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Positive Bulk Sampling Results on Belize Gold Property
04:30 EST Thursday, January 17, 2008FSC / Press ReleasePositive Bulk Sampling Results on Belize Gold PropertyVictoria , British Columbia CANADA, January 17, 2008 /FSC/ - ERIN VENTURES INC. (EV - TSX Venture, ERVFF - OTCBB, EKV - BSE), reports positive results from a bulk sampling program on the Ceibo Chico gold prospect in Belize. This program, completed late in 2007, was the second phase of testing on the Fan area of the Ceibo Chico Property and was designed to further test the extent of economically viable, gold-bearing gravel as well as the geophysical characteristics of the Fan.Conclusions of the Fan bulk sampling program Results from the 2007 testing program are encouraging in that they indicate that the auriferous gravel channel extends northerly in a somewhat sinuous form for at least another 365 metres (1200 ft) with the widths varying from some 45 metres (150 ft) to over 120 metres (400 ft). This extends the total tested area to 760 metres (2500 ft) north to south by an average of 76 metres (250 ft) east to west. Gold recovered during the bulk sampling program is similar to the gold currently being recovered further upstream in the current mining program. The size distribution of the recovered gold also remains similar in the central part of the channel, with much finer gold occurring along the outside edges. The gold remains fairly equi-dimensional, which simplifies recovery.Bulk Sampling Results 2007 Sampling continued to the North on the same grid system as used in 2006. A total of 17 test pits were excavated on the Ceibo Chico fan extension during the 2007 sampling and evaluation program. Pit excavation volumes varied from a low of 8 cubic yards to a high of 52 cubic yards. Generally the test sites exhibit an average depth of top soil of 1 metre (3 ft) followed by approximately 2 metres (7 ft) of gravel. Most excavations bottomed on massive clay except in the central portions of the original channel where gravel depths exceed the average for the test area. In these central areas the gravel depths exceeded 4 metres (13 ft), the maximum digging depth of the excavator. Evaluation of the sample results shows that a number of additional pits should be excavated and processed to better delineate the old creek channel boundaries. Bulk sampling results are as follows: -***------------------------------------------------------------------------ Gravel Sample Raw Raw Fan location depth size gold recovered gold grade (ft) (yds[3]) (grams) (g/yd[])-----------------------------------------------------------------------13N/100W 8.0 31.0 27.6 0.9-----------------------------------------------------------------------13N/300W 6.0 16.0 2.3 0.14-----------------------------------------------------------------------14N/BL 0.0 0.0 0.0 0.0-----------------------------------------------------------------------14N/100E 6.0 10.6 3.9 0.37-----------------------------------------------------------------------14N/300E 7.0 21.0 19.2 0.91-----------------------------------------------------------------------14N/400E 4.0 8.3 15.4 1.8-----------------------------------------------------------------------14N/100W 6.0 20.0 1.5 0.075-----------------------------------------------------------------------14N/200W 7.0 32.2 1.4 0.03-----------------------------------------------------------------------15N/BL 6.0 8.0 5.1 0.64-----------------------------------------------------------------------15N/100E 10.0 29.5 3.4 0.12-----------------------------------------------------------------------15N/200E 6.0 16.0 1.9 0.12-----------------------------------------------------------------------15N/100W 6.0 20.0 11.6 0.58-----------------------------------------------------------------------16N/BL 11.0 33.0 10.6 0.32-----------------------------------------------------------------------16N/100W 12.0 40.0 5.7 0.14-----------------------------------------------------------------------16N/200W 5.0 37.0 2.5 0.07-----------------------------------------------------------------------17N/100E 9.0 52.0 0.70 0.015-----------------------------------------------------------------------17N/200E 13.0 52.0 4.4 0.08-----------------------------------------------------------------------Total 426.6 117.2 -----------------------------------------------------------------------Average 7.6 0.40------------------------------------------------------------------------****-The technical information in this release was prepared by James E Wallis, M.Sc. (Eng), P. Eng. a director of the Corporation, who is a Qualified Person under National Instrument 43-101.About the Ceibo Chico Gold Prospect* The property consists of 4 contiguous Exclusive Prospecting Licenses covering approximately 34 square kilometers (13 square miles), and a 160.25 hectare (396 acre) Mining License, in west/central Belize.
* Erin has an option agreement to acquire up to 90% equity in the Prospect.
* Erin has commenced gold production of the placer gold found on the Fan to establish cash flow to help off set exploration costs. The Fan is comprised of alluvial gravels formed where the drainage opens up at the contact with limestones.Erin's Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKVFor further information, please contact: Erin Ventures Inc.
Phone: 1-250- 384-1999 or 1-888-289-3746
www.erinventures.com A Schwab and Associates (Investor Relations)
Phone: 1-866-979-0199
Mike McGee mikemcgee@shaw.ca 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
Positive Bulk Sampling Results on Belize Gold Property
04:30 EST Thursday, January 17, 2008FSC / Press ReleasePositive Bulk Sampling Results on Belize Gold PropertyVictoria , British Columbia CANADA, January 17, 2008 /FSC/ - ERIN VENTURES INC. (EV - TSX Venture, ERVFF - OTCBB, EKV - BSE), reports positive results from a bulk sampling program on the Ceibo Chico gold prospect in Belize. This program, completed late in 2007, was the second phase of testing on the Fan area of the Ceibo Chico Property and was designed to further test the extent of economically viable, gold-bearing gravel as well as the geophysical characteristics of the Fan.Conclusions of the Fan bulk sampling program Results from the 2007 testing program are encouraging in that they indicate that the auriferous gravel channel extends northerly in a somewhat sinuous form for at least another 365 metres (1200 ft) with the widths varying from some 45 metres (150 ft) to over 120 metres (400 ft). This extends the total tested area to 760 metres (2500 ft) north to south by an average of 76 metres (250 ft) east to west. Gold recovered during the bulk sampling program is similar to the gold currently being recovered further upstream in the current mining program. The size distribution of the recovered gold also remains similar in the central part of the channel, with much finer gold occurring along the outside edges. The gold remains fairly equi-dimensional, which simplifies recovery.Bulk Sampling Results 2007 Sampling continued to the North on the same grid system as used in 2006. A total of 17 test pits were excavated on the Ceibo Chico fan extension during the 2007 sampling and evaluation program. Pit excavation volumes varied from a low of 8 cubic yards to a high of 52 cubic yards. Generally the test sites exhibit an average depth of top soil of 1 metre (3 ft) followed by approximately 2 metres (7 ft) of gravel. Most excavations bottomed on massive clay except in the central portions of the original channel where gravel depths exceed the average for the test area. In these central areas the gravel depths exceeded 4 metres (13 ft), the maximum digging depth of the excavator. Evaluation of the sample results shows that a number of additional pits should be excavated and processed to better delineate the old creek channel boundaries. Bulk sampling results are as follows: -***------------------------------------------------------------------------ Gravel Sample Raw Raw Fan location depth size gold recovered gold grade (ft) (yds[3]) (grams) (g/yd[])-----------------------------------------------------------------------13N/100W 8.0 31.0 27.6 0.9-----------------------------------------------------------------------13N/300W 6.0 16.0 2.3 0.14-----------------------------------------------------------------------14N/BL 0.0 0.0 0.0 0.0-----------------------------------------------------------------------14N/100E 6.0 10.6 3.9 0.37-----------------------------------------------------------------------14N/300E 7.0 21.0 19.2 0.91-----------------------------------------------------------------------14N/400E 4.0 8.3 15.4 1.8-----------------------------------------------------------------------14N/100W 6.0 20.0 1.5 0.075-----------------------------------------------------------------------14N/200W 7.0 32.2 1.4 0.03-----------------------------------------------------------------------15N/BL 6.0 8.0 5.1 0.64-----------------------------------------------------------------------15N/100E 10.0 29.5 3.4 0.12-----------------------------------------------------------------------15N/200E 6.0 16.0 1.9 0.12-----------------------------------------------------------------------15N/100W 6.0 20.0 11.6 0.58-----------------------------------------------------------------------16N/BL 11.0 33.0 10.6 0.32-----------------------------------------------------------------------16N/100W 12.0 40.0 5.7 0.14-----------------------------------------------------------------------16N/200W 5.0 37.0 2.5 0.07-----------------------------------------------------------------------17N/100E 9.0 52.0 0.70 0.015-----------------------------------------------------------------------17N/200E 13.0 52.0 4.4 0.08-----------------------------------------------------------------------Total 426.6 117.2 -----------------------------------------------------------------------Average 7.6 0.40------------------------------------------------------------------------****-The technical information in this release was prepared by James E Wallis, M.Sc. (Eng), P. Eng. a director of the Corporation, who is a Qualified Person under National Instrument 43-101.About the Ceibo Chico Gold Prospect* The property consists of 4 contiguous Exclusive Prospecting Licenses covering approximately 34 square kilometers (13 square miles), and a 160.25 hectare (396 acre) Mining License, in west/central Belize.
* Erin has an option agreement to acquire up to 90% equity in the Prospect.
* Erin has commenced gold production of the placer gold found on the Fan to establish cash flow to help off set exploration costs. The Fan is comprised of alluvial gravels formed where the drainage opens up at the contact with limestones.Erin's Public Quotations:
Canada
TSX Venture: EV
USA
SEC 12G3-2(B) #82-4432
OTCBB: ERVFF
Europe
Berlin Stock Exchange: EKVFor further information, please contact: Erin Ventures Inc.
Phone: 1-250- 384-1999 or 1-888-289-3746
www.erinventures.com A Schwab and Associates (Investor Relations)
Phone: 1-866-979-0199
Mike McGee mikemcgee@shaw.ca 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
Maximum News Dissemination by Filing Services Canada Inc.
Ph: (403) 717-3898 Fx: (403) 717-3896 www.usetdas.com
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