Two borate beds discovered in Jarandol

Erin Ventures Inc. (TSXV: EV) is pleased to report that it has received assay results from this year’s exploration program on its 100% owned Jarandol Basin boron property in Serbia, with the results meeting management’s expectations. This phase included the drilling of 8 exploratory vertical diamond drill holes (totaling 2,723.8 meters). The completion of this drill program has fulfilled Erin’s obligations in order to keep its license in good standing for an additional two years.

The Jarandol Basin license area covers 35 km2 directly adjacent to, and between, Erin’s 100% owned Piskanja boron project on the eastern edge of the Jarandol Basin, and the Serbian government owned Pobrdje Boron Mine, some 2.5 km away from Piskanja on the opposite edge of the Jarandol Basin. Jarandol has the potential to host extensions to both the Piskanja and the Pobrdje boron deposits, and/or the potential to host separate, similar boron deposits.

Highlights of the 2015 drill program

  • assays for the 8 holes are consistent with previous geological logging, with all 8 holes returning occurrences of borates
  • holes EVJ-04 and EVJ-05 confirmed one borate bed, including 1.88 meters of 41.31% B2O3
  • hole EVJ-06 confirmed two borate beds (including the same bed seen in holes EVJ-04 and EVJ-5), with results including 1.3 meters of 41.88% B2O3
  • holes EVJ-01, EVJ-02, EVJ-03, EVJ-07 and EVJ-08 returned non-economic borate values (assuming cut-offs of 12% B2O3 and 1 meter minimum intervals)
  • collectively, twenty-seven intervals of borate mineralization were detected in holes EVJ-02, EVJ-04, EVJ-05, EVJ-06, EVJ-07 and EVJ-08 grading from 4.00% to 9.76% B2O3

Assay Highlights:

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: Jarandol Project, Baljevac, Serbia
  • Sample type: HQ size diamond core drilling
  • Azimuth/dip: vertical hole, 90 degree dip
  • Sample interval is 0.5 metres


Click map to see enlarged view


Click map to see enlarged view

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.

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 release contains forward looking statements.   The words “believe,” “expect,” “feel,” “plan,” “anticipate,” “project,” “could,” “should” and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.   These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.