Boron One Holdings Inc. (TSXV:BONE) says its wholly owned operating subsidiary, Balkan Gold d.o.o., has begun this season’s planned field exploration programme at the Jarandol Basin license area in Serbia. The work is intended to assess selected drill targets for potential boron content.
#Exploration programme details
The programme includes geological mapping at a scale of 1:2,500, 75 soil samples, 3 trenches with 33 trench samples, and 4 drill holes totaling approx. 1,400 m. The planned sampling also covers 120 core samples and 65 petro samples.
Boron One says the targets were identified through earlier field work. The current programme is designed to test those locations rather than establish a completed mineral resource or deposit.
#Jarandol license and nearby deposits
The Jarandol Exploration License covers 21.03 km2. It was received in April of 2024, is valid for 3 years and can be extended up to a total of 8 years, subject to Serbian mining regulations.
The license area is adjacent to Boron One’s Piskanja boron project and includes land between Piskanja and the government owned Pobrdje Boron Mine. Pobrdje is located 2.5 km away from Piskanja on the opposite side of the basin.
According to the company, earlier exploration indicated that the basin could contain extensions of the Piskanja deposit or the Pobrdje mine. The company also says the area may contain additional boron deposits that are unrelated to those two known projects.
#Results from earlier drilling
A previous Balkan Gold programme involved 6 exploratory drill holes in an area approximately midway between Piskanja and Pobrdje. All 6 holes returned occurrences of borates, while 3 of the 6 drill holes intersected occurrences that exceeded the company’s economic criteria for grade and thickness.
Reported mineralised intervals included 1.88 meters averaging 41.33% B2O3, 1.3 meters averaging 41.88% B2O3 and 1.75 meters averaging 39.71% B2O3. The current programme is intended to investigate additional targets identified from previous work.
#Mining setting and company cautions
Boron One describes the Jarandol Basin as a historical mining district in southern Serbia. The area has paved roads, rail, power, experienced miners and support industries, and is located 250 km south of Belgrade by all-season, paved roads.
The company cautions that statements about its plans and the advancement of its Piskanja Project through to an exploitation license are forward-looking statements involving substantial known and unknown risks. It says these statements are neither promises nor guarantees.
Risks identified by the company include 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; uncertainty over the availability and costs of future financing; changes in equity markets; inflation; changes in exchange rates; fluctuations in commodity prices; delays in project development; and other risks associated with mineral exploration and development.
#Key Takeaways
- Balkan Gold has commenced this season’s planned field exploration at Boron One’s Jarandol Basin license area in Serbia.
- The programme includes geological mapping, 75 soil samples, 3 trenches, 4 drill holes totaling approx. 1,400 m, 120 core samples and 65 petro samples.
- The license covers 21.03 km2, was received in April of 2024, is valid for 3 years and is extendable up to a total of 8 years subject to Serbian mining regulations.
- Earlier drilling involved 6 exploratory drill holes, with 3 of the 6 intersecting borate occurrences above the company’s stated economic criteria for grade and thickness.
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