RE: RE: RE: RE: RE: Erin's Serbian Boron Property This should be the last of the drilling needed to apply for a mining licence. They can still meet their deadline to apply before Dec. 31, 2012. Will be nice to have a confirmed resource estimate of 6.5+ million tonnes on the books.
From the July 31, 2012 Serbian Boron Project Update.
Twenty-eight drill holes (approximately 10,100 metres) have been completed in Erin's current program. Seven additional drill holes are required in order to complete the 100 m X 100 m grid across the licensed area. It is anticipated that these holes will be complete by September. The completion of this drill phase will permit a Serbian compliant resource estimate, as required for a mining license application.
If, as and when a mining license is issued, Erin expects to proceed with the detailed studies required for a Serbian feasibility study. As part of this next development phase, as reported by SRK, Erin is planning additional in-fill drilling totaling approximately 9,000 metres on a 50 metre by 50 metre grid over a portion of the licensed area. This development drilling would occur only after the receipt of a mining license.