De Panama property is nooit door Erin zelf verkocht. Daar ging het om een voorlopige overeenkomst tegen 5$/ounce, van een gebied waarvan de rechten lagen bij/afhankelijk waren van de voormalige werknemers, na een faillissement van dat bedrijf. Daar zijn op een gegeven moment bepaalde vergunningen niet toegekend - wat op zich niet onlogisch is, gezien de sterk gestegen goudprijs. Daar zijn mensen zich op hun hoofd gaan krabben. Ook een beroepsprocedure, bracht geen soelaas.
De placer/dredge activiteiten in Belize zijn verkocht. Weet niet precies aan wie. Maar daar is volgens mij nooit sprake geweest van officiële resources twv 1 miljard. Het idee was daar om met de opbrengsten van het dredgen de bron van het goud op te gaan sporen.
Het mineral mining verhaal is uiterst vaag. Als je even doorzoekt kom je via google (ook) bij een website van S and A capital uit (houder van de domeinnaam), wat een investment bank zou moeten zijn. De gebruikte quotes zijn letterlijk van EV gekopieerd.
Wat een catch zou kunnen zijn, is dat EV op 31 aug 2010 rept van een gebied van 3 km2 dat waar ze een license voor hebben gekregen:
VICTORIA, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2010) - Erin Ventures Inc. (TSX VENTURE:EV - News) is pleased to report that it has been granted an exploration license for the Piskanja boron deposit in Serbia, by the Serbian Ministry of Mining and Energy. The license covers an area of approximately 3 square kilometres, and includes the entire known historical mineralized area along with a substantial amount of previously unexplored ground. This development signals the return of the entire license area previously held by Erin Ventures.
In 1997 was echter sprake van een grotere concessie, van 45 km2.
Note: de resources waar steeds over is gesproken, en waar de waardeschatting van EV op is gebaseerd, vallen onder Piskanja, waar EV dus expliciet de license voor heeft gekregen / rechten heeft.
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1997
Drill hole summary - Piskanja borate deposit
Erin Ventures Inc EV
Shares issued 10,713,333 Aug 18 close $1.82
Tue 19 Aug 97 News Release
Mr Tim Daniels reports
Ras-Borati, the joint venture company formed to manage and develop the recently acquired borate deposits near Baljevac in the Federal Republic of Yugoslavia, has been legal certified in Serbia.
The known Baljevac borate reserves are contained in two separate deposits known as the Pobrdski Potok on the north side of the Jarandol sedimentary basin, and the Piskanja deposit on the south side of the basin. The bulk of this 45 sq km basin, which is controlled by Ras-Borati, has excellent potential for hosting additional reserves and has not been subjected to exploration drilling.
The larger of the two known deposits, the Piskanja, has a partially drill proven and probable colemanite-ulexite reserve of some 7,000,000 tonnes of 39% boron with an average thickness of 4.5 metres for the upper bed and 3.5 metres for the lower bed. The deposit is open both to the south and the east. Evaluation of the drill hole data clearly indicates that the Piskanja deposit has the potential of hosting additional borate reserves that would place it on a level with other known world class borate deposits such as those in California and Turkey.
Exploration to date on the Pobrdski Potok deposit consisting of detailed drilling and underground bulk testing, has defined proven, drill proven and probable reserves of 140,000 tonnes of 37% boron in an upper and lower bed with an average thickness of one metre.
The current season's drilling program is designed to expand existing reserves at Piskanja and to define both structural and geotechnical parameters. Based on the information derived from this program, a full scale feasibility study will follow.
A series of preliminary beneficiation and hydro-metallurgical studies on bulk borate samples from the Pobrdski Potok deposit have been conducted by the Institute for Nuclear and Metallurgical Studies in Belgrade to investigate the feasibility of competitively producing marketable products from these borates. The studies indicate that the borate ore can be readily upgraded to produce a marketable grade of colemanite concentrate and that both the sodium and calcium borates can be leached to produce a high purity (99.67%) technical grade boric acid.
Borate minerals and refined borate products are used extensively world wide in the manufacture of vitreous products such as fiberglass insulation, textile fiberglass, borosilicate glass, ceramic glazes and porcelain enamels. These applications account for approximately 60% of borate consumption with detergents, fire retardants, metallurgy, agriculture, insecticides, wood preservatives and specialty products accounting for the remainder. The most important borate minerals from a world wide commercial standpoint are borax, ulexite and colemanite. These are produced in a
limited number of countries, dominated by the US and Turkey, which together furnish approximately 80% to 85% of the world's borate supplies. The remainder of demand is filled by high cost - low grade products primarily from South America. As a result, approximately 20% of this US$1.3 billion world market is available to a new producer of high quality, competitively priced boron products. Market prices reflect the relative scarcity of borates with prices averaging US$250/t for colemanite concentrate, $650 - $750/t for boric acid, and up to $150/kg for specialty boron oxides.