ERIN VENTURES INC. (“Erin”) Boron in Serbien wieder aktuell !! - 500 Beiträge pro Seite
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ISIN: CA10002E1060 · WKN: A3D7GE · Symbol: BONE
0,0750
CAD
0,00 %
0,0000 CAD
Letzter Kurs 22.04.24 TSX Venture
Werte aus der Branche Rohstoffe
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 0,7950 | +30,33 | |
| 0,6000 | +20,00 | |
| 13,170 | +15,32 | |
| 11,180 | +14,08 | |
| 208,00 | +13,60 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 18,495 | -11,29 | |
| 0,7250 | -14,71 | |
| 0,6800 | -15,00 | |
| 4,2300 | -17,86 | |
| 0,9000 | -25,00 |
Feedback
nach einigen Jahren ist Boron wieder im Gespräch.
aufgepasst!!!
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Serbian Boron Property Update
December 19, 2008
Erin Ventures Inc. (TSX-Venture: EV) reports that further to its news
release of Oct. 23, 2008, the Serbian government has announced that
effective immediately the mineral concession to exploit the Piskanja boron
property has been officially returned to the Serbian government by a third
party.
This mineral concession was granted to a third party by a previous Serbian
government, in spite of its knowledge of Erin’s contractual rights to the
property through a joint venture with Elektroprevreda-Serbia (“EPS”), the
Serbian government’s wholly owned national power corporation. As previously
reported Erin has ongoing legal action against EPS, whereby Erin is seeking
monetary compensation for losses and certain damages, totaling approximately
US$15 million. Erin expects that a decision regarding this legal action
could be rendered as soon as the first quarter of 2009.
Also reported by Erin in its news release of Oct. 23, 2008, management of
Erin has recently met the Minister of Mining and Energy of Serbia, wherein
the Minister expressed his desire reach a settlement of the dispute by means
other than legal action. At the request of the Minister, Erin has submitted
a proposal to settle the legal dispute, which includes the following
information: 1) An outline of the issues and events which led to Erin’s
legal action; 2) Details of mining projects in Serbia, including but not
limited to the Piskanja boron property, that Erin may have an interest in
pursuing at this time; and 3) What actions Erin demands the Serbian
government take regarding these projects of interest to Erin. Follow up
meetings with the Minister are being coordinated for the near future.
On behalf of the Board of Directors,
Blake Fallis, General Manager
Cautionary Note:
There can be no assurance given that any legal or other action currently
being pursued by Erin regarding this matter will be successful.
For further information, please contact: Erin’s Public Quotations:
Erin Ventures Inc. Canada
Phone: 1-250- 384-1999 or 1-888-289-3746 TSX Venture: EV
www.erinventures.com USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
Forward Looking Statements
This release contains forward looking statements. The words "believe,"
"expect," “feel,” "plan," "anticipate," “project,” “could,” “should” and
other similar expressions generally identify forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. These forward-looking
statements are subject to a number of risks and uncertainties including,
without limitation, variations in estimated costs, the failure to discover
or recover economic grades of minerals, and the inability to raise the funds
necessary for the continued operations of the Company, changes in external
market factors including commodity prices, and other risks and
uncertainties. Actual results could differ materially from the results
referred to in the forward-looking statements.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE
aufgepasst!!!
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Serbian Boron Property Update
December 19, 2008
Erin Ventures Inc. (TSX-Venture: EV) reports that further to its news
release of Oct. 23, 2008, the Serbian government has announced that
effective immediately the mineral concession to exploit the Piskanja boron
property has been officially returned to the Serbian government by a third
party.
This mineral concession was granted to a third party by a previous Serbian
government, in spite of its knowledge of Erin’s contractual rights to the
property through a joint venture with Elektroprevreda-Serbia (“EPS”), the
Serbian government’s wholly owned national power corporation. As previously
reported Erin has ongoing legal action against EPS, whereby Erin is seeking
monetary compensation for losses and certain damages, totaling approximately
US$15 million. Erin expects that a decision regarding this legal action
could be rendered as soon as the first quarter of 2009.
Also reported by Erin in its news release of Oct. 23, 2008, management of
Erin has recently met the Minister of Mining and Energy of Serbia, wherein
the Minister expressed his desire reach a settlement of the dispute by means
other than legal action. At the request of the Minister, Erin has submitted
a proposal to settle the legal dispute, which includes the following
information: 1) An outline of the issues and events which led to Erin’s
legal action; 2) Details of mining projects in Serbia, including but not
limited to the Piskanja boron property, that Erin may have an interest in
pursuing at this time; and 3) What actions Erin demands the Serbian
government take regarding these projects of interest to Erin. Follow up
meetings with the Minister are being coordinated for the near future.
On behalf of the Board of Directors,
Blake Fallis, General Manager
Cautionary Note:
There can be no assurance given that any legal or other action currently
being pursued by Erin regarding this matter will be successful.
For further information, please contact: Erin’s Public Quotations:
Erin Ventures Inc. Canada
Phone: 1-250- 384-1999 or 1-888-289-3746 TSX Venture: EV
www.erinventures.com USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
Forward Looking Statements
This release contains forward looking statements. The words "believe,"
"expect," “feel,” "plan," "anticipate," “project,” “could,” “should” and
other similar expressions generally identify forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. These forward-looking
statements are subject to a number of risks and uncertainties including,
without limitation, variations in estimated costs, the failure to discover
or recover economic grades of minerals, and the inability to raise the funds
necessary for the continued operations of the Company, changes in external
market factors including commodity prices, and other risks and
uncertainties. Actual results could differ materially from the results
referred to in the forward-looking statements.
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE
In diesem Thread kann wieder gepostet werden.
E-Schwarz
w: o Team
E-Schwarz
w: o Team
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Serbian Lawsuit and Boron Property Settlement Discussions Continue
June 19, 2009
Erin Ventures Inc. [TSX-Venture: EV] reports that it’s management and
members of the Serbian Ministry of Mining have agreed to meet, starting June
25th, regarding a possible settlement to Erin’s legal action over the
Piskanja boron property. These meetings will continue to focus on the form
and manner of a possible settlement that would be acceptable to both parties
including, but not limited to, reinstating Erin’s right to the Piskanja
boron property. Erin’s legal action results from the decision of a previous
Serbian government to grant a concession to exploit these boron deposits to
a third party, in spite of direct knowledge of Erin’s contractual rights to
the property. Subsequently, the concession to exploit the Piskanja boron
property has been officially returned to the Serbian government, and remains
uncommitted.
Additionally, the Serbian International Arbitration Court, which is
presiding over Erin’s legal action, has concluded the examination of all
witnesses. The Court has the right to recall witnesses and/or request
additional written information as it deems necessary prior to adjourning to
deliberate a ruling regarding this matter. Erin awaits further communication
from the Court.
Summary of Erin’s Legal Action
Erin is seeking monetary compensation, totaling approximately US$15 million,
as the result of Erin’s contention that it holds a valid joint venture
contract to develop the Piskanja boron property and, in spite of direct
knowledge of Erin’s contractual rights to the property, the Serbian
government in power at that time granted a concession to exploit these boron
deposits to a third party.
Summary of the Piskanja boron property
The Piskanja property has a partially proven and probable colemanite-ulexite
resource of approximately seven million tonnes of 39 per cent B2O3 (boron),
based upon historic drill data (non NI43-101 compliant). The deposit is
open both to the south and the east. Evaluation of the drill-hole data by
Erin’s technical advisers indicate that the Piskanja deposit has the
potential of hosting additional significant borate reserves.
Borate minerals and refined borate products are used extensively worldwide
in the manufacture of vitreous products such as fiberglass insulation,
textile fiberglass, borosilicate glass, ceramic glazes and porcelain
enamels. These applications account for approximately 60 per cent of borate
consumption with detergents, fire retardants, metallurgy, agriculture,
insecticides, wood preservatives and specialty products accounting for the
remainder. Market prices reflect the relative scarcity of borates with
prices averaging $250 US/t for colemanite concentrate, $900/t for boric
acid, and up to $150/kg for specialty boron oxides.
On behalf of the Board of Directors,
Blake Fallis, General Manager
Cautionary Note:
There can be no assurance given that any legal or other action currently
being pursued by Erin regarding this matter will be successful.
The technical information in this release was prepared by James E Wallis,
M.Sc. (Eng), P. Eng., a consultant to Erin, who is a Qualified Person under
National Instrument 43-101.
For further information, please contact: Erin’s Public Quotations:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
NEWS RELEASE - For Immediate Distribution
Serbian Lawsuit and Boron Property Settlement Discussions Continue
June 19, 2009
Erin Ventures Inc. [TSX-Venture: EV] reports that it’s management and
members of the Serbian Ministry of Mining have agreed to meet, starting June
25th, regarding a possible settlement to Erin’s legal action over the
Piskanja boron property. These meetings will continue to focus on the form
and manner of a possible settlement that would be acceptable to both parties
including, but not limited to, reinstating Erin’s right to the Piskanja
boron property. Erin’s legal action results from the decision of a previous
Serbian government to grant a concession to exploit these boron deposits to
a third party, in spite of direct knowledge of Erin’s contractual rights to
the property. Subsequently, the concession to exploit the Piskanja boron
property has been officially returned to the Serbian government, and remains
uncommitted.
Additionally, the Serbian International Arbitration Court, which is
presiding over Erin’s legal action, has concluded the examination of all
witnesses. The Court has the right to recall witnesses and/or request
additional written information as it deems necessary prior to adjourning to
deliberate a ruling regarding this matter. Erin awaits further communication
from the Court.
Summary of Erin’s Legal Action
Erin is seeking monetary compensation, totaling approximately US$15 million,
as the result of Erin’s contention that it holds a valid joint venture
contract to develop the Piskanja boron property and, in spite of direct
knowledge of Erin’s contractual rights to the property, the Serbian
government in power at that time granted a concession to exploit these boron
deposits to a third party.
Summary of the Piskanja boron property
The Piskanja property has a partially proven and probable colemanite-ulexite
resource of approximately seven million tonnes of 39 per cent B2O3 (boron),
based upon historic drill data (non NI43-101 compliant). The deposit is
open both to the south and the east. Evaluation of the drill-hole data by
Erin’s technical advisers indicate that the Piskanja deposit has the
potential of hosting additional significant borate reserves.
Borate minerals and refined borate products are used extensively worldwide
in the manufacture of vitreous products such as fiberglass insulation,
textile fiberglass, borosilicate glass, ceramic glazes and porcelain
enamels. These applications account for approximately 60 per cent of borate
consumption with detergents, fire retardants, metallurgy, agriculture,
insecticides, wood preservatives and specialty products accounting for the
remainder. Market prices reflect the relative scarcity of borates with
prices averaging $250 US/t for colemanite concentrate, $900/t for boric
acid, and up to $150/kg for specialty boron oxides.
On behalf of the Board of Directors,
Blake Fallis, General Manager
Cautionary Note:
There can be no assurance given that any legal or other action currently
being pursued by Erin regarding this matter will be successful.
The technical information in this release was prepared by James E Wallis,
M.Sc. (Eng), P. Eng., a consultant to Erin, who is a Qualified Person under
National Instrument 43-101.
For further information, please contact: Erin’s Public Quotations:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
EV: Price Change % Change Volume Bid/Ask Day High/Low
0.0800
+0.0100 14.29% 276,000 0.0750 / 0.0800 0.0800 / 0.0750
Market by Price
Bids
Total Size # of Orders Price
84,000 3 0.0750
181,300 3 0.0700
215,000 5 0.0650
170,000 2 0.0550
100,000 1 0.0500
Asks
Price # of Orders Total Size
0.0800 3 148,000
0.0900 3 90,000
0.0950 3 70,000
0.1000 1 23,000
0.1050 1 5,000
Market by Order
Bids
Time of Order Broker Name Size Price
9:43:00 CIBC 13,000 0.0750
9:58:18 ANONYMOUS 21,000 0.0750
9:59:49 TD SEC 50,000 0.0750
7:32:59 TD SEC 70,300 0.0700
7:34:07 TD SEC 11,000 0.0700
9:43:14 TD SEC 100,000 0.0700
6/23/2009 3:01:16 ANONYMOUS 50,000 0.0650
7:33:15 TD SEC 20,000 0.0650
7:34:07 TD SEC 14,000 0.0650
9:38:39 ANONYMOUS 71,000 0.0650
Asks
Price Size Broker Name Time of Order
0.0800 43,000 ANONYMOUS 5/29/2009 12:33:23
0.0800 100,000 SCOTIA 6/16/2009 9:15:56
0.0800 5,000 CIBC 6/19/2009 7:00:31
0.0900 30,000 TD SEC 5/2/2009 9:46:19
0.0900 55,000 CANACCORD 6/22/2009 8:00:22
0.0900 5,000 CIBC 6/22/2009 9:45:59
0.0950 20,000 TD SEC 6/16/2009 7:41:25
0.0950 20,000 TD SEC 6/16/2009 7:41:25
0.0950 30,000 TD SEC 6/16/2009 7:41:25
0.1000 23,000 BMO NESBITT 6/16/2009 7:54:39
0.0800
+0.0100 14.29% 276,000 0.0750 / 0.0800 0.0800 / 0.0750
Market by Price
Bids
Total Size # of Orders Price
84,000 3 0.0750
181,300 3 0.0700
215,000 5 0.0650
170,000 2 0.0550
100,000 1 0.0500
Asks
Price # of Orders Total Size
0.0800 3 148,000
0.0900 3 90,000
0.0950 3 70,000
0.1000 1 23,000
0.1050 1 5,000
Market by Order
Bids
Time of Order Broker Name Size Price
9:43:00 CIBC 13,000 0.0750
9:58:18 ANONYMOUS 21,000 0.0750
9:59:49 TD SEC 50,000 0.0750
7:32:59 TD SEC 70,300 0.0700
7:34:07 TD SEC 11,000 0.0700
9:43:14 TD SEC 100,000 0.0700
6/23/2009 3:01:16 ANONYMOUS 50,000 0.0650
7:33:15 TD SEC 20,000 0.0650
7:34:07 TD SEC 14,000 0.0650
9:38:39 ANONYMOUS 71,000 0.0650
Asks
Price Size Broker Name Time of Order
0.0800 43,000 ANONYMOUS 5/29/2009 12:33:23
0.0800 100,000 SCOTIA 6/16/2009 9:15:56
0.0800 5,000 CIBC 6/19/2009 7:00:31
0.0900 30,000 TD SEC 5/2/2009 9:46:19
0.0900 55,000 CANACCORD 6/22/2009 8:00:22
0.0900 5,000 CIBC 6/22/2009 9:45:59
0.0950 20,000 TD SEC 6/16/2009 7:41:25
0.0950 20,000 TD SEC 6/16/2009 7:41:25
0.0950 30,000 TD SEC 6/16/2009 7:41:25
0.1000 23,000 BMO NESBITT 6/16/2009 7:54:39
Erin Acquires Santa Rosa Gold Mine
ERIN VENTURES INC EV
10/26/2009 12:15:00 PM
VICTORIA, Oct. 26, 2009 (Canada NewsWire via COMTEX News Network) --
Erin Ventures Inc. (TSX-Venture: EV) is pleased to report that it has entered into an agreement to purchase majority control of the assets of the Santa Rosa Gold Mine in Panama.
The Santa Rosa Mine was opened for commercial production by Greenstone Resources Ltd. in 1996 and operated through 1998. Gold production at Santa Rosa during this period totaled 109,002 ounces at an average cash operating cost of approximately US$285 per ounce. Greenstone's production facilities were designed to operate at a capacity of 60,000 ounces per year using standard open pit mining methods and heap leach processing methods.
A combination of low gold prices, a substantial debt load, and multiple underperforming projects, resulted in the orderly shutdown of the Santa Rosa Mine early in 1999 and the eventual bankruptcy of Greenstone.
At shutdown, Greenstone calculated the remaining resource in place at Santa Rosa to be in excess of 900,000 ounces of gold at a grade averaging approximately 1.3 grams per tonne, using a gold price of $350 per ounce.
<<
The main terms of the agreement are as follows:
1. Erin in conjunction with Pageland Minerals Ltd agree to collectively
purchase 100% of the assets of the Santa Rosa Mine, including the
land title, mineral rights, buildings, equipment and historic
exploration and production data from Canazas Mining Company, a
Panamanian Corporation comprised of former workers at the Santa Rosa
Mine, for a total of US$1,550,000.
2. Erin will retain an undivided 75% interest and Pageland will retain
an undivided 25% interest in the Santa Rosa Mine, with each partner
responsible for their prorata share of the purchase price and the
payments and expenditures going forward.
3. Erin shall act as operator of the mine.
4. A US$75,000 down payment was made to Canazas at the time of signing
of the agreement.
5. A second payment of $75,000 is due upon the completion of transfer
of land title at Santa Rosa.
6. US$500,000 becomes due and payable when the mineral rights and
mining permits associated with the Santa Rosa Mine have been
reestablished by the Panamanian government and granted exclusively
to Canazas.
7. A second payment of US$500,000 is payable 90 days after the first
payment of $500,000.
8. A final payment of US $400,000 is payable 180 days after the first
payment of $500,000.
9. Canazas will receive the 10% of the net profits of the operations of
Santa Rosa Mine. Net profits are defined as gross revenues less
direct and indirect operating, recovery, mining and smelting costs,
general and administrative expenses, interest, taxes and royalties
and all other expenses relating to operating of Santa Rosa Mine.
10. Erin agrees to transfer title to the land back to Canazas when
mining operations are complete.
>>
Erin intends to use a due diligence period to advance the project to a NI-43-101 compliant resource, and to develop plans to bring the project back into production, building on Greenstone's historic production.
Erin intends to pay a finder fee in connection with this transaction of 1,000,000 shares, subject to TSX approval.
The following are excerpts from Greenstone Resources Form 20F, filed with the US Securities and Exchange Commission and SEDAR on June 29, 1999 for the fiscal year ended December 31, 1998 and on May 20, 1998 for the fiscal year ended December 31, 1997. These historic resource calculations were prepared to the existing professional standards of the time and are thought to represent a reasonable estimation of the available gold resources, based on a $350 gold price and existing drill hole information. The resource is presented for information only and Erin must develop a NI-43-101 compliant resource.
Description of Property - Santa Rosa Mine
The Santa Rosa gold deposit is located near the village of Canazas in Veraguas Province, Panama, approximately 300 kilometres southwest of Panama City. Access to the site is via paved road from the paved Pan American Highway. These roads are suitable for the transportation of major project components. Canazas itself is 15 kilometres north of the Pan American Highway and 300 kilometres southwest of Panama City. The Santa Rosa project (the "Santa Rosa Mine") has two components: the Santa Rosa deposit and the Alto de la Mina ("ADLM") deposit. Project feasibility was completed in October 1993 for gold production using heap leach methods on the ore produced by open pit mining methods. Construction of the project occurred during 1994 and 1995. Commercial production at Santa Rosa was achieved in the second quarter of 1996.
<<
Santa Rosa Mine
Resources as of December 31, 1998
-------------------------------------------------------------------------
Tonnes Grade Contained
(000s) (gm/tonne) gold
ounces (000s)
-------------------------------------------------------------------------
Measured and Indicated Resources
-------------------------------------------------------------------------
Santa Rosa 9,038 1.30 378
-------------------------------------------------------------------------
Alta de la Mina 3,690 1.98 236
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Inferred Resources
-------------------------------------------------------------------------
Santa Rosa 5,819 1.25 234
-------------------------------------------------------------------------
Alta de la Mina 1,166 1.53 57
-------------------------------------------------------------------------
Total Resources 19,713 905
-------------------------------------------------------------------------
>>
(Due to closure of Santa Rosa Mine in February 1999, all reserve figures were changed to a mineral resource inventory.)
The mine's site elevation varies from 175 metres to 300 metres above sea level, and the topography is composed of rolling hills. The climate is tropical with almost 70% of the annual 2,800 millimetres of rainfall occurring between September and November. The Santa Rosa Mine has been designed and constructed and modified to minimize the impact of this rainfall on operations.
Gold mineralization at the Santa Rosa Mine is associated with conjugate northeast trending structures and north-south trending extensional fractures within a complex of terrestrial and marine volcanics in an island arc depositional environment. The epithermal gold bearing fluids migrated through competent and impervious mafic agglomerates and lapilli tuffs along relatively narrow northeast trending conduit zones within multi-stage, banded, extensional, sheeted and generally north-south trending quartz veins. When the fluids reached overlying felsic tuffs and sediments, increased permeability and porosity within those units enabled the gold bearing fluids to "blossom" and permeate available wall rocks.
At the Santa Rosa Mine at least two permeable and porous zones have been pervasively mineralized. The ADLM deposit and the Santa Rosa D Zone deposit appear to represent an upper mineralized unit and the Santa Rosa deposit's A, B and C Zones (sometimes referred to collectively as the "Main Zone") of mineralization appear to represent a second, lower mineralized unit.
The upper and lower ore bodies were once discrete but contiguous and have been subsequently offset by multiple northwest trending strike-slip structures into the present configuration of deposits."
<<
On behalf of the Board of Directors,
Blake Fallis, General Manager
* NOTE: All historic information contained in this release is extracted
and compiled from Form 20Fs, Annual Reports, Audited Financial
Statements, news releases, and other filings made by Greenstone
Resources Ltd., and filed with Canadian and US securities
regulators from 1996 to 2000. Additional information on
Greenstone Resources Ltd and the Santa Rosa Mine is available
on SEDAR.
>>
The technical information in this release was prepared and approved by Dennis J. LaPoint, Registered Geologist in the State of North Carolina, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.
Cautionary Note: A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. As a result, Erin is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Erin is treating the historical reserves as historical resources and any economic information disclosed is considered outdated and not meant to imply any current economic viability.
<<
Erin's Public Quotations:
-------------------------
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) No. 82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
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 release contains forward looking statements. The words "believe,"
"expect," "feel," "plan," "anticipate," "project," "could," "should" and
other similar expressions generally identify forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-
looking statements. These forward-looking statements are subject to a
number of risks and uncertainties including, without limitation,
variations in estimated costs, the failure to discover or recover
economic grades of minerals, and the inability to raise the funds
necessary, changes in external market factors including commodity prices,
and other risks and uncertainties. Actual results could differ materially
from the results referred to in the forward-looking statements.
-------------------------------------------------------------------------
SOURCE: Erin Ventures Inc.
Erin Ventures Inc., Blake Fallis, General Manager, Phone: (250) 384-1999 or 1-888-289-3746, www.erinventures.com
Copyright (C) 2009 CNW Group. All rights reserved.
ERIN VENTURES INC EV
10/26/2009 12:15:00 PM
VICTORIA, Oct. 26, 2009 (Canada NewsWire via COMTEX News Network) --
Erin Ventures Inc. (TSX-Venture: EV) is pleased to report that it has entered into an agreement to purchase majority control of the assets of the Santa Rosa Gold Mine in Panama.
The Santa Rosa Mine was opened for commercial production by Greenstone Resources Ltd. in 1996 and operated through 1998. Gold production at Santa Rosa during this period totaled 109,002 ounces at an average cash operating cost of approximately US$285 per ounce. Greenstone's production facilities were designed to operate at a capacity of 60,000 ounces per year using standard open pit mining methods and heap leach processing methods.
A combination of low gold prices, a substantial debt load, and multiple underperforming projects, resulted in the orderly shutdown of the Santa Rosa Mine early in 1999 and the eventual bankruptcy of Greenstone.
At shutdown, Greenstone calculated the remaining resource in place at Santa Rosa to be in excess of 900,000 ounces of gold at a grade averaging approximately 1.3 grams per tonne, using a gold price of $350 per ounce.
<<
The main terms of the agreement are as follows:
1. Erin in conjunction with Pageland Minerals Ltd agree to collectively
purchase 100% of the assets of the Santa Rosa Mine, including the
land title, mineral rights, buildings, equipment and historic
exploration and production data from Canazas Mining Company, a
Panamanian Corporation comprised of former workers at the Santa Rosa
Mine, for a total of US$1,550,000.
2. Erin will retain an undivided 75% interest and Pageland will retain
an undivided 25% interest in the Santa Rosa Mine, with each partner
responsible for their prorata share of the purchase price and the
payments and expenditures going forward.
3. Erin shall act as operator of the mine.
4. A US$75,000 down payment was made to Canazas at the time of signing
of the agreement.
5. A second payment of $75,000 is due upon the completion of transfer
of land title at Santa Rosa.
6. US$500,000 becomes due and payable when the mineral rights and
mining permits associated with the Santa Rosa Mine have been
reestablished by the Panamanian government and granted exclusively
to Canazas.
7. A second payment of US$500,000 is payable 90 days after the first
payment of $500,000.
8. A final payment of US $400,000 is payable 180 days after the first
payment of $500,000.
9. Canazas will receive the 10% of the net profits of the operations of
Santa Rosa Mine. Net profits are defined as gross revenues less
direct and indirect operating, recovery, mining and smelting costs,
general and administrative expenses, interest, taxes and royalties
and all other expenses relating to operating of Santa Rosa Mine.
10. Erin agrees to transfer title to the land back to Canazas when
mining operations are complete.
>>
Erin intends to use a due diligence period to advance the project to a NI-43-101 compliant resource, and to develop plans to bring the project back into production, building on Greenstone's historic production.
Erin intends to pay a finder fee in connection with this transaction of 1,000,000 shares, subject to TSX approval.
The following are excerpts from Greenstone Resources Form 20F, filed with the US Securities and Exchange Commission and SEDAR on June 29, 1999 for the fiscal year ended December 31, 1998 and on May 20, 1998 for the fiscal year ended December 31, 1997. These historic resource calculations were prepared to the existing professional standards of the time and are thought to represent a reasonable estimation of the available gold resources, based on a $350 gold price and existing drill hole information. The resource is presented for information only and Erin must develop a NI-43-101 compliant resource.
Description of Property - Santa Rosa Mine
The Santa Rosa gold deposit is located near the village of Canazas in Veraguas Province, Panama, approximately 300 kilometres southwest of Panama City. Access to the site is via paved road from the paved Pan American Highway. These roads are suitable for the transportation of major project components. Canazas itself is 15 kilometres north of the Pan American Highway and 300 kilometres southwest of Panama City. The Santa Rosa project (the "Santa Rosa Mine") has two components: the Santa Rosa deposit and the Alto de la Mina ("ADLM") deposit. Project feasibility was completed in October 1993 for gold production using heap leach methods on the ore produced by open pit mining methods. Construction of the project occurred during 1994 and 1995. Commercial production at Santa Rosa was achieved in the second quarter of 1996.
<<
Santa Rosa Mine
Resources as of December 31, 1998
-------------------------------------------------------------------------
Tonnes Grade Contained
(000s) (gm/tonne) gold
ounces (000s)
-------------------------------------------------------------------------
Measured and Indicated Resources
-------------------------------------------------------------------------
Santa Rosa 9,038 1.30 378
-------------------------------------------------------------------------
Alta de la Mina 3,690 1.98 236
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Inferred Resources
-------------------------------------------------------------------------
Santa Rosa 5,819 1.25 234
-------------------------------------------------------------------------
Alta de la Mina 1,166 1.53 57
-------------------------------------------------------------------------
Total Resources 19,713 905
-------------------------------------------------------------------------
>>
(Due to closure of Santa Rosa Mine in February 1999, all reserve figures were changed to a mineral resource inventory.)
The mine's site elevation varies from 175 metres to 300 metres above sea level, and the topography is composed of rolling hills. The climate is tropical with almost 70% of the annual 2,800 millimetres of rainfall occurring between September and November. The Santa Rosa Mine has been designed and constructed and modified to minimize the impact of this rainfall on operations.
Gold mineralization at the Santa Rosa Mine is associated with conjugate northeast trending structures and north-south trending extensional fractures within a complex of terrestrial and marine volcanics in an island arc depositional environment. The epithermal gold bearing fluids migrated through competent and impervious mafic agglomerates and lapilli tuffs along relatively narrow northeast trending conduit zones within multi-stage, banded, extensional, sheeted and generally north-south trending quartz veins. When the fluids reached overlying felsic tuffs and sediments, increased permeability and porosity within those units enabled the gold bearing fluids to "blossom" and permeate available wall rocks.
At the Santa Rosa Mine at least two permeable and porous zones have been pervasively mineralized. The ADLM deposit and the Santa Rosa D Zone deposit appear to represent an upper mineralized unit and the Santa Rosa deposit's A, B and C Zones (sometimes referred to collectively as the "Main Zone") of mineralization appear to represent a second, lower mineralized unit.
The upper and lower ore bodies were once discrete but contiguous and have been subsequently offset by multiple northwest trending strike-slip structures into the present configuration of deposits."
<<
On behalf of the Board of Directors,
Blake Fallis, General Manager
* NOTE: All historic information contained in this release is extracted
and compiled from Form 20Fs, Annual Reports, Audited Financial
Statements, news releases, and other filings made by Greenstone
Resources Ltd., and filed with Canadian and US securities
regulators from 1996 to 2000. Additional information on
Greenstone Resources Ltd and the Santa Rosa Mine is available
on SEDAR.
>>
The technical information in this release was prepared and approved by Dennis J. LaPoint, Registered Geologist in the State of North Carolina, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.
Cautionary Note: A qualified person has not done sufficient work to classify the historical estimate as current mineral resources. As a result, Erin is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon. Erin is treating the historical reserves as historical resources and any economic information disclosed is considered outdated and not meant to imply any current economic viability.
<<
Erin's Public Quotations:
-------------------------
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) No. 82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
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 release contains forward looking statements. The words "believe,"
"expect," "feel," "plan," "anticipate," "project," "could," "should" and
other similar expressions generally identify forward-looking statements.
Readers are cautioned not to place undue reliance on these forward-
looking statements. These forward-looking statements are subject to a
number of risks and uncertainties including, without limitation,
variations in estimated costs, the failure to discover or recover
economic grades of minerals, and the inability to raise the funds
necessary, changes in external market factors including commodity prices,
and other risks and uncertainties. Actual results could differ materially
from the results referred to in the forward-looking statements.
-------------------------------------------------------------------------
SOURCE: Erin Ventures Inc.
Erin Ventures Inc., Blake Fallis, General Manager, Phone: (250) 384-1999 or 1-888-289-3746, www.erinventures.com
Copyright (C) 2009 CNW Group. All rights reserved.
Trading Spotlight
Erin unit wins exclusive Serbian licence
Ticker Symbol: C:EV -- Erin Ventures Inc
Shares Issued 96,843,676
Last Close 11/27/2009 $0.075
Monday November 30 2009 - News Release
Mr. Blake Fallis reports
SERBIA GRANTS ERIN EXPLORATION LICENSE FOR GOLD PROPERTY
Erin Ventures Inc.'s wholly owned subsidiary, Balkan Gold, has received an exclusive exploration licence, from the Serbian Ministry of Mining, for the Volujski Kljuc (VK) alluvial gold deposit in Serbia.
This license results directly from the ongoing discussions between Erin and the Serb government regarding the settlement of a dispute between Erin and a previous Serbian government, who granted a concession to exploit the Piskanja boron deposits to a third party, in spite of direct knowledge of Erin's contractual rights to these deposits (as previously reported by Erin in its news release dated June 22, 2009). Erin submitted a proposal to the Minister of Mining that included several mining projects in Serbia that Erin may have an interest in pursuing including, but not limited to, the Piskanja boron property. The VK gold deposit is among the projects of interest to Erin that was submitted to the government. Meetings between Erin and the Serb authorities are scheduled over the next several days to continue discussions on the possible reinstatement of Erin's rights to Piskanja, and other projects that Erin is interested in developing.
The VK exploration license covers approximately 24.4 square kilometres, and can be converted to an exploitation license exclusively by Erin on completion of Erin's exploration program. Planning is currently underway, with exploration targeted to commence in the first quarter of 2010. The exploration program will consist of both drilling and bulk sampling to confirm the accuracy of previous drill results and to define the physical parameters required for mechanical mining of the deposit.
"Examination of the drill data for the Volujski Kljuc deposit clearly shows that it is a massive low grade alluvial gold deposit that includes a higher grade zone that should be mineable. In all, only 2 square kilometres area of VK has been explored to date" commented Jim Wallis, chief mining engineer for Erin.
The technical information in this release was prepared by James E Wallis, M.Sc. (Eng), P. Eng. a consultant to the Corporation, who is a Qualified Person under National Instrument 43-101.
� 2009 Canjex Publishing Ltd.
Ticker Symbol: C:EV -- Erin Ventures Inc
Shares Issued 96,843,676
Last Close 11/27/2009 $0.075
Monday November 30 2009 - News Release
Mr. Blake Fallis reports
SERBIA GRANTS ERIN EXPLORATION LICENSE FOR GOLD PROPERTY
Erin Ventures Inc.'s wholly owned subsidiary, Balkan Gold, has received an exclusive exploration licence, from the Serbian Ministry of Mining, for the Volujski Kljuc (VK) alluvial gold deposit in Serbia.
This license results directly from the ongoing discussions between Erin and the Serb government regarding the settlement of a dispute between Erin and a previous Serbian government, who granted a concession to exploit the Piskanja boron deposits to a third party, in spite of direct knowledge of Erin's contractual rights to these deposits (as previously reported by Erin in its news release dated June 22, 2009). Erin submitted a proposal to the Minister of Mining that included several mining projects in Serbia that Erin may have an interest in pursuing including, but not limited to, the Piskanja boron property. The VK gold deposit is among the projects of interest to Erin that was submitted to the government. Meetings between Erin and the Serb authorities are scheduled over the next several days to continue discussions on the possible reinstatement of Erin's rights to Piskanja, and other projects that Erin is interested in developing.
The VK exploration license covers approximately 24.4 square kilometres, and can be converted to an exploitation license exclusively by Erin on completion of Erin's exploration program. Planning is currently underway, with exploration targeted to commence in the first quarter of 2010. The exploration program will consist of both drilling and bulk sampling to confirm the accuracy of previous drill results and to define the physical parameters required for mechanical mining of the deposit.
"Examination of the drill data for the Volujski Kljuc deposit clearly shows that it is a massive low grade alluvial gold deposit that includes a higher grade zone that should be mineable. In all, only 2 square kilometres area of VK has been explored to date" commented Jim Wallis, chief mining engineer for Erin.
The technical information in this release was prepared by James E Wallis, M.Sc. (Eng), P. Eng. a consultant to the Corporation, who is a Qualified Person under National Instrument 43-101.
� 2009 Canjex Publishing Ltd.
Antwort auf Beitrag Nr.: 38.499.154 von kaliho am 03.12.09 03:00:19
Die Meldung ist ja bereits vom 30.11...und dann schiebt man ein PP hinterher zu 0.05$ bei einem Kurs von 0.11$, dazu noch mit Warrants à 0.10$...naja
Die Meldung ist ja bereits vom 30.11...und dann schiebt man ein PP hinterher zu 0.05$ bei einem Kurs von 0.11$, dazu noch mit Warrants à 0.10$...naja
Für eine aktuelle Diskussion enthistorisiert.
PRICE CHANGE % CHANGE VOLUME DAY HIGH/LOW 52 WEEK HIGH/LOW
0.145 +0.04 +38.10% 2,402,735 0.155/0.11 0.155/0.04
0.145 +0.04 +38.10% 2,402,735 0.155/0.11 0.155/0.04
PRICE CHANGE % CHANGE VOLUME DAY HIGH/LOW 52 WEEK HIGH/LOW
0.15 +0.02 +15.38% 550,450 0.15/0.135 0.155/0.055
0.15 +0.02 +15.38% 550,450 0.15/0.135 0.155/0.055
Erin Ventures closes $1.65-million private placement
2010-11-30 12:44 ET - News Release
Mr. Blake Fallis reports
ERIN ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Erin Ventures Inc. has fully subscribed its private placement of 16.5million units at a price of 10 cents per unit for total proceeds of upto $1.65-million. Each unit consists of one common share and onewarrant, with each warrant entitling the holder to purchase one commonshare at a price of 15 cents per share in the first year and a price of25 cents per share in the second year.
The proceeds of this placement will be used for working capital purposes and to finance exploration activities.
Finder's fees of $144,835 will be paid to registered brokers respecting this placement.
The securities issued in this placement will be subject to a four-month hold period.
Closing of this placement is subject only to TSX Venture Exchange approval.
2010-11-30 12:44 ET - News Release
Mr. Blake Fallis reports
ERIN ANNOUNCES COMPLETION OF PRIVATE PLACEMENT
Erin Ventures Inc. has fully subscribed its private placement of 16.5million units at a price of 10 cents per unit for total proceeds of upto $1.65-million. Each unit consists of one common share and onewarrant, with each warrant entitling the holder to purchase one commonshare at a price of 15 cents per share in the first year and a price of25 cents per share in the second year.
The proceeds of this placement will be used for working capital purposes and to finance exploration activities.
Finder's fees of $144,835 will be paid to registered brokers respecting this placement.
The securities issued in this placement will be subject to a four-month hold period.
Closing of this placement is subject only to TSX Venture Exchange approval.
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
Serbian Boron Project Update
December 7, 2010
Erin Ventures Inc. [TSX-Venture: EV] announces the following update
regarding Erin’s Piskanja boron project in Serbia:
Acquisition, compilation and reinterpretation of the entire historical
exploration data base of the Piskanja boron deposit is currently underway by
Erin’s geological team. Three separate exploration programs have been
conducted at Piskanja since the 1980s: a program of 21 diamond core drill
holes concluded in 1991, totaling 6,500 meters, conducted by the Geological
Institute of Serbia on behalf of the Serbian government; a 10 RC hole drill
program completed by Erin Ventures in 1998 totaling 3,300 meters, and; a 14
diamond drill hole exploration program of 6,400 meters completed in 2009 by
Rio Tinto’s Serbian subsidiary.
When analysis of the historical data is complete, Erin intends to proceed
with the next phase of drilling on the Piskanja deposit, with the goal of
establishing a NI43-101 compliant resource, by conducting in-fill drilling
and the twinning of certain of the historical holes, along with step-out
drilling in an attempt to expand the known size of the resource. This
drilling will form the base for a scoping study on developing a plan for
mining the deposit. Engineering, geohydrology, and environmental studies
will be completed in conjunction with this drilling. It is anticipated that
this next phase will commence during the first quarter of 2011, depending on
drill availability.
As part of its overall development strategy at Piskanja, Erin’s management
recently hosted a due diligence site visit with the management of a company
who is a significant participant in the boron market. These discussions are
exploring the possibility of developing a long-term strategic alliance
regarding the exploitation of the Piskanja deposit. Erin’s management
anticipates meetings with additional potential strategic partners, in an
attempt to secure the most advantageous alliance possible.
The historical data, prepared to standards of the Serbian government, states
that the Piskanja property has a historical resource estimate of
approximately 7.5 million tonnes, averaging 36 - 39 per cent B2O3 (boron).
The Piskanja deposit has the potential of hosting additional significant
borate tonnage beyond the historical estimate, based on initial review of
the historical drill information and assay data showing other zones of
possible borate mineralization. A Qualified Person has not done sufficient
work to classify the historical estimate as a current mineral resource. Erin
is not treating the historical estimate as current mineral resources and the
historical estimate should not be relied upon.
It has been ascertained that the boron at Piskanja is primarily colemanite
and ulexite. Colemanite currently sells on the world market for approx.
US$280/ton, based on a boron content of 40% (approx. the purity found at
Piskanja). Ulexite currently sells on the world market for approx.
US$500/ton, based on a boron content of 40% (approx. the purity found at
Piskanja).
Piskanja is located in a historical mining region that has good
infrastructure for mining including roads, rail, electric power, experienced
miners, support services, etc., 250 km south of Belgrade, Serbia by good
paved roads.
About boron
à Boron is a critically important industrial mineral. World production
of boron minerals reached an estimated 4.35 million metric tons in 2008.
à Market prices reflect the relative scarcity of borates with prices
averaging: US$280/t for colemanite concentrate (40-42 percent B2O3);
US$500/t for ulexite (40 percent B2O3); US$550/t for boric acid; and
US$50/kg for anhydrous borax.
à Consumption of borates used in high-technical applications is
expected to increase by 10% in North America and 13% in Europe by 2012.
China is the largest consumer of boron, where consumption has risen by 15
percent per year from 2000 to 2010.
à Borate minerals and refined borate products are used extensively
worldwide in the manufacture of vitreous products such as fiberglass
insulation, textile fiberglass, borosilicate glass (e.g. LCD screens),
ceramic glazes and porcelain enamels. These applications account for
approximately 60 per cent of borate consumption, with detergents, fire
retardants, metallurgy, agriculture, insecticides, wood preservatives and
specialty products accounting for the remainder.
Source: US Geological Survey, Report on Boron - 2008.
On behalf of the Board of Directors,
Blake Fallis, General Manager
The technical information in this release was prepared and approved by
Dennis J. LaPoint, Registered Geologist in the State of North Carolina, a
director of the Corporation, who is a Qualified Person under National
Instrument 43-101.
For further information, please contact:
Erin’s Public Quotations:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture:
EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com SEC
12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock
Exchange: EKV
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
NEWS RELEASE - For Immediate Distribution
Serbian Boron Project Update
December 7, 2010
Erin Ventures Inc. [TSX-Venture: EV] announces the following update
regarding Erin’s Piskanja boron project in Serbia:
Acquisition, compilation and reinterpretation of the entire historical
exploration data base of the Piskanja boron deposit is currently underway by
Erin’s geological team. Three separate exploration programs have been
conducted at Piskanja since the 1980s: a program of 21 diamond core drill
holes concluded in 1991, totaling 6,500 meters, conducted by the Geological
Institute of Serbia on behalf of the Serbian government; a 10 RC hole drill
program completed by Erin Ventures in 1998 totaling 3,300 meters, and; a 14
diamond drill hole exploration program of 6,400 meters completed in 2009 by
Rio Tinto’s Serbian subsidiary.
When analysis of the historical data is complete, Erin intends to proceed
with the next phase of drilling on the Piskanja deposit, with the goal of
establishing a NI43-101 compliant resource, by conducting in-fill drilling
and the twinning of certain of the historical holes, along with step-out
drilling in an attempt to expand the known size of the resource. This
drilling will form the base for a scoping study on developing a plan for
mining the deposit. Engineering, geohydrology, and environmental studies
will be completed in conjunction with this drilling. It is anticipated that
this next phase will commence during the first quarter of 2011, depending on
drill availability.
As part of its overall development strategy at Piskanja, Erin’s management
recently hosted a due diligence site visit with the management of a company
who is a significant participant in the boron market. These discussions are
exploring the possibility of developing a long-term strategic alliance
regarding the exploitation of the Piskanja deposit. Erin’s management
anticipates meetings with additional potential strategic partners, in an
attempt to secure the most advantageous alliance possible.
The historical data, prepared to standards of the Serbian government, states
that the Piskanja property has a historical resource estimate of
approximately 7.5 million tonnes, averaging 36 - 39 per cent B2O3 (boron).
The Piskanja deposit has the potential of hosting additional significant
borate tonnage beyond the historical estimate, based on initial review of
the historical drill information and assay data showing other zones of
possible borate mineralization. A Qualified Person has not done sufficient
work to classify the historical estimate as a current mineral resource. Erin
is not treating the historical estimate as current mineral resources and the
historical estimate should not be relied upon.
It has been ascertained that the boron at Piskanja is primarily colemanite
and ulexite. Colemanite currently sells on the world market for approx.
US$280/ton, based on a boron content of 40% (approx. the purity found at
Piskanja). Ulexite currently sells on the world market for approx.
US$500/ton, based on a boron content of 40% (approx. the purity found at
Piskanja).
Piskanja is located in a historical mining region that has good
infrastructure for mining including roads, rail, electric power, experienced
miners, support services, etc., 250 km south of Belgrade, Serbia by good
paved roads.
About boron
à Boron is a critically important industrial mineral. World production
of boron minerals reached an estimated 4.35 million metric tons in 2008.
à Market prices reflect the relative scarcity of borates with prices
averaging: US$280/t for colemanite concentrate (40-42 percent B2O3);
US$500/t for ulexite (40 percent B2O3); US$550/t for boric acid; and
US$50/kg for anhydrous borax.
à Consumption of borates used in high-technical applications is
expected to increase by 10% in North America and 13% in Europe by 2012.
China is the largest consumer of boron, where consumption has risen by 15
percent per year from 2000 to 2010.
à Borate minerals and refined borate products are used extensively
worldwide in the manufacture of vitreous products such as fiberglass
insulation, textile fiberglass, borosilicate glass (e.g. LCD screens),
ceramic glazes and porcelain enamels. These applications account for
approximately 60 per cent of borate consumption, with detergents, fire
retardants, metallurgy, agriculture, insecticides, wood preservatives and
specialty products accounting for the remainder.
Source: US Geological Survey, Report on Boron - 2008.
On behalf of the Board of Directors,
Blake Fallis, General Manager
The technical information in this release was prepared and approved by
Dennis J. LaPoint, Registered Geologist in the State of North Carolina, a
director of the Corporation, who is a Qualified Person under National
Instrument 43-101.
For further information, please contact:
Erin’s Public Quotations:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture:
EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com SEC
12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock
Exchange: EKV
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
http://www.rohstoff-spiegel.de/abo_count.php?url=rs_2011-03.… (2,0 MB)" target="_blank" rel="nofollow ugc noopener">http://www.rohstoff-spiegel.de/abo_count.php?url=rs_2011-03.… (2,0 MB)
Der Wert wird in der heutigen Ausgabe von -www.rohstoff-spiegel.de - besprochen.
scheint interessant zu werden - läüngrfristig.
Urpferdchen
scheint interessant zu werden - läüngrfristig.
Urpferdchen
bin dank dem Artikel im rohstoff-spiegel eingestiegen. Ein intressanter Titel... wird wohl Geduld brauchen... könnte aber was werden 
Antwort auf Beitrag Nr.: 41.029.246 von bvasel am 12.02.11 12:41:47ja, man sollte geduld haben.
ich habe schon vor 2 jahren 300.000 zu je ,035 gekauft. damals wollte niemand etwas von EV wissen.
abwarten!!
ich habe schon vor 2 jahren 300.000 zu je ,035 gekauft. damals wollte niemand etwas von EV wissen.
abwarten!!
ab wann kann man mit News von Seiten von EV rechnen?
ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
ERIN VENTURES REPORTS ON COMPLETION OF NI 43-101 TECHNICAL REPORT ON DEEP RIVER PROJECT, NORTH CAROLINA
INFERRED GOLD RESOURCE OF OVER 700,000 OUNCES DETERMINED
AND REMAINS OPEN IN ALL DIRECTIONS AND AT DEPTH
February 28, 2011
Erin Ventures Inc. (TSX-Venture: EV) is pleased to announce the completion of a technical report for the Deep River gold exploration prospect in Randolph and Moore Counties in North Carolina. The project is within the same gold belt as Romarco Minerals Haile Gold Mine feasibility and Revolution Resources Corporation recent exploration news.
The report, entitled “DEEP RIVER GOLD PROSPECT, Moore and Randolph Counties, North Carolina, USA” was prepared by consulting minerals geologist and Qualified Person Dr. Richard C. Capps at the request of Erin Ventures, Inc. The technical report is written in compliance with disclosure and reporting requirements set forth in the Canadian Securities Administrator’s National Instrument 43-101, Companion Policy 43-101CP, and form 43-101F1. The report presents the results of historic exploration on the prospect. The prospect area is located in central North Carolina about 60 straight-line miles southeast of Raleigh, North Carolina. In combined total, Noranda, Cyprus, Goldleaf, and Erin Ventures have spent over $2,000,000 USD on gold exploration at the Deep River prospect. This includes over $600,000 USD spent in 2009 on 12 vertical core holes (DRC-2007-01 through DRC-2007-12) drilled by Erin Ventures, Inc. which are the basis of the reported inferred gold resource by Dr. Capps.
Dr. Capps has calculated an inferred gold resource of 708,000 ounces at a grade of 0.012 ounces per ton and 59 million tons of ore material.
All verified Erin core drill hole data was used in the gold grade estimation. A secure Microsoft Access database was used by Rockworks modeling software to calculate grades directly from the database. Assays are reported in the database in parts per billion (“ppb”) and are converted to troy ounces per short ton (“opt”). The drill hole spacing ranged from about 35 meters to over 135 meters but was generally on nominal 70 meter centers. All drill holes used in the estimate are vertical. The drilling was focused in an area with a north-northwest trend that is approximately 335 meters long and 300 meters wide.
The Deep River database assays range up to 5,170 ppb and the overall average is 204 ppb. Most assays are between 340 ppb (0.01 opt) and 680 ppb (0.02 opt) and assays in this range most nearly represent a normal distribution for the current database and are used as lower and upper cutoffs for this estimate. The grade range between 0.01 opt and 0.02 opt includes samples that most nearly represent a normal distribution of the gold values and excludes high-grade samples mostly more than one standard deviation unit outside the population. The mean for this 340 ppb to 680 ppb distribution is 420 ppb (0.012 opt) and is used in the current technical report as an estimate of grade.
Gold mineralization is not closed in any direction including depth and advanced exploration is recommended by the report. A drilling program is recommended which includes 26,000 feet for diamond core drilling. The drilling program should include:
fill-in core holes to demonstrate continuity and to upgrade the inferred resource estimate presented in this current technical report
core holes should be drilled along trend to extend the shallow inferred resource, and
angle holes should be drilled across mineralized trends to test for continuity of mineralization between these widely spaced holes and to potentially increase grade by intersecting high-angle structures missed by vertical drilling.
The total recommended exploration budget is $1,812,800 USD.
According to Dr. Capps “The Deep River Prospect is a Project of Merit and further exploration is needed to evaluate this mineralizing system.”
Detailed logging of exploration drill holes and geologic mapping identifies as least five centers of higher grade gold mineralization which show strong geologic, textural, and mineralogical evidence of early acid-sulfate and possible high-sulfidation alteration and intense leaching; including the formation of large pyrophyllite bodies. The early alteration was overprinted by lower temperature and lower-sulfidation gold mineralization and related alteration in near vertical structurally controlled zones containing ferruginous, locally vuggy hydrothermal breccias, adjacent overpressure brecciation (crackle-breccia stockworks), and stratiform disseminations into mostly felsic volcanic rocks. This generally north-northwest-striking trend of alteration and mineralization is centered on outcrops of mostly intensely silicified porphyritic metadacite hypabbysal intrusive dikes, domes and flows, and cogenetic fragmental volcanic rocks. The intrusives dikes and domes cut the surrounding metavolcanic and volcaniclastic metasedimentary rocks and mineralization and alteration are centered on these intrusives.
The Deep River prospect has no recorded gold production but a few shallow prospects are evidence of historic exploration in the area. Modern exploration began in 1989 by Noranda Exploration and consisted of stream sediment sampling followed up by extensive shallow soil sampling, trenching across anomalous soil trends, airborne geophysical surveys and saprolite, core and rotary drilling through 1991. Later, through agreements with Appalachian Resources LLC, Cyprus (1993 to 1994) and Goldleaf (1997) also conducted limited exploration but no drilling. The Project was placed in Triangle Minerals LLC, and in 2009, through Agreement with Erin Ventures, an additional $619,000 USD in direct exploration costs was spent, including 12 vertical core holes by Erin Ventures. Historic exploration drilling by Noranda includes 9 core holes totaling 2,546 feet, 20 saprolite borings totaling 1,790 feet, and one 300-foot rotary water well drill hole.
Erin Ventures is very pleased with the conclusions of this report and is evaluating options to further develop and expand this inferred gold resource. A copy of the report has been filed on SEDAR and may be viewed at www.sedar.com.
On behalf of the Board of Directors,
Blake Fallis, General Manager
For further information, please contact: Erin’s Public Quotations:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
The technical information in this release was prepared and approved by Dennis LaPoint, Registered Geologist in the State of North Carolina, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.
NEWS RELEASE - For Immediate Distribution
ERIN VENTURES REPORTS ON COMPLETION OF NI 43-101 TECHNICAL REPORT ON DEEP RIVER PROJECT, NORTH CAROLINA
INFERRED GOLD RESOURCE OF OVER 700,000 OUNCES DETERMINED
AND REMAINS OPEN IN ALL DIRECTIONS AND AT DEPTH
February 28, 2011
Erin Ventures Inc. (TSX-Venture: EV) is pleased to announce the completion of a technical report for the Deep River gold exploration prospect in Randolph and Moore Counties in North Carolina. The project is within the same gold belt as Romarco Minerals Haile Gold Mine feasibility and Revolution Resources Corporation recent exploration news.
The report, entitled “DEEP RIVER GOLD PROSPECT, Moore and Randolph Counties, North Carolina, USA” was prepared by consulting minerals geologist and Qualified Person Dr. Richard C. Capps at the request of Erin Ventures, Inc. The technical report is written in compliance with disclosure and reporting requirements set forth in the Canadian Securities Administrator’s National Instrument 43-101, Companion Policy 43-101CP, and form 43-101F1. The report presents the results of historic exploration on the prospect. The prospect area is located in central North Carolina about 60 straight-line miles southeast of Raleigh, North Carolina. In combined total, Noranda, Cyprus, Goldleaf, and Erin Ventures have spent over $2,000,000 USD on gold exploration at the Deep River prospect. This includes over $600,000 USD spent in 2009 on 12 vertical core holes (DRC-2007-01 through DRC-2007-12) drilled by Erin Ventures, Inc. which are the basis of the reported inferred gold resource by Dr. Capps.
Dr. Capps has calculated an inferred gold resource of 708,000 ounces at a grade of 0.012 ounces per ton and 59 million tons of ore material.
All verified Erin core drill hole data was used in the gold grade estimation. A secure Microsoft Access database was used by Rockworks modeling software to calculate grades directly from the database. Assays are reported in the database in parts per billion (“ppb”) and are converted to troy ounces per short ton (“opt”). The drill hole spacing ranged from about 35 meters to over 135 meters but was generally on nominal 70 meter centers. All drill holes used in the estimate are vertical. The drilling was focused in an area with a north-northwest trend that is approximately 335 meters long and 300 meters wide.
The Deep River database assays range up to 5,170 ppb and the overall average is 204 ppb. Most assays are between 340 ppb (0.01 opt) and 680 ppb (0.02 opt) and assays in this range most nearly represent a normal distribution for the current database and are used as lower and upper cutoffs for this estimate. The grade range between 0.01 opt and 0.02 opt includes samples that most nearly represent a normal distribution of the gold values and excludes high-grade samples mostly more than one standard deviation unit outside the population. The mean for this 340 ppb to 680 ppb distribution is 420 ppb (0.012 opt) and is used in the current technical report as an estimate of grade.
Gold mineralization is not closed in any direction including depth and advanced exploration is recommended by the report. A drilling program is recommended which includes 26,000 feet for diamond core drilling. The drilling program should include:
fill-in core holes to demonstrate continuity and to upgrade the inferred resource estimate presented in this current technical report
core holes should be drilled along trend to extend the shallow inferred resource, and
angle holes should be drilled across mineralized trends to test for continuity of mineralization between these widely spaced holes and to potentially increase grade by intersecting high-angle structures missed by vertical drilling.
The total recommended exploration budget is $1,812,800 USD.
According to Dr. Capps “The Deep River Prospect is a Project of Merit and further exploration is needed to evaluate this mineralizing system.”
Detailed logging of exploration drill holes and geologic mapping identifies as least five centers of higher grade gold mineralization which show strong geologic, textural, and mineralogical evidence of early acid-sulfate and possible high-sulfidation alteration and intense leaching; including the formation of large pyrophyllite bodies. The early alteration was overprinted by lower temperature and lower-sulfidation gold mineralization and related alteration in near vertical structurally controlled zones containing ferruginous, locally vuggy hydrothermal breccias, adjacent overpressure brecciation (crackle-breccia stockworks), and stratiform disseminations into mostly felsic volcanic rocks. This generally north-northwest-striking trend of alteration and mineralization is centered on outcrops of mostly intensely silicified porphyritic metadacite hypabbysal intrusive dikes, domes and flows, and cogenetic fragmental volcanic rocks. The intrusives dikes and domes cut the surrounding metavolcanic and volcaniclastic metasedimentary rocks and mineralization and alteration are centered on these intrusives.
The Deep River prospect has no recorded gold production but a few shallow prospects are evidence of historic exploration in the area. Modern exploration began in 1989 by Noranda Exploration and consisted of stream sediment sampling followed up by extensive shallow soil sampling, trenching across anomalous soil trends, airborne geophysical surveys and saprolite, core and rotary drilling through 1991. Later, through agreements with Appalachian Resources LLC, Cyprus (1993 to 1994) and Goldleaf (1997) also conducted limited exploration but no drilling. The Project was placed in Triangle Minerals LLC, and in 2009, through Agreement with Erin Ventures, an additional $619,000 USD in direct exploration costs was spent, including 12 vertical core holes by Erin Ventures. Historic exploration drilling by Noranda includes 9 core holes totaling 2,546 feet, 20 saprolite borings totaling 1,790 feet, and one 300-foot rotary water well drill hole.
Erin Ventures is very pleased with the conclusions of this report and is evaluating options to further develop and expand this inferred gold resource. A copy of the report has been filed on SEDAR and may be viewed at www.sedar.com.
On behalf of the Board of Directors,
Blake Fallis, General Manager
For further information, please contact: Erin’s Public Quotations:
Erin Ventures Inc. Canada
Blake Fallis, General Manager TSX Venture: EV
Phone: 1-250- 384-1999 or 1-888-289-3746 USA
www.erinventures.com SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKV
The technical information in this release was prepared and approved by Dennis LaPoint, Registered Geologist in the State of North Carolina, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.
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ERIN VENTURES INC. (“Erin”)
NEWS RELEASE - For Immediate Distribution
STATUS OF EXPLORATION AT PISKANJA BORATE PROJECT, SERBIA
April 27, 2011
Erin Ventures Inc. (TSXV: EV) reports that exploration is well underway in preparation for a quality drilling program to develop a NI 43-101 qualified resource at the Piskanja borate project in Serbia. The intent is to initiate drilling in June of this year. The first phase of drilling will consist of approximately 5,000 metres of HQ size core drilling.
Unexpected delays in receiving certain historical exploration data and drill core from the Serbian authorities set back the drilling target date by three months from Erin's original plans. Erin has now received most known available historical exploration data, including copies of the results of historical drilling conducted by Ibar Mines (a Serbian government-owned company), Erin Ventures, and Rio Tinto, completed in three separate exploration programs over a twenty year period.
Currently, the following exploration related tasks are in progress, or have been completed:
à A secure Access database has been created for all prior data. The historical drilling by Ibar and some results from Erin Ventures still lack verifiable assay records to import. Erin is currently importing assay data from drill logs to assist in correlation and interpretation, but these results can not be reported as verifiable results.
à Relogging and interpretation of structure and sedimentary features of the Rio Tinto holes is in progress. Many sedimentary and structural features are being noted that are not recognized or described on the Rio Tinto logs, but will be critical in planning a drilling program to be used in mine planning and correlation of ore zones. Structural controls are very critical. Relogging should also verify the Rio Tinto log descriptions and sampling intervals.
à Studies have been initiated or are planned using experienced Serbian geologists from the Mineral Institute and University in Serbia on the geohydrology of the basin and geotechnical planning of the drilling program, as well as economic factors. When drilling, selected drill holes will be converted to water monitoring holes. The intent is to proactively address anticipated issues now so that Erin Ventures can rapidly move towards mine development.
à The Serbian Petroleum Industry is developing a proposal for a shallow seismic and resistivity survey to better plan drilling and mine development.
à In May, new cross sections and 3-D models will be prepared based on the relogging and database of historic drilling to develop an interpretation of the borate mineralization and develop the initial drilling program.
à An initial 5000 metre drill program is planned. Drilling will then continue with adjustments being made in hole locations and the possible need for angle holes.
à Written procedures are being prepared to meet NI 43-101 standards in drilling, sampling and QA/QC.
à Erin Ventures is developing community and government relations with the assistance of Ibar Mines. Erin is also developing a strong Serbian team of advisors from the Mineral Institute and University to aid in the program and to strengthen its Serbian ties. Several theses are expected to be prepared on the deposit including one dissertation.
à Safety, social and environmental concerns are being evaluated both in-house and with the government agencies.
à Surface access leases required for drilling are starting, aided by Ibar Mines.
à Meetings have been held with government agencies to insure that all permitting issues are addressed.
à Discussions and planning are in progress with drilling contractors, analytical labs and independent consulting groups that would verify quality of work to NI 43-101 standards and prepare an independent report.
A cooperative team composed of four experienced Serbian geologists under contract to Erin Ventures and four experienced geologists from Ibar Mines has been established to work on the project. Ibar Mines is offering its full support and cooperation for this project.
The following table summarizes the current available data on borate intercepts using a 10% B2O3 cutoff. This cutoff is used only to present significant results and does not represent a mining cutoff but is used only for exploration purposes. Only holes with verified lab results are included; thus all results from Ibar Mines are not currently available.
HoleID
From_m
To_m
Thickness
Average B2O3_%
Company
HoleType
B-10/97
120
128
7
28.16
ErinVentures
RC
B-10/97
228
230
2
31.27
ErinVentures
RC
B-29/97
123
130
3
22.8
ErinVentures
RC
B-29/97
198
205
7
22.52
ErinVentures
RC
B-8/97
176
182.5
6.5
21.46
ErinVentures
RC
B-8/97
251
253.5
2.5
22.41
ErinVentures
RC
B-9/97
123
137
11.5
33.31
ErinVentures
RC
B-9/97
142
144.5
3
27.68
ErinVentures
RC
B-9/97
182
185.5
2.5
32.59
ErinVentures
RC
B-9/97
254.5
257.5
3
26.58
ErinVentures
RC
IBM-1
103.57
104.73
1.16
35.11
RioTinto
Core
IBM-1
139.93
140.87
0.94
37.99
RioTinto
Core
IBM-1
233.9
235.45
1.55
39.44
RioTinto
Core
IBM-12
430.49
440.2
9.71
13.32
RioTinto
Core
IBM-12
560.13
561.5
1.37
40.89
RioTinto
Core
IBM-2
199.48
201.79
2.31
13.65
RioTinto
Core
IBM-2
208.98
214.37
5.39
44.75
RioTinto
Core
IBM-3
160.06
162.73
2.67
44.11
RioTinto
Core
IBM-3
185.08
198.55
11.9
42.49
RioTinto
Core
IBM-3
239.84
241.12
1.28
32.13
RioTinto
Core
IBM-3
312.58
319.66
6.08
46.74
RioTinto
Core
IBM-5
356.07
359.39
3.32
56.88
RioTinto
Core
IBM-5
429.75
433.3
3.55
33.55
RioTinto
Core
IBM-5
462.05
463.12
1.07
53.13
RioTinto
Core
IBM-6
140.25
141.25
1
36.06
RioTinto
Core
IBM-6
255.38
256.91
1.53
47.65
RioTinto
Core
IBM-8
209.05
211
1.95
10.69
RioTinto
Core
IBM-9
119.65
134.75
11.66
35.13
RioTinto
Core
IBM-9
142.2
143.23
1.03
28.24
RioTinto
Core
IBM-9
148
148.9
0.9
11.37
RioTinto
Core
IBM-9
173.47
175.2
1.72
35.08
RioTinto
Core
IBM-9
238.92
245.77
6.85
39.58
RioTinto
Core
IBM-9A
117.5
125.2
7.7
39.47
RioTinto
Core
Management of the program is under the direction of Dr. Dennis LaPoint, a director of Erin Ventures.
Summary of the Piskanja boron property
The historical data, prepared to standards of the Serbian government, states that the Piskanja property has a historical resource estimate of approximately 7.5 million tonnes, averaging 36 - 39 per cent B2O3 (boron). The Piskanja deposit has the potential of hosting additional significant borate tonnage beyond the historical estimate, based on initial review of the historical drill information and assay data showing other zones of possible borate mineralization. A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource. Erin is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.
It has been ascertained that the boron at Piskanja is primarily colemanite and ulexite. Colemanite currently sells on the world market for approx. US$280/ton, based on a boron content of 40% (approx. the purity found at Piskanja). Ulexite currently sells on the world market for approx. US$500/ton, based on a boron content of 40% (approx. the purity found at Piskanja).
Piskanja is located in a historical mining region that has good infrastructure for mining including roads, rail, electric power, experienced miners, support services, etc., 250 km south of Belgrade, Serbia.
About Boron
à Boron is a critically important industrial mineral. World production of boron minerals reached an estimated 4.35 million metric tons in 2008.
à Market prices reflect the relative scarcity of borates with prices averaging: US$280/t for colemanite concentrate (40-42 percent B2O3); US$500/t for ulexite (40 percent B2O3); US$550/t for boric acid.
à Consumption of borates used in high- technical applications is expected to increase by 10% in North America and 13% in Europe by 2012. China is the largest consumer of boron, where consumption has risen by 15 percent per year from 2000 to 2010.
à Borate minerals and refined borate products are used extensively worldwide in the manufacture of vitreous products such as fiberglass insulation, textile fiberglass, borosilicate glass (e.g. LCD screens), ceramic glazes and porcelain enamels. These applications account for approximately 60 per cent of borate consumption, with detergents, fire retardants, metallurgy, agriculture, insecticides, wood preservatives and specialty products accounting for the remainder.
Source: US Geological Survey, Report on Boron - 2008.
The technical information in this release was prepared and approved by Dennis LaPoint, Registered Geologist in the State of North Carolina, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.
On behalf of the Board of Directors,
Blake Fallis, General Manager
NEWS RELEASE - For Immediate Distribution
STATUS OF EXPLORATION AT PISKANJA BORATE PROJECT, SERBIA
April 27, 2011
Erin Ventures Inc. (TSXV: EV) reports that exploration is well underway in preparation for a quality drilling program to develop a NI 43-101 qualified resource at the Piskanja borate project in Serbia. The intent is to initiate drilling in June of this year. The first phase of drilling will consist of approximately 5,000 metres of HQ size core drilling.
Unexpected delays in receiving certain historical exploration data and drill core from the Serbian authorities set back the drilling target date by three months from Erin's original plans. Erin has now received most known available historical exploration data, including copies of the results of historical drilling conducted by Ibar Mines (a Serbian government-owned company), Erin Ventures, and Rio Tinto, completed in three separate exploration programs over a twenty year period.
Currently, the following exploration related tasks are in progress, or have been completed:
à A secure Access database has been created for all prior data. The historical drilling by Ibar and some results from Erin Ventures still lack verifiable assay records to import. Erin is currently importing assay data from drill logs to assist in correlation and interpretation, but these results can not be reported as verifiable results.
à Relogging and interpretation of structure and sedimentary features of the Rio Tinto holes is in progress. Many sedimentary and structural features are being noted that are not recognized or described on the Rio Tinto logs, but will be critical in planning a drilling program to be used in mine planning and correlation of ore zones. Structural controls are very critical. Relogging should also verify the Rio Tinto log descriptions and sampling intervals.
à Studies have been initiated or are planned using experienced Serbian geologists from the Mineral Institute and University in Serbia on the geohydrology of the basin and geotechnical planning of the drilling program, as well as economic factors. When drilling, selected drill holes will be converted to water monitoring holes. The intent is to proactively address anticipated issues now so that Erin Ventures can rapidly move towards mine development.
à The Serbian Petroleum Industry is developing a proposal for a shallow seismic and resistivity survey to better plan drilling and mine development.
à In May, new cross sections and 3-D models will be prepared based on the relogging and database of historic drilling to develop an interpretation of the borate mineralization and develop the initial drilling program.
à An initial 5000 metre drill program is planned. Drilling will then continue with adjustments being made in hole locations and the possible need for angle holes.
à Written procedures are being prepared to meet NI 43-101 standards in drilling, sampling and QA/QC.
à Erin Ventures is developing community and government relations with the assistance of Ibar Mines. Erin is also developing a strong Serbian team of advisors from the Mineral Institute and University to aid in the program and to strengthen its Serbian ties. Several theses are expected to be prepared on the deposit including one dissertation.
à Safety, social and environmental concerns are being evaluated both in-house and with the government agencies.
à Surface access leases required for drilling are starting, aided by Ibar Mines.
à Meetings have been held with government agencies to insure that all permitting issues are addressed.
à Discussions and planning are in progress with drilling contractors, analytical labs and independent consulting groups that would verify quality of work to NI 43-101 standards and prepare an independent report.
A cooperative team composed of four experienced Serbian geologists under contract to Erin Ventures and four experienced geologists from Ibar Mines has been established to work on the project. Ibar Mines is offering its full support and cooperation for this project.
The following table summarizes the current available data on borate intercepts using a 10% B2O3 cutoff. This cutoff is used only to present significant results and does not represent a mining cutoff but is used only for exploration purposes. Only holes with verified lab results are included; thus all results from Ibar Mines are not currently available.
HoleID
From_m
To_m
Thickness
Average B2O3_%
Company
HoleType
B-10/97
120
128
7
28.16
ErinVentures
RC
B-10/97
228
230
2
31.27
ErinVentures
RC
B-29/97
123
130
3
22.8
ErinVentures
RC
B-29/97
198
205
7
22.52
ErinVentures
RC
B-8/97
176
182.5
6.5
21.46
ErinVentures
RC
B-8/97
251
253.5
2.5
22.41
ErinVentures
RC
B-9/97
123
137
11.5
33.31
ErinVentures
RC
B-9/97
142
144.5
3
27.68
ErinVentures
RC
B-9/97
182
185.5
2.5
32.59
ErinVentures
RC
B-9/97
254.5
257.5
3
26.58
ErinVentures
RC
IBM-1
103.57
104.73
1.16
35.11
RioTinto
Core
IBM-1
139.93
140.87
0.94
37.99
RioTinto
Core
IBM-1
233.9
235.45
1.55
39.44
RioTinto
Core
IBM-12
430.49
440.2
9.71
13.32
RioTinto
Core
IBM-12
560.13
561.5
1.37
40.89
RioTinto
Core
IBM-2
199.48
201.79
2.31
13.65
RioTinto
Core
IBM-2
208.98
214.37
5.39
44.75
RioTinto
Core
IBM-3
160.06
162.73
2.67
44.11
RioTinto
Core
IBM-3
185.08
198.55
11.9
42.49
RioTinto
Core
IBM-3
239.84
241.12
1.28
32.13
RioTinto
Core
IBM-3
312.58
319.66
6.08
46.74
RioTinto
Core
IBM-5
356.07
359.39
3.32
56.88
RioTinto
Core
IBM-5
429.75
433.3
3.55
33.55
RioTinto
Core
IBM-5
462.05
463.12
1.07
53.13
RioTinto
Core
IBM-6
140.25
141.25
1
36.06
RioTinto
Core
IBM-6
255.38
256.91
1.53
47.65
RioTinto
Core
IBM-8
209.05
211
1.95
10.69
RioTinto
Core
IBM-9
119.65
134.75
11.66
35.13
RioTinto
Core
IBM-9
142.2
143.23
1.03
28.24
RioTinto
Core
IBM-9
148
148.9
0.9
11.37
RioTinto
Core
IBM-9
173.47
175.2
1.72
35.08
RioTinto
Core
IBM-9
238.92
245.77
6.85
39.58
RioTinto
Core
IBM-9A
117.5
125.2
7.7
39.47
RioTinto
Core
Management of the program is under the direction of Dr. Dennis LaPoint, a director of Erin Ventures.
Summary of the Piskanja boron property
The historical data, prepared to standards of the Serbian government, states that the Piskanja property has a historical resource estimate of approximately 7.5 million tonnes, averaging 36 - 39 per cent B2O3 (boron). The Piskanja deposit has the potential of hosting additional significant borate tonnage beyond the historical estimate, based on initial review of the historical drill information and assay data showing other zones of possible borate mineralization. A Qualified Person has not done sufficient work to classify the historical estimate as a current mineral resource. Erin is not treating the historical estimate as current mineral resources and the historical estimate should not be relied upon.
It has been ascertained that the boron at Piskanja is primarily colemanite and ulexite. Colemanite currently sells on the world market for approx. US$280/ton, based on a boron content of 40% (approx. the purity found at Piskanja). Ulexite currently sells on the world market for approx. US$500/ton, based on a boron content of 40% (approx. the purity found at Piskanja).
Piskanja is located in a historical mining region that has good infrastructure for mining including roads, rail, electric power, experienced miners, support services, etc., 250 km south of Belgrade, Serbia.
About Boron
à Boron is a critically important industrial mineral. World production of boron minerals reached an estimated 4.35 million metric tons in 2008.
à Market prices reflect the relative scarcity of borates with prices averaging: US$280/t for colemanite concentrate (40-42 percent B2O3); US$500/t for ulexite (40 percent B2O3); US$550/t for boric acid.
à Consumption of borates used in high- technical applications is expected to increase by 10% in North America and 13% in Europe by 2012. China is the largest consumer of boron, where consumption has risen by 15 percent per year from 2000 to 2010.
à Borate minerals and refined borate products are used extensively worldwide in the manufacture of vitreous products such as fiberglass insulation, textile fiberglass, borosilicate glass (e.g. LCD screens), ceramic glazes and porcelain enamels. These applications account for approximately 60 per cent of borate consumption, with detergents, fire retardants, metallurgy, agriculture, insecticides, wood preservatives and specialty products accounting for the remainder.
Source: US Geological Survey, Report on Boron - 2008.
The technical information in this release was prepared and approved by Dennis LaPoint, Registered Geologist in the State of North Carolina, a director of the Corporation, who is a Qualified Person under National Instrument 43-101.
On behalf of the Board of Directors,
Blake Fallis, General Manager
Erin Ventures to issue shares for debt
2011-05-09 18:04 ET - News Release
Mr. Blake Fallis reports
SHARES FOR DEBT
Erin Ventures Inc. is proposing to issue 193,548 common shares at a price of 15.5 cents per share in payment of consulting fees in the amount of $30,000, for consulting services regarding its now abandoned Panama operations. Issuance of the shares is subject to approval of the TSX Venture Exchange.
2011-05-09 18:04 ET - News Release
Mr. Blake Fallis reports
SHARES FOR DEBT
Erin Ventures Inc. is proposing to issue 193,548 common shares at a price of 15.5 cents per share in payment of consulting fees in the amount of $30,000, for consulting services regarding its now abandoned Panama operations. Issuance of the shares is subject to approval of the TSX Venture Exchange.
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