Erin Ventures Announces Final Set of Boron Assay Results Results of 31.1 meters of 29.3% B2O3, including 15.5 meters of 35.5% B2O3
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Erin Ventures Announces Final Set of Boron Assay Results
Results of 31.1 meters of 29.3% B2O3, including 15.5 meters of 35.5% B2O3
August 9, 2018
Erin Ventures Inc. [TSXV: EV] has received chemical assay results for the final set of four drill holes from this
season’s exploration program on its 100% owned Piskanja boron project in Serbia , with the results continuing to
meet 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 Minin g 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”. The deposit remains unbounded to the west and
south.
Highlights of drill holes EV151, EV155, EV156 and EV157
Holes 151, 1 55, 156 and 1 57 are all located on an existing in-fill drill grid (located in the central part of the
Piskanja deposit) on either a 100x100 m, or a 50x50 m spacing.
Hole EV151 intersected a total of 37.2 meters of mineralization averaging 25.8% B2O3, from within five known
borate layers and one new mineralized interval, with an intersection of 20.4 meters averaging 31.3% B2O3 ,
including 14.0 meters of 35.1% B2O3, and results as high as 47.0% B2O3 over 1.3 meters.
Hole EV1 55 intersected five known borate layers and one new mineralized interval , totaling 31.1 meters of
29.3% B2O3, with an interval of 21.2 meters averaging 27.8% B2O3, including 15.5 meters of 35.5% B2O3 and
13.1 meters of 40.4% B2O3, with results as high as 47.7% B2O3 over 1.2 meters.
Hole EV156 intersected 5 known borate layers and one new mineralized interval for a total of 13.8 meters of
mineralization averaging 26.7% B2O3, including an intersection of 5.8 meters averaging 31.2% B2O3, and results
as high as 45.7% B2O3 over 3.1 meters.
Hole EV157 intersected a total of 23.7 meters of mineralization averaging 31.7% B2O3, from within five known
borate layers and two new mineralized intervals, including 9.6 meters averaging 37.1% B2O3, and another of 6.7
meters averaging 37.4% B2O3, and results as high as 44.3% B2O3 over 2.3 meters.
Assay Results Summary:
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EV151
OB-4
total 119.3 125.7 6.4 8.0
upper part max 119.3 120.7 1.4 19.5
lower part max 124.6 125.7 1.1 20.7
OB-3
total 140.4 154.4 14.0 35.1
including 140.4 151.2 10.7 40.6
max 141.7 146.2 4.5 42.0
OB-6 total 157.2 160.8 3.6 37.2
including 158.0 160.8 2.7 41.4
Combined zone
OB-3 to OB-6 total 140.4 160.8 20.4 31.3
New zone total 169.5 171.6 2.1 11.1
including 170.6 171.6 1.0 13.3
OB-2 total 196.0 196.7 0.7 2.1
OB-1
total 274.3 281.9 7.6 32.4
including 276.2 281.0 4.8 35.5
max 278.3 279.5 1.3 47.0
Total mineralization in the hole: 37.2 25.8
Included: 27.2 33.8
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EV155
OB-4 total 103.9 113.3 9.4 0.2
OB-3
total 1 122.1 137.6 15.5 35.5
total 2 122.1 135.2 13.1 40.4
including 123.9 135.2 11.3 43.1
upper part max 123.9 127.7 3.8 45.3
lower part max 131.6 135.2 3.6 43.3
OB-6 total 142.7 143.3 0.7 36.4
Combined zone
OB-3 to OB-6 total 122.1 143.3 21.2 27.8
New zone total 150.1 152.9 2.8 12.4
including 151.6 152.9 1.3 14.3
OB-2 total 175.2 176.5 1.3 41.2
OB-1
total 231.5 237.3 5.8 40.4
upper part 231.5 234.3 2.8 47.6
upper part max 233.4 234.3 0.9 54.1
lower part 234.9 237.3 2.3 42.1
lower part max 234.9 236.1 1.2 47.7
Total mineralization in the hole: 31.1 29.3
Included: 21.5 39.9
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EV156
OB-4 total 119.3 121.3 2.0 0.2
OB-3 total 1 130.0 131.2 1.2 36.1
OB-6 total 146.3 148.4 2.1 10.4
including 146.3 147.5 1.2 11.8
OB-2 total 164.9 168.7 3.8 28.3
including 166.0 168.7 2.6 33.1
New zone total 175.6 176.5 0.9 16.4
OB-1
total 249.8 255.6 5.8 31.2
upper part 249.8 252.9 3.1 45.7
lower part 253.4 254.4 1.0 37.4
Total mineralization in the hole: 13.8 26.7
Included: 10.1 33.7
HOLE Borate bodies /
Mineralized zone
Interval (m) Thickness
(m)
Weighted average
grade of B2O3 (%) From To
EV157
OB-4 total 106.8 112.5 5.7 0.3
OB-3
total 1 122.8 132.4 9.6 37.1
upper part 122.8 125.2 2.4 43.4
lower part 127.5 131.4 3.9 40.4
OB-6 layer 1 134.1 135.3 1.2 7.0
layer 2 140.9 141.7 0.9 4.5
New zone total 148.4 151.1 2.7 11.7
New zone total 175.5 178.3 2.8 36.8
including 175.9 178.3 2.4 41.1
OB-2 total 175.5 178.3 2.8 36.8
including 175.9 178.3 2.4 41.1
OB-1
total 235.0 241.7 6.7 37.4
including 235.0 239.4 4.4 42.8
max 237.1 239.4 2.3 44.3
Total mineralization in the hole: 23.7 31.7
Include
d: 15.8 36.8
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
QA/QC protocols established in accordance with SRK Consulting have been used during this collection,
storage and testing
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 from Cardiff, Wales.
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.