viewECR Minerals PLC

ECR Minerals intersects gold with first hole drilled into DMS at Creswick gold project

The Creswick project is considered highly prospective for gold mineralisation hosted within the Dimocks Main Shale

ECR Minerals PLC -

ECR Minerals PLC (LON:ECR) said it intersected gold with the first hole drilled into the Dimocks Main Shale (DMS) at the Creswick gold project in the Victoria Goldfields, Australia.

The first four drill holes at Creswick are now complete, said the London-listed gold exploration and development company.

The drilling programme is designed to establish the position of the DMS and associated structures within the project, and target the main geological structures considered to be gold bearing at Creswick.

“The company has now received assay results from hole CSD001 and I am delighted to confirm we have intersected gold in this, the first drill hole, in our Creswick campaign,” said chief executive Craig Brown.

“This is highly encouraging and particularly significant considering that CSD001 is the first diamond hole into the DMS in the entire tenement.

“With CSD001 we have located the position of the DMS and are building our understanding of the types of folding and faulting within the system which will assist with ongoing drill targeting," he said.

The hole intersected 1 metre at 9.68 grammes a tonne gold.

CSD001 is an orientation hole to establish the position of the DMS. It revealed three parallel reef systems above the DMS that have been folded by small and large parasitic folds.

Drilling on a fifth hole is underway, while the company is awaiting assay results from holes CSD002 – CSD004.

The project is 100%-owned by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd.

Quick facts: ECR Minerals PLC


Price: 1.73 GBX

Market Cap: £17.05 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 named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...


ECR Minerals' Craig Brown talks strategic new land acquisitions in Victoria

ECR Minerals CEO Craig Brown joined Steve Darling from Proactive to share news the company has been busy adding to its portfolio by picking up more land at the Bailieston and Creswick properties in Victoria, Australia. Brown also shares with Proactive an update on the drilling going on at those...

2 weeks, 1 day ago

2 min read