Erin Ventures Inc. [TSX-V: EV] has received the assay results for the next eight drill holes from its Piskanja boron project in Serbia (holes #122-126,128,130,131), with the results continuing to meet expectations.
Also, Erin has completed three additional holes (#129, 132 and 133) with samples from these holes en route to SGS Canada Inc., Minerals Services in Lakefield Ontario for chemical analysis.
Four new drill holes (totaling approximately 1,100 metres) remain to be completed in order for Erin to compile a Geological Elaborate and proceed to a mining license application. Two of these four drill holes are currently near completion depth (#127A and 134), with two planned holes (#135 and 136) required in order to complete the current drill program.
Holes EVP2012-122 to 131 are in-fill holes designed to help establish a compliant resource estimate, sufficient to qualify for a Serbian mining license. Hole 122 returned 7.1 metres of high-grade borates from one zone averaging 41% B2O3. Hole 123 returned a total of 12.5 metres of high grade borates including an intersection of 8.7 metres averaging 29.1% B2O3. Hole 126 intersected a total of 9 metres of borates in three zones including an intersection of 5.8 metres, averaging 42.4% B2O3. Hole 130 returned a total of 8.3 metres of borates over 3 zones including 5.9 metres averaging 34.9% B2O3. Hole 131 returned 4.3 metres averaging 42.9% B2O3. A complete table of results is attached.
Current exploration program
Erin’s exploration at Piskanja includes a diamond drill program of HQ and larger diameter vertical core drilling, consisting of in-fill drilling across the known mineralized area at Piskanja, on a 100 metre by 100 metre grid (with a tighter pattern already drilled over a portion of the area). Engineering, hydrogeology, environmental and other studies are also underway, in the anticipation of a mining license application, and the transition into feasibility and mine development phases.
Erin is ensuring that the project is being developed to provide disclosure in compliance with internationally accepted NI 43-101 standards, as well as conforming to the requisite Serbian mining standards. By doing so, Erin’s mine development, planning and implementation will conform to the highest standards expected by the Serbian authorities, the international community, and potential strategic partners.
Chemical analyses are conducted as follows:
- Results are stated as a percentage concentration
- All measurements are metric
- Chemical analysis was conducted by SGS Canada Inc. in Lakefield, Ontario with sample preparation being conducted by SGS’s facility in Serbia
- Analytical Methodology: standard chemical analysis using ICP mass spectrometer and X-ray Diffraction (Aqua Regia and KOH Fusion and/or Titration)
- 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
Hole ID / Interval / Thickness (metres) / B2O3 %
EVP2012-122 / 209.8-216.9 / 7.1m / 41% – Average: 7.1m@41% B2O3, Including email@example.com% B2O3
EVP2012-123 / 325.7-334.4 / 8.7m / 29.1% – Average: firstname.lastname@example.org% B2O3, Including email@example.com% B2O3
EVP2012-123 / 378-380.25 / 2.2m / 43.1% – Average: firstname.lastname@example.org% B2O3
EVP2012-123 / 380.55-383.1 / 1.6m / 38.4% – Average: email@example.com% B2O3
EVP2012-124 / 355.1-357.8 / 2.4m / 38.7% – Average: firstname.lastname@example.org% B2O3, Including email@example.com% B2O3
EVP2012-125 / 190.2-192.85 / 2.6m / 37.8% – Average: firstname.lastname@example.org% B2O3
EVP2012-125 / 281-281.6 / 0.6m / 46.8% – Average: email@example.com% B2O3
EVP2012-126 / 245.25-245.8 / 0.5m / 41.4% – Average: firstname.lastname@example.org% B2O3
EVP2012-126 / 295.35-301.2 / 5.8m / 42.4% – Average:email@example.com%B2O3
EVP2012-126 / 391-394.2 / 2.7m / 39.6% – Average: firstname.lastname@example.org% B2O3
EVP2012-128 / 243.55-245.2 / 1.65m / 48.9% – Average: email@example.com% B2O3
EVP2012-128 / 399.1-400.75 / 1.65m / 50.1% – Average: firstname.lastname@example.org% B2O3
EVP2012-130 / 277.9-279.9 / 2.0m / 37.8% – Average: email@example.com% B2O3
EVP2012-130 / 280.4-280.8 / 0.4m / 35% – Average: 0.4m@35% B2O3
EVP2012-130 / 355.7-361.6 / 5.9m / 34.9% – Average: firstname.lastname@example.org% B2O3, Including: email@example.com% B2O3
EVP2012-131 / 308.1-400.6 / 4.3m / 42.9% – Average: firstname.lastname@example.org% B2O3
On behalf of the Board of Directors,
Blake Fallis, General Manager
The technical information in this release was prepared and approved by Marinko Toljic, PhD. Geol, a consultant to the company, who is a Qualified Person under National Instrument 43-101.
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
Erin’s Public Quotations:
TSX Venture: EV
SEC 12G3-2(B) #82-4432
Berlin Stock Exchange: EKV
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.