Erin Ventures Inc.: Erin Ventures Receives Boron Property License Extension
VICTORIA, BC / ACCESSWIRE / May 6, 2021 / Erin Ventures Inc. (TSXV:EV) is pleased to report that it has received a license extension for its Piskanja Boron Project, in accordance with the Serbian Law on Mining and Geological Exploration. The license renewal grants Erin until September 25, 2023 to complete the necessary studies and gain approval for the Certification of Reserves and the Approval of the Exploitation Field , as the first two (of three) steps in the mineral exploitation and mine licensing approval process, as per Erin s request.
The Certification of Reserves process consists primarily of the submission and approval of a Serbian compliant Mineral Resource Calculation and Technical Economic Assessment, which approximates to a CIM compliant Preliminary Economic Assessment (PEA) in scope and degree of confidence. The Approval of the Exploitation Field consists primarily of the submission and
Cautionary Statements
The fully Integrated Project PEA referred to in this announcement has been undertaken to determine the potential viability of the integrated project comprising a mine/concentrator and chemical plant in northern Ontario and to reach a decision to proceed with more definitive studies. This PEA is preliminary in nature, includes inferred mineral resources that are considered too geologically speculative to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty the PAK Lithium Project outlined by the PEA will be realized. The Company has concluded it has a reasonable basis for providing the forward-looking statements included in this announcement and believes that it has a reasonable basis to expect it will be able to fund the development of the Integrated Project. Given the uncertainties involved, investors should not make any investment decisions based solely on the results of the PEA