May 14 (SeeNews) - Canada-based mineral exploration and development company Erin Ventures has finalised its planning for the 2019-2020 work programme on its wholly owned Piskanja boron project in Serbia, it said.
The programme should be submitted for licence renewal prior to its expiration in September 2020 and drilling will be completed in approximately a 60-day period, once commenced, Erin Ventures said in a filing with the Toronto Stock Exchange on Monday.
The planned work includes diamond drilling of five HQ diameter horizontal holes, four SQ diameter horizontal diamond drill holes, two PQ diameter structural drill holes and one SQ diameter drill hole, Erin Ventures said. In addition, a small-scale metallurgical study, a continuing hydrogeological study and a mineralogy/petrology/sedimentology study will be conducted in tandem with the drilling,
The completion of the programme will continue to advance the fundamentals of the Piskanja project towards feasibility, as well as ensure that Erin is compliant with its obligations in order to keep its exploration license in good standing and extend it into the next license period, the company added.
Subject to the availability of funds and adequate time in this exploration period, Erin is planning additional works on Piskanja designed to take the project through to feasibility, in preparation for a mining licence application.
Piskanja is Erin Ventures’ wholly-owned high-grade boron deposit with an indicated mineral resource of 7.8 million tonnes, and an inferred resource of 3.4 million tonnes, calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves.