Proactive Investors - Run By Investors For Investors

ECR Minerals identifies large gold system at Creswick

The gold system could be the ultimate geological source of 15mln ounces of gold production
gold bar
ECR is building a highly attractive gold portfolio in Australia

ECR Minerals PLC (LON:ECR) has identified a large gold system in the Dimmocks Main Shale (DMS) exploration targets, part of the wider Creswick project.

The Dimmocks Main Shale targets sit between two large gold producing areas in Victoria, Australia, where it is estimated historically 15 million ounces of gold has been produced.

READ: ECR Minerals surges as it secures finance to expedite development programme at Blue Moon

The company’s technical team is hypothesising that they have identified the hard rock source for a significant portion of the aforementioned 15 million ounces of gold production.

ECR Minerals holds a 100% interest in the Creswick project.

The DMS is 25 metres wide and runs for over seven kilometres through ECR’s tenements and is estimated to be 15 kilometres in total length, including adjacent tenements, and is open at depth.

ECR Minerals will now drill test the DMS to establish the gold endowment. Rock chip sampling is already underway.

“We are excited by this discovery of a potentially large gold system at Creswick which has been identified by our technical team, led by Dr Rodney Boucher, and is the outcome of many years of detailed study,” said chief executive Craig Brown.

“We are very grateful for the professionalism, experience and commitment that has been applied to reach this point.”

 

View full ECR profile View Profile

ECR Minerals PLC Timeline

Related Articles

1542274067_Telson---Antonio-Berlanga.jpg
November 15 2018
Telson's Mexican mines are set to deliver significant growth
1542818749_minera-alamos-santana.jpg
November 21 2018
On Wednesday, the group reached a permit milestone at its La Fortuna gold project in Durango state
gold
March 14 2018
Orosur Mining is making great strides in its Colombian exploration programme

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use