stated in a media release.

 

Kipoi Geology

 

Company geologists have identified high-grade cobalt mineralisation near the northern end of the Kipoi Central pit in a hanging wall of faulted contact between pyroclastic volcanic rocks and siliciclastic sedimentary rocks of the Mwashia Series.

 

“The contact zone strikes north/northeast-south/southwest and dips steeply to the southeast. It is marked by intense brecciation and has so far been tested over a distance of about 150 metres,” according to Tiger management. “Mapping and core logging suggest that it may be continue for at least 600m from its currently known location in the pit.”

 

According to Tiger, both cobalt and copper mineralisation show strong correlations to a geologic structure that is being used as a direct targeting tool for the company’s current drilling.

 

“While cobalt mineralisation is closely associated with the footwall zone of the Upper R4, copper mineralisation is widely dispersed over the Upper R4 sediments, which increases the prospectivity of this rock sequence in the Project area,” management reported.

 

Prospecting Plans

 

Tiger by the end of July expects to add an additional two drilling rigs at Kipoi, adding to the two already up and running there.

 

Two diamond rigs are completing resource drilling at Kipoi Central and Kipoi North. “Timing of the release of a resource estimate is yet to be determined as new zones of Copper/Cobalt mineralisation are being discovered at both deposits,” management stated.

 

A reverse circulation, RC, rig will be used to test for the strike continuation of mineralisation previously delineated at the Judeira and Kileba deposits, while an Aircore rig will be used to further explore and test anomalies generated as a result of detailed soil sampling previously undertaken to identify new zones of copper/cobalt mineralisation that may exist in between the known deposits.

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