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ECR Minerals completes first four drill holes at Creswick gold project in Victoria

Sitting within Creswick are the Dimocks Main Shale targets which sit between two large gold producing areas in Victoria, where it is estimated historically 15mln ounces of gold have been produced

creswick gold project
ECR Minerals owns 100% of the Creswick project

ECR Minerals PLC (LON:ECR) has kicked off drilling at its Creswick gold project in Victoria, Australia.

The precious metals explorer said the first four holes of the drill programme have been completed.

WATCH: Pictures from the latest round of drilling at Creswick

At the end of September, AIM-quoted ECR announced it had found a large gold system in the Dimocks Main Shale (DMS) exploration targets, which is part of the wider Creswick project.

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

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

The DMS is 25 metres wide and runs for over seven kilometres through ECR’s tenements for an estimated 15km in total, including adjacent tenements.

ECR shares were down 3.3% to 0.75p early on Friday afternoon.

Quick facts: ECR Minerals PLC

Price: 0.6 GBX

Market: AIM
Market Cap: £2.71 m

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