Erin Ventures Announces Additional Boron Project Assay Results Results include 35.9 meters averaging 30.6% B2O3, with 14.5 meters of 33.5% B2O3
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Erin Ventures Announces Additional Boron Project Assay Results
Results include 35.9 meters averaging 30.6% B2O3, with 14.5 meters of 33.5% B2O3
July 13, 2018
Erin Ventures Inc. [TSXV: EV] has received assay results for the second set of three drill holes from this season’s
exploration program on its 100% owned Piskanja boron project in Serbia, with the results meeting management’s
expectations.
Piskanja is Er in’s wholly -owned high -grade boron deposit with an indicated mineral resource of 7.8 million
tonnes (averaging 31 percent B2O3), and an inferred resource of 3.4 million tonnes (averaging 28.6 percent
B2O3), calculated in accordance with the Canadian Instit ute of Mining Definition Standards on Mineral
Resources and Reserves (CIM Standards) , as disclosed in Erin’s filed report titled, “Mineral Resource Estimate
Update On The Piskanja Borate Project, Serbia, October 2016”.
Highlights of drill holes EV152, EV153 and EV154
Holes 152, 153 and 154 are located on an existing 50x50 meter in-fill drill grid (located in the central part of the
Piskanja deposit). The results from these three holes continue to confirm the existence of massive borate
mineralization and the continuity of several known mineral beds , as these results correlate very well with those
from previously drilled adjacent holes (on a 100x100 m, or a 50x50 m grid).
Hole EV152 intersected a total of 35.9 meters of mineralization averaging 30.6% B2O3, from within five known
borate layers and one new mineralized interval, including an intersection of 21.0 meters averaging 25.1% B2O3,
and another of 14.5 meters of 33.5% B2O3, and results as high as 48.5% B2O3 over 1.7 meters.
Hole EV153 intersected five borate layers totaling 30.5 meters of 27.4% B2O3, including 17.2 meters averaging
22.8% B2O3, and results as high as 47.3% B2O3 over 1.1 meters.
Hole EV154 intersected 5 known borate layers for a total of 17.6 meters of mineralization averaging 33.7%
B2O3, including an intersection of 8.8 meters averaging 35.4% B2O3, and another of 7.4 meters of 39.7% B2O3,
and results as high as 49.6% B2O3 over 1.3 meters.
Assay Results:
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EVP-2018-
152
OB-4 total 139.5 141.7 2.2 35.4
including 140.3 141.7 1.4 45.4
New OB total 150.2 152.2 2.0 47.0
OB-3
total 1 164.5 178.9 14.5 33.5
total 2 164.5 176.5 12.0 37.5
including 165.3 175.1 9.8 42.3
max 165.3 167.0 1.7 48.5
OB-6 total 184.3 185.5 1.2 23.5
including 184.3 185.1 0.8 34.1
Combined zone
OB-3 to OB-6 total 164.5 185.5 21.0 25.1
OB-2
total 215.1 219.5 4.4 37.1
including 216.5 219.5 3.1 42.1
max 216.5 218.2 1.7 45.0
OB-1
total 290.6 296.9 6.3 37.3
including 291.4 296.9 5.4 39.9
max upper part 292.1 293.3 1.2 45.4
max lower part 294.2 296.9 2.7 42.4
Total mineralization in the hole: 35.9 30.6
Included: 25.1 39.1
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EVP-2018-
153
OB-4 total 141.1 143.4 2.3 31.1
including 141.6 143.4 1.8 35.1
OB-3 total 170.1 177.7 7.6 41.4
including 175.2 177.7 2.5 43.6
OB-6 total 186.3 187.3 0.9 32.8
Combined zone
OB-3 to OB-6 total 170.1 187.3 17.2 22.8
OB-2
total 218.4 222.9 4.6 37.4
including 218.9 222.9 4.1 40.2
max 219.6 220.6 1.0 43.1
OB-1
total 294.5 300.8 6.3 31.3
including 294.5 299.9 5.4 35.5
max upper part 294.5 296.4 1.9 40.2
max lower part 296.9 299.0 2.1 43.3
max interval 297.9 299.0 1.1 47.3
Total mineralization in the hole: 30.5 27.4
Included: 19.8 38.6
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EVP-2018-
154
OB-4 total 97.4 100.2 2.8 0.2
OB-3
total 1 110.0 118.7 8.8 35.4
total 2 110.0 117.4 7.4 39.7
including 110.0 116.7 6.8 40.8
max upper part 110.0 112.4 2.5 44.8
max lower part 114.6 116.7 2.1 43.7
New OB/ OB-6 total 134.7 135.9 1.1 12.7
OB-2 total 160.1 162.6 2.5 34.7
OB-1
total 230.4 235.6 5.1 35.0
including 230.4 233.7 3.3 42.2
max 230.4 231.7 1.3 49.6
Total mineralization in the hole: 17.6 33.7
Included: 14.4 37.2
Chemical analyses were conducted as follows:
Results are stated as a percentage concentration
All measurements are metric
Chemical analysis is conducted by SGS Turkey - an accredited laboratory located in Ankara, Turkey , with
sample preparation conducted by SGS's facility in Bor, Serbia
Control samples are sent to an umpire lab - Bureau Veritas Minerals Lab in Perth, Australia
Analytical Methodology:
1. ICP90Q (by Sodium peroxide fusion) - for determination of high grade Boron (presented in B%)
2. ICP90A (by Sodium peroxide fusion) for multi-element analysis and low-grade Boron (Al, As, B, Be, Ca,
Cd, Co, Cr, Cu, Fe, K, La, Li, Mg, Mn, Mo, Ni, P, Pb, Sb, Sc, Sn, Ti, V, W, Y, Zn)
3. ICP95A -Whole rock analysis (by Lithium metaborate Fusion / ICP-AES) for determinations: Al2O3, Ba,
CaO, Cr2O3, Fe2O3, K2O, MgO, MnO, Na2O, P2O5, SiO2, Sr, TiO2, Zr
4. CSA06V - total Sulphur, Leco method
5. PHY01K – for determination of L.O.I (Loss on Ignition) at approx. 950°C by Gravimetric Analysis
Location: Piskanja Project, Baljevac, Serbia
Sample type: HQ-size diamond core drilling, with drilling conducted by Geomag d.o.o. of Belgrade, Serbia
Azimuth/dip: vertical hole, 90 degree dip
Sample interval is 0.5 metres
This work program was designed to ensure that the project continues to comply with both the Canadian Institute
of Mining "Best Practice Guidelines", and the Republic of Serbia Ministry of Mining and Energy mine
development and licensing regulations, as well as complying with recommendations made by Erin’s geological
consulting firm - SRK Exploration Services Ltd.
On behalf of the Board of Directors,
Blake Fallis, General Manager
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.
For further information, please contact: Erin’s Public Quotations
Erin Ventures Inc. Canada USA
Blake Fallis, General Manager TSX Venture: EV SEC12G3-2(B)#82-4432
Phone: 1-250- 384-1999 or 1-888-289-3746 OTCBB:ERVFF
[email protected] Europe
www.erinventures.com Berlin: EKV
The technical information in this release was prepared and approved by James E Wallis, M.Sc. (Eng), P.
Eng., a director of the company, who is a Qualified Person under National Instrument 43-101.
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 press release contains or refers to forward -looking information under Canadian securities legislation, including
statements regarding the timing of future mineral resource estimates and the PEA, estimation of mineral resources,
exploration results, po tential mineralization, exploration and mine development plans, timing of the commencement of
operations and future production and is based on current expectations that involve a number of business risks and
uncertainties. The words "believe," "expect," “f eel,” "plan," "anticipate," “project,” “could,” “should” and other similar
expressions generally identify forward -looking statements. Forward -looking statements are subject to significant risks and
uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not
place undue reliance on forward -looking statements. Factors that could cause actual results to differ materially from any
forward-looking statement include, but are not limited to, fail ure to convert estimated mineral resources to reserves, capital
and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in
obtaining or failures to obtain required governmental, environmental o r other project approvals, political risks, uncertainties
relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the
mineral exploration and development industry, as well as those factors discussed in the section entitled "Risks of the
Business" in the Company's most recent regulatory filings which are posted on SEDAR at w ww.sedar.com. These forward -
looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them
to reflect new events or circumstances other than as required by applicable securities law. These and othe r factors made in
public disclosures and filings by the Company should be considered carefully.
Mineral resources are not mineral reserves and do not have demonstrated economic viability. "Inferred Resources" have a
great amount of uncertainty as to the ir existence, and economic and legal feasibility. Investors are cautioned not to assume
that all or any part of an inferred mineral resource reported in this news release will ever be upgraded to a higher category or
to reserves. U.S. persons are advised t hat while mineral resources are recognized under Canadian regulations, the U.S.
Securities and Exchange Commission does not recognize them. U.S. persons are also cautioned not to assume that all or any
part of an inferred mineral resource is economically or legally mineable.