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ECR Minerals #ECR CEO Craig Brown updates on progress at Share Talk

ECR Minerals plc #ECR CEO Craig Brown updates on progress, provides his view on the Australian Gold exploration sector and discusses the recent sale of the SLM gold project at Share Talk. Link here

ECR Minerals #ECR – Sale of SLM Gold Project

ECR Minerals plc (LON: ECR), the precious metals exploration and development company, is pleased to announce the sale of its wholly owned Argentine subsidiary Ochre Mining SA (“Ochre”), which holds the SLM gold project in La Rioja, Argentina.

HIGHLIGHTS:

  • ECR retains an NSR royalty of up to 2% to a maximum of USD 2.7 million in respect of future production from the SLM gold project;
  • The purchaser, Hanaq Argentina SA (“Hanaq”), is a Chinese-owned company engaged in lithium, base and precious metals exploration in Northwest Argentina including Salta, Jujuy and La Rioja, with a highly experienced management team;
  • The sale allows ECR to focus on its core gold exploration activities in Australia.

Craig Brown, Chief Executive Officer, commented:  

“We are pleased to retain exposure to potential upside from the SLM gold project in the form of a royalty on future production, and we believe that Hanaq has the operational capabilities and access to Chinese investment capital necessary to put the SLM project into production, subject to the usual prerequisites. Moreover, the transaction enables ECR to concentrate its resources on our core gold exploration activities in Australia.”

Further Information

Ochre’s sole asset is the SLM gold project, which comprises seven mining licences in La Rioja, Argentina. Hanaq has purchased 100% ownership of Ochre from ECR. The consideration for the acquisition is the grant to ECR of a 2% net smelter return (NSR) royalty in respect of four of the licences, and a 1% NSR royalty in respect of the other three licences. The NSR is capped at USD 2.7 million in aggregate (across all licences). This is the equivalent of approximately £2.07 million, based on 1.3031 GBP/USD exchange rate (Bloomberg closing rate 04/02/2020).

The directors of the Company understand that the founder and CEO of Hanaq Group, of which Hanaq Argentina SA is part, is Mr Xiaohuan (Juan) Tang, who has a substantive track record in Latin America, including responsibility for the successful permitting of the Pampa de Pongo iron ore project in Peru in his former capacity as General Manager of Jinzhao Mining Peru. Pampa de Pongo is one of the largest iron ore deposits in Latin America. Mr Tang has degrees from Tsinghua University in China, and Imperial College, Cambridge University and Oxford University in the UK.

More information regarding the Hanaq group can be found at the following link:

http://www.hanaqgroup.com/en/index.html

Commencement of production at the SLM project under Hanaq’s ownership is not a certainty, and is subject, inter alia, to further exploration and feasibility studies being successfully completed (if deemed necessary by Hanaq) and to the necessary permits for production being obtained. Upon the receipt of any future royalties, the Company intends to apply the funds to its exploration and development activities.

The book value of Ochre and the SLM project in ECR’s unaudited half-yearly results for the six months ended 31 March 2019 was £1,072,210. In its audited financial statements for the year ended 30 September 2019, Ochre reported no turnover and no profits, and net assets of approximately £170,000 (equivalent). Ochre has one employee.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Craig Brown, Director & CEO

Email:

info@ecrminerals.com

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 Pty Ltd has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration projects in central Victoria, Australia and the Windidda project in the Yilgarn region, Western 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 Minerals #ECR – Update on Windidda Project, Western Australia

ECR Minerals plc (LON: ECR), the precious metals exploration and development company, is pleased to provide an update on the Windidda project in Western Australia which is held by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).

HIGHLIGHTS:

  • ECR’s 100%-owned Australian subsidiary MGA has been granted four exploration licences in the north-eastern Yilgarn region of Western Australia;
  • The licences form part of the Windidda project, which is now considered to be potentially prospective for komatiite hosted Ni-Cu-PGE as well as orogenic gold;
  • MGA has commissioned a consultant to complete additional geophysical modelling and review of historical activity reports for areas to the south of Windidda in order to better understand the potential prospectivity of the project.

Craig Brown, Chief Executive Officer, commented: ECR has had a busy start to the year, with work in progress in relation to the Windidda project in Western Australia, which is now considered to be potentially prospective for nickel-copper-PGE mineralisation as well as orogenic gold, and planning underway for fieldwork in the Bailieston gold project area in Victoria to commence in February.

We also continue to review a number of potential new projects and strategic developments for the Company, and will of course provide updates to the market as appropriate.”

Windidda Project Update

The Company’s 100%-owned Australian subsidiary MGA has commissioned a consultant to complete the following work in order to better understand the potential prospectivity of the Windidda project and the depth of cover:

  1. Review and assessment of all historical activity reports for relevant areas to the south of the Windidda project, including reports filed by North Ltd, BHP/Western Mining Corporation and Rox Resources Ltd.
  2. Modelling of newly identified airborne gravity data which partially covers two of the Windidda exploration licence applications. This data is additional to that modelled last year (see announcement dated 15 October 2019), and the results can be assessed and related to the previous magnetic modelling on equivalent lines.

Recent preliminary research into the geological setting of the project suggests that the southern parts are potentially prospective for komatiite hosted nickel-copper-PGE (platinum group element) mineralisation. Approximately 12km from the southernmost exploration licence application at Windidda, Rox Resources Ltd has estimated a JORC (2012) Inferred Mineral Resource of 573,000t at 1.63% nickel, 1.19% copper, 0.082% cobalt, 1.49 g/t palladium and 0.85 g/t platinum for the Olympia deposit within Rox’s Collurabbie project (see www.roxresources.com.au).

In late 2018, MGA applied for a total of nine exploration licences to comprise the Windidda project, of which four have now been granted. The remaining five licence applications are subject to objections to the expedited grant procedure from native title parties. MGA is considering its options in this regard, and may decide to rationalise the Windidda tenement package in light of the native title objections and the findings of ongoing technical work.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Craig Brown, Director & CEO

Email: info@ecrminerals.com

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 Pty Ltd has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration projects in central Victoria, Australia and the Windidda project in the Yilgarn region, Western 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.

Alan Green talks Open Orphan #ORPH, ECR Minerals #ECR, Destiny Pharma #DEST, Mirriad #MIRI & RA Intl #RAI on Vox Markets podcast

Alan Green discusses Open Orphan #ORPH, ECR Minerals #ECR, Destiny Pharma #DEST, Mirriad #MIRI & RA International #RAI with Justin Waite on the Vox Markets podcast. Click on the image above.

ECR Minerals #ECR – Significant Research & Development Refund

ECR Minerals plc (LON: ECR), the precious metals exploration and development company, is pleased to provide an update in respect of a significant cash refund received by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) under the Australian government’s R&D Tax Incentive scheme.

HIGHLIGHTS:

  • ECR’s 100%-owned Australian subsidiary MGA has received a cash refund of research and development (R&D) expenditure of AUD 555,212 (approximately £295,515);
  • The qualifying activities pertain to research into turbidite-hosted gold deposits within MGA’s exploration licences in Victoria, Australia;
  • In addition, as at 30 September 2019, MGA had carried forward corporate income tax losses of AUD 66,341,587 (approximately £35.3 million) which are expected to be available for offset against future taxable gains.

Craig Brown, Chief Executive Officer, commented: “I am very pleased to announce the receipt of this cash refund by MGA, which provides a significant boost to the group’s cash position.

The gold price remains strong and we believe there is considerable and growing interest in respect of Australian gold exploration, and we have also observed strong interest in the Victorian goldfields where we have an active exploration portfolio.

Overall, the board believes the additional cash creates exciting opportunities for an entrepreneurial gold-focused company like ECR.”

FURTHER INFORMATION

The refund received relates to qualifying expenditure made by MGA in the fifteen months ended 30 September 2019. The accounting period is fifteen months long rather than the usual twelve months as MGA’s financial year-end has been changed to 30 September from 30 June in order to align it with the rest of the ECR corporate group.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Craig Brown, Director & CEO

Email:

info@ecrminerals.com

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 Pty Ltd has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration projects in central Victoria, Australia and the Windidda gold project in the Yilgarn region, Western 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.

Financial Times – UK Small-Cap Miners Hold Promise for Investors

Article by the Financial Times

ECR Minerals Craig Brown, chief executive of ECR Minerals, insists he is “not a goldbug, not fixated on gold”.

Nonetheless, ECR’s main business is exploring for gold deposits and it is planning mines in the Australian states of Victoria and Western Australia.

Mr Brown said gold mining is commercially appealing because the purification process is simple and the metal is a durable store of value.

ECR’s sites are still in the early stages of proving viability and are years away from commercial operation. In Victoria, the company is testing mineral samples for gold content to determine the extent and purity of deposits.

Mr Brown described the Western Australia project as “relatively greenfield, we’re not even talking about resources yet, we’ve got to drill some holes first”.

He maintains that ECR’s above-ground surveys give the company good reason to think that gold may be below.

Gold prices have risen by about 15 per cent over the year to $48 a gramme as investors have sought refuge from market turbulence.

ECR is listed on Aim and its shares currently trade at 0.7p. The price rose sharply in March and April after a series of positive findings from drilling in Victoria, but it has dropped back again and is currently down 7 per cent since January. Its market capitalisation is £3.2m.

ECR Minerals #ECR – Exploration Commences at Henry’s Hill – Avoca Gold Project – Australia

ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to announce the commencement of gold exploration at Henry’s Hill within the Company’s Avoca gold project.

Craig Brown, Chief Executive Officer commented: “The ECR team are excited to feed Henry’s Hill at the Avoca gold project, into the pipeline of projects under exploration in Victoria.

The Avoca Gold Project is one of five projects held by ECR in the Victorian Goldfields region, with four projects at Avoca, Bailieston, Creswick and Timor now the subject of active exploration or project development operational activity.

We are delighted be highly active in the Victoria Goldfields region, at a time when the area is attracting considerable interest from larger companies and investors.”

Highlights:

  • Previously, ECR geologists have taken 7 rock chip samples from the roadside reserve at Henry’s Hill. The samples were taken approximately 5m from each other at various intervals across shallow pits on the roadside reserve. All seven samples were independently tested by Onsite Laboratory Services.
  • Three of these samples returned 5.1, 1.4 and 1.3 g/t gold;
  • ECR have secured land access permission from the landowner and will commence soil geochemistry and field mapping imminently;
  • The soil geochemistry will be undertaken in an attempt to locate the loci of the mineralised shoot/s;
  • In addition, the work will examine the potential for the mineralisation to extend under cover to the east and the potential continuation of mineralisation to the west;
  • Geological mapping conducted in conjunction with the soil geochemistry will attempt to better define the controls on the shoots.

Henry’s Hill Background

Henry’s Hill is located within EL5387 and is 10 km north of Avoca in central Victoria.

The area to be explored is historically known as Henry’s Hill but is also known to the locals as Wolfram Hill due to the presence of the tungsten-bearing ore that was mined along with gold.

Within Henry’s Hill there are shallow historic workings in a zone over 800 m long and up to 100 m wide and which can be seen through the link below:

https://www.ecrminerals.com/images/Projects/AHH_Henrys_Hill_Google_Earth.jpg

The zone has been worked to alluvial cover to the east and so may extend an additional 200 m to the tenement boundary. The workings die out to the west potentially as the influence of the faults diminishes.

The area was mapped in 1950 by government geologist D Thomas, who identified a series of north-dipping faults dissecting NW trending sediments. The most likely geological reconstruction has these faults intersecting a north-plunging anticline under cover to the east. This relationshipis hypothesised to explain the faults diminishing to the west and will be investigated during field mapping.

The presence of tungsten is a good indicator of the influence of magmatic fluids. Granites occur at the surface to the north. Further evidence for granite-related mineralisation will be sought during the exploration work.

COMPETENT PERSON STATEMENT

The information in this announcement that relates to Exploration Results is based on information compiled by Dr Rodney Boucher of Linex Pty Ltd. Linex Pty Ltd provides geological services to Mercator Gold Australia Pty Ltd, including the services of Dr Boucher, who has a PhD in geology, is a Member and RPGeo of the Australian Institute of Geoscientists and is a Member of the Australasian Institute of Mining and Metallurgy. Dr Boucher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Boucher consents to the inclusion in the announcement of the material based on his information in the form and context in which it appears.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Craig Brown, Director & CEO

Email:

info@ecrminerals.com

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 Pty Limited has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia and the Windidda Gold Project in the Yilgarn Region, Western 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.

Alan Green talks ECR Minerals #ECR, Smart Metering #SMS, Sativa Group #SATI, Feedback #FDBK & Petrel Resources #PET on Vox Markets podcast

Alan Green talks ECR Minerals #ECR, Smart Metering #SMS, Sativa Group #SATI, Feedback #FDBK & Petrel Resources #PET with Justin Waite on the Vox Markets podcast. Interview is 49 minutes and 10 seconds in.

ECR Minerals #ECR – High Grade Gold Assays – Timor Gold Project – Australia

High Grade Gold Assays – Timor Gold Project – Australia

ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to announce the receipt of high grade gold assays from the recently completed rock chip sampling programme at the Timor Gold Project (the “Project”) in Victoria, Australia.

The Timor Gold Project is one of five projects held by ECR in the Victorian Goldfields region, with three projects at Bailieston, Creswick and Timor now the subject of active exploration or project development operational activity.

Craig Brown, Chief Executive Officer commented: “I am extremely pleased to announce the receipt of high-grade gold assays from the Shaw’s Reef and Anglo-Saxon Reef prospects, during a recent reconnaissance sampling program where assays of 22.6 g/t and 26.3 g/t Au were received, respectively. Both these samples are of vein quartz taken randomly from the main waste dumps created by the old underground operations of the late 1800s & early 1900s.“

“Furthermore, the reconnaissance has discovered the Brilliant/Northumbria reef and its extensive gold workings, including an old open cut. This prospect area extends over a length of approximately 500m and is up to 80m wide and assays from 13 samples indicate widespread low-grade gold mineralisation.”

Highlights:

  • Quartz vein material assayed 22.6 g/t from Shaw’s Reef main shaft waste dump, which mined to 152m depth and produced 11465 ounces at a grade of 20.93 g/t Au;
  • Quartz vein material assayed 26.3 g/t from Anglo-Saxon Reef main shaft waste dump & the four samples averaged 8.12 g/t Au. No production records are available and the mine appears to have been worked to relatively shallow depths;
  • Eighty-four (84) rock samples were collected from 19 prospects, with over half (47) of the samples being mineralised or anomalous at >0.1 g/t Au;
  • These 47 anomalous samples of quartz vein or waste rock material are from 14 separate prospects which averaged 1.8 g/t Au indicating that not only are the quartz samples mineralised but that there is a high-level background gold content of the host rocks associated with many of the prospects;
  • The maximum gold grade for these waste rock samples received is 6.49 g/t from the North British Reef, where the material assayed was a host rock slate without any quartz content, which is remarkable;
  • A number of the prospects have consistently anomalous gold grades indicating that the ore does not appear to be particularly nuggetty and that reliable grades can be expected. Further sampling is therefore required to establish the extent of the mineralisation of these particular prospects prior to drilling;
  • A number of prospects remain to be sampled within both the LMFZ and SMFZ pending access negotiations to private property;
  • Wide zones of anomalous gold mineralisation associated with old quartz reef workings that operated on a number of parallel reefs, quartz blows, ladder veins and stockworks within a corridor of up to 80m wide occur at the Brilliant/Northumbria Reefs at the northern end of the Shaw-McFarlane Fault Zone (SMFZ). This zone is about 500m in length and may extend further and therefore offers an immediate drill target with potential for open cut gold mining. Historically part of the zone was open cut with horse and cart technology (Figure 1).

A link to Figure 1 Northumbria Reef open cut:

https://www.ecrminerals.com/images/2019/07/30/northumbria-reef-open-cut.jpg

A link to Figure 2 Brilliant Reef large quartz outcrop approximately 400m south of Northumbria workings:

https://www.ecrminerals.com/images/2019/07/30/brilliant-reef-large-quartz.jpg

Background to the Timor Gold Project:

Timor Gold project is located in Victoria Australia and held under exploration licence EL006278.

Historical records demonstrate that the Maryborough goldfield within the licence area has produced over 640,000 ounces of gold from hard-rock and alluvial sources, with 220,000 ounces mined from hard-rock operations at an average grade of 14g/t gold. (See references below).

Two major fault zones have been identified on the Project, namely the Shaw-McFarlane Fault Zone (“SMFZ”) and the Leviathan-Mariners Fault Zone (“LMFZ”), which are responsible for the majority of the hard-rock gold production.

The SMFZ has been shown to have consistently produced high grade gold mines along its length with Shaw’s Reef, McFarlane’s Reef and Havelock Monte Christo having recorded production at average grades ranging from 22g/t gold to 217 g/t gold with certain operations having been impacted by metallurgical challenges. (See references below.)

Opportunities exist within the SMFZ to identify and process gold mineralisation at potentially very high grade by applying modern processing techniques to resolve processing challenges that limited production many years ago.

The LMFZ hosts a large number of variably sized reefs that occur within the fault zone. These reefs are associated with diorite dykes and generally offer larger gold targets, albeit at lower grade compared to the SMFZ and historical mining records demonstrate that mining activities were often to relatively shallow depths.

Most of the LMFZ is under shallow alluvial cover which produced a considerable amount of gold in the early days of the Maryborough gold rush of the 1850s.

Both the SMFZ and the LMFZ have potential for modern open cut and underground mining techniques, because of the scale of the deposits present.

As a result of the successful program of reconnaissance rock dump sampling from the old workings announced today, the Company is reviewing the data collected to determine the next step for this the Timor Project.

Further information to follow as each step of the exploration programme is implemented and the results interpreted.

COMPETENT PERSON STATEMENT

This announcement has been reviewed by Neil Motton BAppSc (Hons), MAusIMM (CP), FSEG, a geological consultant to the Company’s wholly owned subsidiary Mercator Gold Australia Pty Ltd with more than 30 years of professional experience. Mr Motton is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Craig Brown, Director & CEO

Email:

info@ecrminerals.com

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 Pty Limited has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia and the Windidda Gold Project in the Yilgarn Region, Western 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.

References:

HOWITT, A.M., 1913. The Maryborough goldfield. Geological Survey of Victoria Memoir 11. Department of Mines, Victoria, 76 pp.

Whitelaw, H.S., 1899, Antimony Ores in Victoria. Geological Survey of Victoria Special Report.

ANON., Undated. Leviathan Gold Mines, Maryborough. Map showing Mining Lease areas, locations of shafts, reefs, alluvial leads composite level plans for mines, etc. Plan No 1757/B/1.

ANON, 1888, Lands held under Leases for Gold Mining, Shaw’s & Mariner’s Reef, Maryborough. Register for Mining Registrar for March 1888.

ECR Minerals: ‘Nuggety Nature’ of its Site in Australia gives Hope to this Hard-Working Gold Seeker

By Malcolm Stacey | Share Prophets | Friday 26 July 2019
Hello, Share Primers. Say what you like about gold explorers, there are a few that try really hard and deserve success. It’s a risky business, prospecting, but the rewards, if they come at all, can be dazzling. And it’s a reasonable strategy to have at least some fun money in this field, given the rosy prospect that some commentators expect on this scintillating website for a rising gold price.
I’ve previously brought  to your attention ECR Minerals. (ECR). I praised, among other factors, its diligence in bringing news to shareholders. I does it almost weekly and I do not find its releases to be too over-optimistic. Not like some miners I could mention.
To recap: ECR has exploration and development underway at 3 projects in Victoria, Australia. They are Bailieston, Crewick and Timor. Crewick is currently getting most of the attention as ECR claims it has ‘potential to host  a multi-million ounce gold deposit’.
We are told – and I believe this company to be honest – ‘There is plenty of long standing geological and anecdotal evidence supporting this view.’  In the winter, ECR did a lot of drilling at Crewick. Results exceeded expectations with quartz found in  third of the drilled land. (Quartz is a jolly sign, apparently).
But it was what the company quaintly describes as the ‘nuggety’ nature of gold mineralisation on the site that we’re expected to be encouraged by. If there are nuggets then it leads to the likliehodd of understated essays in the company’s samples.
The Aim-listed prospector has so many samples to test, it has rented a large aircraft hangar in Nagambie for the storage, preparation and drying of samples. They’ve also shipped in posh lab equipment to get the assays done.
And if all this is not successful, then the outfit does have the other Australian gold projects to fall back on.
Remember, gang, that oil prices are depressed at the moment. But as many analysts fear for the global economy, that might not stay pertinent for long.
And now let’s do some sampling of our own in the Punter’s Return.
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