leadf
logo-loader
viewECR Minerals PLC

ECR Minerals counts down to start of HR3 drill programme

Drilling will start as soon as the newly received rig is ready for operations

ECR Minerals PLC - ECR Minerals counts down to start of HR3 drill programme

ECR Minerals PLC (LON:ECR) said its subsidiary Mercator Gold Australia (MGA) has taken delivery of a new drill rig and is preparing to start a programme on the HR3 prospect, in the Bailieston project area.

The company noted that all necessary permissions are in place for drilling at the HR3 prospect. HR3 comprises at least four closely-spaced lines of reef, including the Byron, Dan Genders, Scoulars and Maori Reefs, ECR noted.

READ: ECR applies for two new exploration licences

“With the arrival of the ECR owned drill rig in Victoria we are now in a position to accelerate our exploration work and significantly, drilling of key targets,” said Craig Brown, ECR chief executive in a statement.

“I look forward to providing further information from Victoria in the near term as our operational activities continue," he added.

Drilling will start as soon as the new rig is ready for operations.

At the same time, the company noted that soil geochemistry and geological mapping is now complete for the Cherry Tree prospect, another part of the Baillieston project area.

Quick facts: ECR Minerals PLC

Price: 1.8 GBX

AIM:ECR
Market: AIM
Market Cap: £11.54 m
Follow

Add related topics to MyProactive

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

NO INVESTMENT ADVICE

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...

FOR OUR FULL DISCLAIMER CLICK HERE

ECR Minerals' Craig Brown updates on new licence applications in Victoria

ECR Minerals PLC's (LON:ECR) Craig Brown speaks to Proactive's Andrew Scott soon after announcing they've applied for two new exploration licences in eastern Victoria, Australia. The licences, which are contiguous, will comprise the Tambo gold project. The areas cover portions of the Swifts...

on 25/9/20

2 min read