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ECR Minerals provides more details on Blue Moon discoveries

The company has published a diagram of the recently announced discoveries in the Victoria region of Australia

Mining rig
The company has received expressions of interest in the new targets, particularly enquiries from a technical perspective

ECR Minerals PLC (LON:ECR) has provided a further update on the Blue Moon gold project in Victoria Region, Australia.

On September 3, the company announced the identification of a significant gold target at the Blue Moon prospect and the addition of two new gold targets in the same area as Blue Moon, now named Yellow Moon and Red Moon.

READ: ECR Minerals confirms potential for “significant gold discovery” at Blue Moon; discovers two new targets

Two days later, it published a diagrammatic image of the three target areas that shows that the area is principally flat and alluvial cover.

Anomalous arsenic results were returned from pXRF soil geochemistry conducted on the slopes and over small hills, the image demonstrates.

The image also shows the location of the Bailieston Anticline to the east of Yellow Moon and as shown on government mapping, plus a newly identified anticline, named the New Moon Anticline. The anticline is a double fold to the west of Red Moon, ECR said.

“The publication of this image provides further important technical information to the market about the project and its potential,” said Craig Brown, the chief executive officer of ECR Minerals.

“The team are working proactively to advance our entire Victoria region interests, with a particular interest at Blue Moon given the findings to date,” he added.

ECR shares surged to 0.94p on Monday’s announcement from 0.835p at Friday’s close but have subsequently ebbed to 0.85p.

Quick facts: ECR Minerals PLC

Price: 0.7 GBX

Market: AIM
Market Cap: £3.38 m

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