08:00 Thu 11 Oct 2018
Bailieston Gold Project Australia - Additional Sampling Results
--(BUSINESS WIRE)--
(“ECR Minerals”, “ECR” or the “Company”)
BAILIESTON GOLD PROJECT – ADDITIONAL SAMPLING RESULTS
(LON:ECR) the precious metals exploration and
development company is pleased to announce the assay results of the
second batch of rock chip sampling undertaken at the Company’s HR3
project at Bailieston (the “Project”) in .
The Company released the results from the first batch of sampling in its
market announcement of further details of which can be
found in the following link:
https://polaris.brighterir.com/public/ecr_minerals/news/rns/story/xlme9gr
Highlights:
“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., Chief Executive Officer of ,
commented:
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.
In addition, the Company awaits the results of rock chip sampling
undertaken at Creswick, where on the Company announced
that exploration mapping had revealed a large gold system. The results
from Creswick will be released to the market in the near term.”
Further information in respect of the Project Area and Historical Sampling
The Bailieston project area contains multiple reefs, including the
Bryon, Scoulars and Maori Reefs that were drilled by the Company in 2017
(results provided in an announcement on ). These three
reefs and adjacent reefs were sampled. From historic reporting and the
Company mapping, these reefs are fault-hosted. Where observed, faults
are up to 70 cm wide and contain quartz veins to 15 cm parallel to the
faults and stockwork quartz within the fault zone and in the hanging
wall and footwall sandstones and shales adjacent to the faults. However,
due to the varying quality of the exposure in the open workings, it is
not always possible to ascertain if the sampled material is from within
the fault or in the hanging wall or footwall.
151 rock chip and mullock samples have been previously taken in the project area, although not all were undertaken by the Company and therefore not all the results can be verified. In the 1980’s Gold Mines of Kalgoorlie collected 16 samples with results reaching 2.1 g/t Au. A comprehensive sampling program in 2014 contained results reaching 23 g/t Au.
A summary of the sources of historical sampling is provided below:
The Company’s own sampling program included testing of quartz veins plus
the surrounding sedimentary host rocks. The samples containing the
quartz veins were consistently higher grade. The results from this work
is shown in Figure 9.5 of a Competent Persons Report to the Company
announced on 20 . However, Figure 9.5 does not
distinguish between the samples that have quartz from those that do not
and was assayed by three differing laboratories. The current round of
sampling therefore aims to gain a consistent set of samples, assayed by
only one laboratory.th
Mineralised Sample Table
NOTE:
1. All sample locations reported MGA 94 Zone 55.
2. Analysis by On Site Laboratory Services (ISO 9001 Registered),
Bendigo, .
3. Au_R (ppm): Repeat analysis of original sample
Table 1. Assay results of 29 samples greater than 0.5 g/t Au from the 75 rock chip samples submitted. Repeat analysis results for selected samples also shown.
COMPETENT PERSON STATEMENT
The information in this announcement that relates to Exploration Results
is based on information compiled by Dr of
provides geological services to , including the services of , who has a PhD in geology,
is a Member and RPGeo of the and
is a Member of the . has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as defined in
the 2012 Edition of the ‘Australasian Code for Reporting of Exploration
Results, Mineral Resources and Ore Reserves’. consents to the
inclusion in the announcement of the material based on his information
in the form and context in which it appears.
ABOUT
ECR is a mineral exploration and development company. ECR’s wholly owned
Australian subsidiary Mercator Gold Australia has 100% ownership of the
Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration
licences in central .
ECR has earned a 25% interest in the Danglay epithermal gold project, an
advanced exploration project located in a prolific gold and copper
mining district in the north of . An NI43-101 technical
report was completed in respect of the Danglay project in
and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership
of the SLM gold project in , . Exploration at SLM has
focused on identifying small tonnage mesothermal gold deposits which may
be suitable for relatively near-term production.
FOR FURTHER INFORMATION, PLEASE CONTACT:
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.
View source version on :businesswire.comhttps://www.businesswire.com/news/home/20181010005995/en/
Source:
- Assay results from a further 75 rock chip samples over the ‘Bailieston’ project confirm gold mineralisation, with assays from 29 samples ranging from 0.56 g/t Au to 22.9 g/t Au;
- Sampling has been extended south to the historic Cherry Tree reefs (HR4), where 53 rock chip samples out of the 75 samples have been taken. Results from 22 of these samples show the presence of gold mineralisation, assays ranging from 0.56 g/t Au to 8.15 g/t Au;
- Repeat assay analysis on 12 selected higher-grade samples returned similar results, demonstrating some consistency in respect to the nature of the gold mineralization;
- The assay for one sample (LX0819) which contained a speck of visible gold at sub-crop was not highlighted in the results (0.18 g/t Au), showing gold mineralisation in part can be coarse, therefore not reporting in the fire assay results.
- 15 samples by (later Gold mines of Kalgoorlie).
Reported in the EL1616 Annual Technical Report ;
Metals Exploration Ltd September 1986 - 49 samples by Sierra Minerals, EL4719 Sept 2006 ATR;
- 6 samples by (later Currawong Resources, later
Mercator Gold), EL5433 Sept 2013 ATR;
Flitegold Ply Ltd - 62 samples by (later Currawong Resources, later
Mercator Gold), EL5433 Sept 2014 ATR plus an additional sample that
was not submitted;
Flitegold Ply Ltd - 1 sample by (later Currawong Resources, later
Mercator Gold), EL5433 Sept 2015 ATR;
Flitegold Ply Ltd - 13 samples by (and reported by Mercator Gold),
EL5433 Sept 2016 ATR including the best assay of all the sampling of
23 g/t.
Flitegold Ply Ltd
Sample ID | Easting | Northing | Au (ppm) | Au_R (ppm) |
LX0832 | 326756 | 5931071 | 22.9 | 22.6 |
LX0822 | 326667 | 5931246 | 17.1 | 17 |
LX0821 | 326565 | 5931299 | 12.8 | 11.5 |
LX0842 | 326779 | 5929949 | 8.15 | 8.8 |
LX0857 | 326719 | 5929831 | 4.38 | |
LX0831 | 326748 | 5931076 | 4.22 | 4.17 |
LX0850 | 326729 | 5929888 | 4.11 | 4.21 |
LX0833 | 326764 | 5931089 | 3.59 | 3.43 |
LX0853 | 326733 | 5929870 | 2.7 | |
LX0873 | 326801 | 5929793 | 2.48 | 2.29 |
LX0855 | 326760 | 5929873 | 2.41 | |
LX0871 | 326797 | 5929793 | 2.3 | 2.13 |
LX0883 | 326816 | 5929836 | 2.06 | 2.23 |
LX0884 | 326703 | 5929753 | 1.76 | |
LX0869 | 326785 | 5929792 | 1.55 | |
LX0860 | 326720 | 5929799 | 1.54 | 1.43 |
LX0827 | 326700 | 5931243 | 1.39 | |
LX0863 | 326757 | 5929808 | 1.12 | |
LX0852 | 326695 | 5929886 | 1.1 | |
LX0872 | 326797 | 5929792 | 1.04 | |
LX0843 | 326774 | 5929951 | 0.99 | 1.06 |
LX0888 | 326663 | 5929650 | 0.92 | |
LX0851 | 326715 | 5929862 | 0.76 | |
LX0885 | 326687 | 5929700 | 0.72 | |
LX0858 | 326708 | 5929835 | 0.68 | |
LX0865 | 326762 | 5929810 | 0.58 | |
LX0826 | 326639 | 5931235 | 0.56 | |
LX0868 | 326777 | 5929810 | 0.56 | |
LX0886 | 326686 | 5929700 | 0.56 |
Tel: +44 (0)20 7929 1010 | ||||
, Non-Executive Chairman | ||||
, Director & CEO | ||||
Email:
| ||||
Website:www.ecrminerals.com | ||||
Tel: +44 (0)161 832 2174 | ||||
Nominated Adviser | ||||
/ | ||||
Tel: +44 (0)1483 413500 | ||||
Broker | ||||
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