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ECR Minerals completes first hole at Ballieston

"We intend to continue drilling across various target areas within ECR license areas in the coming weeks and months.

ECR Minerals PLC -

ECR Minerals PLC (LON:ECR) has completed the first hole using its own equipment at the Bailieston project in Victoria, Australia.

Assay results from the hole, which was drilled to a depth of 300m, are expected in coming weeks with the rig now starting on a second hole at the site.

Craig Brown, chief executive, said: “I am pleased to announce the completion of our first diamond drill hole utilising the company’s in-house drilling equipment, which is a notable event for the Company.

"We intend to continue drilling across various target areas within ECR license areas in the coming weeks and months.

"The presence of a 5.3 metre wide reef (drilled thickness) with visible gold in the first drill hole core is a positive development and we look forward to receipt of assay results from the laboratory as soon as possible.”

The hole intersected the Byron Main Reef at 110m, Brown added.

Quick facts: ECR Minerals PLC

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Price: 1.725 GBX

Market Cap: £17 m

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