ECR Minerals (LON:ECR) will focus in the near-term on its gold tailings dumps prospects in Australia, said chief executive Stephen Clayson.
In an update, he said draft estimates for the resource at the four dumps had been complied though there had been some delays with an auger sample undertaken in April.
Completion of the study is now targeted for July.
Applications have also been lodged for two new licences, one at Avoca and another at Baileston, also in Australia.
“ECR’s primary current objective is to demonstrate the viability of reprocessing historical waste dumps at the Avoca project to produce gold and we are pleased to have taken steps to secure additional waste dumps nearby, by means of the new EL application referred to above.” Clayson said.
He added it is assessing options for the Danglay [Philippines] and SLM [Argentina] gold projects.
At Danglay, the Mines & Geosciences Bureau (MGB) last week invited Cordillera Tiger to sign the renewed Exploration Permit. ECR expects the final renewed permit to be issued “in due course”, at which point it will unveil its intentions for further exploration said Shore Capital.
A rotary air blast (RAB) percussion drilling programme, meanwhile, will commence at Bailieston during the second half of June 2016 to test targets in the Byron and Black Cat areas.
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