Proactiveinvestors United Kingdom ECR Minerals PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom ECR Minerals PLC RSS feed en Sat, 19 Jan 2019 03:46:41 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![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
<![CDATA[RNS press release - Strategic Gold Licence Applications – Yilgarn Region Australia ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190101005035/ Wed, 02 Jan 2019 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20190101005035/ <![CDATA[RNS press release - Director Participation – Strategic Financing ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181220005571/ Thu, 20 Dec 2018 16:09:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181220005571/ <![CDATA[News - ECR Minerals eyes substantial prizes in Victoria gold belt ]]> https://www.proactiveinvestors.co.uk/companies/news/211334/ecr-minerals-eyes-substantial-prizes-in-victoria-gold-belt-211334.html Significant gold discoveries have been made in Australia over the past year and ECR Minerals Limited (LON:ECR) is keen to add its name to the list.

In September, ECR announced it had found a large gold system in the Dimocks Main Shale (DMS) exploration targets, part of the wider Creswick project.

Dimocks Main Shale

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

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 for an estimated 15Km in total, including adjacent tenements.

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.

Other prospects in Victoria include Avoca, Bailieston, Moormbool and Timor.

Newmont takes an interest nearby

Interest in the region has grown sufficiently for US giant Newmont to apply for a permit to explore a large area bordering the Bailieston and Moormbool gold projects.

Sample at Bailieston returned grades up to 67.4g/t gold.

A £680,000 fundraising in December has provided cash to fund the exploration programme in Australia until the second quarter of 2020.

Shares were issued at 0.7p per share and came with a warrant exercisable at 1.125p.

The money will cover 4,000 metres of reverse circulation drilling at the Blue Moon, Creswick and Black Cat prospects and 1,400 metres of scout drilling at Avoca.

 “We believe our gold interests in Victoria region in Australia have been validated by the large licence application submitted by Newmont Mining Pty Limited adjacent to our Bailieston and Moormbool projects,” said Brown.

“Moreover work at our Creswick project has revealed, through exploration mapping, a large gold system with exciting potential.

Directors visit Argentina

Elsewhere, ECR has earned a 25% interest in the Danglay epithermal gold project in the north of the Philippines.

An NI43-101 technical report was completed there in December 2015.

ECR’s wholly owned Argentine subsidiary Ochre Mining also has 100% ownership of the SLM gold project in La Rioja, Argentina.

Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.

Directors visited the prospect in December and new on the plans for the prospect are expected in the New Year.

Ahead of the latest fundraising, ECR was valued at £2.3mln at 0.68p.

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Mon, 17 Dec 2018 11:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211334/ecr-minerals-eyes-substantial-prizes-in-victoria-gold-belt-211334.html
<![CDATA[News - ECR Minerals to step up exploration in Victoria after fund raise ]]> https://www.proactiveinvestors.co.uk/companies/news/211314/ecr-minerals-to-step-up-exploration-in-victoria-after-fund-raise-211314.html ECR Minerals PLC (LON:ECR) has raised £680,000, a sum sufficient for the junior to fund its exploration programme in Australia until the second quarter of 2020.

Shares were issued at 0.7p per share and came with a warrant exercisable at 1.125p.

ECR is exploring for gold in Victoria in Australia and will use the funds for 4,000 metres of reverse circulation drilling at the Blue Moon, Creswick and Black Cat prospects and 1,400 metres of scout drilling at Avoca.

READ: ECR Minerals submits four new licence applications to augment existing gold exploration interests in Australia

Directors have also just concluded a visit to Argentina and will update on developments there in the new year.

Craig Brown, chief executive, said: “ECR is in a financially robust position and can now push ahead with exploration and development across the business.

“We believe our gold interests in Victoria region in Australia have been validated by the large licence application submitted by Newmont Mining Pty Limited adjacent to our Bailieston and Moormbool projects.

“Moreover work at our Creswick project has revealed, through exploration mapping, a large gold system with exciting potential.

“We have added additional ground with complementary licence applications recently announced, and we have more opportunities for new licences and new corporate activity to further bolster our business.”

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Mon, 17 Dec 2018 08:51:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211314/ecr-minerals-to-step-up-exploration-in-victoria-after-fund-raise-211314.html
<![CDATA[RNS press release - Strategic Financing and Business Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181216005029/ Mon, 17 Dec 2018 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181216005029/ <![CDATA[News - ECR Minerals submits four new licence applications to augment existing gold exploration interests in Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/210459/ecr-minerals-submits-four-new-licence-applications-to-augment-existing-gold-exploration-interests-in-australia-210459.html ECR Minerals PLC (LON:ECR) said it has submitted four new licence applications to augment its existing gold exploration interests in the Victoria region of Australia and is undertaking further work to identify other strategic exploration opportunities.

The AIM-listed precious metals exploration and development company said the new licence applications have been submitted by ECR’s 100% owned Australian operating vehicle Mercator Gold Australia Pty Limited.

READ: ECR Minerals shares lifted as it reaches “interesting point in its development”

It added that three of the applications have been submitted in the Bailieston/Moormbool gold project area to augment existing licences and secure available ground south and south and south-west of an application submitted by Newmont Exploration Pty Limited in recent weeks.

The group said the fourth application has been submitted to augment ground in the Creswick project area and covers a southern portion of the Dimocks Main Shale which sits between two large gold producing areas where it is estimated, historically, 15mln ounces of gold has been produced.

The firm added that the company’s technical team believe that they have identified the hard rock source for a significant portion of those 15mln ounces of gold, although further work is required to validate this proposition.

Craig Brown, ECR’s chief executive officer commented: “The recent application submitted by Newmont Exploration Pty Limited over a large area bordering our Bailieston and Moormbool gold projects is an important ratification of our strategic Australian gold positioning. The presence of Newmont adds weight to the potential prospectivity of the area.”

He added: “ECR’s exploration work at Bailieston has recently demonstrated gold prospectivity as highlighted by the results of our Bailieston sampling programme announced on 28 September 2018 with gold grades up to 67.4g/t.

“At Creswick and as announced on 25 September 2018 our exploration mapping revealed a large gold system, and reflecting our wider exploration work to date, we have taken the opportunity to secure more strategic ground south of our existing Creswick project area.”

Brown concluded: “ECR continues to examine new opportunities and will move to secure additional ground where appropriate.”

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Tue, 04 Dec 2018 07:45:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/210459/ecr-minerals-submits-four-new-licence-applications-to-augment-existing-gold-exploration-interests-in-australia-210459.html
<![CDATA[RNS press release - New Licence Applications – Australian Gold Portfolio ]]> https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181203005958/ Tue, 04 Dec 2018 07:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/rns/625/BWIPREM_20181203005958/ <![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