Proactiveinvestors United Kingdom ECR Minerals PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom ECR Minerals PLC RSS feed en Mon, 25 Mar 2019 17:43:52 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - ECR Minerals looking to replicate Havieron success in Western Australia ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12596/ecr-minerals-looking-to-replicate-havieron-success-in-western-australia-12596.html Thu, 14 Mar 2019 12:57:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12596/ecr-minerals-looking-to-replicate-havieron-success-in-western-australia-12596.html <![CDATA[News - ECR Minerals reports further significant high-grade gold assays from drilling at Blue Moon prospect in Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/216475/ecr-minerals-reports-further-significant-high-grade-gold-assays-from-drilling-at-blue-moon-prospect-in-australia-216475.html ECR Minerals PLC (LON:ECR) shares rose on Thursday after it reported significant high-grade gold assays from the reverse circulation (RC) drilling programme recently completed at the Blue Moon prospect in Australia.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Shares were up 5.9% at 0.9p.

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

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

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

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

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

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

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

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

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

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

LOOK: Pictures from Black Cat drill programme

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

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

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

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

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

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

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

WATCH: Pictures from the latest round of drilling at Creswick

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

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

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

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

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

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

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

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

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

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

It has not been previously drilled

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

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

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

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

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

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

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

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

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

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

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

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

Shares were up 6.5% at 0.8p.

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

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

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

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

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

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

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

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

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

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

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

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

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

READ: ECR Minerals moves into Western Australia

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

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

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

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

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

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

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

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

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

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

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

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

Australia projects

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

 

 

 

 

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

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

READ: ECR Minerals eyes substantial prize in Victoria gold belt

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

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

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

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

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

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

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

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