Erin Ventures Inc. is an emerging international junior mining and exploration company engaged in the acquisition, exploration, and development of precious metal properties. Erin Venture's strategy is to uncover and capitalize on unique development opportunities within different regions internationally. The Company's objective is to increase its mineral reserves by developing current properties and through the acquisition of additional mining projects. We are expanding exploration activities at both our Ceibo Chico gold property in Belize, and our Deep River gold project in North Carolina and expect to offset costs on both properties through recently established gold production.
Belize Spotlight:
Commercial-scale gold recovery commenced in October, 2007
Production goal is 28,000 cubic yds of material per month
Recovery rates average 0.48 gram of Au/cubic yds, worth US$13.11 (at US$850/ounce Au)
Direct recovery costs average approx. US$1.96/cubic yds
1,203.41 oz of raw gold has been recovered in total
Exploration is underway to establish drill targets within the 2 km wide zone that appears to be the host for the alluvial gold being recovered
North Carolina Highlights:
Deep River contains gold-copper-molybdenum mineralization
Anomalous soil gold values at Deep River are similar to those encountered during the initial geochemical surveys at the two-million ounce Ridgeway gold mine in South Carolina
The alteration associated with this porphyry system covers an area of approximately 8 km by 5 km
All 12 recent drill holes contained anomalous Au mineralization throughout the holes within altered and deformed porphyritic intrusions
Drilling to date has not defined limits to mineralization or alteration in any direction including depth