ECR Minerals PLC (AIM:ECR) has released results from drilling at the Blue Moon gold prospect, part of its Bailieston project in Victoria, Australia.
The western extension to Blue Moon is currently being tested, and two more holes are currently underway in the same area.
Results from another hole that has already been drilled are pending.
Among the best results from the most recent holes were 0.5 metres at 4.09 grams per tonne, and 0.25 metres at 3.57 grams per tonne.
“Despite some logistical problems faced by the drill team in completing the three remaining diamond drill holes, I am pleased that results from the holes for the west strike extension are now in,” said ECR chief executive Andrew Haythorpe in a statement.
“While we intercepted the dyke rock and proved up mineralisation, which is encouraging, the board are particularly keen to see the results and grades from holes BBMDD010 and BBMDD011, when drilling is completed. This drilling follows up the company’s best RC drill intercept at Blue Moon to date," he added.
A total of 1000 metres of diamond drilling was initially planned over four holes at Blue Moon, and was subsequently expanded to seven holes.
Separately, ECR also announced updated results from soil sampling and other on-going exploration activities within licence EL006184 at Creswick, also in Victoria.
The company is exploring a number of parallel-gold mineralisation trends that are believed to extend 10 kilometres north-east from the Nerrina Goldfields at Ballarat.
“The ECR board is now of the opinion that the geochem results from the Davey Road prospect provides ample evidence that Creswick is host to an extended gold system, and that our decision to plan a drilling campaign and complete permit applications is fully justified.
“This view is further supported by the samples and anecdotal evidence of drill specks in road gutters from the Blue Gum South prospect in our ‘on the ground’ follow-up to the 2021 diamond drill campaign," said Haythorpe.
Results of up to 1.59 parts per million gold have been obtained at the Blue Gum South ‘BGS’ prospect.