Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

ECR Minerals focuses efforts on Australia drilling

ECR, after a recent fundraising, said it was also looking to start drilling at its Argentinian projects in the "near future".
ECR Minerals focuses efforts on Australia drilling
In Australia, the immediate focus is on the Byron area at the Bailieston project

ECR Minerals PLC (LON:ECR) has unveiled its latest six month report, at a time when it has restarted drilling.

"In the past few weeks, the company has completed an initial drilling programme in the Byron area, the first of a number of targets planned for testing at its 100%-owned gold projects in Victoria, Australia," it said.

ECR, after a recent fundraising, said it was also looking to start drilling at its Argentinian projects in the "near future".

In Australia, the immediate focus is on the Byron area at the Bailieston project, where a 592 m (metre) reverse circulation (RC) drilling programme was recently completed.

The programme consisted of seven holes intended to target extensions to the high-grade mineralisation, which was mined historically and hit by drilling in the 1980s.

ECR noted that numerous high grade results have been reported from the Fosterville mine, which lies around 30km from the Bailieston project and owned by Kirkland Lake Gold.

The Costerfield gold mine, which is owned by Mandalay Resources also lies 30km from Bailieston.

The results of the Byron drilling are expected to be available within the next 1-2 months.

The loss for the six months was £433,804, against a loss of £433,119 in the same period in 2016.

Net assets were £2.38mln as end March 2017 compared with £1.9mln at the end of March last year.

View full ECR profile View Profile

ECR Minerals PLC Timeline

Related Articles

Lydian International will be one of the few gold companies to go into production this year
January 09 2018
Lydian International is one of only a handful of companies taking gold projects into production this year
picture of mine interior
January 15 2018
Caledonia retains operational control of Blanket and ownership of 49% of the mine in Zimbabwe
Mowana copper mine
May 12 2017
A Competent Persons Report has also been published which takes Alecto one step closer to resuming trading on AIM

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use