2013-01-21 15:04:03 -
Victoria, British Columbia CANADA, January 21, 2013 /FSC/ - Erin Ventures Inc. (EV - TSX Venture), has received the assay results for the next two drill holes from its Piskanja boron project in Serbia (holes #129 and 132), with the results continuing to meet expectations.
Additionally, Erin is awaiting the results from SGS Canada Inc., Minerals Services in Lakefield Ontario of the chemical analysis for samples from the final five drill holes in Erin's exploration drill program.
Holes EVP2012-129 and 132 are in-fill holes designed to help establish a compliant resource estimate, sufficient to qualify for a Serbian mining license. Hole 129 returned 9.8 metres of high-grade borates from four zones, including 2.7 metres of 41.6% B2O3. Hole
132 returned a total of 1.7 metres of high grade borates. A complete table of results is attached.
Erin's exploration program
Erin's exploration at Piskanja includes a recently completed 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 INTERVAL THICKNESS B2O3
ID (METRES) %
EVP2012-129 119.8-122.4 2.6m 36.93% Average: email@example.com%
EVP2012-129 137.6-138.7 1.1m 44.12% Average: firstname.lastname@example.org%
EVP2012-129 139.25-140.4 1.2m 43.51% Average: email@example.com%
EVP2012-129 166.35-167.3 0.95m 34.21% Average: firstname.lastname@example.org%B2O3
EVP2012-129 235.2-236.5 1.3m 47.89% Average: email@example.com%
EVP2012-129 238.1-240.8 2.7m 41.64% Average: firstname.lastname@example.org%
EVP2012-132 427.45-428.1 0.65m 39.49% Average: email@example.com%
EVP2012-132 448.9-449.7 0.8m 50.77% Average: firstname.lastname@example.org%
EVP2012-132 450.6-450.9 0.3m 36.87% Average: email@example.com%
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's shares are traded on the TSX Venture Exchange under the symbol EV. For detailed information please see Erin's website at www.erinventures.com or the Company's filed documents at www.sedar.com.
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's Public Quotations
Erin Ventures Inc. Canada TSX Venture : EV
Blake Fallis, General Manager USA SEC 12G3-2(B) #82-4432
Phone: 1-250- 384-1999 or OTCBB: ERVFF
1-888-289-3746 Europe Berlin: 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.
To view this press release as webpage please click on the following link:
Source: Erin Ventures Inc. (EV - TSX-V) www.erinventures.com
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