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B Bastogi Spa

0.40
-0.015 (-3.61%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bastogi Spa BIT:B Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.015 -3.61% 0.40 0.401 0.423 0.40 0.40 0.40 1,261 16:40:00

Erin Ventures Inc.: Belize Gold Production Update

07/11/2007 8:00am

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VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: EV)(OTCBB: ERVFF)(BERLIN: EKV) is pleased to report the following results from the production of placer gold on its Ceibo Chico Property in Belize, using a 'New Zealand' type gold recovery dredge:


---------------------------------------------------------------------
Ceibo Chico Gold Production
---------------------------------------------------------------------
                     Raw Gold Grade         Yds3   Raw Gold Recovered(i)
Date                        gms/yd3    Processed     Ounce      (Gram)
---------------------------------------------------------------------
October, 2007                  0.71        6,680     160.6   (4,994.5)
---------------------------------------------------------------------
September, 2007(1)             0.77        4,280     106.0   (3,296.5)
---------------------------------------------------------------------
August, 2007(1)                0.75        5,720     136.8   (4,254.4)
---------------------------------------------------------------------
July, 2007(2)                  0.65        6.500     137.3   (4,271.2)
---------------------------------------------------------------------
June, 2007(2)                  0.63        5,000     102.5   (3,188.2)
---------------------------------------------------------------------
TOTAL                                     29,990     643.2  (20,004.8)
---------------------------------------------------------------------
Production results will vary from month to month, depending on variables
such as weather conditions, crew and equipment performance, and varying
Au values in the gravels processed.

(i) an Au (pure gold) equivalent can be approximated by multiplying the
    quantity of raw gold by 0.70 (to account for a refining melt loss
    and the Fineness of the raw gold)

(1) as reported in Erin's news release dated October 3, 2007
(2) as reported in Erin's news release dated August 8, 2007

Net cash flow, resulting from the sale of this gold production, is being utilized to help offset ongoing exploration and other operational expenses, in an effort to minimize shareholder dilution as much as possible.

On behalf of the Board of Directors,

Blake Fallis, General Manager

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.

SEC 12G3-2(B) #82-4432

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Erin Ventures Inc. Blake Fallis (250) 384-1999 or 1-888-289-3746 Website: www.erinventures.com A Schwab and Associates Investor Relations 1-866-979-0199 A Schwab and Associates Mike McGee Email: mikemcgee@shaw.ca

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