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Erin Ventures and Temas Resources Report Progress on the Piskanja Project PEA
VICTORIA, BC / ACCESSWIRE / March 8, 2022 / Erin Ventures Inc. (" Erin ") (TSXV:EV) and its ...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Erin Ventures and Temas Resources Report Progress on the Piskanja Project PEAVICTORIA, BC / ACCESSWIRE / March 8, 2022 / Erin Ventures Inc. (\"Erin\") (TSXV:EV) and its strategic partner, Temas Resources Corp. (\"Temas\") [TMAS], provide a progress report regarding the completion of an updated Preliminary Economic Assessment (PEA) and Geological Elaborate for the Piskanja Boron Project. The updated PEA is projected to include an interpretation of the mineral deposit model and resource calculation more complex than that presented in Erin's previously published Updated Mineral Resource Estimate (MRE) in 2019. The updated PEA delineates the locations, qualities, and quantities of the various types of borates within the overall Piskanja deposit, in contrast to the 2019 MRE which assumed a homogenous mineral deposit comprised solely of calcium borates. This refinement in the deposit modelling also results in improved mine design modeling that accommodates the potential for the strategic extraction of the different borate minerals from within the deposit based upon market conditions and real-world customer demands, as well as planning surface beneficiation circuits that better match parameters of the deposit.The improved modeling in the updated PEA will be of commercial importance in the development of Piskanja, with this data being repurposed in the Geological Elaborate (a Serbian compliant technical study, similar in scope and accuracy to a North American PEA, and the requisite document as the first step in the mining license process) and a future Feasibility Study. It has however, increased the model's complexity resulting in additional time required to develop the deposit model within the anticipated updated PEA.The detailed interpretation of the deposit (as will be presented in the updated PEA) is a requirement within the Geological Elaborate for the approval process of registration of a \"Certification of Reserves\", as the first step in the mine licensing process.About Piskanja Boron PropertyThe Piskanja boron deposit, located in Serbia, has an indicated mineral resource of 7.8 million tonnes (averaging 31.0 per cent B2O3), and an inferred resource of 3.4 million tonnes (averaging 28.6 per cent B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (\"CIM Sta...