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Erin Ventures Reacquires Interest in Jarandol Boron Property Exploration License
VICTORIA, BC / ACCESSWIRE / February 14, 2020 / Erin Ventures Inc. [TSXV:EV] is pleased to a...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Erin Ventures Reacquires Interest in Jarandol Boron Property Exploration LicenseVICTORIA, BC / ACCESSWIRE / February 14, 2020 / Erin Ventures Inc. [TSXV:EV] is pleased to announce that it has entered into an agreement to re-acquire an interest in the Jarandol Basin Exploration License (\"Jarandol\") in Serbia, which was previously held by Erin from 2013 to 2018. The Jarandol License covers 20.97 square kilometers and is directly adjacent to, and in between, both Erin's 100% owned Piskanja boron project on the eastern edge of the Jarandol Basin, and the Serbian government's Pobrdje Boron Mine, some 2.5 km away from Piskanja on the opposite edge of the basin. Previous exploration has shown that Jarandol has the potential to host extensions to both the Piskanja and Pobrdje boron deposits, and/or the potential to host separate, similar boron deposits. The Jarandol license includes the right to explore for borates, lithium and other non-metallic minerals, is valid until February 2022, and is extendible thereafter for up to 8 years in total.Erin's wholly-owned, high-grade Piskanja boron deposit's Mineral Resource Estimate includes 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 Standards).Jarandol agreement terms\"Kop Project\" - a Serbian mineral exploration company owned, in part, by Dusan Podunavac, a Director of Erin, has been granted the exploration license for Jarandol, as Erin itself was not eligible to reapply for the Jarandol License once relinquished.The Jarandol license covers 20.97 square kilometers, is valid until February 2022, and is extendible thereafter for up to 8 years in total, subject to certain conditions.No consideration will be paid to Kop Project by Erin for the rights contained within this agreement.It is the intention of the parties (Kop and Erin) to conduct future exploration on Jarandol by way of a strategic partnership with a third-party investor.Erin has the right to earn an interest in any future strategic partnership with a third-party investor by contributing its previous exploration data from 2013 to 2018 (but is not obligated to do so), with the terms of such a part...