Key Highlights
- Boron One Holdings applied for a new three-year exploration licence for its Piskanja boron project.
- The application is intended to replace the current licence for the same area, which expires in January 2027.
- The proposed work includes step-out and infill drilling aimed at expanding and upgrading the mineral resource.
Boron One Holdings Inc. (TSXV: BONE) has applied for a new three-year exploration licence for the Piskanja Project area in Serbia, the company announced. The licence application is intended to replace the companys existing exploration licence covering the same area, which expires in January 2027.
Boron One said the application is intended to maintain its exclusive exploration rights over the project area while it advances the exploitation field approval process and evaluates opportunities to expand the known mineral resource at Piskanja.
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Proposed drilling program at Piskanja
Boron One outlined a proposed exploration program under the new licence that includes step-out drilling to test extensions of the known mineral resource. The company said the deposit remains open to the west and south, and that previous drill holes completed about 200 metres beyond current resource boundaries in those directions intersected borate mineralization of potentially economic thickness and grade. The proposed drilling is intended to evaluate the continuity and extent of that mineralization and its potential to support a future resource expansion.
The company also plans infill drilling in the central portion of the deposit. Boron One said this work is intended to support conversion of existing mineral resources to the measured category and to evaluate whether lower-grade mineralized intervals could be included in future mineral resource estimates.
Piskanja resource figures cited from October 2026 report
Boron One described Piskanja as a boron deposit with a measured mineral resource of 1.05 million tonnes averaging 34.78% B2O3, and an indicated mineral resource of 6.09 million tonnes averaging 31.99% B2O3. The company said the estimate was calculated in accordance with the Canadian Institute of Mining Definition Standards on Mineral Resources and Reserves and disclosed in its report titled, “Technical Report and Preliminary Economic Assessment For The Piskanja Borate Project, Serbia, October 12, 2026.”
According to the release, the responsible person for the preliminary economic assessment and the mineral resource estimate in that report is Prof. Miodrag Banje1evic PhD, P.Geo, EurGeol, who is described as independent of Boron One. The company also said Nenad Rakic, EurGeol, an employee of Boron One, reviewed and approved the technical disclosure in the news release under National Instrument 43-101.
The original press release is available on stockhouse.com
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