Boron One Submits Application for a New Jarandol Basin Exploration License
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BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Submits Application for a New
Jarandol Basin Exploration License
February 22, 2024
Victoria, Canada [ACCESSWIRE]
Boron One Holdings Inc. (“Boron One” or the “Company”) [TSXV: BONE], a company dedicated to the
decarbonization of Planet Earth through the responsible utilization of its boron assets, is pleased to
report that it has submitted an application to re-acquire an exploration license for the Jarandol Basin
in Serbia, which was previously held by the Company from 2013 to 2018. The Jarandol License
application covers 20.97 square kilometers and includes all territory directly adjacent to, and in
between, both Boron One’s 100% owned Piskanja boron project on the eastern edge of the Jarandol
Basin, and the Serbian government owned 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.
In a previous drill program conducted by Boron One (as reported by the Company on December 22,
2015), all 8 drill holes returned occurrences of borates. Additionally, 3 of the drill holes intersected
2 borate beds of potential commercial grade and thickness.
About the Jarandol Basin
The Jarandol Basin is a well -known historical mining district in southern Serbia which hosts two
known boron deposits, an operating coal mine, and a (now depleted) magnesite mine. The Basin
hosts excellent infrastructure for mining including local paved ro ads, rail, power, experienced
miners, and sufficient support industries, located 250 km south of Belgrade by good paved roads.
The Jarandol Basin is a Miocene age tertiary deposit located within the Vardar Belt of Neogene
lacustrine deposits of evaporates. The Vardar Belt contains the world’s richest borate deposits,
including those found in Turkey, which are of similar genesis to the Serbia borate deposits.
About the Piskanja Boron Project
Piskanja is Boron One Holdings Inc.’s wholly owned boron deposit with a Measured Mineral
Resource of 1.39 million tonnes (averaging 35.59% B2O3), an Indicated Mineral Resource of 5.48
million tonnes (averaging 34.05% B2O3), and an Inferred Mineral Resource of 284.7 thousand
tonnes (averaging 39.59% B2O3), calculated in accordance with the Canadian Institute of Mining
Definition Standards on Mineral Resources and Reserves (CIM Standards), as disclosed in the
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Company’s report titled, “Technical Report and Preliminary Economic Assessment For The Piskanja
Borate Project, Serbia, June 24, 2022”. The responsible person for the PEA and the Mineral Resource
Estimate contained within, is Prof. Miodrag Banješević PhD. P.Geo, EurGeol, a Qualified Person in
accordance with the CIM Definition Standards on Mineral Resources and Reserves (CIM Standards),
and independent of Boron One Holdings Inc.
On behalf of the Board of Directors,
Tim Daniels
About Boron One Holdings Inc. (formerly known as Erin Ventures Inc.)
Boron One Holdings Inc. is a leading company dedicated to advancing the decarbonization of our
planet through the responsible utilization of its wholly owned boron assets. With a commitment to
environmental stewardship and sustainability, Boron One aims to play a crucial role in reducing the
carbon footprint and supporting a cleaner, greener future.
Headquartered in Victoria, B.C., Canada, Boron One’s shares are traded on the TSX Venture
Exchange under the symbol "BONE". For detailed information please see Boron One's website at
www.boronone.com or the Company's filed documents at https://www.sedarplus.ca/.
For further information, please contact: Boron’s Public Quotations:
Blake Fallis, General Manager TSX Venture: BONE
Phone: 1-250- 384-1999 or 1-888-289-3746 Berlin: EKV
[email protected] US: SEC 12G3-2(B) #82-4432ERVFF
www.boronone.com OTCBB: ERVFF
Qualified Persons
Nenad Rakic, EurGeol, Piskanja Project Field Manager, a qualified person as defined by NI 43 -101,
has reviewed the technical information that forms the basis for this news release, and has approved
the disclosure herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
For Boron One Holdings Inc. Investors
Certain statements made in this press release that are not based on historical information are
forward-looking statements that involve substantial known and unknown risks and uncertainties.
This press release contains express or implied forward-looking statements relating to, among other
things, Boron One’s expectations concerning management's plans, objectives and strategies,
including its plans for advancing the Company's Piskanja Project through to an exploitation license.
These statements are neither pr omises nor guarantees but are subject to a variety of risks and
uncertainties, many of which are beyond our control, and which could cause actual results to differ
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materially from those contemplated in these forward-looking statements. Existing and prospective
investors are cautioned not to place undue reliance on these forward -looking statements, which
speak only as of the date hereof. Factors that could cause actua l results to differ materially from
any forward-looking statement include, but are not limited to, failure to convert estimated mineral
resources to reserves, capital and operating costs varying significantly from estimates, the
preliminary nature of metal lurgical test results, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, political risks, uncertainties relating to the
availability and costs of financing needed in the future, changes in equity markets, inflation, changes
in exchange rates, fluctuations in commodity prices, delays in the development of projects and the
other risks involved in the mineral exploration and development industry.
Boron One Holdings Inc. undertakes no obligation to update or revise the information contained in
this press release, whether as a result of new information, future events or circumstances or
otherwise except as expressly required by applicable securities law. Further information regarding
the uncertainties and risks can be found in the disclosure documents filed by Boron One with the
securities regulatory authorities, available at www.sedar.com. These and other factors made in
public disclosures and filings by the Company should be considered carefully.
Mineral resources are not mineral reserves and do not have demonstrated economic viability.
"Inferred Resources" have a great amount of uncertainty as to their existence, and economic and
legal feasibility. Investors are cautioned not to assume that all or any part of an inferred mineral
resource reported in this news release will ever be upgraded to a higher category or to reserves.
U.S. persons are advised that while mineral resources are recognized under Canadian regulations,
the U.S. Securities and Exc hange Commission does not recognize them. U.S. persons are also
cautioned not to assume that all or any part of an inferred mineral resource is economically or
legally mineable.