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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.

The Prospect of Large Gold Nuggets! – IMC Exploration

IMC2Gold Frenzy, the story of Wicklow’s gold – An excerpt from the book  by Dr Peadar McArdle.

Dr McArdle, who recently retired as Director of the Geological Survey of Ireland, has had a long term interest in the history and origin of the Goldmine River gold deposits.

Text copyright Dr Peadar McArdle 2011.

Pt 13 – The Prospect of Large Gold Nuggets!

What made Goldmine River so distinctive and important was the prospect of coming upon large gold nuggets which could provide the finder with an instant fortune. No wonder there has been such confusion over the weight, constitution and even location of the more spectacular examples. Here are some candidates for the role of largest nugget:

  • “The Wicklow Nugget, found in Ballin Stream in County Wicklow, 1795.” It was owned by King George III and weighs 682g.
  • Mr Atkinson, Lord Carysfoot’s agent, refused 80 guineas for a gold-encrusted quartz specimen, according to newspapers of 1795.
  • “The largest specimen of native gold found in Europe as yet known, is that discovered in the County of Wicklow. It weighs 22 ounces.”
  • 22oz nugget bought by Turner Camac for £80 12 shillings and presented to George III, who had it made into a snuff box.

There will always be fascination about the largest gold nugget and what happened to it. The information above is from authoritative accounts – which shows the level of confusion! So it is time to turn to Valentine Ball (1843-1895), a tall bearded man who spent 17 years with the Geological Survey of India in the search for economic minerals. He had notable success in finding coal deposits in West Bengal which are still being mined. Following a short stint in the Chair of Geology and Mineralogy at Trinity College Dublin, he became in 1883 the Director to the precursor to the Natural Museum of Ireland. He oversaw its relocation to the Leinster House premises it still occupies but was forced to resign through ill health at age 51 and died shortly after. He was clearly motivated in his new post. His interest in the gold nuggets arose from his need to label accurately any material held by the museum.

After much careful consideration, Ball concluded that the two gentlemen, Abraham Coates and Turner Camac, were the probable donors of the largest nugget to King George III and that the latter received it by early 1796. The allegation that the monarch had it made into something as trivial as a snuff box elicits the following comment from Ball, a most loyal subject of His Majesty. “That a snuff-box was made of a 22oz nugget may seem incredible, but possibly in some other form, and with an inscription, the metal may have been preserved, and this record of fact and dissipation of myth, will I trust, aid in its ultimate identification.”

IMCGoldFrenzyWith the passage of a century since its donation, it seems overly optimistic to think that it might then be found, but earnest Ball does not entirely subscribe to this view: “Although I have not been able to obtain information from Windsor Castle as to the existence of any trace of this transaction, I by no means despair of such ultimately being found.”

Nevertheless the fame of the largest nugget, 22 ounces in reputed weight, did not diminish with time. In fact several models of it were made soon after its discovery and examples are now in the possession of the National Museum of Ireland, the Geological Survey of Ireland and the Natural History Museum, London....

To be continued…

Other books by Dr Peadar McArdle can be viewed on Amazon here

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