viewECR Minerals PLC

ECR Minerals classifies Blue Moon in Victoria as a discovery

Gold mineralisation intensifies further west and ECR now has a clear action plan to follow the system

Blue Moon is one of a number of prospects at Bailieston

ECR Minerals PLC (LON:ECR) shares rose on Wednesday following news it has classified its Blue Moon prospect in Victoria, Australia as a gold discovery after the final assays from latest drilling indicated more good grades.

Craig Brown, chief executive, said the drilling results show that gold mineralisation intensifies further west and have given ECR a clear action plan to follow the system.

"We are excited by the findings and will continue our work at Blue Moon and other prospects in the Bailieston project area, with our strategic objective remaining a multi-million ounce gold discovery.”

The junior had already reported some bumper numbers from Blue Moon.

Best of the grades in the programme was a 17.87 grammes per tonne (g/t) per sample albeit over a narrow width, with a number of others over 1 g/t.

Blue Moon lies within the Bailieston gold project (EL5433), which is 100%-owned by ECR’s wholly owned Australian subsidiary Mercator Gold Australia.

In afternoon trading, shares in ECR Minerals were 3.7% higher at 0.70p.

 -- Adds share price --


Quick facts: ECR Minerals PLC

Price: 0.773 GBX

Market: AIM
Market Cap: £3.49 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of ECR Minerals PLC named herein, including the promotion by the Company of ECR Minerals PLC in any Content on the Site, the Company receives from...



Mining Capital's Alastair Ford charts continued strength in gold price

Mining Capital's Alastair Ford addresses suggestions gold could be heading towards a new high of $2000/oz. ''I think that's quite an ambitious target to be setting at this point ... the next breakout number $1525/oz and thereafter the chartists will look for something like $1560/oz''. ''If...

on 16/8/19

2 min read