ECR Minerals PLC (AIM:ECR) said its subsidiary Mercator Gold Australia has engaged a drilling contractor for the Creswick gold project in central Victoria.
Work will focus on two prospect locations known as Kuboid Hill and Davey Road, with both having shown evidence of gold from previous soil analysis and rock chip sampling.
Drilling is anticipated to begin “very shortly,” ECR added, with the firm awaiting permission from relevant authorities after having submitted all necessary permits.
This should see operations begin by the end of this calendar year, before assay results then come back midway through the first quarter of next year.
Approximately 1,200 metres of reverse circulation drilling will be undertaken at between 10 and 12 locations at Creswick under the plan, ECR said.