Proactive Investors - Run By Investors For Investors

ECR Minerals says recent drilling programme at the Black Cat gold prospect encountered some encouraging grades

Craig Brown, ECR’s chief executive officer commented: “This was a valuable reconnaissance programme at a gold prospect which had never been drilled before"
Gold miner
He added: “Most of the locations had some historical gold mining activity, and all of them had positive previous rock chip sampling results”

ECR Minerals PLC (LON:ECR) said the drilling programme recently completed at the Black Cat gold prospect, within the Bailieston gold project area in the state of Victoria, Australia encountered some encouraging grades and provided important geological insights.

The AIM-listed precious metals exploration and development company noted that the reconnaissance rotary air blast (RAB) drilling programme targeted numerous quartz reefs at Black Cat with a total of 18 shallow holes for 485 metres of drilling.

READ: ECR Minerals kicks off next phase of evaluation at Windidda

It said significant intersections were reported including 7 metres at 1.76 grammes per tonne (g/t) of gold from 35 metres; 3 metres at 4.26 g/t gold from 16 metres; and 1 metre at 6.3 g/t gold from 18 metres.

The group pointed out that the potential for supergene enriched mineralisation at the water table interface and for deeper primary mineralisation could be investigated by drilling deeper holes.

Craig Brown, ECR’s chief executive officer commented: “This was a valuable reconnaissance programme at a gold prospect which had never been drilled before, located immediately south of ground recently applied for by a subsidiary of Newmont Mining.

He added: “Most of the locations had some historical gold mining activity, and all of them had positive previous rock chip sampling results.”

“As well as some encouraging grades, the drilling has provided important geological information which may help vector further exploration in the project area towards achievement of ECR’s prime strategic objective, which is the discovery of a multi-million ounce gold deposit,” Brown concluded.

ECR’s wholly-owned Australian subsidiary Mercator Gold Australia Pty Ltd (MGA) has 100% ownership of the Bailieston project.

The Black Cat prospect is located immediately south of ground recently applied for by Newmont Mining, and is among the high priority targets identified by the geophysical interpretation and targeting study completed for MGA in late 2017.

View full ECR profile View Profile

ECR Minerals PLC Timeline

Related Articles

Gold piggy bank
November 19 2018
The Vancouver-based group recently completed the first three diamond drill holes of the 2018 programme at its Gold Drop property near Greenwood, British Columbia
1552479702_Greatland-landholding-map.jpg
March 13 2019
The ongoing staking rush in Paterson is now beginning to bear fruit, for Newcrest and others
gold
Thu
The company is currently exploring and developing one million ounce Salinbas Gold Project in north-eastern Turkey

© 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