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Erin Ventures Commences Exploitation License Process For Its Piskanja Boron Property
VICTORIA, BC / ACCESSWIRE / January 3, 2020 / Erin Ventures Inc. [TSXV:EV] is pleased to ann...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Erin Ventures Commences Exploitation License Process For Its Piskanja Boron PropertyVICTORIA, BC / ACCESSWIRE / January 3, 2020 / Erin Ventures Inc. [TSXV:EV] is pleased to announce that it has taken a significant step forward in the advancement of its Piskanja Boron Project (\"Piskanja\") towards production. Erin has commenced the exploitation licensing process for Piskanja with the commissioning of an \"Elaborate of Reserves\" (the \"Elaborate\"), as it has now completed sufficient field work and related studies required for the production of the Elaborate.Piskanja is Erin's wholly owned, high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31 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 Standards).The Elaborate is the first step in the exploitation license process and is culmination of several of Erin's studies, resulting from the compilation of exploration work completed by Erin to date. The primary components of an Elaborate are a Mineral Resource Calculation and a Technical Economic Assessment, which must be generated in compliance with standards set by the Serbian Ministry of Mining. Erin anticipates that the Elaborate will be ready for submittal within 3 months, after which it must undergo a review and approval process by an independent commission of geological and mining experts, established by the Serbian Mining Ministry.\"This is an important milestone for us, as we are officially advancing from exploration to the development stage\" said Tim Daniels, CEO of Erin Ventures. \"Concurrent with the mining licensing process, we will continue our discussions with potential strategic partners, off-takers and financiers. In fact, I anticipate that this current development will enhance our value while creating a greater sense of urgency with potential partners, by bringing our timelines into sharper focus and mitigating a major project risk.\"Once an Elaborate receives approval, the Mining Ministry then issues a \"Certificate of Reserves\" which marks the completion of the first step in the exploitation licensing process. The applicant may then proceed with the preparation and submission of the additional documentatio...