Xstrata Canada Corporation engages in the exploration, development, mining, processing, and marketing of metals and minerals worldwide. The company’s primary products include copper, nickel, zinc, and aluminum, as well as its by-products and co-products consist of silver, gold, platinum group metals, lead, selenium, tellurium, cadmium, indium, cobalt, nickel sulphate, and sulphuric acid. Xstrata Canada Corporation also engages in the recycling of secondary copper, nickel, and precious metals. Its properties include the Brunswick mine located in New Brunswick; the Raglan property located in the Province of Quebec; Sudbury Mines/Mill that operates three underground nickel/copper mines in the S...
100 King Street West
Toronto, ON M5X 1E3
Founded in 1922
El Nino Ventures Inc. Provides an Update on its Bathurst Joint Venture Project
Sep 23 14
El Nino Ventures Inc. provided an update on its Bathurst Joint Venture Project. The Joint Venture is a 50%:50% joint venture between ELN and Glencore Canada Corporation (GCC) in the prolific Bathurst Mining Camp of New Brunswick, Canada. The Joint Venture seeks a 3(rd) party partner to explore and develop its properties and, in addition, properties in the Bathurst Camp owned 100% by GCC. In return for funding 100% of a major, multi-year exploration budget, the partner would earn-in to a 50% equity position in the Joint Venture and the GCC 100% owned land. Expressions of Interest will be evaluated from credible and well-funded companies with experienced management and exploration teams, and preferably with experience in the Bathurst camp or other VMS camps elsewhere. A Partnership would provide low-risk access to exploration upside in a highly prospective base metal VMS mining camp, in the safe and secure mining jurisdiction of New Brunswick. The Joint Venture consists of 21 claims (1441 Claim Units) covering 29,830 hectares and owned 50%:50% by ELN and GCC in the prolific Bathurst Mining Camp. The GCC 100% owned land consists of 18 claims (631 claim units) covering approximately 13,560 hectares. The claims collectively overlie seven zinc-lead sulphide mineralized occurrences, all of which remain open to exploration. In addition, the joint venture recently received the results of a airborne gravity survey by Fugro GeoServices Ltd. and a proprietary computer-aided (CARDS) targeting program conducted by DIAGNOS Inc.