2013-12-18 15:05:55 -
Victoria, British Columbia CANADA, December 18, 2013 /FSC/ - Erin Ventures Inc. (EV - TSX Venture), ("Erin"), announces the completion of Phase 1 exploration program on its Jarandol Basin boron property in Serbia. With the completion of this program, Erin has met the requirements to keep the Jarandol exploration license in good standing, as well as gathered important information that will help facilitate the Phase 2 exploration.
This season's exploration at Jarandol included:
- A study of historical geophysical works
- Photogeology and remote sensing study
- Surface prospecting over the license area
- Reinterpretation of the geological map in 25,000 scale
- Mineralogy-petrology study of samples from the property
The results from this exploration phase will
facilitate Phase 2 exploration, scheduled to begin next spring. Phase 2 is anticipated to include: a geological map in scale 10,000 with denser routes (streams-reefs); additional geochemical analyses of surface samples; geophysical exploration; the identification of drill targets; and drilling on one or more prospective locations within the Basin.
About The Jarandol Basin License Area
As reported by Erin January 8, 2013, Erin has an exclusive boron exploration license within the Jarandol Basin in Serbia. The Jarandol Basin hosts two known borate deposits, the Piskanja boron property (under license by Erin) and the Pobrdje boron mine (operated by the Serbian government-owned Ibar Mines). Erin's license covers an area totaling 35.22 km2 (and includes all the prospective land directly adjacent to both the Piskanja boron deposit and the Pobrdje boron mine, as well as all of the land in between these two deposits)
The Jarandol Basin is a well-known historical mining district in southern Serbia which hosts two known boron deposits, an operating coal mine, and a (now depleted) magnesite mine. The Basin hosts excellent infrastructure for mining including local paved roads, rail, power, experienced miners, and sufficient support industries, and is located 250 km south of Belgrade by good paved roads. The Jarandol Basin is a Miocene age tertiary deposit located within the Vardar Belt of Neogene lacustrine deposits of evaporates. The Vardar Belt contains the world's richest borate deposits, including those found in Turkey, which are of similar genesis to the Serbia borate deposits.
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 trade on the TSX Venture Exchange under the symbol "EV".
Erin's 100% owned Piskanja boron deposit contains a NI 43-101 compliant mineral resource with an Indicated Mineral Resource of 5,600,000 tonnes (30.8% average B2O3 content), and an additional Inferred Mineral Resource of 6,200,000 tonnes (28.8% average B2O3 content).
For more detailed information, please see Erin's website at www.erinventures.com, or Erin's filed documents at www.sedar.com.
The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P. Eng., a consultant to Erin, who is a Qualified Person under National Instrument 43-101.
For further information, please contact:
Erin Ventures Inc.
Blake Fallis, General Manager
Phone: 1-250-384-1999 or 1-888-289-3746
Erin's Public Quotations
TSX Venture: EV
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 the press release as a PDF file, please click on the following link:
Source: Erin Ventures Inc. (EV - TSX-V) www.erinventures.com
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