Temas Resources and Erin Ventures Ready Agreement for the Joint Development of Piskanja Boron Project
Temas Resources and Erin Ventures Ready Agreement for
the Joint Development of Piskanja Boron Project
VANCOUVER, British Columbia, April 14, 2021 ― Temas Resources Corp. (CSE: TMAS,
OTCQB: TMASF, FSE: 26P) (the “Company” or “Temas Resources”), is pleased to announce
that, further to its news release dated December 18, 2020 in which Temas Resource stated
that it had entered into a Letter of Intent (“LOI”) with Erin Ventures Inc. (“Erin Ventures”)
for the joint development of Erin Ventures’ Piskanja Borate Project. The parties have
recently c oncluded their due diligence process with a favourable outcome. Temas
Resources and Erin Ventures are now working to complete a definitive binding agreement
based on the terms in the LOI. It is anticipated that the definitive agreement will be
completed imminently.
Figure 1 3D Model showing the indicated and inferred resource at Piskanja
Piskanja is Erin Ventures’ wholly owned boron deposit with an indicated mineral resource
of 7.8 million tonnes (averaging 31.0% B 2O3), and an inferred resource of 3.4 million
tonnes (averaging 28.6% B2O3). Calculated in accordance with the Canadian Institute of
Mining Definition Standards on Mineral Resources and Reserves (“CIM Standards”) as
disclosed in Erin Ventures’ report titled “Mineral Resource Estimate Update on the Piskanja
Borate Project, Serbia, October 2016 – Amended February 28 2019” prepared by SRK
Consulting (UK) Ltd. The responsible persons for the Updated Mineral Resource Estimate
are Dr. Mike Armitage (C.Eng., C.Geol.) and Dr. Mikhail Tsypukov, both of whom arefull-
time employees of SRK and Qualified Persons in accordance with CIM Standards and
independent of Erin Ventures.
About Temas Resources
Temas Resources Corp. ("Temas Resources") (CSE:TMAS) (OTCQB:TMASF) (FSE: 26P) is
focused on the advancement of mineral independence and the processes in which min -
erals are extracted in an environmentally friendly manner. Temas Resources invests in
and works to apply green technology across its mining portfo lio to reduce the environ -
mental impact and carbon footprint of metal extraction through advanced processing and
patented leaching technologies.
Figure 2 Drill Hole EVP2012-118 showing high grade boron mineralization
Temas Resources flagship properties are located in the stable, mining-friendly jurisdiction
of Quebec (Canada) bordering Vermont, Maine, and New York State (U.S.) in an area
known as the Grenville Geological Province. The Grenville Geological Province is home to
Lac Tio, the largest solid ilmenite deposit in the world.
As a mineral exploration company focused on the environmentally friendly acquisition,
exploration and development of Iron, Titanium, and Vanadium properties in a socially
responsible manner, Temas Resources has focused its efforts on advancing two major
projects in the Grenville Geological Province area. The first, the DAB Property, is an option
for 100% interest consisting of 128 contiguous mineral claims which covers 6,813.72
hectares (68.14 km2) within the Grenville Geological Province. The flagship, the La Blache
Property, is 100% ownership of 48 semi-contiguous mineral claims which cover 2,653.25
hectares (26.53 km 2) within the Grenville Geological Province. All public filings for the
Company can be found on the SEDAR website www.sedar.com. For more information
about the Company, please visit www.temasresources.com.
About Erin Ventures
Erin Ventures Inc. (“Erin Ventures”) is an international mineral exploration and develop -
ment company with boron assets in Serbia. Headquartered in Victoria, B.C., Canada, Erin
Ventures’ shares are traded on the TSX Venture Exchange under the symbol “EV”. For
detailed information, please see Erin’s website at www.erinventures.com or the
Company’s filed documents at www.sedar.com.
Qualified Person
Rory Kutluoglu, B.Sc, P.Geo, is the Qualified Person as defined by NI 43-101 who has re-
viewed and approved the technical information contained within this press release.
On behalf of the Board of Directors of Temas Resources Corp.,
“Kyler Hardy”
Director
Contact Information:
For further information or investor relations inquiries, please contact us:
Nick Spencer
Investor Relations
www.temasresources.com
or
Dave Burwell
Vice President
The Howard Group Inc.
Email: [email protected]
Tel: 403-410-7907
Toll Free: 1-888-221-0915
For inquiries on using the Temas family of technologies please contact:
Michael Dehn
President and CEO
E-mail: [email protected]
Tel: 647-477-2382
Forward Looking Statements
This news release includes certain “Forward-Looking Statements” within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and “forward-looking
information” under applicable Canadian securities laws. When used in this news release,
the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”,
“would”, “could”, “schedule” and similar words or expressions, identify forward- looking
statements or information.
Forward-looking statements and forward-looking information relating to any future mineral
production, liquidity, enhanced value and capital markets profile of Temas Re sources,
future growth potential for Temas Resources and its business, and future exploration plans
are based on management’s reasonable assumptions, estimates, expectations, analyses
and opinions, which are based on management’s experience and perc eption of trends,
current conditions and expected developments, and other factors that management
believes are relevant and reasonable in the circumstances, but which may prove to be
incorrect. Assumptions have been made regarding, among other things, the price of iron,
titanium, vanadium and other metals; no escalation in the severity of the COVID-19
pandemic; costs of exploration and development; the estimated costs of development of
exploration projects; Temas Resources’ ability to operate in a safe an d effective manner
and its ability to obtain financing on reasonable terms.
These statements reflect Temas Resources’ respective current views with respect to fu-
ture events and are necessarily based upon a number of other assumptions and estim-
ates that, while considered reasonable by management, are inherently subject to signific-
ant business, economic, competitive, political and social uncertainties and contingencies.
Many factors, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward-looking statements or forward-
looking information and Temas Resources has made assumptions and estimates based on
or related to many of these factors. Such factors include, without limitation: the Com-
pany’s dependence on one mineral project; precious metals price volatility; risks associ-
ated with the conduct of the Company’s mining activities in Quebec; regulatory, consent
or permitting delays; risks relating to reliance on the Company’s management team and
outside contractors; risks regarding mineral resources and reserves; the Company’s in-
ability to obtain insurance to cover all risks, on a commercially reasonable basis or at all;
currency fluctuations; risks regarding the failure to generate sufficient cash flow from op-
erations; risks relating to project financing and equity issuances; risks and unknowns in-
herent in all mining projects, including the inaccuracy of reserves and resources, metal-
lurgical recoveries and capital and operating costs of such projects; contests over title to
properties, particularly title to undeveloped properties; laws and regulations governing
the environment, health and safety; the ability of the communities in which the Company
operates to manage and cope with the implications of COVID-19; the economic and fin-
ancial implications of COVID-19 to the Company; operating or technical difficulties in
connection with mining or development activities; employee relations, labour unrest or
unavailability; the Company’s interactions with surrounding communities and artisanal
miners; the Company’s ability to successfully integrate acquired assets; the speculative
nature of exploration and development, including the risks of diminishing quantities or
grades of reserves; stock market volatility; conflicts of interest among certain directors
and officers; lack of liquidity for shareholders of the Company; litigation risk; and the
factors identified under the caption “Risk Factors” in Temas Resources’ management dis-
cussion and analysis. Readers are cautioned against attributing undue certainty to for-
ward-looking statements or forward-looking information. Although Temas Resources has
attempted to identify important factors that could cause actual results to differ materi-
ally, there may be other factors that cause results not to be anticipated, estimated or in-
tended. Temas Resources does not intend, and does not assume any obligation, to up-
date these forward-looking statements or forward-looking information to reflect changes
in assumptions or changes in circumstances or any other events affecting such state-
ments or information, other than as required by applicable law.