Erin Ventures Inc. [TSXV: EV] has received assay results for four additional drill holes (Hole # EV138 to 141) 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 EV-138 to EV141:
Holes 139 and 141 are situated in central part of a 50×50 meter in-fill drill grid (located in central part of deposit) and are being utilized for mineralogy, petrology and sedimentology research, along with adding to the mineral resource data base. Hole 138 is situated in NE part of the 50×50 meter drill grid, and hole# 140 in SE quadrant.

Hole EV-138 intersected a total of 19.45 meters of mineralization within the Piskanja deposit, from 4 known mineralized layers (RT-7, RT-6, RT-2 and RT-1) including 2.8 meters averaging 45.7% B2O3.
Hole EV-139 intersected 5 known borate layers totaling 41.82 meters, including 13.37 meters of 40.19% B2O3 and 6.8 meters averaging 35.72% B2O3.
Hole EV-140 intersected a total of 6 borate layers, including one previously unknown mineralized zone and the recently recognized mineralized layer located between RT-3 and RT-6 (as reported in Hole EV-137). This hole returned a total of 31.25 meters of mineralization, including 10.66 meters of 37.73% B2O3.
Hole EV-141 returned 32.53 meters of mineralization within 5 zones, including 2 newly discovered zones. Results from this hole include 17.9 meters of 35.18% B2O3 and 7.88 meters averaging 35.46% 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-138 19.45 RT-7, RT-6, RT-2 & RT-1
EV-139 41.82 RT-7, RT-3, RT-6, RT-2 & RT-1
EV-140 31.25 RT-7, RT-3, RT-6 (combined zone RT-3 & RT-6), New zone, RT-2 & RT-1
EV-141 32.53 RT-7, RT-3, New zones & RT-1

Observed trends:

Mineralized zone RT-7 is relatively thick in 2 holes:
– 4.1 m @ 22.16 %B2O3 (in EV-138)
– 6.5 m @ 24.83% B2O3 (in EV-140)

Mineralized zone RT-3 is thicker in almost all new holes than what was observed during previous research (2011-13):
– 22.02 m @ 26.44 % B2O3 including a 13.37 m @ 40.19% B2O3 (in EV-139)
– 17.90 m @ 35.18 % B2O3 including a 13.65 m @ 43.10 % B2O3 (in EV-141)

Combined zone which include RT-3, RT-6 and the mineralization between (first observed in EV 137) continued in the next closest hole:
– 17.20 m @ 26.43 % B2O3 (in EV-140)

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.