17.75 metres of high-grade borates intersected

Result Highlights

Holes EVP2011-114 to 116 are in-fill holes designed to help establish a compliant resource estimate, sufficient to qualify for a Serbian mining license. Consistent with past drill results, hole 116 (which lies in the central area of the deposit) returned a total of 17.75 metres of high-grade borates in several distinct layers, while hole 114 (near the north-west extremity of the deposit) returned a combined total of 2.4 metres of high-grade borates, and hole 115 (near the eastern extremity of the deposit) intersected a total of 1.3 metres of high-grade borates.

Hole #116 returned a total of 17.75 metres of high-grade borates in 6 zones, including a 5.3 metre zone averaging 46.8 percent B2O3, over the mineralized region.

Hole #114 intersected two zones, including 1.8 metres of 31% B2O3.

Hole 115 intersected one zone with a total of 1.3 metres of high-grade borates including 0.8 metres of 27 percent B2O3.

Current exploration program update

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, hydrogeology, 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.

Holes #117 through 122 are complete, with samples enroute to SGS Canada Inc., Minerals Services in Lakefield Ontario for chemical analysis. Drilling is underway on holes #123 and 124.

Twenty-three drill holes (approximately 7,900 metres) have been completed in Erin’s current program. The drilling being conducted by Erin is intended to permit preparation of a 43-101 compliant technical report.

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 both 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 the 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

Click image to enlarge

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.