Proactive Investors - Run By Investors For Investors

ECR Minerals starts drilling Black Cat target at Bailieston gold project in Victoria

Samples from the first two drill holes are to be sent off for analysis shortly, and the results are expected back before the end of March
drilling at black cat target
The Black Cat target has not been previously drilled

ECR Minerals PLC (LON:ECR) has started drilling at the Black Cat target within the Bailieston gold project area in the state of Victoria, Australia.

The precious metals explorer has completed the first two holes of the drill programme and is in the process of sending off a set of four-metre-long samples for analysis. ECR expects to have those results back in two to six weeks.

On receipt of the original assays, those which have returned anomalous gold grades will be re-sampled on a metre by metre basis and this second set of samples will be sent for assay.

LOOK: Pictures from Black Cat drill programme

Black Cat, which has not been previously drilled, is among the high priority targets identified by the geophysical interpretation and targeting study completed by Terra Resources in late 2017.

“The Bailieston project is at the epicentre of the current gold exploration boom in Victoria, being located close to the successful Fosterville mine owned by Kirkland Lake Gold,” said ECR chief executive Craig Brown last week.

“This point is underlined by the arrival of Newmont Exploration in the district with an application for ground immediately to the north of the Black Cat prospect.”

Last week, ECR confirmed it had completed the first four holes of the drill programme at its Creswick gold project.

Once finished there, the drill rig will move over to the Blue Moon gold prospect in the Bailieston project area.

View full ECR profile View Profile

ECR Minerals PLC Timeline

Related Articles

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
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
October 23 2018
The decision notice allows Scotgold to proceed with the long-awaited redevelopment of Cononish

© 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