ECR Minerals completes Bung Bong gold drilling

2018-05-03 07:58:00
Bung Bong is the first in a series of project areas that are being tested through the ongoing drill campaign.
The exploration areas are in the vicinity of historic mine workings

ECR Minerals PLC (LON:ECR) told investors that it has now completed drilling at the Bung Bong gold project in Central Victoria, Australia.

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

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

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

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

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

Bung Bong drilling

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

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

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

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

Next up Monte Cristo

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

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

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