New Licence Applications – Australian Gold Portfolio
ECR Minerals plc
4 December 2018
ECR MINERALS plc
(“ECR Mineralsâ€, “ECR†or the “Companyâ€)
New Licence Applications – Australian Gold Portfolio
ECR Minerals plc (LON:ECR) the precious metals exploration and development company is pleased to announce the Company has submitted new licence applications to augment its existing gold exploration interests in the Victoria region of Australia.
Highlights:
Craig Brown, Chief Executive Officer of ECR Minerals plc commented: “I am delighted to announce today that the Company has successfully submitted four new applications which materially bolster our strategic ground holding and provide significant additional exploration opportunities for our Australian operations.
The recent application submitted by Newmont Exploration Pty Limited over a large area bordering our Bailieston and Moormbool gold projects is an important ratification of our strategic Australian gold positioning. The presence of Newmont adds weight to the potential prospectivity of the area.
ECR’s exploration work at Bailieston has recently demonstrated gold prospectivity as highlighted by the results of our Bailieston sampling programme announced on 28 September 2018 with gold grades up to 67.4g/t.
At Creswick and as announced on 25 September 2018 our exploration mapping revealed a large gold system, and reflecting our wider exploration work to date, we have taken the opportunity to secure more strategic ground south of our existing Creswick project area.
ECR continues to examine new opportunities and will move to secure additional ground where appropriate.â€
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc | Tel: +44 (0)20 7929 1010 | |
David Tang, Non-Executive Chairman | ||
Craig Brown, Director & CEO | ||
Email:
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Website: www.ecrminerals.com | ||
WH Ireland Ltd | Tel: +44 (0)161 832 2174 | |
Nominated Adviser | ||
Katy Mitchell/James Sinclair-Ford | ||
SI Capital Ltd | Tel: +44 (0)1483 413500 | |
Broker | ||
Nick Emerson |
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.
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