ECR Minerals receives further chunk of Chinese money
The cash will fund drill programmes at the Avoca and Bailieston gold projects in Australia
Company
LON:ECR
ECR Minerals PLC is a mineral exploration and development company advancing the Bailieston and Creswick gold projects in central Victoria. The company also has three approved exploration permits covering 946 square kilometres over a relatively unexplored area in Lolworth Range, Queensland.
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The cash will fund drill programmes at the Avoca and Bailieston gold projects in Australia
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The firm will also use the money for ongoing activity in Australia, where it owns the Avoca and Bailieston gold projects, and to look at new opportunities, it said.
London shares ended lower on Thursday as a robust manufacturing survey was interpreted as adding to production costs, rather than boosting exports in the wake of Britain’s vote to leave the European Union
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The Footsie pared earlier gains, although the UK-focused FTSE 250 rebounded