Home » Posts tagged 'ECR Minerals (ECR)'

Tag Archives: ECR Minerals (ECR)

ECR Minerals plc #ECR – Anticline Identified Close to Maori Reef Line at the Bailieston Gold Project


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


ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to announce drilling updates across the Bailieston Project in central Victoria, Australia.

ECR Minerals plc has 100% ownership of Bailieston Project which is operated under their Australian owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).

Craig Brown, Chief Executive Officer of ECR Minerals plc, commented:

“I am delighted to announce a highly significant development resulting from the aggressive drilling programmes currently underway in the Victoria Goldfields. 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.

As suspected by our senior geologists, 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.

Most significantly, the data and presence of gold in the core samples confirms the south plunging anti-cline runs close to the historical mined portions of the Maori Reef. 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.”


  • Four initial diamond drill holes have been completed into the Maori and Dan Genders Reef lines for a total of 869.3m.
  • Structural logging of three diamond holes now confirms a steep south-plunging anticline that exists sub-parallel to the Maori Reef line which hosts quartz-arsenopyrite mineralisation with elevated gold grades. 3D projections of this folding are spatially associated with high-grade historic percussion drill intersections.


First pass diamond drilling has been completed over the Maori and Dan Genders Reef lines. A summary of these four diamond holes is as follows;

BH3DD005 was drilled to investigate the merging of the Hard Up Reef and the Maori Reef structures beneath historic gold workings. The Hard Up Reef was intersected down the hole at 62.4m and is present as strongly oxidised fracturing with silica alteration. Only elevated gold was detected from this part of the reef (0.5m @ 0.80 g/t Au). The Maori Reef was intersected at 94.8m grading (0.8m @ 0.58 g/t Au). Plotting of bedding measurements in 3D software shows the hole drilled through the nose of a fold where the Maori Reef was intersected. Increasing silica alteration with disseminated pyrite is present on the immediate western limb of this fold. Assay results show the pyrite-silica zone to carry above background gold grades (0.2-0.5 g/t Au) within the fire assay analysis of the tails of the cyanide-leachwell solution. This is indicating the pyrite is carrying a refractory gold component. Another quartz-stockwork zone was drilled through at 140m (1m @ 2.89 g/t Au). The hole ended at 174.3m.

BH3DD006 was drilled to investigate a postulated anticline through the central part of the HR3 goldfield and possibly hosting the Dan Genders Reef system. Structural logging shows the Dan Genders Reef to be hosted within west dipping sediments. Assays from this Reef returned low grades from 70.3m down-hole (0.8m @ 0.86 g/t Au). The drillhole was continued to look for the fold into east dipping sediments. This fold was intersected at a drilled depth of 225m. Accompanying this fold was bedding parallel quartz-sulphide mineralisation with assays returning (0.7m @ 1.25 g/t Au) from 224.6m. Drilling continued across the fold where another unknown narrow bedded laminated quartz vein was drilled through at 342.7m depth. This intercept was the best from this hole (0.3m @ 6.06 g/t Au) from 342.7m. This drillhole ended at 344.7m. 3D modelling of bedding shows the fold axis drilled through at 225m projects up-dip to the fold drilled through at 95m in BH3DD005. This fold plunges approximately -40 degrees to the south. The up-dip projection of this fold to surface coincides with the historic Maori mine workings and a high-grade historic percussion drill hole from a previous explorer during the late 1980’s (1m @ 34 g/t Au) from 44m depth in hole BLP136. Mineralisation associated with this fold will need to be investigated further.

BH3DD007 3D projections of quartz veins and the plunge of the fold at 225m downhole in BH3DD006 hypothesised quartz veins to potentially roll over the fold hinge and become limb-thrust hosted within the east dipping beds on the eastern side of the fold further to the north of BH3DD006. BH3DD007 drilled through the fold at a drilled depth of 185.35m. Accompanying the fold was a laminated quartz vein showing fine acicular arsenopyrite needles that assayed (0.65m @ 2.90 g/t Au) from 185.35m. A supplementary rubbly quartz zone giving off high arsenic readings using a pXRF was also drilled through at 43.9m depth. Assays from this zone shows the potential of broader, low-grade gold mineralisation in the oxide levels. Assays from 43.9m (5.3m @ 0.70 g/t Au, including 0.55m @ 1.08g/t Au from 44.65m), accompanied by lower grades ranging between 0.51 and 0.89 g/t Au. Due to poor drill recoveries within this oxide zone, BH3DD008 was collared 10m away from BH3DD007 and drilled to 96.1m. Best result was (0.8m @ 0.38 g/t Au from 37.3m).

Table 1 Summary of averaged grade mineralised drill intercepts BH3DD005-BH3DD008 (g/t Au)


From (metres)

Interval (metres)

@ g/t Au

Geological Comment





Quartz stockwork zone









Anticline structure

Bedded laminated vein









Arsenopyrite needles

Part of broad mineralisation 5.3m @ 0.70 g/t Au from 43.9m





Shallow re-drilled hole twinning BH3DD007


Structural measurements of diamond drill core combined with 3D modelling have proved a steep south plunging anticline to now exist sub-parallel along strike to the Maori Reef line. Spatially, intense historical mined portions of the Maori Reef and high-grade percussion drill results from previous explorers coincide with the up-dip projection of the anticlinal fold.

Drilling to date has confirmed the presence of gold associated with the anticline along strike and depth to the south. Further diamond holes will be drilled in strategic positions to understand the structural controls on the high-grade portions of veins associated with this fold.

Plans for diamond drilling on the northern end of this fold zone have been submitted for approval. These plans are part of a larger campaign to drill underneath recent high-grade soil anomalies in this central and northern part of the goldfield (see previous release 15th June 2021).


This announcement has been reviewed by Adam Jones, a director of 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.


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.


ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Craig Brown, Director & CEO



Website: www.ecrminerals.com

WH Ireland Ltd

Tel: +44 (0)161 832 2174

Nominated Adviser

SI Capital Ltd

Tel: +44 (0)1483 413500


Nick Emerson

Novum Securities Limited


Jon Belliss

Tel: +44 (0)20 7399 9425

Brand Communications
Public Relations

Alan Green

Tel: +44 (0) 7976 431608

Proactive’s Andrew Scott talks to ECR Minerals #ECR CEO Craig Brown about Bailieston, Creswick and Queensland

ECR Minerals PLC‘s (LON:ECR) Craig Brown speaks to Proactive following the news it’s applied for three new licences in the north of Queensland, Australia. The permits cover a total 900sq km of highly prospective ground located within the Lolworth Range, 200km WSW of Townsville and 30km north from Pentlands. Brown also updates on drill programs which are progressing at its Bailieston and Creswick gold exploration projects in the Victoria Goldfields, Australia. They are 100%-owned by ECR’s wholly owned Australian subsidiary Mercator Gold Australia.

ECR Minerals (ECR) – Cyber Monday Deal – Buy now whilst prices are low!

Closing at just £0.66GBX on Black Friday AIM listed gold explorer ECR Minerals (ECR) looks a bargain Cyber Monday deal for investors seeking to capitalise on a bullish gold market within a world-class mining region in 2020.

Having set their sights on Australia, a country estimated to have the largest gold reserves globally, amongst Australia’s exploration boom, ECR Minerals standouts as an ambitious gold exploration and development company with strategic licenses in both Victoria and Western Australia. 

In addition to their Windidda Gold Project in Yilgarn region of Western Australia, a package of nine exploration licence applications covering a 1,600 square kilometre area with the potential to host orogenic gold deposits, ECR now have active exploration underway at five key sites in the Victoria Goldfields. 

The most notable of these, the Creswick Project has been identified by ECR as potentially company transformational, with investors eagerly awaiting further announcements following Novembers update.

Final full bag tests confirm high grade gold at ECR Minerals (ECR) Creswick Project

Updates from ECR’s Creswick Project at the beginning of November provided investors with ongoing encouragement over the huge license potential.

The announcement revealed the final results from a total of 129 ‘full bag’ tests and the assay of 74 duplicate sub-samples collected when drilling from the site held by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).

According to ECR CEO Craig Brown the results…”confirm the presence of nuggety gold mineralisation in the Dimocks Main Shale (DMS) at Creswick, some of which is very high grade.”

Most significantly the highest grade duplicate result of 80.97 g/t gold came from a 1 metre interval that originally assayed 44.63 g/t (announced on 8 May 2019). The ‘full bag’ test of the remainder of the material gave a result close to the average of the two sub-samples at 63.03 g/t (announced 27 August 2019).

What about the nuggety nature of the gold deposits? Well despite demonstrating grade variability, according to ECR consistency across the results suggests that the effect may be less severe than initially thought. 

What’s next for Creswick? 

Following the results, the Company continues to value Creswick, which is one of MGA’s five projects in their Victoria goldfields portfolio, as a site of strategic importance.

According to Brown: “MGA’s tenement position at Creswick covers approximately 7 kilometres of the DMS trend, and our drilling earlier this year only tested approximately 300 metres of this.

We therefore believe there is significant potential upside in the project, and we are now considering how best to build on the results obtained from Creswick to date to create value for ECR shareholders.”

ECR are now in the process of conducting geostatistical analysis to quantify the effect and evaluate the representativeness of the larger samples, employing the services of Dr Simon Dominy – an expert on nuggety gold systems. 

As such investors will be waiting eagerly for ECR’s next update with the next series of announcements potentially company transformational.

A Black Friday bargain

Whilst the share price might not have responded as immediately as ECR would have hoped after the November update, the stock put in a strong finish to the month, and currently look like a bargain Black Friday – Cyber Monday deal. 

This view is backed by many gold mining pundits. According to Incrementum AG fund manager and author of an annual report entitled ‘In gold we trust, Ronald-Peter Stoferle historical evidence suggests gold mining equities are about to take off.

“From my point of view the party is getting going. I think we’re not at the very beginning but I think the party guests are only very slowly entering the room and it will probably be a fun party,” Stoferle told told delegates at the recent Zurich Precious Metals Summit.

Alongside these bullish predictions for the gold market, with key updates likely to be delivered from a number of ECR’s projects in the next few months, 2020 could be a very shiny year for this busy gold explorer.

Remember DYOR!

By Harry Dacres-Dixon

ECR Minerals (ECR) Directorate Change

Directorate Change

ECR Minerals plc (LON:ECR), the precious metals exploration and development company, announces that the ECR board of directors (the “Board”) has agreed to accept the resignation of Sam Garrett as a non-executive director of the Company with immediate effect.

The Board intends to appoint a replacement non-executive director as soon as is practicable.


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.


ECR Minerals plc

Tel: +44 (0)20 7929 1010

David Tang, Non-Executive Chairman

Craig Brown, Director & CEO



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


Nick Emerson


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.

I would like to receive Brand Communications updates and news...
Free Stock Updates & News
I agree to have my personal information transfered to MailChimp ( more information )
Join over 3.000 visitors who are receiving our newsletter and learn how to optimize your blog for search engines, find free traffic, and monetize your website.
We hate spam. Your email address will not be sold or shared with anyone else.