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Gold/Mining/Energy : Daily News

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To: Kent C. who wrote (332)2/5/1998 10:46:00 AM
From: Kent C.   of 746
 
Feb. 04 - EV.ASE - ERIN REPORTS SIGNIFICANT ASSAYS

VICTORIA, B.C., Feb. 5 /CNW/ - Mr. Tim Daniels, President of Erin
Ventures Inc. is pleased to announce that the initial assays from the infill
drill program on the Corporation's Piskanja borite project in Yugoslavia, have
met and exceeded expectations.
Four main borite beds were intersected for a total of 23 metres of
compact (high grade) borite. The top bed returned a 10 metre intersection of
35.36% B2O3 (boron) including 3.5 metres of 43.18% B2O3; the next bed returned
a 2.5 metre intersection with an average grade of 30.94% B2O3; the third bed
included a 3 metre intersection with an average grade of 22.25% B2O3; and the
last bed included a 3 metre intersection with an average grade of 24.92% B2O3.
As well, these results confirm that the upper two borite beds, discovered
during earlier wide spaced drilling, have continuity.
In accordance with the policies of The Alberta Stock Exchange, the
following technical information is provided.

- Results are stated as a percentage concentration.
- All measurements are metric.
- Chemical analysis was conducted by Geozavod-nemetali (Geological
Institute of Yugoslavia).
- Analytical Methodology : standard chemical analysis.
- Duplicate sample splits and pulps have been sent to Lakefield Research
in Lakefield, Ontario for check analysis.
- Samples were collected between 06/11/97 and 11/11/97.
- Analysis was conducted between 26/01/98 and 28/01/98.
- Results presented are from drill hole B-9/97.
- Location: Piskanja Project, Baljevac, Yugoslavia.
- Sample type: Reverse circulation - centre line sampling system.
- Azimuth/dip: vertical hole, 90 degree dip.
- sample interval is 0.5 metres.
- Lithology is typical of sedimentary basins, primarily shales, marls and
limestone with two primary gently undulating borate beds,
mineralization is primarily dense, compact colemanite with some
ulexite.
- sample widths: 0.5 metres.
- Weighted average grades:
- 10 m of 35.36% B2O3, includes 3.5 m of 43.18% B2O3 ;
2.5 m of 30.94% B2O3
3 m of 22.25% B2O3
3 m of 24.92% B2O3

See attached table for detailed chemical analysis.

<<
GEOZAVOD-NEMETALI

-------------------------------------------------------------------------
Redni B-9 Od - do ANALIZA
broj m
-------------------------------------------------------------------------
SiO(2) MgO CaO Na(2)O K(2)O B(2)O(3)
-------------------------------------------------------------------------
1. B-9 76.0--76.5 34.80 10.31 9.67 2.80 2.06 0.13
-------------------------------------------------------------------------
2. B-9 77.5--78.0 32.00 10.74 14.92 1.45 2.00 0.12
-------------------------------------------------------------------------
3. B-9 105.0--105.5 3.90 4.0 50.75 0.48 0.23 0.23
-------------------------------------------------------------------------
4. B-9 105.5--106.0 4.21 10.38 40.00 0.34 0.37 0.22
-------------------------------------------------------------------------
5. B-9 106.0--106.5 10.36 7.84 37.00 0.71 1.37 0.21
-------------------------------------------------------------------------
6. B-9 106.5--107.0 3.68 8.11 44.80 0.11 0.38 0.18
-------------------------------------------------------------------------
7. B-9 107.0--107.5 7.56 6.08 41.50 0.38 0.65 0.27
-------------------------------------------------------------------------
8. B-9 121.5--122.0 31.90 10.09 11.76 1.73 2.95 14.00
-------------------------------------------------------------------------
9. B-9 122.0--122.5 29.64 11.00 12.57 1.83 3.22 0.14
-------------------------------------------------------------------------
10. B-9 122.5--123.0 25.80 11.10 16.50 1.72 2.62 0.88
-------------------------------------------------------------------------
11. B-9 123.0--123.5 8.30 6.04 32.30 0.57 0.93 25.70
-------------------------------------------------------------------------
12. B-9 123.5--124.0 2.60 1.16 26.80 0.50 0.32 51.00
-------------------------------------------------------------------------
13. B-9 124.0--124.5 6.05 7.00 23.60 0.56 0.68 37.20
-------------------------------------------------------------------------
14. B-9 124.5--125.0 7.86 10.70 22.80 0.23 0.97 26.60
-------------------------------------------------------------------------
15. B-9 125.0--125.5 3.66 2.74 28.70 0.11 0.63 49.80
-------------------------------------------------------------------------
16. B-9 125.5--126.0 4.00 1.50 25.80 0.13 0.77 44.20
-------------------------------------------------------------------------
17. B-9 126.0--126.5 2.47 1.37 27.50 0.10 0.53 50.33
-------------------------------------------------------------------------
18. B-9 126.5--127.0 10.20 5.13 26.80 0.36 1.24 28.65
-------------------------------------------------------------------------
19. B-9 127.0--127.5 15.30 6.16 24.00 0.55 1.55 26.00
-------------------------------------------------------------------------
20. B-9 127.5--128.0 15.30 4.93 22.00 0.58 1.40 35.47
-------------------------------------------------------------------------
21. B-9 128.0--128.5 6.10 3.10 22.90 0.26 0.37 40.31
-------------------------------------------------------------------------
22. B-9 128.5--129.0 9.38 4.70 22.00 0.70 0.98 32.00
-------------------------------------------------------------------------
23. B-9 129.0--129.5 13.30 4.72 16.20 4.00 1.26 30.60
-------------------------------------------------------------------------
24. B-9 129.5--130.0 14.70 4.64 16.20 3.48 1.30 29.00
-------------------------------------------------------------------------
25. B-9 130.0--130.5 14.40 6.00 16.50 3.92 1.24 32.70
-------------------------------------------------------------------------
26. B-9 130.5--131.0 13.20 4.50 15.20 5.14 1.00 35.85
-------------------------------------------------------------------------
27. B-9 131.0--131.5 8.50 2.65 16.60 5.57 0.60 36.83
-------------------------------------------------------------------------
28. B-9 131.5--132.0 17.60 6.20 13.30 4.62 1.14 25.52
-------------------------------------------------------------------------
29. B-9 132.0--132.5 8.23 2.45 16.10 5.75 1.07 34.50
-------------------------------------------------------------------------
30. B-9 132.5--133.0 7.70 2.43 16.20 5.70 0.88 35.00
-------------------------------------------------------------------------
31. B-9 133.0--133.5 10.90 18.30 12.90 1.63 1.15 13.50
-------------------------------------------------------------------------
32. B-9 133.5--134.0 20.80 22.90 7.66 1.26 0.54 7.06
-------------------------------------------------------------------------
33. B-9 134.0--134.5 14.30 17.90 14.00 1.13 0.36 12.18
-------------------------------------------------------------------------
34. B-9 134.5--135.0 6.04 21.40 16.80 0.46 0.28 4.80
-------------------------------------------------------------------------
35. B-9 135.0--135.5 12.00 20.20 16.20 0.64 0.47 5.66
-------------------------------------------------------------------------
36. B-9 135.5--136.0 20.60 17.90 14.50 1.02 0.87 1.95
-------------------------------------------------------------------------
37. B-9 136.0--136.5 26.40 12.70 6.45 2.23 2.20 6.28
-------------------------------------------------------------------------
38. B-9 136.5--137.0 27.50 13.00 8.84 2.61 1.90 12.54
-------------------------------------------------------------------------
39. B-9 141.5--142.0 20.75 11.80 18.10 2.11 3.54 6.40
-------------------------------------------------------------------------
40. B-9 142.0--142.5 9.62 2.95 23.58 0.40 0.91 38.71
-------------------------------------------------------------------------
41. B-9 142.5--143.0 29.50 7.65 15.27 1.61 2.92 14.13
-------------------------------------------------------------------------
44. B-9 144.0--144.5 12.73 5.65 19.16 1.70 1.67 26.51
-------------------------------------------------------------------------
45. B-9 152.0--152.5 42.30 6.55 9.20 2.68 2.80 2.12
-------------------------------------------------------------------------
46. B-9 152.5--153.0 43.20 6.15 7.66 4.22 2.70 4.90
-------------------------------------------------------------------------
47. B-9 153.0--153.5 44.00 5.63 8.84 3.00 2.65 5.30
-------------------------------------------------------------------------
48. B-9 153.5--154.0 44.80 5.50 8.58 3.45 3.32 5.35
-------------------------------------------------------------------------
49. B-9 154.0--154.5 39.60 5.45 10.24 3.08 3.45 6.73
-------------------------------------------------------------------------
50. B-9 181.0--182.0 31.00 11.04 12.08 1.75 3.45 6.48
-------------------------------------------------------------------------
51. B-9 182.0--183.0 8.64 8.32 23.30 0.60 1.24 27.80
-------------------------------------------------------------------------
52. B-9 183.0--184.0 4.27 4.04 25.74 0.20 0.40 38.80
-------------------------------------------------------------------------
53. B-9 183.5--184.0 33.65 12.52 12.16 1.68 4.32 0.48
-------------------------------------------------------------------------
54. B-9 184.0--184.5 9.80 7.45 22.50 1.25 1.75 28.77
-------------------------------------------------------------------------
55. B-9 184.5--185.0 17.70 15.26 21.00 1.44 2.53 2.66
-------------------------------------------------------------------------
56. B-9 185.0--185.5 7.85 3.97 24.23 0.72 0.86 35.00
-------------------------------------------------------------------------
57. B-9 185.5--186.0 37.46 11.23 10.03 1.75 4.67 0.90
-------------------------------------------------------------------------
58. B-9 186.0--186.5 46.50 7.73 4.73 2.00 5.18 0.80
-------------------------------------------------------------------------
59. B-9 186.5--187.0 41.87 9.35 4.95 1.96 5.10 0.60
-------------------------------------------------------------------------
60. B-9 187.0--187.5 32.65 12.18 10.70 2.26 2.92 1.00
-------------------------------------------------------------------------
61. B-9 221.5--220.0 51.08 5.35 4.55 1.98 3.41 2.60
-------------------------------------------------------------------------
62. B-9 220.0--222.5 49.04 4.70 7.00 2.90 3.38 2.53
-------------------------------------------------------------------------
63. B-9 222.5--223.0 50.75 5.03 4.73 2.00 3.58 0.68
-------------------------------------------------------------------------
64. B-9 223.0--223.5 49.50 5.48 3.68 2.48 3.66 0.75
-------------------------------------------------------------------------
65. B-9 254.0--254.5 40.20 11.50 5.10 2.05 3.07 2.10
-------------------------------------------------------------------------
66. B-9 254.5--255.0 26.00 9.60 13.50 1.50 2.27 14.00
-------------------------------------------------------------------------
67. B-9 255.0--255.5 9.00 7.31 24.00 0.65 0.57 35.00
-------------------------------------------------------------------------
68. B-9 255.5--256.0 6.90 8.56 21.60 0.55 0.40 27.00
-------------------------------------------------------------------------
69. B-9 256.0--256.5 5.30 9.65 22.00 0.26 0.54 31.00
-------------------------------------------------------------------------
70. B-9 256.5--257.0 3.00 10.65 22.80 0.10 0.17 31.40
-------------------------------------------------------------------------
71. B-9 257.0--255.5 5.75 14.50 21.50 0.21 0.58 21.10
-------------------------------------------------------------------------
72. B-9 257.5--258.0 27.50 16.60 18.00 0.71 0.47 0.93
-------------------------------------------------------------------------
73. B-9 258.0--258.5 29.80 11.78 5.50 1.26 2.34 0.83
-------------------------------------------------------------------------
74. B-9 258.5--259.0 40.06 8.87 2.40 1.67 4.40 0.90
-------------------------------------------------------------------------
>>

THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN
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