Business
Erin Ventures Releases Amended Resource Estimate Report for Its Serbian Boron Project
VICTORIA, BC / ACCESSWIRE / March 1, 2019 / Erin Ventures Inc. [TSXV: EV] [OTCQB: ERVFF] is ...
About this update from Boron One Holdings Inc
[{"type":"text","content":"Erin Ventures Releases Amended Resource Estimate Report for Its Serbian Boron ProjectVICTORIA, BC / ACCESSWIRE / March 1, 2019 / Erin Ventures Inc. [TSXV: EV] [OTCQB: ERVFF] is pleased to announce the release of an amended mineral resource estimate report titled, \"Mineral Resource Estimate Update On The Piskanja Borate Project, Serbia, October 2016 - Amended February 28 2019\" (the \"Report\"), for Erin's 100% owned Serbian boron property. The Report was authored by SRK Consulting (UK) Ltd (\"SRK\") independent of Erin, and has been prepared in accordance with Canadian Securities Administrators' National Instrument 43-101 \"Standards of Disclosure for Mineral Projects\" (\"NI 43-101\"). The effective date of SRK's mineral resource statement contained within the Report is July 19, 2016, and was prepared in conformity with the Canadian Institute of Mining (CIM) \"Estimation of Mineral Resource and Mineral Reserves Best Practices Guidelines\".In summary, in producing the mineral resource statement, the Qualified Persons (the \"Authors\") at SRK have:Modelled the borate horizons in 3D; Composited the sample data into 1m intervals and undertaken a statistical analysis of the assay data in each mineralised domain; Evaluated the composited assay data for the presence of high-grade outliers from histograms; Undertaken geostatistical analyses to determine appropriate interpolation algorithms; Created a block model with block dimensions of 10x10x2 m; Undertaken a Quantitative Kriging Neighbourhood Analysis (QKNA) to test the sensitivity of the interpolation parameters; Interpolated borate grades into the block model; Visually and statistically validated the interpolated block grades relative to the original sample results; and Reported an MRE according to CIM Standards.Upon consideration of data quality, drill hole spacing and the interpreted continuity of grades controlled by the deposit, the Authors variously classified portions of the deposit in the Indicated and Inferred Mineral Resource categories.The Authors applied basic economic considerations to restrict the Mineral Resource to material that it considered had reasonable prospects for economic extraction by underground mining methods. The updated MRE for the Project is presented below.SRK Mineral Resource Statement as at July 19, 2016 for the Piskanja Deposit prepared in accordan...