Business
Temas Resources and Erin Ventures Ready Agreement for the Joint Development of Piskanja Boron Project
VANCOUVER, British Columbia / Apr 14, 2021 / Business Wire / Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF, FSE: 26P) (the “Company” or “Temas Resources”), is
About this update from Temas Resources Corp.
[{"type":"text","content":"VANCOUVER, British Columbia / Apr 14, 2021 / Business Wire / Temas Resources Corp. (CSE: TMAS, OTCQB: TMASF, FSE: 26P) (the “Company” or “Temas Resources”), is pleased to announce that, further to its news release dated December 18, 2020 in which Temas Resource stated that it had entered into a Letter of Intent (“LOI”) with Erin Ventures Inc. (“Erin Ventures”) for the joint development of Erin Ventures’ Piskanja Borate Project. The parties have recently concluded their due diligence process with a favourable outcome. Temas Resources and Erin Ventures are now working to complete a definitive binding agreement based on the terms in the LOI. It is anticipated that the definitive agreement will be completed imminently. Piskanja is Erin Ventures’ wholly owned boron deposit with an indicated mineral resource of 7.8 million tonnes (averaging 31.0% B2O3), and an inferred resource of 3.4 million tonnes (averaging 28.6% B2O3). Calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves (“CIM Standards”) as disclosed in Erin Ventures’ report titled “Mineral Resource Estimate Update on the Piskanja Borate Project, Serbia, October 2016 – Amended February 28 2019” prepared by SRK Consulting (UK) Ltd. The responsible persons for the Updated Mineral Resource Estimate are Dr. Mike Armitage (C.Eng., C.Geol.) and Dr. Mikhail Tsypukov, both of whom arefull-time employees of SRK and Qualified Persons in accordance with CIM Standards and independent of Erin Ventures. About Temas Resources Temas Resources Corp. (\"Temas Resources\") (CSE:TMAS) (OTCQB:TMASF) (FSE: 26P) is focused on the advancement of mineral independence and the processes in which minerals are extracted in an environmentally friendly manner. Temas Resources invests in and works to apply green technology across its mining portfolio to reduce the environmental impact and carbon footprint of metal extraction through advanced processing and patented leaching technologies. Temas Resources flagship properties are located in the stable, mining-friendly jurisdiction of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area known as the Grenville Geological Province. The Grenville Geological Province is home to Lac Tio, the largest solid ilmenite deposit in the world. As a mineral exploration company focused on t...