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Erin Ventures Reacquires Interest in Jarandol Boron Property Exploration License

Mining News - Published on Fri, 21 Feb 2020

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Erin Ventures Inc announced that it has entered into an agreement to re-acquire an interest in the Jarandol Basin Exploration License 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).

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Posted By : Rabi Wangkhem on Fri, 21 Feb 2020
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