leadf
logo-loader
viewECR Minerals PLC
(
AIM:ECRFRA:IZGH
)

ECR Minerals announces significant development at Victoria Goldfields

A drilling programme has found elevated gold grades

ECR Minerals PLC - ECR Minerals announces significant development at Victoria Goldfields

ECR Minerals PLC (LON:ECR) has announced “a highly significant development” following the drilling programmes currently underway in the Victoria Goldfields, in Australia.

Logging of three diamond holes at the Maori and Dan Genders Reef at the HR3 prospect has confirmed a steep south-plunging anticline to exist sub-parallel to the Maori Reef line which hosts quartz-arsenopyrite mineralisation and elevated gold grades.

READ: ECR Minerals says discussions ongoing over Creswick project

The data and presence of gold in the core samples confirm the south plunging anticline runs close to the historically mined portions of the Maori Reef, the explorer said.

ECR Minerals has 100% ownership of Bailieston Project, which is operated under its subsidiary Mercator Gold Australia.

“ECR Minerals has the advantage of owning its own diamond drilling rig and, with a centralised operational hub at Bendigo, we have been able to swiftly and efficiently interpret the core samples and secure valuable data from the programmes,” said chief executive Craig Brown in a release.

“The additional drilling planned for the northern end of the zone will help us further understand the size and shape of the structure in order that we can determine next exploration steps.”

Quick facts: ECR Minerals PLC

Follow
AIM:ECR

Price: 1.75 GBX

Market Cap: £17.25 m

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

FOR OUR FULL DISCLAIMER CLICK HERE

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...

1 week, 2 days ago

2 min read