The Geological and Mining Institute in Belgrade has taken a cursory look at mineral resources for the
Piskanja Deposit based on existing drill results and have calculated that borate resources in all categories
are approximately 7 million tonnes with an average grade of 39 percent B203. A quick approximation of
the resource tonnage, based on a drilled plan area of 350,0002 meters (700 m X 500 m) and 2 BEDS with a
total thickness of 8 meters with 1 meter3 weighing 2.5 tonnes, calculates to be approximately 6.9 million
tonnes. Further detailed drilling is a necessity before refinements to the resource and grade are warranted.
Look at some of our holes :
Hole #101 returned a total of 18.9 metres of high-grade borates within the two main beds, including intersections of: 11 metres of 44% B2O3; 2.9 metres of 48.9% B2O3; and 2.8 metres of 43.7% B2O3.
Hole #116 returned a total of 17.75 metres of high-grade borates in 6 zones, including a 5.3 metre zone averaging 46.8 percent B2O3, over the mineralized region. Now look at the area between the two deposits, and then look at the size of our new license (35km2)
"The minerals occur in a chain of sedimentary basins extending along the Balkan peninsula, with JARANDOL perhaps having the most borates.
The 100-kmsq. basin was once twice that large, containing a lake with deep and narrow southern shores and extensive shallow northern margines. There are serveral boron-rich (up to 2000ppmB) HOT SPRINGS IN THE BASIN.
PURE ulexite (NaCaB5)9-8H2O) and colemanite were usually found in the central section,
In 1996 this area was announced as "A NEW BORON DEPOSIT ESTIMATED TO CONTAIN 10 million metric tons of reserves" (Anon.,1996).
All 3 outfits who have drilled the Piskanja have all come up with the same very high grades!
All 3 have had intersections of over 50%B2O3