Erin Ventures Announces Boron Project Update 42.5 meters averaging 34.6% B2O3, including 13.3 meters of 42.5% B2O3
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Erin Ventures Announces Boron Project Update
42.5 meters averaging 34.6% B2O3, including 13.3 meters of 42.5% B2O3
June 29, 2018
Erin Ventures Inc. [TSXV: EV] has received assay results for the first 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 Erin’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 Institute 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 EV148, EV149 and EV150
Holes 148, 149 and 150 are located on an existing section of a 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 EV148 intersected a total of 42.5 meters of mineralization averaging 34.6% B2O3, from within six known
borate layers and one new mineralized interval, including an intersection of 21.1 meters averaging 32.9% B2O3,
and another of 13.3 meters of 42.5% B2O3, and results as high as 49.2% B2O3 over 3.2 meters.
Hole EV149 intersected five borate layers totaling 30.8 meters of 35.9% B2O3, including 13.5 meters averaging
37.1% B2O3, and results as high as 48.5% B2O3 over 2.9 meters.
Hole EV150 intersected 5 known and 1 new borate layers for a total of 40.1 meters of mineralization averaging
29.5% B2O3, including an intersection of 21.6 meters averaging 24.3% B2O3, and another of 12.9 meters of
33.8% B2O3, and results as high as 51.1% B2O3 over 2.3 meters.
Assay Results
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EVP-2018-
148
OB-4 total 126.2 134.0 7.8 42.1
including 127.0 134.0 7.0 44.8
OB-3
total 153.2 170.0 16.8 35.5
including 153.2 166.5 13.3 42.5
max 160.8 162.6 1.8 45.9
OB-6 total 171.2 174.3 3.1 30.5
including 172.3 174.3 2.0 40.9
Combined zone
OB-3 to OB-6 total 153.2 174.3 21.1 32.9
New min zone total 192.2 193.0 0.8 10.5
OB-2 total 208.3 210.5 2.2 30.8
including 209.3 210.5 1.2 42.8
OB-1
total 280.6 291.1 10.5 35.0
including 281.6 291.1 9.5 37.9
max 281.6 284.9 3.2 49.2
Total mineralization in the hole: 42.5 34.6
Included: 33.8 40.9
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EVP-2018-
149
OB-4 total 115.5 119.9 4.4 35.5
including 116.4 119.9 3.5 39.8
OB-3
total 131.9 145.3 13.5 37.1
including 131.9 143.7 11.9 38.9
max 141.7 143.7 2.0 41.1
New OB or OB-6 total 161.1 163.3 2.2 21.8
OB-2 total 179.3 181.4 2.1 42.5
New min zone total 235.7 236.7 1.1 11.1
OB-1 total 247.5 255.1 7.6 39.6
including 247.5 253.6 6.1 41.3
max upper part 247.5 250.4 2.9 48.5
max lower part 251.4 253.6 2.2 47.4
Total mineralization in the hole: 30.8 35.9
Included: 25.7 38.4
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EVP-2018-
150
OB-4
total 136.3 143.7 7.4 41.3
part above 136.3 141.1 4.8 44.3
part below 141.6 143.7 2.1 44.2
OB-3
total 161.8 174.7 12.9 33.8
including 166.9 174.7 7.8 42.7
max 166.9 169.2 2.3 51.1
New Min below min
thick. 176.8 177.6 0.8 18.2
OB-6 total 182.1 183.4 1.3 33.2
Combined zone
OB-3 to OB-6 total 161.8 183.4 21.6 24.3
OB-2 total 217.2 221.4 4.2 38.2
including 218.1 221.4 3.3 42.4
OB-1
total 294.7 301.7 7.0 27.8
including 296.5 301.7 5.2 32.0
max upper part 296.5 297.4 0.9 51.5
max lower part 298.5 300.9 2.4 42.0
Total mineralization in the hole: 40.1 29.5
Included: 25.2 39.6
Chemical analyses were conducted as follows:
Results are stated as a percentage concentration
All measurements are metric
Chemical analysis was conducted by SGS Turkey, located in Ankara, Turkey an accredited laboratory, with
sample preparation being conducted by SGS's facility in Bor, Serbia
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
Control samples are sent to an umpire lab - Bureau Veritas Minerals Lab in Perth, Australia
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.
Jarandol Basin License Update
Erin elected not to complete the work necessary in order to comply with the terms of its Jarandol Basin
exploration license, at this time. Management chose to complete the work required to keep its flagship Piskanja
Project license in good standing rather than Jarandol, as there were not the resources available to complete the
required work on both. However, Erin is currently working to restore the Jarandol license. Further information
will be provided if, as, and when available.
While the Jarandol Basin may hold some potential for boron deposits, it is in the best interest of Erin’s
shareholders for Erin to, first and foremost, focus on advancing its Piskanja Project towards becoming a “going
concern” operation, and then secondarily look to advance Jarandol as excess resources become available , as
Jarandol continues to be an early stage, high -risk exploration target that requires substantial time and money to
explore before its potential can be understood.
On behalf of the Board of Directors,
Blake Fallis, General Manager
About Erin Ventures Inc.
Erin Ventures Inc. is an international mineral e xploration 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.