ECR Minerals PLC (LON:ECR) has detailed its exploration plans for its assets in Victoria, Australia.
The company said its objective is to deliver a high-quality, low-cost exploration programme to test extensions to known mineralisation and generate new targets for more comprehensive future programmes.
Craig Brown, ECR chief executive, in a statement, said: “We observe a continuing resurgence of exploration activity in Victoria, one of the world’s most prolific gold producing regions, and ECR is pleased to be playing a part in this.
“We intend to continue our prudent approach to exploration expenditure working to maximise the value of ECR’s current projects whilst continually reviewing new projects and opportunities.”
READ: ECR Minerals' Tang appointment affirms Chinese investment aims as it ramps up activity down under
It has four project areas in Victoria - Avoca, Baillieston, Timor and Moormbool – and they are all wholly owned.
At Avoca, the plan is to carry out 250 metres of reverse circulation drilling in an area referred to as the Monte Cristo prospect and it will also conduct trenching work at the separate Excelsior prospect.
The company is also seeking approval for other programmes at Avoca, such as the Pyrenees Reef, Excelsior, Monte Christo and Bung Bong.
At Bailieston, which is host to historic underground mining, the company plans 500 metres of diamond drilling, following up a prior reverse circulation programme. It also plans trenching and/or sampling of the Black Cat prospect.
Meanwhile, at Moormbool, which is deemed to be a ‘wildcat’ exploration area (i.e. it is untested), the company intends to analyse public domain geophysical data and conduct soil sampling.
Similarly, at Timor, the planned work comprises analysis of public domain geophysical data, literature review, geological mapping and a programme of 600 soil samples. This work will be designed to enable drill target selection for future campaigns.