Erin Ventures Inc. reported that it received assay results for four additional drill holes (Hole # EV138 to 141) 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), and 6.2 million inferred tonnes (averaging 28.8% B2O3).
Erin has recently completed an eleven hole diamond drill program of HQ and larger diameter vertical core drilling, consisting of in-fill drilling on a 50 meter by 50 meter 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 towards Feasibility.
The ongoing work program at Piskanja and Jarandol is designed to ensure that the project complies with both the Canadian Institute of Mining “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
