Proactive Investors - Run By Investors For Investors

Second batch of rock chip samples confirm gold mineralisation at ECR Minerals' Bailieston project

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
gold ore
ECR is waiting on rock chip sample results from its Creswick project

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.

View full ECR profile View Profile

ECR Minerals PLC Timeline

Related Articles

A gold key
February 14 2019
Construction started in August, and the surface tailings company met its targeted start of commissioning, CEO Daniel Pretorius said on a conference call
March 25 2019
Recent production numbers from Pan African's operations give plenty of grounds for encouragement
March 14 2019
Caledonia is taking a short-term hit, but there are grounds for cautious optimism longer-term

© Proactive Investors 2019

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