Proactiveinvestors recommends
Stocktube video
27/05/2011

Patrick Harford, ECR Minerals, says the Argentinian gold project could have some exciting results

View full size
Additional Information
Market: AIM
Sector: General Mining - Gold
EPIC: ECR
Latest Price: 0.53p  (6.00% Ascending)
52-week High: 2.73p
52-week Low: 0.49p
Market Cap: 3.86M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
ECR Minerals
www.ecrminerals.com

ECR Minerals (formerly Electrum Resources) plc is a diversified mining investment company with quality assets and the capability to undertake significant, value accretive transactions. ECR Minerals is dedicated to creating value for its shareholders through a process of finding value, adding value and realising value. In order to achieve this, Electrum Resources is able to access a pipeline of projects sourced from its global network and utilises the expertise of its directors and advisers.

ECR Minerals holds interests in the USA, Argentina, Indonesia, Thailand and Australia.

Full ECR Minerals profile here
Is ECR a Buy, Sell or Hold?Get your FREE analysis of ECR
Pdf

ECR Minerals raises £550,000 for El Abra drilling

20th Jan 2012, 5:10 pm by Sergei Balashov ECR Minerals has raised £550,000 to advance its Sierra de las Minas gold project in Argentina

ECR Minerals (LON:ECR) has raised £550,000 to advance its Sierra de las Minas gold project in Argentina, where it is currently working to establish the feasibility of near term production.

The AIM quoted gold company has placed 55 million shares at a price of one pence per share. Most of the proceeds will be used to fund work programmes planned at Sierra de las Minas including the drilling of the El Abra prospect, which is scheduled to kick off in February.

Back in December, the company raised £375,000 in a placing and a drawdown of the Standby Equity Distribution Agreement (SEDA) with Yorkville Advisors fund YA Global for its work programme at Sierra de las Minas.

“We believe it is prudent to have further strengthened ECR’s financial position as we enter a very exciting phase of the company’s development,” said managing director of ECR Minerals Patrick Harford.

"The funds raised will enable us to maintain the pace of activities at our Sierra de las Minas project area in Argentina, where we are working to establish the feasibility of near term gold production from one or more of the prospects at which high grade mineralisation has been identified to date."

Earlier this month, ECR said it would soon re-enter and sample the historic mine workings at El Abra. This work will help the firm get an understanding of the El Abra system at depth.

ECR said it now expects to report the results of initial metallurgical testwork on samples from the project in the near future.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). 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.