VANCOUVER, BC, Sept. 8, 2020 /CNW/ - 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:
INFILL DRILLING
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.
CONDEMNATION DRILLING
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.
Qualified Person
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.
About EROS
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.
Ron Netolitzky
President and Chief Executive Officer
Phone: 604-688-8115
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.