Location and Project Description

The Wassadou Project is made up of two exploration permits; Wassadou North and Wassadou South.  The permits are held by Société des Mines du Sénégal (SODEMINES).

The Wassadou North exploration permit is still in the process of being granted and covers an area of approximately 40 square kilometres.  It is located along strike to the south of the Sabodala gold mine and Oromin deposit.

The Wassadou South exploration permit 12907 covers an area of approximately 52 square kilometres and is located along strike further to the south of the Wassadou North permit.

Title

Erin is currently in joint venture agreement negotiations with SODEMINES over Wassadou South.  Pre-joint venture agreements with SODEMINES, as part of the Erin’s due diligence process, give Erin the right, pursuant to the terms of a joint venture agreement with SODEMINES, to acquire a 77.5% interest in the exploration permits.  Under the terms of agreement, Erin is required to meet as sole contributor, all exploration expenditure until completion of a positive feasibility study.

Work Completed to January 2012

There is no evidence of modern exploration having taken place within either licence area.

Erin has completed regional geological and regolith mapping together with regional soil sampling over both permit areas.

Wassadou North

Erin completed regional soil sampling on a 400 metre by 400 metre grid to establish whether potential for gold mineralisation existed within the tenement area.  Interpretation and reporting of the results is ongoing.

Wassadou South

Erin undertook regional soil sampling on an 800 metre by 400 metre grid to establish whether potential for gold mineralisation existed within the tenement area. 

The programme identified a low order gold anomaly occurring in the northern portion of the permit associated with a known “primary” gold occurrence.  The gold occurrence is also associated with a sigmoidal “tie” structure between two faults (dilation zone), and has a strong correlation with copper and tellurium (the latter possible indicating an epithermal association).  There is also patchy gold anomalism in the middle of the permit that is worthy of further investigation.

Current Activities

Completion of a due diligence report over the Wassadou North permit and subsequent recommendation to the Erin Board on whether to enter joint venture negotiations.

Finalising the joint venture agreement over the Wassadou South permit with SODEMINES.

Planned for Completion in 2012

Erin’s aim is to quickly evaluate the anomalous gold trends identified with the regional soil geochemistry to generate drill targets.  Infill soil sampling on a 120 metre by 40 metre spacing over anomalies identified within the permit areas will be completed in 2012 to give better definition to the anomalies.  Reconnaissance RAB fence drilling would then be planned (late 2012/early 2013) to quickly assess whether they have the potential to host ore grade gold bodies.