Proactiveinvestors United Kingdom ECR Minerals PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom ECR Minerals PLC RSS feed en Tue, 16 Jul 2019 23:18:05 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - ECR Minerals starts rock chip sampling programme at Timor gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/223913/ecr-minerals-starts-rock-chip-sampling-programme-at-timor-gold-project-223913.html Precious metals explorer ECR Minerals PLC (LON:ECR) has started rock chip sampling at the Timor gold project in Victoria, Australia.

The field team is collecting samples from the rock dumps of old gold workings on the licence area, which will help to establish the style of mineralisation present.

So far, 91 samples have been collected from Timor and submitted to the laboratory for assay testing.

READ: ECR steps up exploration in Victoria and WA

A recent documentary about gold prospecting was filmed in the Victorian Goldfields, close to some of ECR’s licence areas.

In the documentary, a 2.2kg gold nugget worth an estimated US$200,000 was discovered in an old alluvial channel, about 5km from the boundary of the Timor licence.

“I am pleased to confirm that the rock dump sampling from old workings is now underway at the Timor Gold Project and look forward to the findings from this work,” said chief xecutive Craig Brown.

“We are aware of many prospectors searching for gold in and around the company’s licence areas, and that includes the Timor gold project. This is interesting and demonstrates the potential of our ground.

“However, it is worth noting that should ECR make a discovery within its licence areas, it would be seeking to implement a significant commercial gold production operation which has a different scale to that seen in local prospecting and for which extensive preparatory planning and execution would be needed.”

ECR shares were down 2.5% to 0.95p on Monday morning.

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Mon, 15 Jul 2019 11:40:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223913/ecr-minerals-starts-rock-chip-sampling-programme-at-timor-gold-project-223913.html
<![CDATA[RNS press release - Update – Timor Gold Project - Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190715005338/ Mon, 15 Jul 2019 10:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190715005338/ <![CDATA[News - ECR Minerals steps up exploration in Victoria and WA ]]> https://www.proactiveinvestors.co.uk/companies/news/223615/ecr-minerals-steps-up-exploration-in-victoria-and-wa-223615.html  

ECR Minerals has a clutch of gold exploration prospects in Australia Five are in Victoria where one, Blue Moon at Bailieston, has been declared a discovery after bumper grades were unearthed. Company is also exploring at Windidda in Western Australia Legacy projects are in the Philippines and Argentina

 

How is it doing

Victoria

Craig Brown, ECR Minerals PLC (LON:ECR) chief executive, said the drilling results at Blue Moon show that gold mineralisation intensifies further west and have given ECR a clear action plan to follow the system.

"We are excited by the findings and will continue our work at Blue Moon and other prospects in the Bailieston project area, with our strategic objective remaining a multi-million ounce gold discovery.”

Companies prospects in Victoria are Bailieston, Avoca, Timor, Creswick and Moormbool.

ECR has just started work on the Timor prospect with a program of “reconnaissance rock dump sampling” from the old workings, which may be followed by a GPS survey and finally this could be followed by a drilling program on the best developed targets.

At Creswick, ECR is looking at ways to speed up testing and “aggressively” advance the project.

 

Western Australia

In April, ECR started to airborne and ground geophysics data for the Windidda.

The aim is to identify targets that are amenable to cost effective air core drilling, which will allow a rapid assessment of the project’s gold potential.

 

What the boss says: Craig Brown, chief executive

 “Everybody regards Western Australia as a very promising area to work in.”

The opportunity on the new ground is enhanced because it comes with pre-existing data.

“There was some work completed in the 1980s and 1990s,” says Brown.

“But they were looking for nickel at the time, and they also found molybdenum.

 “At Bailieston we want to go back and have a look at Blue Moon, Black Cat and Byron targets.”

 

Video

 

Inflexion points Further exploration updates from ECR Results from drilling nearby in what has become a very active gold exploration area ECR has a strong cornerstone investor in  Shenyang Xinliaoan Machinery ]]>
Tue, 09 Jul 2019 15:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223615/ecr-minerals-steps-up-exploration-in-victoria-and-wa-223615.html
<![CDATA[News - ECR Minerals encouraged by "exciting developments" at its projects this year ]]> https://www.proactiveinvestors.co.uk/companies/news/223015/ecr-minerals-encouraged-by--exciting-developments--at-its-projects-this-year-223015.html Pre-revenue gold mine developer ECR Minerals PLC (LON:ECR) said the last nine months or so have been marked by a series of exciting developments.

In its results statement for the six months to the end of March, the company said the first half of the calendar year 2019 saw significant drilling activity at the Creswick gold project in Victoria, and at the Black Cat and Blue Moon gold prospects within the Bailieston project area.

READ ECR Minerals begins exploration work at third Victorian site

The focus of on-the-ground activities was and continues to be the projects in the state of Victoria but the company stressed that the applications lodged in December 2018 for the exploration licences, which will comprise the Windidda gold project in Western Australia, are also important.

Windidda represents a strategic move by ECR into the Yilgarn Craton which, like Victoria, is one of the world’s major gold provinces, the company’s chief executive officer, Craig Brown, said.

While waiting for the licences to be granted, consultants have already begun geophysical data processing and modelling to determine structural trends within, and the depth to, the interpreted buried Archean greenstones.

As for the profit & loss statement, the half-year loss held steady at £282,562 versus a loss the year before of £247,945, despite administrative expenses rising to £432,387 from £240,719; the losses were offset by a tax refund of £175,188.

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Fri, 28 Jun 2019 08:06:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223015/ecr-minerals-encouraged-by--exciting-developments--at-its-projects-this-year-223015.html
<![CDATA[RNS press release - Unaudited Half-Yearly Results for the Six Months Ended 31 March 2019 ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190627005780/ Fri, 28 Jun 2019 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190627005780/ <![CDATA[News - ECR Minerals begins exploration work at third Victorian site ]]> https://www.proactiveinvestors.co.uk/companies/news/222781/ecr-minerals-begins-exploration-work-at-third-victorian-site-222781.html ECR Minerals PLC (LON:ECR) has begun exploring for gold exploration at the Timor gold project in Victoria, Australia after completing a review of the site.

A review of Timor, the third active project of ECR’s five Victorian plays, highlighted multiple gold exploration targets in historically mined areas, with some areas of high-grade gold deposits that were not developed fully at depth due to the limitations of mining technology at the time, but now have potential for modern open cut and underground mining techniques.

READ: ECR Minerals gets 'aggressive' with plans to advance Creswick gold project

Chief executive Craig Brown said: “Most of the targets identified to date relate to previously mined areas within the project and our work will be focused on the areas occupied by the more historically successful gold producing operations.”

Operations in the past have been affected by what ECR called “metallurgical challenges”, though Brown is confident that there is a significant opportunity to “identify and process gold mineralisation at potentially very high grade by applying modern processing techniques to resolve processing challenges that limited production many years ago”.

Initial exploration will include a program of “reconnaissance rock dump sampling” from the old workings, which may be followed by a GPS survey and finally this could be followed by a drilling program on the best developed targets.

ECR shares were up 2% to 1.02p on Tuesday afternoon in London. 

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Tue, 25 Jun 2019 14:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222781/ecr-minerals-begins-exploration-work-at-third-victorian-site-222781.html
<![CDATA[RNS press release - Gold Exploration Commences - Timor Gold Project - Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190625005530/ Tue, 25 Jun 2019 12:18:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190625005530/ <![CDATA[News - ECR Minerals appoints expert consultant Keith Whitehouse to help with resource modelling and exploration in Victoria ]]> https://www.proactiveinvestors.co.uk/companies/news/222640/ecr-minerals-appoints-expert-consultant-keith-whitehouse-to-help-with-resource-modelling-and-exploration-in-victoria-222640.html ECR Minerals PLC (LON:ECR) has appointed Keith Whitehouse of Australian Exploration Field Services as a consultant resource geologist.

Mr Whitehouse holds a BSc Geology from the Victoria University of Wellington and has over 40 years’ experience in the provision of technical services to the resources industry with an emphasis on resource modelling, JORC and NI 43-101 reporting, business development, data management and associated IT solutions.

WATCH: ECR Minerals hails significant new gold discovery at Blue Moon in Victoria

He also has extensive experience of exploration in Victoria.

“I am delighted to announce the appointment of Keith Whitehouse as an adviser to the company,” said ECR chief executive Craig Brown.

“Keith’s knowledge and experience will be applied immediately with regard to our ongoing work at Creswick, where we are seeking to quantify gold mineralisation in a manner that, if applicable, can be embodied within a JORC compliant resource.”

 

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Mon, 24 Jun 2019 07:35:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222640/ecr-minerals-appoints-expert-consultant-keith-whitehouse-to-help-with-resource-modelling-and-exploration-in-victoria-222640.html
<![CDATA[RNS press release - Creswick Gold – Resource Geologist Appointment ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190623005039/ Mon, 24 Jun 2019 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190623005039/ <![CDATA[News - ECR Minerals gets 'aggressive' with plans to advance Creswick gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/222583/ecr-minerals-gets--aggressive--with-plans-to-advance-creswick-gold-project-222583.html ECR Minerals PLC (LON:ECR) has rented a large aircraft hangar and bought large laboratory equipment as it looks at ways to speed up testing and “aggressively” advance its Creswick gold project in Victoria, Australia.

Earlier this month the miner started using metal detectors to scan sample bags containing rocks collected from recent drilling, helping it assess which bags to send to the lab for full testing.

READ: ECR Minerals reports progress on test programme at Creswick project

After the work programme produced visible fine gold in pan samples from gold panning in the vicinity of recent drill hole locations, ECR’s technical team is “examining ways to further expedite bag testing and ground exploration”, having already rented a large aircraft hangar and nearby house for sample storage and supervised preparation of bulk samples as well as the laboratory equipment for this.

After a visit to the site, chief executive Craig Brown said: “Discussions with our advisors have demonstrated the significant potential of the project and we will continue to move our work programmes forward as aggressively as possible.”

He said that, subject to ongoing results and assuming positive exploration outcomes, ECR would be “seeking to rapidly advance Creswick toward a JORC compliant resource”, which he said he believed will add “significant value for shareholders”.

Modelling by the company suggests the Dimocks Main shale area of Creswick could be large enough to potentially host a multi-million ounce gold deposit.

Shares in ECR were up 9% to 0.98p after the new came out mid-morning. 

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Fri, 21 Jun 2019 11:32:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222583/ecr-minerals-gets--aggressive--with-plans-to-advance-creswick-gold-project-222583.html
<![CDATA[RNS press release - Progress on Creswick Gold Project - Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190621005102/ Fri, 21 Jun 2019 10:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190621005102/ <![CDATA[News - ECR Minerals reports progress on test programme at Creswick project ]]> https://www.proactiveinvestors.co.uk/companies/news/221904/ecr-minerals-reports-progress-on-test-programme-at-creswick-project-221904.html ECR Minerals PLC (LON:ECR) has told investors on Tuesday that it has made encouraging progress in its follow-on gold nugget test programme at its Creswick project in Victoria, Australia.

The miner has started metal detector scanning of sample bags containing quartz collected from recent reverse circulation drilling. This will allow the group to assess which bags to send to the lab for full testing.

READ: ECR Minerals identifies more quartz than expected in drilling at Creswick gold project

ECR chief executive, Craig Brown, said the group has already detected metal content, which is likely to be “reflective of nugget gold mineralisation as samples from depth are unlikely to contain other detectable metals”.

“Our internal modelling suggests the Dimocks Main Shale is large enough to potentially host a multi-million ounce gold deposit at Creswick and therefore ECR are allocating resources to this project in a prioritised manner whilst continuing to develop our other Australian gold projects in parallel,” he said.

The metal detecting is the first step in the follow-on gold nugget test programme, which was launched after finding that previous assays from drilling may be unreliable.

The next step will be sending bags for further testing at the lab.

Last month, ECR revealed that a technical review of the drill programme and assay results had confirmed that the gold mineralisation is “nuggetty” in nature.

 

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Tue, 11 Jun 2019 15:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221904/ecr-minerals-reports-progress-on-test-programme-at-creswick-project-221904.html
<![CDATA[RNS press release - Progress Update – Gold Nugget Test Programme Creswick Gold Project - Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190611005672/ Tue, 11 Jun 2019 15:16:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190611005672/ <![CDATA[RNS press release - New Corporate Website ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190517005216/ Fri, 17 May 2019 12:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190517005216/ <![CDATA[News - ECR Minerals’ Mercator Gold subsidiary receives £171k R&D refund from Australian government ]]> https://www.proactiveinvestors.co.uk/companies/news/220242/ecr-minerals-mercator-gold-subsidiary-receives-171k-rd-refund-from-australian-government-220242.html Mercator Gold, the Australian subsidiary of ECR Minerals PLC (LON:ECR), has received a A$319,000 (£171,000) research and development refund from the Australian government.

The refund relates to qualifying expenditure by Mercator in the year ended 30 June 2018.

READ: ECR identifies more quartz than expected in drilling at Creswick gold project

The subsidiary is entitled to apply for another refund in the current year (to 30 June 2019), which it estimates will be around A$370,000 (£198,000), although there is no guarantee of this.

Included within last year’s tax return, Mercator has carried forward corporate income tax losses of A$66.2mln (£35.5mln) in respect of historical losses which are available to carry forward.

“I am pleased to confirm the receipt of a significant cash refund by MGA our Australian subsidiary,” said chief executive Craig Brown.

“This incoming cash augments existing cash resources and will applied toward the company’s active gold exploration programmes in Australia.”

ECR shares rose 22% to 1.04p on Tuesday afternoon.

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Tue, 14 May 2019 15:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220242/ecr-minerals-mercator-gold-subsidiary-receives-171k-rd-refund-from-australian-government-220242.html
<![CDATA[RNS press release - Mercator Gold Australia Pty Limited – Tax Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190514005685/ Tue, 14 May 2019 15:16:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190514005685/ <![CDATA[News - ECR Minerals identifies more quartz than expected in drilling at Creswick gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/219898/ecr-minerals-identifies-more-quartz-than-expected-in-drilling-at-creswick-gold-project-219898.html ECR Minerals PLC (LON:ECR) told investors on Wednesday that drilling at the Creswick gold project in Victoria, Australia, has identified more extensive quartz than expected.

The company completed 1,687m of reverse circulation drilling in 17 holes at the project targeting multiple quartz vein orientations within the Dimocks Main Shale (DMS).

Quartz was found in more than one third of the total area drilled.

READ: ECR Minerals classifies Blue Moon in Victoria as a discovery

Drill results, most of which has now been received, are being reviewed by ECR’s mineral team.

Gold mineralisation has been identified in all holes so far with grades in nine holes ranging from 0.6 grams per tonne (g/t) gold to 44.63 g/t gold.

ECR said a technical review of the drill programme and assay results has confirmed elements of the complex geology at Creswick and confirmed that the gold mineralisation is “nuggetty” in nature.

Nuggety gold distribution can lead to understated assays because the larger the nuggets, the less the chance they will be captured in the drilled metre.

ECR accelerating gravity concentration tests

Subsequently, ECR is accelerating gravity concentration tests from whole of bag samples from the reverse circulation drilling.

The miner said results of assays from the drilling programme may be unreliable as indicators of true grade until extensive whole-of-bag tests have been completed.

The group continues to see potential for a “very substantial gold deposit” within the DMS, as previously highlighted by the technical team.

“The work we are undertaking at Creswick is highly exciting given the transformational potential this large footprint gold system offers,” said chief executive Craig Brown.

“The question we have to answer is how much gold does the DMS hold that would be amenable to a bulk tonnage gold mining operation.

He added: “We are closing in on the answer and the directors believe that the outcome has the potential to be company transformational and is therefore deserving of our close attention.

“We eagerly await the findings from the whole of bag gravity concentration work and will report back to the market as significant developments occur.”

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Wed, 08 May 2019 14:43:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219898/ecr-minerals-identifies-more-quartz-than-expected-in-drilling-at-creswick-gold-project-219898.html
<![CDATA[RNS press release - Significant Update – Creswick Gold Project Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190508005494/ Wed, 08 May 2019 14:26:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190508005494/ <![CDATA[Media files - ECR Minerals hails significant new gold discovery at Blue Moon in Victoria ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13194/ecr-minerals-hails-significant-new-gold-discovery-at-blue-moon-in-victoria-13194.html Thu, 02 May 2019 11:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13194/ecr-minerals-hails-significant-new-gold-discovery-at-blue-moon-in-victoria-13194.html <![CDATA[News - ECR Minerals classifies Blue Moon in Victoria as a discovery ]]> https://www.proactiveinvestors.co.uk/companies/news/219440/ecr-minerals-classifies-blue-moon-in-victoria-as-a-discovery-219440.html ECR Minerals PLC (LON:ECR) shares rose on Wednesday following news it has classified its Blue Moon prospect in Victoria, Australia as a gold discovery after the final assays from latest drilling indicated more good grades.

Craig Brown, chief executive, said the drilling results show that gold mineralisation intensifies further west and have given ECR a clear action plan to follow the system.

"We are excited by the findings and will continue our work at Blue Moon and other prospects in the Bailieston project area, with our strategic objective remaining a multi-million ounce gold discovery.”

The junior had already reported some bumper numbers from Blue Moon.

Best of the grades in the programme was a 17.87 grammes per tonne (g/t) per sample albeit over a narrow width, with a number of others over 1 g/t.

Blue Moon lies within the Bailieston gold project (EL5433), which is 100%-owned by ECR’s wholly owned Australian subsidiary Mercator Gold Australia.

In afternoon trading, shares in ECR Minerals were 3.7% higher at 0.70p.

 -- Adds share price --

 

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Wed, 01 May 2019 07:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219440/ecr-minerals-classifies-blue-moon-in-victoria-as-a-discovery-219440.html
<![CDATA[RNS press release - New Gold Discovery - Blue Moon Deposit, Victoria, Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190430006287/ Wed, 01 May 2019 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190430006287/ <![CDATA[News - ECR Minerals says recent drilling programme at the Black Cat gold prospect encountered some encouraging grades ]]> https://www.proactiveinvestors.co.uk/companies/news/219153/ecr-minerals-says-recent-drilling-programme-at-the-black-cat-gold-prospect-encountered-some-encouraging-grades-219153.html ECR Minerals PLC (LON:ECR) said the drilling programme recently completed at the Black Cat gold prospect, within the Bailieston gold project area in the state of Victoria, Australia encountered some encouraging grades and provided important geological insights.

The AIM-listed precious metals exploration and development company noted that the reconnaissance rotary air blast (RAB) drilling programme targeted numerous quartz reefs at Black Cat with a total of 18 shallow holes for 485 metres of drilling.

READ: ECR Minerals kicks off next phase of evaluation at Windidda

It said significant intersections were reported including 7 metres at 1.76 grammes per tonne (g/t) of gold from 35 metres; 3 metres at 4.26 g/t gold from 16 metres; and 1 metre at 6.3 g/t gold from 18 metres.

The group pointed out that the potential for supergene enriched mineralisation at the water table interface and for deeper primary mineralisation could be investigated by drilling deeper holes.

Craig Brown, ECR’s chief executive officer commented: “This was a valuable reconnaissance programme at a gold prospect which had never been drilled before, located immediately south of ground recently applied for by a subsidiary of Newmont Mining.

He added: “Most of the locations had some historical gold mining activity, and all of them had positive previous rock chip sampling results.”

“As well as some encouraging grades, the drilling has provided important geological information which may help vector further exploration in the project area towards achievement of ECR’s prime strategic objective, which is the discovery of a multi-million ounce gold deposit,” Brown concluded.

ECR’s wholly-owned Australian subsidiary Mercator Gold Australia Pty Ltd (MGA) has 100% ownership of the Bailieston project.

The Black Cat prospect is located immediately south of ground recently applied for by Newmont Mining, and is among the high priority targets identified by the geophysical interpretation and targeting study completed for MGA in late 2017.

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Fri, 26 Apr 2019 07:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219153/ecr-minerals-says-recent-drilling-programme-at-the-black-cat-gold-prospect-encountered-some-encouraging-grades-219153.html
<![CDATA[RNS press release - Successful Reconaissance Drilling at Black Cat Gold Prospect Victoria, Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190425005638/ Fri, 26 Apr 2019 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190425005638/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190423005502/ Tue, 23 Apr 2019 12:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190423005502/ <![CDATA[News - ECR Minerals kicks off next phase of evaluation at Windidda ]]> https://www.proactiveinvestors.co.uk/companies/news/218581/ecr-minerals-kicks-off-next-phase-of-evaluation-at-windidda-218581.html ECR Minerals PLC (LON:ECR) told investors that it has kicked off processing and interpretation of airborne and ground geophysics data for the Windidda gold project, in Western Australia.

This work is an important precursor to the determination of high profile drill targets, the company highlighted.

The aim is to identify targets that are amenable to cost effective air core drilling, which will allow a rapid assessment of the project’s gold potential.

WATCH: ECR Minerals looking to replicate Havieron success

“I am pleased to announce that we have launched the next crucial stage in the development of our understanding of scale of the Windidda gold project,” said Craig Brown, ECR chief executive.

“The work being undertaken will greatly assist our understanding of the Project and help us to focus on the higher profile target areas for follow up drilling.

“The feedback from this work will be available to the Company shortly and will enable us to advance our operational planning, including the development of key drill targets in our search for high impact gold mineralisation.”

ECR noted that in January it submitted nine new licence applications for Windidda, covering 1,600 square kilometres.

It highlighted that its undercover greenstone exploration model has been successfully tested, with Greatland Gold PLC (LON:GGP) at the Ernest Giles project some 125 kilometres to the east of Windidda.

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Mon, 15 Apr 2019 10:19:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218581/ecr-minerals-kicks-off-next-phase-of-evaluation-at-windidda-218581.html
<![CDATA[RNS press release - Windidda Gold Project Update – Yilgarn Region Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190415005308/ Mon, 15 Apr 2019 09:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190415005308/ <![CDATA[RNS press release - Annual Financial Report ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190329005076/ Fri, 29 Mar 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190329005076/ <![CDATA[Media files - ECR Minerals looking to replicate Havieron success in Western Australia ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12596/ecr-minerals-looking-to-replicate-havieron-success-in-western-australia-12596.html Thu, 14 Mar 2019 12:57:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12596/ecr-minerals-looking-to-replicate-havieron-success-in-western-australia-12596.html <![CDATA[News - ECR Minerals reports further significant high-grade gold assays from drilling at Blue Moon prospect in Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/216475/ecr-minerals-reports-further-significant-high-grade-gold-assays-from-drilling-at-blue-moon-prospect-in-australia-216475.html ECR Minerals PLC (LON:ECR) shares rose on Thursday after it reported significant high-grade gold assays from the reverse circulation (RC) drilling programme recently completed at the Blue Moon prospect in Australia.

The AIM-listed precious metals exploration and development company said, following its announcement reporting visible gold from hole number BBM007 on 28 February 2019, assay results received for holes BBM007, BBM006 and BBM004 have shown both high-grade intervals and significant widths of anomalous gold grades.

READ: ECR Minerals shares jump as it hails “positive progress” for gold drilling at Creswick and Blue Moon projects

It added that significant intersections included 2 metres at 17.87 grammes per tonne (g/t) of gold from 57 metres down hole BBM007 within a zone of 15 metres at 3.81 g/t gold from 51 metres.

In addition, the group said, hole BBM006 returned 3 metres at 3.88 g/t gold from 170 metres down within a zone of 11 metres at 2.42 g/t gold from 169 metres.

ECR Minerals said these results from Blue Moon indicate that a high-grade zone exists within the target sandstone host and further results and work will be required to understand any concentration of mineralisation within shoots.

Craig Brown, the company’s chief executive officer commented: “These results quantify the field geologists’ assessment of visible gold at Blue Moon during drilling of BBM007 and provide great encouragement for the Company and the Bailieston gold project.”

He added: “To achieve an intersection of 17.87g/t gold over 2 metres is notable. But also of significance is that this was part of an intersection of 15 metres at 3.81g/t gold from relatively shallow depth.”

Brown concluded: “The Company awaits further results from drilling across Blue Moon, Creswick and Black Cat and will provide updates to the market as appropriate.”

The Blue Moon project is located within the Bailieston gold project area in the state of Victoria, of which ECR’s wholly-owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership.

In lunchtime trading, shares in ECR Minerals were 6.1% higher at 0.88p.

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Thu, 14 Mar 2019 11:49:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216475/ecr-minerals-reports-further-significant-high-grade-gold-assays-from-drilling-at-blue-moon-prospect-in-australia-216475.html
<![CDATA[RNS press release - High Grade Gold Assays from Drilling at Blue Moon Prospect Victoria, Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190314005377/ Thu, 14 Mar 2019 11:32:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190314005377/ <![CDATA[News - ECR Minerals reports positive progress in drilling programme for Black Cat prospect at the Bailieston gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/215715/ecr-minerals-reports-positive-progress-in-drilling-programme-for-black-cat-prospect-at-the-bailieston-gold-project-215715.html ECR Minerals PLC (LON:ECR) saw its shares rise on Monday as the gold miner announced positive progress in the drilling programme being undertaken at the Black Cat prospect at the Bailieston gold project in the State of Victoria, Australia.

The AIM-listed firm said 250 metres of rotary air blast drilling has been completed to date in 10 target holes at Black Cat within ECR ground immediately south of ground recently applied for by Newmont Exploration.

READ: ECR Minerals shares jump as it hails “positive progress” for gold drilling at Creswick and Blue Moon projects

The company noted that wide zones of alteration were intersected in seven holes and quartz veining in two holes and, to date, 77 samples have been delivered for laboratory assay testing with results awaited.

ECR said drilling is continuing at the Black Cat prospect within the main workings, the southern dyke area and potentially new follow up areas.

Craig Brown, ECR’s chief executive officer commented: “As with Creswick and Bailieston Blue Moon, drilling at Black Cat is proceeding well and we are pleased with the work undertaken to date.

“We look forward to providing further drilling progress updates and the findings following the review of assay results by our technical team.”

In late morning trading, ECR shares were 2.8% higher at 0.93p.

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Mon, 04 Mar 2019 11:38:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215715/ecr-minerals-reports-positive-progress-in-drilling-programme-for-black-cat-prospect-at-the-bailieston-gold-project-215715.html
<![CDATA[RNS press release - Gold Drilling Update – Bailieston Black Cat Prospect Victoria Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190304005453/ Mon, 04 Mar 2019 11:08:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190304005453/ <![CDATA[News - ECR Minerals shares jump as it hails “positive progress” for gold drilling at Creswick and Blue Moon projects ]]> https://www.proactiveinvestors.co.uk/companies/news/215518/ecr-minerals-shares-jump-as-it-hails-positive-progress-for-gold-drilling-at-creswick-and-blue-moon-projects-215518.html ECR Minerals PLC (LON:ECR) shares jumped in late-morning Thursday as it hailed “positive progress” for its gold drilling programmes at the Creswick and Blue Moon projects in Victoria, Australia.

The gold miner said in an update that it had completed 1,687 metres of drilling in 17 holes at Creswick and 774m of drilling in six target holes at Blue Moon.

READ: ECR Minerals brings experienced geologist Sam Garrett on board as non-exec

Drilling would continue at Blue Moon targeting extensions of where gold had been identified, and that a “substantial” number of samples had been submitted for laboratory testing, with assays results expected “in the coming weeks”.

Craig Brown, chief executive of ECR, said the company had “successfully encountered a number of host structures that were anticipated and targeted” in the drill programmes, adding that gold had been panned in some of the samples.

“We await assay data to add to our field observations and will provide further updates to the market when assay information has been received and reviewed by the team”, he added.

Shares were up 5.9% at 0.9p.

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Thu, 28 Feb 2019 11:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215518/ecr-minerals-shares-jump-as-it-hails-positive-progress-for-gold-drilling-at-creswick-and-blue-moon-projects-215518.html
<![CDATA[RNS press release - Gold Drilling Update – Creswick & Blue Moon Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190228005400/ Thu, 28 Feb 2019 10:51:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190228005400/ <![CDATA[News - ECR Minerals brings experienced geologist Sam Garrett on board as non-exec ]]> https://www.proactiveinvestors.co.uk/companies/news/215135/ECR-Minerals-brings-experienced-geologist-Sam-Garrett-on-board-as-non-exec-215135.html Exploration firm ECR Minerals PLC (LON:ECR) has appointed Sam Garrett, a geologist with experience in multi-national and junior mining firms, as a non-executive director with immediate effect.

Garrett holds a Bachelor of Science degree with first class honours in Geology and a master of economic geology degree, both from the University of Tasmania, as well as a master of applied finance degree from Macquarie University in Australia.

READ: ECR Minerals starts drilling Black Cat target at Bailieston gold project in Victoria

He also currently holds the positions of principal at geology consultancy Metal Ventures and managing director at metal miner Pacific Trends Resources.

Craig Brown, chief executive of ECR, said that Garrett brought “extensive geological experience onto the board” across various geographies including Australia, South America, and the Philippines, areas where the company has existing business interests.

“The timing of Sam’s appointment is key, as we look to rapidly advance our existing interests and continue to identify new strategic acquisition opportunities”, Brown added.

In lunchtime trading Friday, ECR shares were down 2.9% at 0.82p.

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Fri, 22 Feb 2019 12:37:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215135/ECR-Minerals-brings-experienced-geologist-Sam-Garrett-on-board-as-non-exec-215135.html
<![CDATA[RNS press release - Directorate change ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190222005201/ Fri, 22 Feb 2019 11:43:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190222005201/ <![CDATA[News - ECR Minerals starts drilling Black Cat target at Bailieston gold project in Victoria ]]> https://www.proactiveinvestors.co.uk/companies/news/214516/ecr-minerals-starts-drilling-black-cat-target-at-bailieston-gold-project-in-victoria-214516.html ECR Minerals PLC (LON:ECR) has started drilling at the Black Cat target within the Bailieston gold project area in the state of Victoria, Australia.

The precious metals explorer has completed the first two holes of the drill programme and is in the process of sending off a set of four-metre-long samples for analysis. ECR expects to have those results back in two to six weeks.

On receipt of the original assays, those which have returned anomalous gold grades will be re-sampled on a metre by metre basis and this second set of samples will be sent for assay.

LOOK: Pictures from Black Cat drill programme

Black Cat, which has not been previously drilled, is among the high priority targets identified by the geophysical interpretation and targeting study completed by Terra Resources in late 2017.

“The Bailieston project is at the epicentre of the current gold exploration boom in Victoria, being located close to the successful Fosterville mine owned by Kirkland Lake Gold,” said ECR chief executive Craig Brown last week.

“This point is underlined by the arrival of Newmont Exploration in the district with an application for ground immediately to the north of the Black Cat prospect.”

Last week, ECR confirmed it had completed the first four holes of the drill programme at its Creswick gold project.

Once finished there, the drill rig will move over to the Blue Moon gold prospect in the Bailieston project area.

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Wed, 13 Feb 2019 07:34:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214516/ecr-minerals-starts-drilling-black-cat-target-at-bailieston-gold-project-in-victoria-214516.html
<![CDATA[RNS press release - Drilling Update – Black Cat Gold Prospect, Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190212005956/ Wed, 13 Feb 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190212005956/ <![CDATA[RNS press release - Research Report for ECR Minerals ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190211005815/ Tue, 12 Feb 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190211005815/ <![CDATA[News - ECR Minerals completes first four drill holes at Creswick gold project in Victoria ]]> https://www.proactiveinvestors.co.uk/companies/news/214268/ecr-minerals-completes-first-four-drill-holes-at-creswick-gold-project-in-victoria-214268.html ECR Minerals PLC (LON:ECR) has kicked off drilling at its Creswick gold project in Victoria, Australia.

The precious metals explorer said the first four holes of the drill programme have been completed.

WATCH: Pictures from the latest round of drilling at Creswick

At the end of September, AIM-quoted ECR announced it had found a large gold system in the Dimocks Main Shale (DMS) exploration targets, which is part of the wider Creswick project.

Back then, chief executive Craig Brown said: “We are excited by this discovery of a potentially large gold system at Creswick which has been identified by our technical team and is the outcome of many years of detailed study.”

The Dimocks Main Shale targets sit between two large gold producing areas in Victoria, Australia, where it is estimated historically 15mln ounces of gold have been produced.

The DMS is 25 metres wide and runs for over seven kilometres through ECR’s tenements for an estimated 15km in total, including adjacent tenements.

ECR shares were down 3.3% to 0.75p early on Friday afternoon.

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Fri, 08 Feb 2019 12:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/214268/ecr-minerals-completes-first-four-drill-holes-at-creswick-gold-project-in-victoria-214268.html
<![CDATA[RNS press release - Drilling Update - Creswick Gold Project Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190208005198/ Fri, 08 Feb 2019 12:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190208005198/ <![CDATA[News - ECR set to broaden drill campaign across the Bailieston gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/213870/ecr-set-to-broaden-drill-campaign-across-the-bailieston-gold-project-213870.html ECR Minerals PLC (LON:ECR) will shortly commence drilling at the Black Cat prospect within the Bailieston gold project area in the state of Victoria, Australia.

This programme is in addition to the previously announced drilling which will be taking place at the Creswick gold project and the Blue Moon prospect at Bailieston.

WATCH: ECR Minerals sees 'significant gold opportunity' at Blue Moon in Australia

ECR will undertake 450 metres of rotary air blast drilling at Black Cat.

Black Cat is among the high priority targets identified by the geophysical interpretation and targeting study completed by Terra Resources in late 2017.

It has not been previously drilled

The contains 220 metres of historical workings along three known lines of quartz reef

“The Bailieston project is at the epicentre of the current gold exploration boom in Victoria, being located close to the successful Fosterville mine owned by Kirkland Lake Gold,” said ECR chief executive Craig Brown.

“This point is underlined by the arrival of Newmont Exploration in the district with an application for ground immediately to the north of the Black Cat prospect.”

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Mon, 04 Feb 2019 07:32:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213870/ecr-set-to-broaden-drill-campaign-across-the-bailieston-gold-project-213870.html
<![CDATA[RNS press release - Additional Drilling Programme - Black Cat Gold Prospect in Victoria, Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190203005025/ Mon, 04 Feb 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190203005025/ <![CDATA[News - ECR Minerals jumps as it begins gold drilling programme in Victoria ]]> https://www.proactiveinvestors.co.uk/companies/news/213503/ecr-minerals-jumps-as-it-begins-gold-drilling-programme-in-victoria-213503.html ECR Minerals PLC (LON:ECR) saw its shares jump in mid-morning trading on Tuesday as it began a gold-focused drill programme at its projects in Victoria, Australia.

The exploration firm said a contract had been signed for 4,000m-6,000m of drilling in the state by its subsidiary Mercator Gold Australia (MGA).

READ: ECR Minerals “moving forward confidently” with gold exploration projects

The first round of drilling, expected to begin this week, will be at the firm’s Creswick gold project and target multiple quartz vein orientations identified within the Dimocks Main Shale which extends over a 15km trend, approximately 7km of which is covered by MGA’s granted exploration licence and exploration licence applications.

Following this, the drilling rig would then move to the Blue Moon prospect at ECR’s Bailieston gold project to follow-up a significant near surface gold intercept and evidence of a near-surface mineralised gold system announced in July 2018.

The drill target at Blue Moon is sandstone which has been heavily weathered near the surface, but may host higher grade gold mineralisation, including disseminated sulphides, at deeper levels, the company said.

Craig Brown, chief executive of ECR, said the drilling programme was one of the largest the company had undertaken in recent times, with the aim of discovering “a multi-million-ounce gold deposit in Australia and based on the significant technical work undertaken to date”.

Brown added that the drilling would be funded from existing cash resources and that the company would be entitled to claim back a proportion of the costs under government drilling subsidies.

In total, the programme is expected to amount to less than 20% of ECR’s existing cash resources.

Shares were up 6.5% at 0.8p.

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Tue, 29 Jan 2019 10:11:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/213503/ecr-minerals-jumps-as-it-begins-gold-drilling-programme-in-victoria-213503.html
<![CDATA[RNS press release - Gold Focused Drill Programme to Commence - Victoria Region Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190129005363/ Tue, 29 Jan 2019 09:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190129005363/ <![CDATA[News - ECR Minerals “moving forward confidently” with gold exploration projects ]]> https://www.proactiveinvestors.co.uk/companies/news/212771/ecr-minerals-moving-forward-confidently-with-gold-exploration-projects-212771.html ECR Minerals PLC (LON:ECR) chief executive Craig Brown highlighted that the explorer can now move forward confidently with ventures like the Windidda gold project, following the completion of financing in 2018.

In a stock market statement, the company provided investors with more details about Windidda which comprises nine exploration licences spanning 1,600 square kilometres in the Yilgarn Craton, Australia.

ECR highlighted that the Yilgarn Craton is host to around 30% of the world’s known gold reserves, and, some 66% of all of Australia’s gold production is located there.

READ: ECR’s Craig Brown says new Yilgarn gold properties look “highly prospective”

Specifically, ECR noted that Windidda covers an area in the southern margin of the Canning Basin which has been interpreted to overlie the northern margin of the Archean Yilgarn Craton.

It added that Windidda targeting anomalies and potential under-cover Archaean greenstone hosted gold mineralization which is an exploration model that has been successfully tested by Greatland Gold PLC (LON:GGP) – which has the Ernest Giles project around 125 kilometres to the east.

“ECR has already identified a large, but early stage, gold system at its Creswick project in Victoria, Australia and is working to advance that project as rapidly as possible,” Brown said.

“The Windidda project diversifies ECR’s interests into Western Australia and the highly prospective Yilgarn Craton.”

ECR’s new Windidda gold project presentation can be downloaded from the company

Brown, meanwhile, also highlighted: “ECR Minerals is building its strategic gold exploration portfolio at what the directors believe is a fascinating time in the gold industry, underlined by the acquisition of Goldcorp by Newmont Mining announced this week.

“Larger companies within the sector are often in search of new gold discoveries to replace reserves as they are mined, potentially putting proactive junior gold explorers in a prime position should they be able to identify highly prospective territory, achieve a discovery and/or build strategic knowledge through exploration.”

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Thu, 17 Jan 2019 08:52:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212771/ecr-minerals-moving-forward-confidently-with-gold-exploration-projects-212771.html
<![CDATA[RNS press release - Windidda Gold Project Presentation – Yilgarn, Western Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190116005862/ Thu, 17 Jan 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190116005862/ <![CDATA[News - ECR’s Craig Brown says new Yilgarn gold properties look “highly prospective” ]]> https://www.proactiveinvestors.co.uk/companies/news/212225/ecrs-craig-brown-says-new-yilgarn-gold-properties-look-highly-prospective-212225.html Shares in ECR Minerals PLC (LON:ECR) moved up by almost 10% to 0.8p at the end of the first week of the year, following the application for licences over 1,600 square kilometres of new ground in the Yilgarn in Western Australia.

The ground has been identified as having significant potential for hosting Archean greenstone belts of the kind that host many of Western Australia’s and the world’s richest gold deposits.

READ: ECR Minerals moves into Western Australia

“It looks like very prospective territory,” says Craig Brown, ECR’s chief executive.

“Everybody regards Western Australia as a very promising area to work in.”

The opportunity on the new ground is enhanced because it comes with pre-existing data.

“There was some work completed in the 1980s and 1990s,” says Brown.

“But they were looking for nickel at the time, and they also found molybdenum. So one of the first things we’re going to do is go over that old information. Because nobody’s ever looked for gold here.”

One reason for that is that the rocks that may be mineralised lie under cover, so opportunities for geochemistry are limited.

But ECR is hopeful that the cover may be fairly shallow, and that exploration work will be relatively straightforward.

“The best way to test it is to do aircore drilling,” says Brown.

“It’s very cheap at around A$40 or A$50 per metre, including assaying costs, so our plan is to do an aircore programme once we’ve reviewed the existing data.”

ECR is unlikely to move on that until the licences have actually been granted, although Brown doesn’t see any real issue with that.

After all, the deal that’s wrapped around them is pretty attractive: for 19 licences the company must pay A$1,400 each, plus an annual rent, that takes the total cost up to only A$88,000.

“Hopefully they’ll be granted in the next quarter,” says Brown, “and we’ll move pretty quickly after that.”

Australia projects

In the meantime, work is continuing on ECR’s other Australian gold projects, in particular, Bailieston and Creswick.

“At Bailieston we want to go back and have a look at Blue Moon, Black Cat and Byron targets,” says Brown.

“We’re planning on conducting a small programme of drilling at Blue Moon in the current quarter of this year. We’re just budgeting the whole thing out. We drilled at Blue Moon in May 2018 and we came across a zone of mineralisation where all the rocks were weathered and you could see that the mineralisation had already been leached out of the rock.”

What was really interesting though, was that the mineralisation in question showed considerable similarity to Mandalay’s Costerfield mine, 25 kilometres away.

“They mine between 150 and 200 metres below the surface,” explains Brown.

“We believe we can hit fresh rock and sulphides beneath the leached material that we’ve already intersected.”

So that’s one intriguing aspect of the project. Another is that Newmont picked up ground adjacent to Bailieston in December. So we’re not just talking about small companies operating on the edge of geological speculation here. The big players are coming in too.

Then there’s the Avoca licence, which is likely to be the subject of a 1,500-metre rotary air blast (RAB) programme shortly, and Creswick over in Victoria which will also be investigated.

Creswick, in particular, holds significant potential, according to Brown.

“We’re quite optimistic there’s something down there,” he says.

So lots to look forward to over the coming months, especially since ECR Minerals already has the money in the bank to pay for all this work.

There’s £1.2mln currently in the treasury, according to Brown, following two fundraising exercises undertaken last year: a £650,000 raise in July, and a £700,000 raise in December.

And that means that shareholders will be able to enjoy the full benefits of any positive newsflow without having to look over their shoulders to worry about dilution any time soon.

ECR has, in any case, a very supportive cornerstone investor in Shenyang Xinliaoan Machinery, a connection Brown brought with him when he joined ECR, acquired during his days operating in Central Asia.

All told, ECR looks to be on a secure footing going into 2019, with plenty of exciting newsflow to come, and the nice backdrop of a rising gold price to put it all into context.

 

 

 

 

 

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Wed, 09 Jan 2019 09:39:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/212225/ecrs-craig-brown-says-new-yilgarn-gold-properties-look-highly-prospective-212225.html
<![CDATA[RNS press release - Strategic Gold Licence Applications – Yilgarn Region Australia - Replacement ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190103005292/ Thu, 03 Jan 2019 10:23:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190103005292/ <![CDATA[News - ECR Minerals moves into Western Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/211826/ecr-minerals-moves-into-western-australia-211826.html ECR Minerals PLC (LON:ECR) shares rose on Wednesday after the explorer said it has submitted nine new exploration licence applications covering 1,600 square kilometres of potentially gold-rich land in the Yilgarn region of Western Australia.

Collectively, the licences will be called the Windidda gold project and will, when granted, complement ECR’s existing gold exploration portfolio in Victoria, Australia.

READ: ECR Minerals eyes substantial prize in Victoria gold belt

The AIM company reckons Windidda has “significant potential” to contain Archaean greenstones, which host many of the world’s most prolific gold deposits.

“I am particularly pleased to announce this strategic move into Western Australia, which, like Victoria, has exceptional gold exploration potential in a first world operating environment,” said chief executive Craig Brown.

“Greenstone-hosted gold trends in the Western Australian Yilgarn province are very tightly held and access to free ground, when it becomes available, is highly competitive.

“So it is very encouraging that ECR has managed to compile a large land position of contiguous tenements covering untested gravity-magnetic anomalies representative of potential greenstone-hosted gold trends.”

Brown added that weaker market conditions have thrown up some opportunities, which his company has been able to take advantage of, especially with the recent financial backing it has received from investors.

In late afternoon trading, shares in ECR Minerals were 7.1% higher at 0.75p.

 -- Adds share price and re-stated acreage --

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Wed, 02 Jan 2019 07:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211826/ecr-minerals-moves-into-western-australia-211826.html