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Last C$0.05 CAD
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As of 12:29 PM 10/2/15 All times are local (Market data is delayed by at least 15 minutes).

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erin ventures inc (EV) Details

Erin Ventures Inc., a junior mining and exploration company, engages in the acquisition, exploration, and development of precious metal properties. The company primarily explores for gold and boron deposits. It has interests in the Piskanja boron deposit located to the south of Belgrade, Serbia; and the Deep River Gold Project, which is located to the southwest of Raleigh city, central North Carolina. The company was incorporated in 1993 and is based in Victoria, Canada.

Founded in 1993

erin ventures inc (EV) Top Compensated Officers

Chief Executive Officer, President, Treasurer...
Total Annual Compensation: C$146.4K
Chief Financial Officer and General Manager
Total Annual Compensation: C$103.5K
Compensation as of Fiscal Year 2014.

erin ventures inc (EV) Key Developments

Erin Ventures Inc. Announces Exploration Update on its Jarandol Boron License, Serbia

Erin Ventures Inc. announced report on completion of the first five exploratory diamond drill holes on its 100% owned Jarandol Basin Exploration License. Jarandol covers a 35 km area directly adjacent to, and between, Erin's 100% owned Piskanja boron project on the eastern edge of the Jarandol Basin, and the Pobrdje Boron Mine, some 2.5 km away from Piskanja on the opposite edge of the Jarandol Basin. Jarandol has the potential to host extensions to the Piskanja boron deposit and/or the potential to host separate similar boron deposits. Drilling of the sixth hole is well underway, having passed the midway point of its targeted depth. The exploration plan was modified from four originally planned holes to eight (vertical) holes, as Erin's exploration team opted for somewhat shallower drill holes than what was originally contemplated. The completion of this drill program will fulfill Erin's license obligations regarding its Jarandol exploration license. The drill target for this exploration program is located between Erin's Piskanja boron deposit and the Pobrdje boron mine. The closest Jarandol drill holes are located some 900 meters from the nearest historical drill holes at the Pobrdje boron mine, and more than 1,000 meters from the Piskanja boron deposit, and are in a deeper part of the basin than either of the two known deposits. Visually, all six holes drilled to date indicate the presence of borate mineralization in field tests, however borate mineralization in holes EVJ-01 to EVJ-03 appear as randomly distributed disseminated nodules and/or veinlets, without any indication of massive borate mineralization. Drill hole EVJ-04, located some 300 meters to the south of EVJ-01 cut massive borate mineralization at a depth of 201.22 meters to 203.1 meters (1.88 m). Mineralization occurrence and type appears to be similar to that seen in the Piskanja deposit. The first step-out hole EVJ-05, located some 100 meters to the southeast of EVJ-04 also cut a section of massive borate mineralization, similar to that seen in drill hole EVJ-04, at a depth between 260.25 meters and 261.88 meters (1.63 m). The second step-out hole EVJ-06, has been collared some 110 meters SSE of EVJ-04, and was designed to check if there is continuity between the two earlier intersections. At a depth between 135.41 meters and 136.16 meters (0.75 m), a section of massive borate mineralization has now been intersected in EVJ-06, suggesting possible continuity of the borate layer seen in holes EVJ-04 and EVJ-05. The borate layer at hole EVJ-06 is thinning, which is not unexpected as this hole is in direction of the edge of sedimentary basin. Additionally, EVJ-06 intersected a second massive borate zone between 193.01 meters and 194.06 meters (1.05 m) comprised of colemanite and howlite (15 cm nodules). The balance of the drill targets for this year will attempt to further the understanding of this potential new borate zone. Additionally, 883 samples from the recent in-fill drill program at Piskanja have been sent for chemical analysis, with results to be released as soon as available. Samples from Jarandol will be sent for analysis once the drilling at Jarandol has been completed for this year.

Erin Ventures Inc. Reports the Completion of Eleven Infill Drill Holes at its 100% Owned Piskanja Borate Project in Serbia

Erin Ventures Inc. reported the completion of eleven infill drill holes at its 100% owned Piskanja borate project in Serbia. Piskanja is a high-grade boron deposit with a NI 43-101 compliant mineral resource of 5.6 million indicated tonnes. With the completion of these eleven drill holes, Erin is compliant with the requirements to keep its exploration license at Piskanja in good standing, as defined by Serbian Mining Laws. Completion of this drilling program was Erin's high priority for this year, and was completed on schedule. Samples from all eleven of these drill holes have been prepared and submitted for analysis, with the results to be published when completed. This program was designed to raise the confidence level in the central part of the deposit to measured, by drilling on a 50 meter by 50 meter grid. This is a key component in advancing the Piskanja project towards Feasibility. Erin's has now refocused its attention to its second priority project for this year, which will fulfill its obligations regarding its Jarandol exploration license. This license covers a 35 km2 area adjacent to Piskanja, and has the potential to host extensions to the Piskanja deposit and/or the potential to host separate similar deposits. Erin has chosen the first two of four planned drill targets on the Jarandol license area, with two drill rigs currently being deployed to these sites. The two initial drill targets at Jarandol have been chosen along a profile line that is strategically locate d between the Piskanja borate deposit and the smaller Pobrdje borate deposit, which is located 2.5 km to the northwest of Piskanja. On completion of the first four holes on the Jarandol license, additional work is anticipated for both Piskanja and Jarandol, subject to the availability of sufficient funds and adequate time in this exploration season. Future plans include: drilling of the final 3 planned infill holes on a 50 by 50 meter grid at Piskanja; several exploratory drill holes to evaluate the potential propagation of ore bodies in the direction of some positive Rio Tinto drill results to the western and southern extremities of the property; seismic testing along 10 to 12 profiles; structural drilling with 2 inclined drill holes to aid in a better understanding of the complexities of the tectonics of the deposit; twinning of 7 historical drill holes for reserve calculation and compilation of a metallurgical bulk sample; drill holes along the alignment of the planned decline and main ventilation shaft for geotechnical purposes; hydrological studies; and, exploration drilling of additional holes at Jarandol using seismic targets.

Erin Ventures Inc. Provides Exploration Update at its Piskanja Boron Project, Serbia

Erin Ventures Inc. reported that the exploration program at its 100% owned Piskanja borate project in Serbia is well underway. Piskanja is a high-grade boron deposit with a NI 43-101 compliant mineral resource of 5.6 million indicated tonnes. To date, the first 4 drill holes of the planned 14 drill hole (4,000 m) infill drilling program have been completed, with holes 5 and 6 approximately halfway complete. This program is designed to raise the confidence level to "measured" in the central part of the deposit by drilling on a 50 meter by 50 meter grid. The first batch of samples from the drill core are being readied, and will be sent for assaying during June.


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