ECR Minerals bounces after initial results from Creswick sample testing demonstrate “increased gold”
Craig Brown, ECR's CEO, said the results were "positive" and that further announcements from the testing were expected "in the near future"
Company
ECR Minerals PLC
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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ECR Minerals boosted by high grades in rock chip samples from the Timor gold project
The area was previously mined and remains highly prospective
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ECR Minerals starts rock chip sampling programme at Timor gold project
Bosses also highlighted the recent discovery of 2.2kg gold nugget found nearby that has an estimated value of US$200,000
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ECR Minerals encouraged by "exciting developments" at its projects this year
In May, ECR announced a tax update confirming an Australian research & development cash refund of A$318,972 (roughly £175,188) and an anticipated further claim to be made of about £198,000
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ECR Minerals begins exploration work at third Victorian site
ECR's Timor site contains areas of high-grade gold deposits that were not developed fully at depth due to the limitations of mining technology in the past
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ECR Minerals appoints expert consultant Keith Whitehouse to help with resource modelling and exploration in Victoria
Mr Whitehouse will be helping assess the Creswick project in particular
ECR Minerals gets 'aggressive' with plans to advance Creswick gold project
Aussie explorer's technical team is “examining ways to further expedite bag testing and ground exploration”
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