ECR Minerals PLC (AIM:ECR) released upbeat results from the latest hole drilled at the HR3 prospect within its Bailieston gold project in Victoria, Australia.
The results from drillhole BH3DD035 indicated signs of grade continuity with adjacent holes, said the AIM-traded company.
The best intercept from the hole was 0.25 metres (m) at a gold grade of 16.15 grammes a tonne from a depth of 163.25m.
“The assay results from hole BH3DD035 indicate signs of grade continuity in line with those already recorded at holes BH3DD012, BH3DD019 and BH3DD034, and from a technical standpoint provides our team with confidence in the Maori Anticline campaign outcome,” said chief executive Andrew Haythorpe.
ECR said it anticipates that the long-awaited assay results from hole BH3DD032, which targeted vein continuity another 20m below hole BH3DD035, and which are due from the assay laboratories shortly, will further add to its understanding of the size and structure of this target zone.