ECR Minerals (LON:ECR) is considering its options for the Maestro Agüero prospect, part of the SLM project in Argentina, after it received bulk sampling results.
The programme consisted of 19 channel samples taken across quartz vein and stockwork zones before going to the lab, the firm said.
Head grades ranged from 3.78 g/t gold to 0.13 g/t gold over apparent widths of between 0.7 metres and 9.3 metres.
Cyanide leach recoveries of between 72.09% and 92.50% were achieved
Stephen Clayson, CEO, said: "The bulk sampling results reported today indicate that gold mineralisation at Maestro Agüero is present across potentially mineable surface widths, albeit at lower grades than had been hoped.
"However, the cyanide recoveries are generally high, and the deposit strikes along the centre of a low ridge, presenting a favourable topographic situation for open pit mining of near surface material.
“The directors are now considering the company’s strategic options for Maestro Agüero and the SLM project as a whole, and for the time being exploration at the project will pause.”
ECR’s primary focus remains the Itogon gold project in the Philippines. The Company has recently reported encouraging trenching results from Itogon, and is working towards an initial resource estimate for the project and an accompanying NI43-101 compliant technical report, both of which are expected to be available in September 2015.”