El Nino Ventures Inc. (
TSX: V.ELN,
Stock Forum) said Tuesday it has filed on the SEDAR regulatory disclosure system a NI 43-101 preliminary economic assessment for the Murray Brook polymetallic massive sulphide deposit in New Brunswick.
The company said in a
press release that results from the PEA demonstrate the potential technical and economic viability of establishing a new mine and mill complex on the Murray Brook property.
The PEA envisages pre-production capital requirements of $261 million, a mine life of 9.5 years and life of mine production of 239,000 tonnes of copper concentrate, 122,000 tonnes of lead concentrate and 770,000 tonnes of zinc concentrate.
El Nino shares were unchanged at 2.5 cents on Tuesday, leaving the junior with a $2 million market cap, based on 76 million shares outstanding. The 52-week range is 10.5 cents and 2 cents.