Business
Erin Ventures Announces Update re: Completion of a Geological Elaborate for its Piskanja Boron Project
- Submission expected within the next 30 days - VICTORIA, BC / ACCESSWIRE / October 12, ...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Erin Ventures Announces Update re: Completion of a Geological Elaborate for its Piskanja Boron Project- Submission expected within the next 30 days -VICTORIA, BC / ACCESSWIRE / October 12, 2022 / Erin Ventures Inc. (TSXV:EV)(\"Erin\" or the \"Company\"), an international mineral exploration and development company with boron assets in Serbia, is pleased to report that it intends to complete a Geological Elaborate within the next 30 days for submission to the Serbian Mining Ministry and its independent vetting committee, comprised of local mining experts. The approval of a Geological Elaborate results in the issuance of a \"Certificate of Reserves\" by the Mining Ministry, as the first of two requisite steps to receive an exploitation license.Tim Daniels, President of Erin added, \"It's expected that the new Serbian government will be formed in the coming weeks, as the result of an election held earlier this year. We intend to have our Elaborate ready to submit for approval once the government is formed, so that we can continue advancing the Piskanja project in a timely manner. Completing the Certification of Reserves process is the most important near-term goal for us, as we work towards receiving a mining license and advancing the project.\"A Serbian compliant Geological Elaborate is a technical study which is of similar scope, content, and confidence level as a CIM compliant PEA. The Piskanja Geological Elaborate repurposes data and analysis from Erin's PEA, which was issued on June 24th of this year.About Piskanja Boron ProjectPiskanja is Erin's wholly owned boron deposit with a Measured Mineral Resource of 1.39 million tonnes (averaging 35.59% B2O3), an Indicated Mineral Resource of 5.48 million tonnes (averaging 34.05% B2O3), and an Inferred Mineral Resource of 284.7 thousand tonnes (averaging 39.59% B2O3), calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in Erin's report titled, \"Technical Report and Preliminary Economic Assessment For The Piskanja Borate Project, Serbia, June 24, 2022\". The responsible person for the PEA and the Mineral Resource Estimate contained within, is Prof. Miodrag Banješević PhD. P.Geo, EurGeol, a Qualified Person in accordance with the CIM Definition Standards on Mineral Resource...