ECR Minerals (LON:ECR) has reported mixed results from its latest drilling at the Itogon gold project in the Philippines.
All diamond drill holes bar one intersected near surface gold mineralisation.
Best intercepts were 4.4m at 2.12 g/t gold, 7.5m at 0.89 g/t gold and 2.9m at 1.55 g/t gold.
Overall, though, the grades were lower than those from the company’s earlier drilling, though so far ECR has only tested the uppermost parts of the epithermal system and not the main feeder structures.
Further assay results are pending, which should be enough for an initial, inferred resource estimate ECR said.
Stephen Clayson, chief executive added: “With the benefit of the results reported today and further trenching results, when these become available, the directors expect to be in a position to proceed with an initial, inferred category resource estimate to serve as a first quantification by ECR of the supergene enriched oxide gold mineralisation which occurs from surface in the main prospect area.
“In aid of this objective, an aerial topographical survey of the main prospect area was completed earlier this month.”