Erin Ventures Inc. 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, 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 50×50 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 100×100 m, or a 50×50 m grid).