Sorry for raising your hopes but I couldn't resist - The name of the company should have given you a hint though !
The date of this NR:
Jun 27, 2013 !!! Erin Ventures Inc. [TSX-V: EV] has commenced the mining license approval process for its Piskanja boron property in Serbia.
The requisite first step in the Serbian mineral exploitation licensing process is the submission of a Geological Elaborate to the Serbian Ministry of Mining, which Erin has now done. Erin’s Geological Elaborate is the compilation of several studies (based upon the exploration work concluded by Erin), including a resource calculation, beneficiation testing of materials from the deposit, a preliminary economic study, engineering, hydrogeology, and other studies. Erin requires approval of the Elaborate by the Serbian Mining Ministry, which results in the grant of a “Certificate of Reserves”.
Upon receiving the “Certificate of Reserves”, Erin may then proceed with the submission of other documentation which is required for a mining license to be issued. The second step of the approval process is the granting of an “Approval of Exploitation with Exploitation Field”. In order for Erin to secure this second approval it must submit a (Serbian compliant) feasibility study, an environmental impact assessment and base line study, along with opinions from the municipal urban planning authority, the environmental protection agency, and the institute in charge of cultural heritage protection.
The final step in the licensing application process is the “Approval of Mining Works” which includes the first two approvals plus proof of ownership (or usage rights, easements, etc.) of the land designated for construction of mining facilities, an approved final mining design, and an opinion from the ministry responsible for water management regarding any water management agreements required.
It is anticipated that this mineral exploitation licensing process will take several months to complete. There is no assurance that Erin will receive all the required approvals. While the license process is underway, Erin intends to continue with exploration of other areas of the Jarandol Basin between the two known borate deposits, and with step out drilling of the Piskanja deposit (which remains open and untested in two directions), while concurrently preparing the documentation required as part of the licensing process and continuing its discussions with potential strategic partners and financiers.