Proactive Investors - Run By Investors For Investors

ECR Minerals moves into Western Australia

The explorer has submitted exploration licence applications which will see it look for gold across 1,600 sq km of land in the Yilgarn region of Western Australia
ECR likened the Windidda project to Greatland Gold’s nearby Ernest Giles project

ECR Minerals PLC (LON:ECR) shares rose on Wednesday after the explorer said it has submitted nine new exploration licence applications covering 1,600 square kilometres of potentially gold-rich land in the Yilgarn region of Western Australia.

Collectively, the licences will be called the Windidda gold project and will, when granted, complement ECR’s existing gold exploration portfolio in Victoria, Australia.

READ: ECR Minerals eyes substantial prize in Victoria gold belt

The AIM company reckons Windidda has “significant potential” to contain Archaean greenstones, which host many of the world’s most prolific gold deposits.

“I am particularly pleased to announce this strategic move into Western Australia, which, like Victoria, has exceptional gold exploration potential in a first world operating environment,” said chief executive Craig Brown.

“Greenstone-hosted gold trends in the Western Australian Yilgarn province are very tightly held and access to free ground, when it becomes available, is highly competitive.

“So it is very encouraging that ECR has managed to compile a large land position of contiguous tenements covering untested gravity-magnetic anomalies representative of potential greenstone-hosted gold trends.”

Brown added that weaker market conditions have thrown up some opportunities, which his company has been able to take advantage of, especially with the recent financial backing it has received from investors.

In late afternoon trading, shares in ECR Minerals were 7.1% higher at 0.75p.

 -- Adds share price and re-stated acreage --

View full ECR profile View Profile

ECR Minerals PLC Timeline

Related Articles

gold mine
September 07 2018
The company says it is on track to hit production targets for 2018 of 27,000 ounces of gold and 1.7mln ounces of silver
Yukon gold rush stamp
December 21 2018
KGC is seeking out the sources of the gold rush that made the Yukon's Klondike region famous
Thor Explorations' Segilola high grade pit offers strong return on investment
June 12 2018
The 100% owned project sits on a 27 sq km exploration licence containing a 17 sq km mining licence

© 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