Results from a second batch of rock chip samples have confirmed gold mineralisation at ECR Minerals PLC’s (LON:ECR) Bailieston project in Australia.
From a further 75 samples collected, 29 contained gold with grades ranging from 0.56 grams per tonne (g/t) gold (Au) to 22.9 g/t Au. Twelve of the higher-grade samples were re-tested, returning similar results.
READ: ECR pleased with Bailieston sample grades
One sample which wasn’t included in the results contained a speck of visible gold, ECR said.
“I am pleased to report the second batch of sampling data which, as with the first batch, has produced high grade gold in rock chip samples including samples taken from the Cherry Tree reefs,” said chief executive Craig Brown.
“The company’s technical team are incorporating the findings into our project database and we are working on the next stage exploration programme to further examine the extent of gold mineralisation across the areas sampled.”
Brown added that results from rock chip sampling at the Creswick project are due to be released “in the near term”.
Shares rose 4.8% to 0.84p on Thursday morning.