ECR Minerals PLC (LON:ECR) has wrapped up a drill programme on the Monte Christo gold prospect in Central Victoria, Australia.
Two holes were drilled into quartz reefs that were historically mined at surface. The idea was to test the structural architecture of the prospect.
Read: ECR Minerals brings regional expert aboard as drilling programme begins
The drilling at Monte Christo is part of a larger diamond drilling programme across a number of gold prospects in Central Victoria, and drilling has now commenced at the Blue Moon gold-antimony prospect.
The drilling at Blue Moon will test arsenic and antimony anomalies identified by the soil geochemical survey completed earlier. That survey used a portable XRF to delineate proxy minerals associated with gold.
An arsenic-anomalous zone up to 40m wide and more than 200 metres long has been identified and previous work has shown anomalism over a further 150 metres to the west.
Previous rock chip samples include results of 12.1 grams per tonne, 10.1 grams and 7 grams.
ECR believes it is possible that the gold is disseminated and therefore would have been difficult to extract for the historical miners. However, disseminated gold deposits are of intrinsic interest to the modern-day mining industry.