ECR Minerals PLC (AIM:ECR) said it has hit quartz-bearing veins during exploration at its Lolworth Project, N Queensland, Australia.
Results from mapping a quartz veinlet system within the upper creek drainage of Flaggy Creek have shown the system to be gold-bearing, it added, with multiple narrow veins outcropping over a length of 70 metres (m) long and within a zone up to 100m wide.
Rock chip results from the outcrop included grades of 6.05 grammes per tonne (g/t), 5.96 g/t, 4.66 g/t and 3.97 g/t.
Adam Jones, ECR technical director, commented: "The veinlet gold system we have now identified at Flaggy Creek has come about through our systematic approach to the groundwork.
“The geology field team have seen for themselves how the initial sampling work and mapping has through a process of elimination arrived at an outcrop that has delivered some encouraging grades within a concentrated area.
“We are confident that we have potentially identified a style of gold-bearing vein system that we can expect to find throughout the region, and furthermore, we have identified other gold-bearing creeks from our stream sampling programme that are in close proximity to and show very similar geological features to the Flaggy Creek area.”