Results include 12.4 meters of 31.9% B2O3

Erin Ventures Inc. [TSXV: EV] has received assay results for three additional drill holes (Hole # EV142, EV142A and EV 143) from its Piskanja boron project in Serbia, with the results meeting management’s expectations. Piskanja is a high-grade boron deposit with a NI 43-101 compliant mineral resource of 5.6 million indicated tonnes (averaging 30.8% B2O3), and 6.2 million inferred tonnes (averaging 28.8% B2O3).

Highlights of drill holes EV142, EV142A and EV143:
Holes 142 and 142A are situated in the eastern section of a 50×50 meter in-fill drill grid (located in central part of deposit), and Hole 143 is situated in the northern section of the 50×50 meter drill grid. Hole 142 and 142A are located only 4.5 meters apart as Hole 142 contained two mineralized intervals where the total core recovery fell below the minimum acceptable standard of 90%, necessitating the drilling of Hole 142A in close proximity in order to adequately recover core from those same intervals. Consequently, Hole 142A was drilled to a depth of 146.7m and core was sampled only from intervals 102.0 m – 146.7 m, which correlate with the borate bodies from Hole 142 where the core samples were unacceptable.

Hole EV-142 intersected a total of 37.7 meters of mineralization within the Piskanja deposit, from five known borate layers and two new intervals containing borate mineralization, including an intersection of 5 meters averaging 30.56% B2O3.
Hole EV-142A intersected a total of 14.1 meters of mineralization from one borate layer, including 5.2 meters of 34.61% B2O3.
EVP-143 intersected a total of 43.1 meters of mineralization from 3 known borate layers and two new mineralization zone, including 9.8 meters of 37.0% B2O3 and 7.85 meters of 32.16% B2O3.

The following table shows total mineralized intervals per hole, with the intersected borate layers:

Hole Total thickness of mineralization (m) Mineralized zone / Borate layer
EV-142 37.67 RT-7, RT-3, RT-6, New zone 1, New zone 2 (Combined zone RT-7, RT-3, RT-6 NZ-1 & NZ-2), RT-2 & RT-1
EV-142A 14.10 RT-3
EV-143 43.10 RT-3, RT-6, New zone 1 (combined zone RT-3, RT-6 & NZ-1), New zone 2 & RT-1

 

Assay Results:

Chemical analyses were conducted as follows:

  • Results are stated as a percentage concentration
  • All measurements are metric
  • Chemical analysis was conducted by SGS Turkey, located in Ankara, Turkey with sample preparation being conducted by SGS s facility in Serbia
  • Analytical Methodology:
    1. ICP90A (by Sodium peroxide fusion) – for determination of Boron (present in B%) and package of multi-element analysis (Al, As, B, Be, Ca, Cd, Co, Cr, Cu, Fe, K, La, Li, Mg, Mn, Mo, Ni, P, Pb, Sb, Sc, Sn, Ti, V, W, Y, Zn)
    2. ICP95A  -Whole rock analysis (by Lithium metaborate Fusion / ICP-AES) for determinations: Al2O3, Ba, CaO, Cr2O3, Fe2O3, K2O, MgO, MnO, Na2O, Ni, P2O5, SiO2, Sr, TiO2, Y, Zr
    3. CSA06V  – total Sulphur, Leco method
    4. PHY01K – for determination of L.O.I (Loss on Ignition) at approx. 950°C by Gravimetric Analysis
  • Location: Piskanja Project, Baljevac, Serbia
  • Sample type: HQ size diamond core drilling
  • Azimuth/dip: vertical hole, 90 degree dip
  • Sample interval is 0.5 metres

Erin s Piskanja in-fill drill program
Erin has recently completed an eleven hole diamond drill program of HQ and larger diameter vertical core drilling, consisting of in-fill drilling on a 50 meter by 50 meter grid over the central part of the Piskanja deposit. This program is designed to raise the confidence level of the mineral resource to “measured”. This is a key component in advancing the Piskanja project towards Feasibility.

The ongoing work program at Piskanja and Jarandol is designed to ensure that the project complies with both the Canadian Institute of Mining “Best Practice Guidelines” and Serbian mine licensing and mine development regulations, as well as complying with recommendations made by Erin’s geological consulting firm – SRK Exploration Services Ltd.

On behalf of the Board of Directors,
Blake Fallis, General Manager

About Erin Ventures Inc.
Erin Ventures Inc. is an international mineral exploration and development company with boron assets in Serbia and gold assets in North America. Headquartered in Victoria, B.C., Canada, Erin shares are traded on the TSX Venture Exchange under the symbol “EV”. For detailed information please see the Erin website at www.erinventures.com or the Company filed documents at www.sedar.com.

About Boron (Source: Critical Raw Materials Alliance, Sept. 2015)

  • Boron, the semi-metallic element with atomic number 5, does not occur in nature as free element. It occurs in the form of a natural mineral associated with other elements such as Na, Ca, and Mg.
  • Among over 200 naturally occurring boron minerals, the most commercially important borates are: Tincal, Colemanite and Ulexite.
  • About 80% of borates placed on the EU market are used in intermediate uses such as in the manufacture of glass & frits and/or for the synthesis of new substances, and in biocidal applications.
  • The remaining one-fifth is used in agriculture (13-14%), in articles (4-5%) and in other uses (2-3%) such as coatings, industrial fluids and/or metallurgical applications.
  • In addition, boron is an essential micronutrient for normal, productive plant growth and is one of seven essential micronutrients for plants.
  • Furthermore, for safety reasons, the use of borates is essential in nuclear power plants.
  • Borates prices decreased between 2008-2009 due to the global economic crisis. After 2010 market conditions stabilised again. See borate pricing historical graph (Link opens new window. Click [X] to close.)

For further information, please contact:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com
645 Fort Street, Suite 203
Victoria, BC V8W 1G2
Canada

Erin Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV

The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P. Eng., a director of the company, who is a Qualified Person under National Instrument 43-101.

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.

Forward Looking Statements:

This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the timing of future mineral resource estimates and the PEA, estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and future production and is based on current expectations that involve a number of business risks and uncertainties. The words “believe,” “expect,” “feel,” “plan,” “anticipate,” “project,” “could,” “should” and other similar expressions generally identify forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry, as well as those factors discussed in the section entitled “Risks of the Business” in the Company s most recent regulatory filings which are posted on SEDAR at www.sedar.com. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities law. These and other factors made in public disclosures and filings by the Company should be considered carefully.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. “Inferred Resources” have a great amount of uncertainty as to their existence, and economic and legal feasibility. Investors are cautioned not to assume that all or any part of an inferred mineral resource reported in this news release will ever be upgraded to a higher category or to reserves. U.S. persons are advised that while mineral resources are recognized under Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. U.S. persons are also cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable.