Mining License Application Process Advances
Erin Ventures Inc. [TSXV: EV] reports that the current exploration phase on its Piskanja borate project is nearing completion. Concurrently, the data from this ongoing program is being collected, analyzed and compiled into a Geological Elaborate, for use in a mining license application, as required by Serbian mining laws (as previously reported in Erin’s news release dated February 21, 2012). It is anticipated that both this exploration phase and a mining license application will be completed during the third quarter of 2012.
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 license area). Engineering, geohydrology, environmental and other studies are also underway in conjunction with this drill program, 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 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 both the international community, and potential strategic partners.
On behalf of the Board of Directors,
Blake Fallis, General Manager
The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P. Eng., 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.