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.
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Erin Ventures Inc. is an emerging international junior mining and exploration company engaged in the acquisition, exploration, and development of resource properties. Erin Venture's strategy is to uncover and capitalize on unique development opportunities within Canada and various regions internationally. The Company's objective is to increase its mineral reserves by developing current properties and through the acquisition of additional mining projects.
Piskanja is located in a historical mining region that has good infrastructure for mining including roads, rail, electric power, experienced miners, etc., 250 km south of Belgrade, Serbia by good paved roads. Erin Ventures reported on August 31, 2010, that it had been granted a license for the Piskanja boron deposit in Serbia by the Serbian Ministry of Mining and Energy. The license includes the entire known historical mineralized area along with a substantial amount of previously unexplored ground.
On December 2nd 2013, Erin Ventures filed a National Instrument 43-101 compliant Technical Report and Maiden Mineral Resource Estimate (MRE) for the Piskanja boron deposit. The MRE reports an Indicated Mineral Resource totalling 5,600,000 tonnes with an average B2O3 content of 30.8 percent, and an additional Inferred Mineral Resource of 6,200,000 tonnes with an average B2O3 content of 28.8 percent.