complete NR2009-05-27 10:12 ET - News Release
Mr. Blake Fallis reports
DRILLING PROGRAM RECOMMENDED ON BELIZE GOLD PROJECT
A drilling program has been recommended on Erin Ventures Inc.'s Ceibo Chico gold property in Belize. An initial program of 550 to 600 metres and six holes is proposed by an experienced exploration geologist, consulting to Erin.
The selection of these drill sites is based on the results of a field program, the re-evaluation of original exploration data of BHP and Castle Exploration, the prior exploration results of Erin, and new geologic mapping.
Mapping was completed of roads, streams and historic trenches. Quartz veins that had a good chance of being mineralized were delineated based on old sample values, panned gold, or association with high soil values in a contiguous soil sample or in a channel trench sample that included the vein. A dozer was used to clear off and re-examine certain stretches of the old road in the target area. The new data were used to reinterpret prior exploration data to plan an initial trenching and drilling program based on better understanding of the orientation of mineralized zones.
New structural interpretations indicate a north-northeast-trending corridor of mineralization that connects the primary target areas. An abundance of east-northeast steeply dipping veins throughout this area suggest a right lateral strike slip fault with en-echelon east-northeast openings. This mineralized corridor extends for 2,400 metres by 600 metres in width based on available soil data.
This corridor intersects east-west and east-southeast trends that parallel bedding and foliation. The best mineralization seems to correspond to changes in dip in the beds, particularly near the contacts of contrasting lithologies where the dips change from gentle to steep. These are anticlines, promoting fracturing and opening favourable for gold-bearing fluids. There are two major areas that correspond to the two known trends of mineralization.
Two of the sites chosen (four drill holes) will test an open zone that seems to exist due to folding, where more fluids may have passed, and an apparent mineralized structure. The third site (two drill holes) will test the southern open zone at depth. Prior holes by Castle Exploration were from this sector and had some of the better mineralization intervals (as reported by Erin in Stockwatch Sept. 10, 2008). This initial drill program may be expanded beyond the planned six holes, based on trench results and other factors.
Timing of the drill program will be dependent on: completion of a trenching program, using equipment on site, to better test prior trench and soil samples with new trench orientations; the construction of drill pads and other predrilling preparations; weather; availability of drilling equipment that must be imported into Belize; and the availability of required financing.
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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