Soil Geochemistry Results from Creswick License...

Soil Geochemistry Results from Creswick License EL006184

ECR Minerals plc

ECR MINERALS plc

(“ECR Minerals”, “ECR” or the “Company”)

Soil Geochemistry Results from Creswick License EL006184

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce updated results from soil sampling and other on-going exploration activities within licence EL006184 at Creswick, Victoria, Australia.

ECR Minerals plc has 100% ownership of the Creswick Project which includes exploration tenements EL006907, EL006713 and EL006184. All licences reside north to north-east of the City of Ballarat, Victoria, Australia. The Company is exploring a number of parallel-gold mineralisation trends that are believed to extend 10km NE from the Nerrina Goldfields at Ballarat.

ECR CEO Andrew Haythorpe commented: “The ECR board is now of the opinion that the geochem results from the Davey Road prospect provides ample evidence that Creswick is host to an extended gold system, and that our decision to plan a drilling campaign and complete permit applications is fully justified. This view is further supported by the samples and anecdotal evidence of drill specks in road gutters from the Blue Gum South prospect in our ‘on the ground’ follow up to the 2021 diamond drill campaign.

As we start to ramp up our activities ahead of the 2023 drilling campaign, I very much look forward to reporting back to you with our full Creswick drill plan, and on our activities across our other assets.”

HIGHLIGHTS

• Final results from soil sampling at the newly identified Creswick Davey Road ‘CDY’ prospect have just been received.
• Results up to 1.59 ppm Au obtained at the Blue Gum South ‘BGS’ prospect.

Figures related to this announcement can be viewed here;

Figure 1: Location map

https://www.ecrminerals.com/images/2023/fig1_Overview_Map_230120.png

Figure 2: Update gold anomaly map for Davey Road Prospect (CDY)

https://www.ecrminerals.com/images/2023/fig2_Davey_Rd_update_230120.png

Figure 3: Gold anomalies identified at Blue Gum South (BGS)

https://www.ecrminerals.com/images/2023/fig3_BGS_230120.png

UPDATED SOIL RESULTS AT DAVEY ROAD

Further results have been received from soil sampling at the recently announced Davey Road Prospect ‘CDY’ (see RNS from December 22 2022 here). Plotting of all the results strongly suggests that gold mineralisation originates from the North end of a line of historical gold workings, with another strong gold anomaly also present at the southern end of the historic workings. The Board believes these two anomalies represent the outcrop of two possible gold shoots.

GOLD ANOMALISM AT BLUE GUM SOUTH PROSPECT

Soil sampling has also been completed over a small grid area 200 metres to the north of some of the best drill intercepts from 2021’s diamond drilling (see Figure 3 above), where hole CSD003 returned 0.95m @ 9.93 g/t Au from 84.2m and 0.95m @ 23.58 g/t Au from 89.05m down hole. This grid lies within the Dimocks Main Shale trend., and the Company has named this prospect Blue Gum South ‘BGS’ after the access tracks to the area. Gold ‘specks’ can also be obtained from the road gutters within the grid. A small anomalous area of gold has been identified on the east side of the grid area with a maximum result of 1.59 ppm Au. Abundant quartz veining is visible across the hillside immediately above the anomalous area. Rock chips of the exposed part of the vein within the track have shown no gold result to date.

Table 1. Top 15 anomalous Soil Samples at Davey Road and Blue Gum South Prospect.

BGS			BGS1540
BGS			BGS1541
CDY			CDY145
CDY			CDY421
CDY			CDY432
CDY			CDY144
CDY			CDY435
CDY			CDY149
BGS			BGS1501
CDY			CDY417
CDY			CDY428
BGS			BGS1531
CDY			CDY413
BGS			BGS1542
CDY			CDY068

CDY (Creswick Davey Road Prospect), BGS (Blue Gum South Prospect)

*Co-ordinates in GDA94 Zone 54

**A complete set of results are set out in the Appendix at the end of this announcement.

NEXT STEPS

The soil exploration methodology utilised on EL006184 has proved effective in identifying blind outcrops of gold mineralisation. The anomalies identified to date will provide the foundations for a drilling program this year. Permits are being currently drafted for submission to the regional government.

Additionally, the field team have been actively sampling and mapping insitu quartz veins from exposed features accessible within historic adits, pits and trenches within EL006184 and the newly granted tenement EL006713 adjoining to the south. Added to this, the Company is also targeting other potential prospects along the strike of the Dimocks Main Shale trend. The aim of this work is to evaluate veining widths where possible and to provide some guidance in regard to possible gold grades from historical workings. This work will also form a key part of the drill programme planning process. Further details of the planning process will be released in due course. .

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc		Tel: [phone]
David Tang, Non-Executive Chairman Andrew Haythorpe, CEO
Email: [e-mail]
Website: www.ecrminerals.com
WH Ireland Ltd		Tel: [phone]
Nominated Adviser Katy Mitchell / Andrew de Andrade
SI Capital Ltd		Tel: [phone]
Broker
Nick Emerson
Novum Securities Limited		Tel: [phone]
Broker Jon Belliss
Brand Communications		Tel: [phone]
Public & Investor Relations
Alan Green

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km² over a relatively unexplored area in Queensland, Australia.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 70% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

**APPENDIX 1: All reportable soil sampling results, CDY and BGS sampling grids

Prospect		SampleID		Co-ordinate		Easting		Northing		Au_ppb
CDY		CDY068		GDA94_Z54		759844.6		5853657		7
CDY		CDY069		GDA94_Z54		759854.1		5853656		5
CDY		CDY070		GDA94_Z54		759864		5853656		3
CDY		CDY071		GDA94_Z54		759873.2		5853654		2
CDY		CDY072		GDA94_Z54		759885.2		5853656		3
CDY		CDY073		GDA94_Z54		759845.2		5853667		2
CDY		CDY074		GDA94_Z54		759855.6		5853665		1
CDY		CDY075		GDA94_Z54		759863.6		5853664		1
CDY		CDY076		GDA94_Z54		759873.7		5853666		1
CDY		CDY077		GDA94_Z54		759884.2		5853664		5
CDY		CDY078		GDA94_Z54		759843.7		5853675		3
CDY		CDY079		GDA94_Z54		759854.8		5853676		1
CDY		CDY080		GDA94_Z54		759864.8		5853676		3
CDY		CDY081		GDA94_Z54		759874.2		5853676		2
CDY		CDY082		GDA94_Z54		759883.3		5853675		1
CDY		CDY083		GDA94_Z54		759842.9		5853686		1
CDY		CDY084		GDA94_Z54		759853		5853686		2
CDY		CDY085		GDA94_Z54		759864.7		5853686		2
CDY		CDY086		GDA94_Z54		759874.2		5853686		3
CDY		CDY087		GDA94_Z54		759883.9		5853684		1
CDY		CDY088		GDA94_Z54		759845.2		5853696		1
CDY		CDY089		GDA94_Z54		759853.6		5853695		2
CDY		CDY090		GDA94_Z54		759864.3		5853696		4
CDY		CDY091		GDA94_Z54		759873.3		5853695		1
CDY		CDY092		GDA94_Z54		759884.1		5853696		1
CDY		CDY093		GDA94_Z54		759843.8		5853705		1
CDY		CDY094		GDA94_Z54		759853.1		5853706		1
CDY		CDY095		GDA94_Z54		759862.6		5853706		1
CDY		CDY096		GDA94_Z54		759872.8		5853705		1
CDY		CDY097		GDA94_Z54		759884.3		5853704		1
CDY		CDY098		GDA94_Z54		759844.7		5853716		1
CDY		CDY099		GDA94_Z54		759853.9		5853717		1
CDY		CDY100		GDA94_Z54		759862.9		5853716		1
CDY		CDY101		GDA94_Z54		759874.5		5853716		3
CDY		CDY102		GDA94_Z54		759883.5		5853717		1
CDY		CDY103		GDA94_Z54		759843.3		5853725		1
CDY		CDY104		GDA94_Z54		759853.5		5853726		1
CDY		CDY105		GDA94_Z54		759863.1		5853726		1
CDY		CDY106		GDA94_Z54		759873		5853726		1
CDY		CDY107		GDA94_Z54		759882.4		5853727		3
CDY		CDY108		GDA94_Z54		759842.8		5853736		1
CDY		CDY109		GDA94_Z54		759853		5853736		1
CDY		CDY110		GDA94_Z54		759862.1		5853736		5
CDY		CDY111		GDA94_Z54		759873.2		5853736		1
CDY		CDY112		GDA94_Z54		759882.3		5853735		1
CDY		CDY113		GDA94_Z54		759842.8		5853746		1
CDY		CDY114		GDA94_Z54		759852.2		5853746		1
CDY		CDY115		GDA94_Z54		759862.5		5853746		1
CDY		CDY116		GDA94_Z54		759872.1		5853746		2
CDY		CDY117		GDA94_Z54		759883.1		5853744		1
CDY		CDY118		GDA94_Z54		759842.7		5853756		1
CDY		CDY119		GDA94_Z54		759853.3		5853757		1
CDY		CDY120		GDA94_Z54		759861.9		5853756		2
CDY		CDY121		GDA94_Z54		759871.7		5853755		4
CDY		CDY122		GDA94_Z54		759880.5		5853754		1
CDY		CDY123		GDA94_Z54		759841.6		5853765		6
CDY		CDY124		GDA94_Z54		759851.9		5853767		1
CDY		CDY125		GDA94_Z54		759861.7		5853767		3
CDY		CDY126		GDA94_Z54		759874		5853765		6
CDY		CDY127		GDA94_Z54		759881		5853766		1
CDY		CDY128		GDA94_Z54		759842.1		5853775		1
CDY		CDY129		GDA94_Z54		759852.4		5853777		2
CDY		CDY130		GDA94_Z54		759861.9		5853775		4
CDY		CDY131		GDA94_Z54		759872		5853775		2
CDY		CDY132		GDA94_Z54		759881.6		5853776		1
CDY		CDY133		GDA94_Z54		759842.6		5853786		2
CDY		CDY134		GDA94_Z54		759853.3		5853786		5
CDY		CDY135		GDA94_Z54		759860.9		5853787		5
CDY		CDY136		GDA94_Z54		759871.4		5853784		3
CDY		CDY137		GDA94_Z54		759882.6		5853786		1
CDY		CDY138		GDA94_Z54		759842.6		5853795		1
CDY		CDY139		GDA94_Z54		759851.4		5853795		6
CDY		CDY140		GDA94_Z54		759861.1		5853796		5
CDY		CDY141		GDA94_Z54		759871.9		5853796		2
CDY		CDY142		GDA94_Z54		759881.8		5853796		1
CDY		CDY143		GDA94_Z54		759841.1		5853806		4
CDY		CDY144		GDA94_Z54		759852.3		5853806		28
CDY		CDY145		GDA94_Z54		759861.4		5853807		37
CDY		CDY146		GDA94_Z54		759871.4		5853804		1
CDY		CDY147		GDA94_Z54		759883.5		5853806		1
CDY		CDY148		GDA94_Z54		759840.3		5853816		3
CDY		CDY149		GDA94_Z54		759850.1		5853815		19
CDY		CDY150		GDA94_Z54		759862.4		5853816		4
CDY		CDY151		GDA94_Z54		759870.8		5853817		1
CDY		CDY152		GDA94_Z54		759880.4		5853814		1
CDY		CDY402		GDA94_Z54		759871.1		5853409		4
CDY		CDY403		GDA94_Z54		759883.6		5853408		6
CDY		CDY404		GDA94_Z54		759893.2		5853409		3
CDY		CDY405		GDA94_Z54		759900.3		5853407		1
CDY		CDY406		GDA94_Z54		759907.7		5853405		1
CDY		CDY407		GDA94_Z54		759853.9		5853417		2
CDY		CDY408		GDA94_Z54		759863.9		5853417		4
CDY		CDY409		GDA94_Z54		759872.7		5853416		2
CDY		CDY410		GDA94_Z54		759883.2		5853416		7
CDY		CDY411		GDA94_Z54		759851.4		5853447		1
CDY		CDY412		GDA94_Z54		759904.7		5853451		1
CDY		CDY413		GDA94_Z54		759884.3		5853365		8
CDY		CDY414		GDA94_Z54		759852.1		5853476		3
CDY		CDY415		GDA94_Z54		759863		5853476		7
CDY		CDY416		GDA94_Z54		759871.7		5853479		3
CDY		CDY417		GDA94_Z54		759881.7		5853478		12
CDY		CDY418		GDA94_Z54		759891.7		5853477		2
CDY		CDY419		GDA94_Z54		759901.3		5853478		4
CDY		CDY420		GDA94_Z54		759910.5		5853477		1
CDY		CDY421		GDA94_Z54		759877.3		5853374		32
CDY		CDY422		GDA94_Z54		759850.6		5853378		2
CDY		CDY423		GDA94_Z54		759834.6		5853384		1
CDY		CDY424		GDA94_Z54		759823.7		5853381		1
CDY		CDY425		GDA94_Z54		759816.3		5853382		1
CDY		CDY426		GDA94_Z54		759902.4		5853390		1
CDY		CDY427		GDA94_Z54		759891.9		5853392		4
CDY		CDY428		GDA94_Z54		759878.6		5853392		9
CDY		CDY429		GDA94_Z54		759873.9		5853392		3
CDY		CDY430		GDA94_Z54		759861.6		5853392		1
CDY		CDY431		GDA94_Z54		759851.7		5853392		3
CDY		CDY432		GDA94_Z54		759841.5		5853392		31
CDY		CDY433		GDA94_Z54		759824.4		5853394		1
CDY		CDY434		GDA94_Z54		759868.2		5853500		1
CDY		CDY435		GDA94_Z54		759876		5853499		20
CDY		CDY436		GDA94_Z54		759887.1		5853497		2
CDY		CDY437		GDA94_Z54		759895.4		5853496		1
CDY		CDY438		GDA94_Z54		759903.7		5853497		1
CDY		CDY439		GDA94_Z54		759911.5		5853496		1
CDY		CDY440		GDA94_Z54		759919.2		5853499		1
BGS		BGS1478		GDA94_Z54		759272.4		5853872		3
BGS		BGS1479		GDA94_Z54		759282.3		5853873		1
BGS		BGS1480		GDA94_Z54		759291.9		5853875		1
BGS		BGS1481		GDA94_Z54		759299.7		5853875		1
BGS		BGS1482		GDA94_Z54		759312.2		5853879		1
BGS		BGS1483		GDA94_Z54		759321.8		5853877		1
BGS		BGS1484		GDA94_Z54		759333.5		5853878		1
BGS		BGS1485		GDA94_Z54		759345.4		5853876		1
BGS		BGS1486		GDA94_Z54		759350.9		5853879		1
BGS		BGS1487		GDA94_Z54		759362.2		5853876		1
BGS		BGS1488		GDA94_Z54		759372		5853878		1
BGS		BGS1489		GDA94_Z54		759381.1		5853877		1
BGS		BGS1490		GDA94_Z54		759270.4		5853881		1
BGS		BGS1491		GDA94_Z54		759282.1		5853884		1
BGS		BGS1492		GDA94_Z54		759291.7		5853886		1
BGS		BGS1493		GDA94_Z54		759302.9		5853884		1
BGS		BGS1494		GDA94_Z54		759312.3		5853885		1
BGS		BGS1495		GDA94_Z54		759321.4		5853886		1
BGS		BGS1496		GDA94_Z54		759331.6		5853887		1
BGS		BGS1497		GDA94_Z54		759341.3		5853887		1
BGS		BGS1498		GDA94_Z54		759351.1		5853888		1
BGS		BGS1499		GDA94_Z54		759360.5		5853886		1
BGS		BGS1500		GDA94_Z54		759373		5853889		1
BGS		BGS1501		GDA94_Z54		759383.2		5853889		15
BGS		BGS1502		GDA94_Z54		759269.8		5853892		1
BGS		BGS1503		GDA94_Z54		759280.8		5853895		1
BGS		BGS1504		GDA94_Z54		759289.8		5853895		1
BGS		BGS1505		GDA94_Z54		759298.5		5853894		1
BGS		BGS1506		GDA94_Z54		759310.2		5853894		1
BGS		BGS1507		GDA94_Z54		759321.6		5853895		4
BGS		BGS1508		GDA94_Z54		759333.4		5853897		2
BGS		BGS1509		GDA94_Z54		759340.9		5853896		1
BGS		BGS1510		GDA94_Z54		759349.8		5853896		1
BGS		BGS1511		GDA94_Z54		759361.3		5853895		1
BGS		BGS1512		GDA94_Z54		759370.1		5853895		1
BGS		BGS1513		GDA94_Z54		759381.9		5853896		1
BGS		BGS1514		GDA94_Z54		759270.7		5853902		1
BGS		BGS1515		GDA94_Z54		759280.6		5853903		1
BGS		BGS1516		GDA94_Z54		759289.2		5853906		1
BGS		BGS1517		GDA94_Z54		759297.7		5853905		5
BGS		BGS1518		GDA94_Z54		759310.7		5853906		1
BGS		BGS1519		GDA94_Z54		759316.1		5853905		1
BGS		BGS1520		GDA94_Z54		759330.3		5853904		2
BGS		BGS1521		GDA94_Z54		759341.4		5853905		1
BGS		BGS1522		GDA94_Z54		759350.7		5853905		1
BGS		BGS1523		GDA94_Z54		759360.5		5853904		1
BGS		BGS1524		GDA94_Z54		759369.6		5853906		1
BGS		BGS1525		GDA94_Z54		759378.1		5853904		1
BGS		BGS1526		GDA94_Z54		759269.6		5853911		1
BGS		BGS1527		GDA94_Z54		759278.4		5853911		1
BGS		BGS1528		GDA94_Z54		759288.5		5853913		2
BGS		BGS1529		GDA94_Z54		759298.2		5853913		1
BGS		BGS1530		GDA94_Z54		759309.4		5853912		1
BGS		BGS1531		GDA94_Z54		759324.7		5853917		9
BGS		BGS1532		GDA94_Z54		759329.7		5853914		1
BGS		BGS1533		GDA94_Z54		759338.4		5853914		1
BGS		BGS1534		GDA94_Z54		759348.3		5853913		1
BGS		BGS1535		GDA94_Z54		759354.6		5853913		1
BGS		BGS1536		GDA94_Z54		759277.2		5853927		1
BGS		BGS1537		GDA94_Z54		759294.7		5853926		4
BGS		BGS1538		GDA94_Z54		759307.9		5853929		1
BGS		BGS1539		GDA94_Z54		759319.2		5853923		1
BGS		BGS1540		GDA94_Z54		759330.2		5853924		1590
BGS		BGS1541		GDA94_Z54		759338.6		5853924		66
BGS		BGS1542		GDA94_Z54		759349.4		5853924		8
BGS		BGS1544		GDA94_Z54		759268.3		5853931		2
BGS		BGS1545		GDA94_Z54		759279		5853942		1
BGS		BGS1546		GDA94_Z54		759294.8		5853941		1
BGS		BGS1547		GDA94_Z54		759304.5		5853939		1
BGS		BGS1548		GDA94_Z54		759315.8		5853933		1
BGS		BGS1549		GDA94_Z54		759324.1		5853937		1
BGS		BGS1550		GDA94_Z54		759335.3		5853934		1
BGS		BGS1551		GDA94_Z54		759347.6		5853933		1
BGS		BGSA1535		GDA94_Z54		759268.9		5853920		1

View source version on businesswire.com: https://www.businesswire.com/news/home/20230122005042/en/