VANCOUVER, Sept. 8, 2020 - Eros Resources Corp.
("EROS" or the "Company") (TSXV: ERC) is pleased to announce that it is planning additional exploration and drilling at the Bell Mountain, a permitting stage gold mine development project, located in Churchill County, Nevada
"The purpose of the exploration programs is to potentially upgrade the existing resource base at this active, permitting stage gold mine development project, Bell Mountain." stated Ron Netolitzky, CEO of the company (For details about the current resource model, please refer to the following web page; https://www.erosresourcescorp.com/active-projects)
Bell Mountain is operated by Bell Mountain Exploration Corp., a Nevada corporation, wholly owned by EROS.
SOIL GEOCHEMICAL SURVEY TO IDENTIFY DRILL TARGETS
In an effort to identify satellite deposits of gold-silver mineralization at Bell Mountain, a soil geochemical survey is planned to cover approximately 992 acres (401 hectares) in near proximity and on trend with the known deposits.
Eros plans to collect 1,000 soil samples on a 200 ft x 200 ft sample grid. Where bedrock is present, a rock-chip sample will be collected. Certified reference material, blanks, duplicates, and second-lab check assays will be part of the quality control and assurance program. Targets will be determined by anomalous gold in soil and favorable geology (silicification) where present. Reverse-circulation exploration drilling will test targets as warranted.
Additional reverse-circulation drilling will include:
Select infill drill holes will be completed where cross sections indicate additional holes would add internal confidence to the resource estimate.
STEP OUT DRILLING
Step-out drilling will be conducted where the edges of mineralization are locally open or projected and untested.
A few condemnation holes are necessary to confirm barren ground where mine dumps are planned.
Most drill holes will be angle holes less than 300 ft in depth.
Mr. Jeffrey Wilson of Carson City, Nevada, is a consulting geologist to Eros. Mr. Wilson is a "Qualified Person" within the context of National Instrument 43-101, is responsible for the preparation of this news release and has read and approved its technical aspects.
Eros Resources Corp. is a Canadian public company listed on the Toronto Venture Exchange. The Company's business objective is the identification, acquisition and exploration of advanced-stage projects with a North American focus. In addition, the Company plans to make strategic investments with a global focus on a diverse commodity base. EROS managements' expertise supports this strategy.
Eros operates in the USA through its 100% owned subsidiary Bell Mountain Mining Corp., a Nevada corporation based in Carson City Nevada.
For further information, please contact:
Eros Resources Corp.
President and Chief Executive Officer
Forward Looking Statements
This release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events or developments that we believe, expect or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements reflect our current expectations or beliefs based on information currently available to us. Forward-looking statements in this release include, without limitation, statements with respect to: the closing of the Private Placement and the use of proceeds from the Private Placement. Forward-looking statements are subject to a number of risks and uncertainties that may cause our actual results to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, us. Factors that could cause actual results or events to differ materially from current expectations include, among other things, delays in obtaining or failure to obtain required approvals to complete the Private Placement; and other risks related to our business. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, we disclaim any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although we believe that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Eros Resources Corp.
Eros Resources Corp., Suite 420 - 789 West Pender Street, Vancouver, British Columbia, T: 604-688-8115, w: www.erosresourcescorp.com; Investor Inquiries: Lubica Keighery, VP Corporate Development, firstname.lastname@example.org, c: 778-889-5476