https://www.proactiveinvestors.co.uk Proactiveinvestors RSS feed en Sun, 18 Nov 2018 06:16:59 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - New ECR Corporate & SLM Presentations ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181112005863/ Tue, 13 Nov 2018 07:34:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181112005863/ <![CDATA[News - ECR Minerals shares lifted as it reaches “interesting point in its development” ]]> https://www.proactiveinvestors.co.uk/companies/news/208641/ecr-minerals-shares-lifted-as-it-reaches-interesting-point-in-its-development-208641.html Shares in ECR Minerals PLC (LON:ECR) were lifted in late-afternoon trading Tuesday after its chief executive, Craig Brown, said the company had reached “a very interesting point in its development” as it updated on the progress of its gold, energy metals, and minerals projects.

The AIM-listed metals exploration firm said work was continuing across multiple exploration activities at its 100% owned gold portfolio in Victoria, adding that it had also identified “a number of corporate avenues” for building shareholder interests at its Sierra de las Minas project in Argentina.

READ: Second batch of rock chip samples confirm gold mineralisation at ECR Minerals' Bailieston project

Elsewhere, ECR said it was continuing to monitor developments in the Philippines to identify suitable options to recognise the value of its 25% stake in the Danglay gold project.

The firm was also performing due diligence activities at the Iceberg gold project in Western Australia, which is expected to include detailed examination of significant historical exploration work including extensive geochemical data. The group had also agreed a one-month extension of its option period on the project to 1 December 2018 at no additional cost.

In addition to Iceberg, ECR said it had identified “a number of strategic gold project acquisition opportunities” that were under review.

The company added that the poor conditions in the market had allowed it to acquire gold opportunities at “a low-cost entry level” that was “well within” its resources.

Brown added that the “difficult conditions in the junior resources sector” had opened up multiple opportunities and ECR was “taking full advantage of the wide breadth of projects available”.

Aside from its gold portfolio, ECR said it had received “recent specific interest” from third parties who had a strategic interest in the development of an energy metals and minerals pipeline which extended to the potential injection of capital into new ventures if projects of merit were identified and acquired.

As a result, the group said it had identified several opportunities that may be attractive and had a number under due diligence.

ECR shares were up 3.1% at 0.8p.

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Tue, 06 Nov 2018 14:51:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/208641/ecr-minerals-shares-lifted-as-it-reaches-interesting-point-in-its-development-208641.html
<![CDATA[RNS press release - Strategic Business Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181106005539/ Tue, 06 Nov 2018 14:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181106005539/ <![CDATA[News - Second batch of rock chip samples confirm gold mineralisation at ECR Minerals' Bailieston project ]]> https://www.proactiveinvestors.co.uk/companies/news/206885/second-batch-of-rock-chip-samples-confirm-gold-mineralisation-at-ecr-minerals-bailieston-project-206885.html Results from a second batch of rock chip samples have confirmed gold mineralisation at ECR Minerals PLC’s (LON:ECR) Bailieston project in Australia.

From a further 75 samples collected, 29 contained gold with grades ranging from 0.56 grams per tonne (g/t) gold (Au) to 22.9 g/t Au. Twelve of the higher-grade samples were re-tested, returning similar results.

READ: ECR pleased with Bailieston sample grades

One sample which wasn’t included in the results contained a speck of visible gold, ECR said.

“I am pleased to report the second batch of sampling data which, as with the first batch, has produced high grade gold in rock chip samples including samples taken from the Cherry Tree reefs,” said chief executive Craig Brown.

“The company’s technical team are incorporating the findings into our project database and we are working on the next stage exploration programme to further examine the extent of gold mineralisation across the areas sampled.”

Brown added that results from rock chip sampling at the Creswick project are due to be released “in the near term”.

Shares rose 4.8% to 0.84p on Thursday morning.

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Thu, 11 Oct 2018 10:44:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206885/second-batch-of-rock-chip-samples-confirm-gold-mineralisation-at-ecr-minerals-bailieston-project-206885.html
<![CDATA[RNS press release - Bailieston Gold Project Australia - Additional Sampling Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181010005995/ Thu, 11 Oct 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181010005995/ <![CDATA[News - ECR Minerals sees 'extremely positive' results from Australian gold operations ]]> https://www.proactiveinvestors.co.uk/companies/news/206472/ecr-minerals-sees-extremely-positive-results-from-australian-gold-operations-206472.html ECR Minerals PLC (LON:ECR) told investors on Friday that it is seeing “extremely positive" results from its Australian gold exploration programme in the Victoria region as it issued new shares to its marketing and communications services providers.

The company said it has issued 3,878,400 new ordinary shares valued at £38,784 to several providers of investor and public relations services.

READ: ECR Minerals says option period for due diligence on Iceberg project extended

“I am pleased to see the confidence in the company shown by marketing and communications advisors taking fees in shares at a premium to the current share price,” said chief executive Craig Brown.

“ECR Minerals is now seeing extremely positive results from the Australian gold exploration programme in Victoria region and it is important that we increase market awareness of our work and our notable recent successes at Blue Moon and importantly, Creswick.”

He added: “With this in mind we have been working with advisors to develop a broad communications strategy and secure the right mix of media partners to help broadcast our message.

"Our marketing & media partners are largely incentivised through share based fee payments in respect of recently delivered and planned services and we plan to see a significant increase in the breadth and depth of company communications at this important time in the advancement and development of the company.”

The company also said it has terminated its broking arrangement with Optiva Securities and now has SI Capital Limited as its sole broker.

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Fri, 05 Oct 2018 10:37:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206472/ecr-minerals-sees-extremely-positive-results-from-australian-gold-operations-206472.html
<![CDATA[RNS press release - Issue of Shares for Communications Services and Advisor Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181005005152/ Fri, 05 Oct 2018 10:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181005005152/ <![CDATA[News - ECR Minerals says option period for due diligence on Iceberg project extended ]]> https://www.proactiveinvestors.co.uk/companies/news/206182/ecr-minerals-says-option-period-for-due-diligence-on-iceberg-project-extended-206182.html ECR Minerals PLC (LON:ECR) said the option period for due diligence work on the Iceberg gold project in Western Australia has been extended to allow for a thorough review of historical data supplied by the vendors.

The original agreement provided a 60-day option period during which due diligence could be carried out. This has been extended by 30 days under an agreement with the vendors Pacific Trends Resources Pty Limited.

READ: ECR Minerals restarts gold exploration in Australia

ECR said the extension comes at no additional cost and would allow it more time to go over the substantial historical project data that has been provided by the vendors.

It has appointed CSA Global, Mining Industry Consultants, to conduct a review of the project and its underlying documentation.

The company expects due diligence work will be completed in the coming weeks.

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Tue, 02 Oct 2018 11:34:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206182/ecr-minerals-says-option-period-for-due-diligence-on-iceberg-project-extended-206182.html
<![CDATA[RNS press release - Iceberg Gold Project Due Diligence Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181002005433/ Tue, 02 Oct 2018 10:08:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181002005433/ <![CDATA[News - ECR MInerals pleased with sample grades at Bailieston in Victoria ]]> https://www.proactiveinvestors.co.uk/companies/news/206000/ecr-minerals-pleased-with-sample-grades-at-bailieston-in-victoria-206000.html ECR Minerals PLC (LON:ECR) has had evidence of gold mineralisation at its Bailieston project in the first assays back from a rock chip sampling programme.

Out of 76 samples submitted, 22 contained gold with grades between 0.5 g/t to 67.4 g/t (2.17 ounces per ton). Fourteen were retested to confirm the grades with results between 1.4 g/t to 75.5 g/t (2.4 ounces per ton).

READ: ECR Minerals identifies large gold system at Creswick​

ECR added the samples indicated gold at the surface in five target areas.

Craig Brown, chief executive, said though only early exploration results complement recent exploration progress at Blue Moon and the recognition of the potentially large gold system at Creswick announced on Tuesday.

“Overall we are building a suite of mineralised targets in our Victoria projects and this is strongly supporting the conviction of the company’s technical team as to the potential of the area covered by the company’s licence tenements.”

Results from a further 74 samples at Bailieston are due shortly, ECR added.

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Fri, 28 Sep 2018 14:54:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/206000/ecr-minerals-pleased-with-sample-grades-at-bailieston-in-victoria-206000.html
<![CDATA[RNS press release - Sampling Programme Results Bailieston Gold Project Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180928005165/ Fri, 28 Sep 2018 11:25:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180928005165/ <![CDATA[News - ECR Minerals identifies large gold system at Creswick ]]> https://www.proactiveinvestors.co.uk/companies/news/205627/ecr-minerals-identifies-large-gold-system-at-creswick-205627.html ECR Minerals PLC (LON:ECR) has identified a large gold system in the Dimmocks Main Shale (DMS) exploration targets, part of the wider Creswick project.

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

READ: ECR Minerals surges as it secures finance to expedite development programme at Blue Moon

The company’s technical team is hypothesising that they have identified the hard rock source for a significant portion of the aforementioned 15 million ounces of gold production.

ECR Minerals holds a 100% interest in the Creswick project.

The DMS is 25 metres wide and runs for over seven kilometres through ECR’s tenements and is estimated to be 15 kilometres in total length, including adjacent tenements, and is open at depth.

ECR Minerals will now drill test the DMS to establish the gold endowment. Rock chip sampling is already underway.

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

“We are very grateful for the professionalism, experience and commitment that has been applied to reach this point.”

 

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Tue, 25 Sep 2018 09:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205627/ecr-minerals-identifies-large-gold-system-at-creswick-205627.html
<![CDATA[RNS press release - Exploration Mapping Reveals Large Gold System – Creswick Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180925005467/ Tue, 25 Sep 2018 09:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180925005467/ <![CDATA[News - ECR Minerals restarts gold exploration in Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/204946/ecr-minerals-restarts-gold-exploration-in-australia-204946.html ECR Minerals PLC (LON:ECR) told investors it has restarted its exploration programme at the Bailieston project in Central Victoria, Australia.

The company noted that it has identified eight targets across its five exploration areas, and an exploration programme has been designed to test surface gold mineralisation.

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

It follows ECR’s success at the Blue Moon project and is part of a new broader exploration programme.

Initially, the programme will start with ground exploration at the Byron and Cherry Tree Main targets, and, the first 150 rock chip samples have already been collected.

More sampling work will shortly take place, at the Creswick target, and, there’ll also be a follow-up programme at Blue Moon.

“With the support provided by investors in our recent financing, and following extensive review of the Victoria region gold prospective targets, ECR has recommenced its exploration programme in Australia,” said Craig Brown, ECR chief executive.

“We are pleased to have this gold exploration programme underway and look forward to the regular flow of results which we will report to market as material developments occur.

“Given the level of interest in Australian gold exploration we are excited by the results we are achieving on the ground, where our principle objective is to achieve a significant gold discovery.”

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Fri, 14 Sep 2018 14:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/204946/ecr-minerals-restarts-gold-exploration-in-australia-204946.html
<![CDATA[RNS press release - Sampling Programme Bailieston Gold Project Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180914005288/ Fri, 14 Sep 2018 14:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180914005288/ <![CDATA[Media files - ECR Minerals sees 'significant gold opportunity' at Blue Moon in Australia ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/10375/ecr-minerals-sees-significant-gold-opportunity-at-blue-moon-in-australia-10375.html Thu, 06 Sep 2018 12:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/10375/ecr-minerals-sees-significant-gold-opportunity-at-blue-moon-in-australia-10375.html <![CDATA[News - ECR Minerals provides more details on Blue Moon discoveries ]]> https://www.proactiveinvestors.co.uk/companies/news/204226/ecr-minerals-provides-more-details-on-blue-moon-discoveries-204226.html ECR Minerals PLC (LON:ECR) has provided a further update on the Blue Moon gold project in Victoria Region, Australia.

On September 3, the company announced the identification of a significant gold target at the Blue Moon prospect and the addition of two new gold targets in the same area as Blue Moon, now named Yellow Moon and Red Moon.

READ: ECR Minerals confirms potential for “significant gold discovery” at Blue Moon; discovers two new targets

Two days later, it published a diagrammatic image of the three target areas that shows that the area is principally flat and alluvial cover.

#RNS #ECR FURTHER UPDATE INFORMATION - NEW GOLD TARGETS BLUE MOON AUSTRALIA

The Company’s technical advisory team have prepared a diagrammatic image of the three target areas and this is now available on the Company’s website through the following link:https://t.co/t8yafwnUKL pic.twitter.com/yoD2314J2f

— ecrminerals (@ecrminerals) September 5, 2018

Anomalous arsenic results were returned from pXRF soil geochemistry conducted on the slopes and over small hills, the image demonstrates.

The image also shows the location of the Bailieston Anticline to the east of Yellow Moon and as shown on government mapping, plus a newly identified anticline, named the New Moon Anticline. The anticline is a double fold to the west of Red Moon, ECR said.

“The publication of this image provides further important technical information to the market about the project and its potential,” said Craig Brown, the chief executive officer of ECR Minerals.

“The team are working proactively to advance our entire Victoria region interests, with a particular interest at Blue Moon given the findings to date,” he added.

ECR shares surged to 0.94p on Monday’s announcement from 0.835p at Friday’s close but have subsequently ebbed to 0.85p.

#RNS Craig Brown, CEO #ECR commented: “I am pleased at the level of interest demonstrated in the new targets, particularly enquiries from a technical perspective".

The publication of this image provides further important technical information about the project & its potential.

— ecrminerals (@ecrminerals) September 5, 2018 ]]>
Wed, 05 Sep 2018 12:08:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/204226/ecr-minerals-provides-more-details-on-blue-moon-discoveries-204226.html
<![CDATA[RNS press release - Further Update Information - New Gold Targets Blue Moon Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180905005425/ Wed, 05 Sep 2018 10:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180905005425/ <![CDATA[News - ECR Minerals confirms potential for “significant gold discovery” at Blue Moon; discovers two new targets ]]> https://www.proactiveinvestors.co.uk/companies/news/204064/ecr-minerals-confirms-potential-for-significant-gold-discovery-at-blue-moon-discovers-two-new-targets-204064.html ECR Minerals PLC (LON:ECR) shares spiked once on Monday as the miner confirmed the potential for a “significant gold discovery” at its Blue Moon prospect in Central Victoria, Australia.

In July, ECR told investors it was carrying out a technical review of the project after results from an initial drilling campaign provided “evidence of a significant near surface gold system”.

READ: ECR unearths significant mineralisation at Blue Moon

The review has backed up that earlier theory and suggested that there could be higher grade mineralisation a bit further below the surface, similar to the nearby 1mln ounce Fosterville mine.

As a result, ECR now plans to undertake more drilling at Blue Moon in “the coming months”.

In addition to the review, the explorer has also undertaken field mapping and soil sampling over previously unexplored areas just to the north and north-west of Blue Moon.

This work programme has identified two new prospective targets – called Red Moon and Yellow Moon – which share similarities with Blue Moon.

Further work on those two targets is due to begin shortly as ECR looks to better understand them and help determine a follow-up work programme.

Boss delighted with progress

“I am delighted with the progress our technical team have made with the review of Blue Moon,” said chief executive Craig Brown.

“It is evident that the Blue Moon target offers an opportunity to discover a significant gold deposit and that will be our prime objective in the forthcoming drill campaign.”

He added: “Furthermore, the addition of two new targets at Red Moon and Yellow Moon is extremely exciting for the technical team and the company.

“The multiple gold targets identified to date support the rationale of the company in securing the Bailieston licence with the overall objective being the discovery of a significant and economic gold deposit.”

ECR shares rose 16.2% to just shy of a penny in early trading on Monday.

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Mon, 03 Sep 2018 12:10:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/204064/ecr-minerals-confirms-potential-for-significant-gold-discovery-at-blue-moon-discovers-two-new-targets-204064.html
<![CDATA[RNS press release - New Gold Targets Blue Moon Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180903005094/ Mon, 03 Sep 2018 11:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180903005094/ <![CDATA[RNS press release - Iceberg Gold Project – Option Shares Admission Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180815005244/ Wed, 15 Aug 2018 09:16:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180815005244/ <![CDATA[News - ECR Minerals to “become more proactive” in Argentina ]]> https://www.proactiveinvestors.co.uk/companies/news/202932/ecr-minerals-to-become-more-proactive-in-argentina-202932.html ECR Minerals PLC (LON:ECR) has told investors it intends to “become more proactive” in Argentina after management visited the country, meeting with the Department of Mining and being presented with multiple new opportunities.

Craig Brown, ECR chief executive, highlighted:  “during our visit we were extremely pleased with the opportunities presented to expand our existing interests in gold and also lithium.”

The trip followed a recent funding which saw ECR raise £0.65mln in a share placing and issued warrants that could deliver a further £1.04mln of capital.

READ: ECR Minerals surges as it secures finance to expedite projects

While in Argentina, management discussed the status and plans for its existing interests, specifically the Sierra de las Minas (SLM) gold prospecting project, which since March had been in something of a hiatus as ECR elected to “watch developments and conserve resources”.

During the visit, however, the company held a full review of SLM, including liaison with the Ministry of Mining in the La Rioja province, and it today said it was pleased with the outcome. Now, with its enhanced financial position the company has restarted work at SLM, and, it intends to shortly detail its proposed programme at the project.

It also identified other opportunities, to build a portfolio of assets in Argentina.

A fresh look at existing assets and new opportunities

“With our significant cash at bank and with core costs covered into late 2019 we have been able to look with fresh eyes at all the company’s interests in order to advance existing projects and also seek new additional complementary opportunities,” Brown said.

He added: “ECR has a long history of working in South America and particularly Argentina.

“Our engagement with the Department of Mining was particularly productive and we were highly encouraged by their professionalism and support for our investment in La Rioja province.

“In addition during our visit we were extremely pleased with the opportunities presented to expand our existing interests in gold and also lithium. The board have decided to become more proactive in Argentina and are now pursuing a number of initiatives upon which we will report to market if they were to progress.”

Brown, meanwhile, also reaffirmed ECR’s continuing commitment to its Australian asset base.

“Our main driving force of late has been Australian exploration and that will continue with the Board currently in Perth to review progress in our existing Victoria interests, to undertake due diligence in respect of the recently announced Iceberg gold project and to review a number of new and potential opportunities,” he said.

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Wed, 15 Aug 2018 08:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/202932/ecr-minerals-to-become-more-proactive-in-argentina-202932.html
<![CDATA[RNS press release - Argentina Progress Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180814005785/ Wed, 15 Aug 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180814005785/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180814005439/ Tue, 14 Aug 2018 14:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180814005439/ <![CDATA[News - ECR Minerals lands option for Iceberg gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/202178/ecr-minerals-lands-option-for-iceberg-gold-project-202178.html ECR Minerals PLC (LON:ECR) told investors that it has secured an option over the Iceberg gold project in Western Australia.

Iceberg comprises 3 tenement areas covering 137 square kilometres of ground immediately along strike and adjacent to the Tropicana gold mine which host some 8mln ounces of gold.

It secures the project for a £25,000 option fee, giving it 60 days to exercise via a further payment of £225,000 to acquire 100% of the asset.

READ: ECR Minerals surges as it secures finance to expedite Blue Moon

“The signing of this option agreement is another step forward in ECR’s campaign to become a leading Australian focused gold and strategic metals exploration and development company,” said Craig Brown, ECR chief executive.

“Competition for project opportunities in the Proterozoic belts is increasing, particularly following recent large discoveries in the Paterson province of Western Australia. There remains the potential for further multi-million ounce discoveries within this type of geology.”

Brown added: “Given this backdrop, the ECR Minerals team are excited to be offered an opportunity to secure an option over this project package. Subject to the successful completion of our due diligence work, we look forward to moving forward with the project.”

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Fri, 03 Aug 2018 07:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/202178/ecr-minerals-lands-option-for-iceberg-gold-project-202178.html
<![CDATA[RNS press release - Option Agreement – Iceberg Gold Project Western Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180802006077/ Fri, 03 Aug 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180802006077/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180801005362/ Wed, 01 Aug 2018 09:32:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180801005362/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180724005686/ Tue, 24 Jul 2018 16:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180724005686/ <![CDATA[News - ECR Minerals reveals plans for new gold, lithium and cobalt opportunities ]]> https://www.proactiveinvestors.co.uk/companies/news/201114/ecr-minerals-reveals-plans-for-new-gold-lithium-and-cobalt-opportunities-201114.html ECR Minerals PLC (LON:ECR) told investors that whilst it has focused on the Blue Moon project, in accordance with its new strategy, it has also evaluated a number of new opportunities.

Earlier this month, the company landed new capital alongside its new strategy and it has now set aside an A$100,000 fund for the new opportunities, to support initial due diligence and licence application costs.

It highlighted today that the potential target areas fall into two areas - precious metals (primarily gold) and strategic energy metals & minerals (lithium and cobalt).

READ: ECR Minerals surges as it secures finance to expedite Blue Moon

“The recent strategic financing has placed the company in an extremely strong financial position with sufficient working capital against current operational plans until at least Q3 2019,” said Craig Brown, ECR chief executive.

“The strength of this financial position means, as a company, we are able to proactively progress our current business interests but also to aggressively pursue new opportunities that may complement our existing portfolio of projects in Australia.”

Brown added: “This announcement confirms that we are seeking to build ECR’s portfolio expeditiously reflecting the resurgence in the Australian resource environment and the steadily reducing pool of reasonably priced projects and exploration ground.

“At this time significant opportunities still exist and are to be seized upon by those with the focus, skill set and vision to do so.”

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Thu, 19 Jul 2018 07:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/201114/ecr-minerals-reveals-plans-for-new-gold-lithium-and-cobalt-opportunities-201114.html
<![CDATA[RNS press release - Strategic & Operational Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180718005845/ Thu, 19 Jul 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180718005845/ <![CDATA[News - ECR Minerals surges as it secures finance to expedite development programme at Blue Moon ]]> https://www.proactiveinvestors.co.uk/companies/news/200572/ecr-minerals-surges-as-it-secures-finance-to-expedite-development-programme-at-blue-moon-200572.html Shares in ECR Minerals PLC (LON:ECR) shot up after the precious metals exploration and development company announced details of a strategic financing.

The share price, already flying high after its interim results and news of drilling success at its Blue Moon gold prospect in Australia, rose 14.8% to 0.78p after the company raised £650,000 through the issue of 92.9mln shares at 0.7p a pop.

READ: ECR Minerals jumps as it unearths evidence of significant mineralisation at Blue Moon

The company said that it now has sufficient working capital against current operational plans to last until the third quarter of next year, at least, while further funds could find their way into the coffers should any warrants holders choose to exercise the warrants that have been attached to the newly issued shares. Should all warrants be converted this would generate about £1,045,000 before expenses for the company.

ECR said the funds raised would be used to expand its Australian operations, including an accelerated development programme at the Blue Moon target in the Victoria region.

The company also now has the funds to consider additional opportunities in Australian gold and strategic metals, to complement existing interests.

Adding to #ECR position - market trying to make it look weak. Ha! Quite the opposite!

— paul johnson (@pauljohnson9691) July 11, 2018

“We are delighted to announce this strategic financing which considerably bolsters the company’s working capital position and provides a significantly extended cash runway with which to implement our operational plans,” said Craig Brown, the chief executive officer of ECR Minerals.

“The gold mineralisation identified at Blue Moon and announced on Friday 6th July 2018 is a priority target for ECR, and as such, the company intends to pursue further work on this target immediately. Furthermore, the company is aware of numerous opportunities to augment its Australian gold exploration portfolio, and the additional funds raised will enable ECR to review and crystallise those opportunities that could add considerable value for shareholders,” he added.

Great news for #ECR @ecrminerals - financing will be used immediately to accelerate Blue Moon development #gold #mining #Australia #Victoria https://t.co/x0LbRG7P8Q

— Alan Green (@Alan__Green) July 11, 2018 ]]>
Wed, 11 Jul 2018 10:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/200572/ecr-minerals-surges-as-it-secures-finance-to-expedite-development-programme-at-blue-moon-200572.html
<![CDATA[RNS press release - Strategic Financing, Business Update & New Joint Broker ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180711005299/ Wed, 11 Jul 2018 09:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180711005299/ <![CDATA[News - ECR Minerals jumps as it unearths evidence of significant mineralisation at Blue Moon ]]> https://www.proactiveinvestors.co.uk/companies/news/200283/ecr-minerals-jumps-as-it-unearths-evidence-of-significant-mineralisation-at-blue-moon-200283.html ECR Minerals PLC (LON:ECR) jumped nearly 14% higher in afternoon trading on Friday after the miner said assay results of recent drilling “provide evidence of a significant near surface mineralised system” at the Blue Moon gold prospect in Central Victoria, Australia.

In a statement, the AIM-listed company said the results showed large mineralised gold intercepts measured of up to 39.5 metres, located some 24 metres from the surface after drilling following up on technical work which indicated potential for an extensive system.

READ: ECR Minerals' half-year loss narrows as it turns focus squarely on Victoria

The firm said all three holes intercepted gold mineralisation which it said supports the hypothesis that Blue Moon is a disseminated gold system comparable to the Fosterville mine which is larger than 1mln ounces of gold.

ECR also suggested there is potential higher grades may be encountered at depth and added that further analysis of the drilling will be undertaken and the company said it is carrying out additional work to move the project forward as rapidly as possible.

In mid-afternoon trading, ECR Minerals shares were 13.9% higher at 0.9p.

 -- Adds share price -- 

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Fri, 06 Jul 2018 10:53:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/200283/ecr-minerals-jumps-as-it-unearths-evidence-of-significant-mineralisation-at-blue-moon-200283.html
<![CDATA[RNS press release - Gold System Identified at Blue Moon Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180706005093/ Fri, 06 Jul 2018 10:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180706005093/ <![CDATA[RNS press release - Directorate Change ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180705005453/ Thu, 05 Jul 2018 17:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180705005453/ <![CDATA[News - ECR Minerals' half-year loss narrows as it turns focus squarely on Victoria ]]> https://www.proactiveinvestors.co.uk/companies/news/199849/ecr-minerals-half-year-loss-narrows-as-it-turns-focus-squarely-on-victoria-199849.html ECR Minerals PLC (LON:ECR) reported a narrowed loss in its half-year results as it turned its focus squarely on projects in the Australian state of Victoria.

The AIM-listed miner reported a pre-tax loss for the period of £247,945, a reduction on the £433,804 loss in the same period last year, while it ended the period with cash and cash equivalents totalling £701,499, up from £107,508 the same time last year.

READ: ECR Minerals details findings at Bung Bong and Monte Christo

The company also said it had increased its net assets to £3.41mln from £2.38mln in the same period last year.

Craig Brown, chief executive of ECR, said that during the period the firm had continued to concentrate its efforts on gold exploration in Victoria, which he said was a relatively overlooked gold exploration destination given its impressive past gold production of around 85mln ounces.

He also noted that the Fosterville mine, located in the same district as ECR’s Bailieston and Moormbool projects, has produced more than one million ounces to date.

Earlier in June, ECR said it had completed a diamond drilling programme across its Bung Bong and Monte Christo projects in the region, which had raised the possibility that there may be further exploration potential at depth, below the base of oxidation.

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Fri, 29 Jun 2018 07:56:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/199849/ecr-minerals-half-year-loss-narrows-as-it-turns-focus-squarely-on-victoria-199849.html
<![CDATA[RNS press release - Unaudited Half-Yearly Results for the Six Months Ended 31 March 2018 ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180628006298/ Fri, 29 Jun 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180628006298/ <![CDATA[News - ECR Minerals details findings at Bung Bong and Monte Christo ]]> https://www.proactiveinvestors.co.uk/companies/news/198270/ecr-minerals-details-findings-at-bung-bong-and-monte-christo-198270.html ECR Minerals PLC (LON:ECR) has completed a diamond drilling programme across the Bung Bong and Monte Christo gold prospects in Central Victoria, Australia.

“All five holes at Bung Bong and the two holes at Monte Christo fulfilled their intended purpose, which was to test the structural architecture of the target areas and guide further drilling, if warranted,” said Craig Brown, ECR chief executive.

READ: ECR drilling moves on to Blue Moon

“These were the first ever drill holes at Bung Bong and Monte Christo, and gold mineralisation was intersected at both prospects, although we did not encounter any high-grade shoots in this drilling.”

Brown added: “The company will be considering what future work, whether drilling, geophysics or surface geochemistry, may be appropriate at these two prospects.

“Separately, we look forward to receiving assay results from the recently completed drilling at Blue Moon.”

Monte Cristo

ECR revealed that one hole at Monte Cristo encountered two quartz zones, although further analysis showed the zones to be weakly mineralised.

Another hole did not encounter the same reef development as AMC001, but it did measure 1 metre with a gold grade of 1.89 grams per tonne.

Bung Bong

The company said that the Bung Bong area showed potential for bulk tonnage but drill results did not identify the location of a mineralised shoot. It added that previously recorded gold intercept was below the oxide zone and it is possible that sulphide destruction has led to gold depletion, as hypothesised at Monte Christo.

This raises the possibility that there may be further exploration potential at depth, below the base of oxidation, in the case of both Monte Christo and Bung Bong, ECR added.

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Tue, 05 Jun 2018 11:04:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/198270/ecr-minerals-details-findings-at-bung-bong-and-monte-christo-198270.html
<![CDATA[RNS press release - Drilling Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180605005810/ Tue, 05 Jun 2018 10:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180605005810/ <![CDATA[News - ECR completes drilling at Monte Christo gold project and moves on to Blue Moon ]]> https://www.proactiveinvestors.co.uk/companies/news/197437/ecr-completes-drilling-at-monte-christo-gold-project-and-moves-on-to-blue-moon-197437.html ECR Minerals PLC (LON:ECR) has wrapped up a drill programme on the Monte Christo gold prospect in Central Victoria, Australia.

Two holes were drilled into quartz reefs that were historically mined at surface. The idea was to test the structural architecture of the prospect.

Read: ECR Minerals brings regional expert aboard as drilling programme begins

The drilling at Monte Christo is part of a larger diamond drilling programme across a number of gold prospects in Central Victoria, and drilling has now commenced at the Blue Moon gold-antimony prospect.

The drilling at Blue Moon will test arsenic and antimony anomalies identified by the soil geochemical survey completed earlier. That survey used a portable XRF to delineate proxy minerals associated with gold.

An arsenic-anomalous zone up to 40m wide and more than 200 metres long has been identified and previous work has shown anomalism over a further 150 metres to the west.

Previous rock chip samples include results of 12.1 grams per tonne, 10.1 grams and 7 grams.

ECR believes it is possible that the gold is disseminated and therefore would have been difficult to extract for the historical miners. However, disseminated gold deposits are of intrinsic interest to the modern-day mining industry.

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Tue, 22 May 2018 08:25:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/197437/ecr-completes-drilling-at-monte-christo-gold-project-and-moves-on-to-blue-moon-197437.html
<![CDATA[RNS press release - Monte Christo Drilling Successfully Completed and Drilling Commenced at Blue Moon Gold-Antimony Target ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180521006161/ Tue, 22 May 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180521006161/ <![CDATA[News - ECR Minerals completes Bung Bong gold drilling ]]> https://www.proactiveinvestors.co.uk/companies/news/196318/ecr-minerals-completes-bung-bong-gold-drilling-196318.html ECR Minerals PLC (LON:ECR) told investors that it has now completed drilling at the Bung Bong gold project in Central Victoria, Australia.

The programme of work is part of a larger diamond drilling campaign which will span a number of the company’s gold projects in the region.

Next, drilling will shortly begin at the Monte Christo prospect - followed by the Blue Moon, Black Cat and Byron prospects.

READ: ECR Minerals brings regional expert aboard as drill programme begins

“Following a period of comprehensive geochemical and geophysical analysis across our four Victorian gold tenements, ECR is executing its plan to drill-test multiple high-priority gold prospects,” said Craig Brown, ECR chief executive.

“It bears noting that all four of the tenements are located in areas of extensive historical mining, and in the case of Bailieston, close to mines that are significant gold producers today.”

Bung Bong drilling

At Bung Bong, five holes were drilled and the company highlighted that they successfully tested the prospect’s structural architecture.

“Regularly-spaced faults have been logged in the drill core, in line with the style of faulting observed in the nearby road cutting. Quartz veins developed and partitioned by these episodically moving faults, as well as veins running along the fault, have been observed in sufficient volumes to indicate bulk tonnage potential,” the company explained.

Drill cores are presently being analysed, results are expected in the near future.

“We are excited that the first-pass drilling at Bung Bong is now complete and whilst we look forward to receiving assay results shortly, we are shifting our drilling operations to the Monte Christo prospect,” Brown said.

Next up Monte Cristo

The planned drilling, an initial two holes, will examine quartz reef structures beneath historical mine workings which are seen to span some 1,000 metres of strike length.

Specifically, the drilling aims to test the gold-bearing reefs for their structural configuration, width and gold endowment, ECR explained.

Brown added: “The near-term objective of ECR’s work at Bung Bong, Monte Christo and the pipeline of other prospects mentioned above is to identify those at which the geology may justify follow-up reverse circulation drilling, which would have the aim of delineating a maiden mineral resource estimate in respect of one or more deposits.”

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Thu, 03 May 2018 07:58:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/196318/ecr-minerals-completes-bung-bong-gold-drilling-196318.html
<![CDATA[RNS press release - Bung Bong Gold Prospect - Drilling Successfully Completed, Structural Architecture Indicates Bulk Tonnage Potential ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180502006865/ Thu, 03 May 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180502006865/ <![CDATA[RNS press release - Results of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180424005994/ Tue, 24 Apr 2018 15:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180424005994/ <![CDATA[RNS press release - ECR at UK Investor Show in London ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180419006622/ Fri, 20 Apr 2018 07:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180419006622/ <![CDATA[News - ECR Minerals adds gold project to Victoria portfolio at no cost ]]> https://www.proactiveinvestors.co.uk/companies/news/195439/ecr-minerals-adds-gold-project-to-victoria-portfolio-at-no-cost-195439.html ECR Minerals PLC (LON:ECR) has added to its portfolio in Victoria, Australia with the acquisition of the Creswick gold project at no cost.

The site is believed to be highly prospective for the yellow metal hosted within the Dimocks Main Shale (DMS) and only two holes have been drilled to test this area, both in the 1990s.

READ: ECR Minerals brings regional expert aboard as drilling programme begins

The results included an intercept of 2 metres (m) at 12.28 g/t (grams per ton) gold, while the highlight was to the south of the Creswick project area at 2 m at 176 g/t gold.

“We are pleased to add another highly prospective licence to MGA's portfolio in Victoria, especially for no acquisition cost," said Craig Brown, the chief executive of ECR.

"The mines in and around Ballarat have been immensely productive in the past, and gold mining continues in the town today. With this in mind, we look forward to commencing field activities at the Creswick project."

The exploration licence was transferred to the firm by the previous holder with no consideration payable. It expired on December 28, 2021.

The DMS extends over a 15km trend from the mining centre of Ballarat to the south, including approximately 3km within the Creswick project area.

A programme of eight holes was designed for the previous holder of the licence and submitted for approval.

ECR is mulling whether to carry out this drilling immediately after the ongoing drilling campaign covering the Avoca and Bailieston projects has been completed.

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Fri, 20 Apr 2018 07:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/195439/ecr-minerals-adds-gold-project-to-victoria-portfolio-at-no-cost-195439.html
<![CDATA[RNS press release - Acquisition of Creswick Gold Project in Victoria, Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180419006623/ Fri, 20 Apr 2018 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20180419006623/ <![CDATA[News - ECR Minerals brings regional expert aboard as drilling programme begins ]]> https://www.proactiveinvestors.co.uk/companies/news/195044/ecr-minerals-brings-regional-expert-aboard-as-drilling-programme-begins-195044.html ECR Minerals PLC (LON:ECR) is pushing on in the gold producing province of Victoria, where it holds several 100% licences via its subsidiary, Mercator Gold Australia Ltd (MGA).

Underpinning the developments is the leader of on-ground exploration activities, Dr Rodney Boucher, appointed by MGA in November 2017.

WATCH: ECR Minerals kicks off drilling programme at Bung Bong gold prospect

Boucher has extensive experience in the region and has carried out geological mapping in key zones around most of the company’s known prospects.

Boucher also brings many years of involvement with Perseverance Corporation, the developers of the Fosterville gold mine, a one-million-ounce asset next door to MGA’s Bailieston licence.

First drilling at Bung Bong

The miner is expecting MGA to commence a first pass drilling programme at its Bung Bong gold prospect on the Avoca tenement, where geochemical results have indicated a lot of gold mineralisation.

Bung Bong isn’t the only prospect the company has its eye on, with four other licence areas at the Avoca tenement said to indicate potential for both disseminated and nugget styles of gold.

“One of the beauties of Bung Bong is a lot of its [gold potential] is sitting very close to the surface” says Boucher.

“Hopefully we can work out where a fault may be that may give some enhanced potential ... everything’s stacking up right.

“The historic workings are telling us there’s gold in the system and the prospectors have told us they’re getting gold nuggets.”

“The real key to Bung Bong is we’ve got good structure with seven faults … we can make a sizeable pit out of the significant width from all these faults.” 

He adds that once the latest drilling is completed at Bung Bong, the next target will most likely be the Monte Christo site in the same tenement before heading over to the Bailieston project.

License renewal at Bailieston

The Bailieston project will also be a long term asset to the group, with MGA renewing its exploration licence for a further 5 years.

The company has already acquired drilling permits for the HR3 area and Black Cat prospect within the licence.

While the share price has dropped slightly during the last 8 months to 0.85p, but with drilling getting underway, the scale of the prospect should become apparent reasonably quickly.

At close on 13 April 2018, the share price stands at 0.88p, with ECR’s market cap at £2.17mln.

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Mon, 16 Apr 2018 12:29:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/195044/ecr-minerals-brings-regional-expert-aboard-as-drilling-programme-begins-195044.html
<![CDATA[Media files - ECR Minerals kicks off drilling programme at Bung Bong gold prospect ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/9065/ecr-minerals-kicks-off-drilling-programme-at-bung-bong-gold-prospect-9065.html Fri, 13 Apr 2018 14:48:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/9065/ecr-minerals-kicks-off-drilling-programme-at-bung-bong-gold-prospect-9065.html <![CDATA[News - ECR Minerals reports positive geochemical results and begins drilling programme at Bung Bong ]]> https://www.proactiveinvestors.co.uk/companies/news/194921/ecr-minerals-reports-positive-geochemical-results-and-begins-drilling-programme-at-bung-bong-194921.html ECR Minerals PLC (LON:ECR) said it has seen positive geochemical results and has begun a drilling programme at the Bung Bong gold prospect at its Avoca tenement in Victoria.

The AIM-listed gold miner said geochemical results and geological observations at Bung Bong indicated several fault-related quartz and quartz spurs to test as potential high-volume targets for gold mineralisation at the surface.

READ: ECR Minerals focuses on gold exploration in Victoria while ‘remaining on a strong financial footing’

ECR added that the number of quartz-related structures and a paucity of deep workings at Bung Bong provides opportunity for an open cut operation and that road cutting to the north of the workings has exposed seven west-dipping faults over a 40m zone with associated quartz veining.

One hypothesis is that the geochemical pattern could correspond to the seven faults branching from an anticline.

The Avoca tenement, owned by ECR’s subsidiary Mercator Gold Australia Ltd (MGA), is home to several prospects in which the company intends to conduct drilling programmes.

A first pass diamond drilling programme of six holes to 70m depth to assess the nature and continuity of the faults and associated quartz veining and gold mineralisation is scheduled to begin 15 April 2018 at Bung Bong.

ECR said early indications from pipeline of geochemical surveys carried out at additional prospects within MGA’s four licence areas are highly encouraging, indicating potential for disseminated (Fosterville-style) and nuggetty (Bendigo\Ballarat-style) gold.

Craig Brown, ECR chief executive, commented: “In order to maximise the chances of drilling success, MGA has invested time and effort in developing a geological understanding of our multiple target areas within this prolific gold producing region of Victoria prior to further exploring these further. We are now excited to be imminently commencing with an initial drill programme pass of six holes of up to 70m in depth at our Bung bong prospect within our Avoca licence area.

He added: “The anticipated outcome of this first programme is to establish if the fault, fold and quartz geometries and mineralising relationships are indicative for a significant orebody for follow-up RC resource drilling. We look forward to updating the market in due course.”

Shares in ECR Minerals were up 6.2% at 0.85p in early trading Friday.

--Adds share price--

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Fri, 13 Apr 2018 07:32:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/194921/ecr-minerals-reports-positive-geochemical-results-and-begins-drilling-programme-at-bung-bong-194921.html