ECR Minerals confirms Australian property sale
“Our actions here will ensure that ECR can maintain all scheduled exploration and drilling activities for the foreseeable future.”
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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“Our actions here will ensure that ECR can maintain all scheduled exploration and drilling activities for the foreseeable future.”
The company's Bailieston project contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black Cat
CEO Andrew Haythorpe will discuss the potential disposal of some of the company’s non-core assets
The mineral exploration and development company said it is excited about its near-term and future prospects
“This exceptional result today and the continuity of grade between Zone 2 and Zone 3 could well indicate a significant find,” said chairman David Tang
Jones has more than 12 years’ experience as a professional geologist in Australia
Drillhole BH3DD022 intercepted the Maori Reef at a depth of 49.5 metres, which included 0.5 metres at 12.74 grammes a tonne gold
ECR said it believes the political climate for the minerals industry in the Philippines is improving
The grade was 52.5 g/t gold from a depth of 126.3m depth
ECR has an extensive gold exploration portfolio in Australia
“Despite the loss of Craig, we are hugely optimistic about the future and what we will achieve in the current year,“
In a wide-ranging announcement, chairman David Tang said the company had a shortlist of three for the vacant role of chief executive
“I am delighted to report that our team of geologists headed by Adam Jones are reporting some very encouraging gold grades at hole BH3DD019,” said ECR chairman David Tang.
Anomalous gold results were noted in the final remaining samples
Historical stream sediment sampling indicates that the Lolworth Range is prospective for gold, tungsten and tin
ECR has an extensive gold exploration portfolio in Australia
Six of 160 samples returned gold values above 0.1 g/t gold
"Our understanding of the Maori Anticline, along with the extent and types of mineralisation, has grown exponentially"
The two new tenements will increase ECR's gold exploration area to 523 km2 in Victoria
Cordillera Tiger has an exploration license for the Danglay gold project in the Philippines