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.