Boron One Submits Geological Elaborate for its 100% Owned Piskanja Boron Project
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BORON ONE HOLDINGS INC.
NEWS RELEASE – for immediate release
Boron One Submits Geological Elaborate for
its 100% Owned Piskanja Boron Project
March 20, 2023
Victoria, BC /Accesswire/
Boron One Holdings Inc. (“Boron One” or the “Company” ) [TSXV: BONE], an international mineral
exploration and development company, is pleased to report that a “Geological Elaborate on Resources and
Reserves” for its Piskanja Boron Project has been submitted to the Serbian Mining Ministry. The review and
approval of the Elaborate by an independent commission of local mining experts is the first (of two)
required submissions in order to receive a mineral exploitation license.
Tim Daniels, CEO of Boron One added, “We are very pleased to have submitted the Elaborate for approval.
I would like to thank my technical team for their inexhaustible efforts in creating the Elaborate. While the
Elaborate and our most recently published PEA utilize the same underlying exploration data, the Elaborate
is a much more extensive and complete document, comprising some 3,500 pages. As we proceed diligently
in the licensing process with the Serbian authorities , we are simultaneously intensifying our discussions
with potential strategic partners and product off-takers. As previously announced, we are underway with
the feasibility study process, which is the core study required as the final step in the exploitation licensing
approval process.”
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 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 an international mineral exploration and development company with boron
assets in Serbia. Headquartered in Victoria, B.C., Canada, Boron One’s shares are traded on the TSX Venture
Exchange under the symbol " BONE". For detailed in formation please see Boron One's website at
www.boronone.com or the Company's filed documents at www.sedar.com.
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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
James Wallis, M.Sc. (Eng), P. Eng., a Director of Boron One Holdings Inc., and Nenad Rakic, EurGeol, Piskanja
Project Field Manager , are qualified persons as defined by NI 43 -101, have reviewed the technical
information that forms the basis for this news release, and have 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 sta tements 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 promises 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
materially from those contemplated in these forward -looking statements. Existing and prospec tive 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 actual 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 metallurgical 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 infor mation 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 c autioned
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 Exchange 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.