Erin Ventures drills 35.18% boron over 17.9 metres in Serbia

Erin Ventures Inc. [EV-TSXV; ERVFF-OTC; EKV-Berlin] has received assay results for four additional drill holes (holes EV138 to EV141) from its Piskanja boron project in Serbia, with the results meeting management’s expectations. Piskanja is a high-grade boron deposit with a NI 43-101-compliant mineral resource of 5.6 million indicated tonnes (averaging 30.8% B₂O₃ (boron trioxide) and 6.2 million inferred tonnes (averaging 28.8% B₂O₃).

Highlights of drill holes EV-138 to EV141:

Holes EV-139 and EV-141 are situated in central part of a 50-metre-by-50-metre infill drill grid (located in central part of deposit) and are being utilized for mineralogy, petrology and sedimentology research, along with adding to the mineral resource database. Hole EV-138 is situated in northeast part of the 50-metre-by-50-metre drill grid, and hole EV-140 in southeast quadrant.

Hole EV-138 intersected a total of 19.45 metres of mineralization within the Piskanja deposit, from four known mineralized layers (RT-7, RT-6, RT-2 and RT-1), including 2.8 metres averaging 45.7% B₂O₃.

Hole EV-139 intersected five known borate layers totaling 41.82 metres, including 13.37 metres of 40.19% _B2O3 and 6.8 metres averaging 35.72% B₂O₃.

Hole EV-140 intersected a total of six borate layers, including one previously unknown mineralized zone and the recently recognized mineralized layer located between RT-3 and RT-6 (as reported in hole EV-137). This hole returned a total of 31.25 metres of mineralization, including 10.66 metres of 37.73% B₂O₃.

Hole EV-141 returned 32.53 metres of mineralization within five zones, including two newly discovered zones. Results from this hole include 17.9 metres of 35.18% B₂O₃ and 7.88 metres averaging 35.46% B₂O₃.

Erin recently completed an 11-hole diamond drill program of HQ-diameter and larger-diameter vertical core drilling, consisting of infill drilling on a 50-metre-by-50-metre grid over the central part of the Piskanja deposit. This program is designed to raise the confidence level of the mineral resource to measured. This is a key component in advancing the Piskanja Project toward feasibility.

The continuing work program at Piskanja and Jarandol is designed to ensure that the project complies with both the Canadian Institute of Mining’s best practice guidelines and Serbian mine licensing and mine development regulations, as well as complying with recommendations made by Erin’s geological consulting firm, SRK Exploration Services Ltd.

Boron is used in pharmaceuticals to treat diseases, fertilizer, bleach, magnets, ceramincs, LCD screens, iPads, smart phones, semi-conductors, glass, fiberglass, and other appications.