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ECR Minerals #ECR CEO Craig Brown is interviewed by StockBox Media. Craig discusses the recent purchases, including the Midas drill rig, and how the company plans to set up its own laboratory to analyse drill samples and geo data.

Craig explains the drilling process and how owning the equipment and resource has improved efficiency of operations and ultimately a speeding up of the process.

With £4m in the bank, sufficient funding to take the company through to 2023, Craig says the quartz cores extracted are looking very positive, although the detailed analysis needs to be undertaken.

Craig explains how the team at the new broker will conduct site visits and prepare detailed analysis notes, plus the Shenyang Xinliaoan Machinery Co major shareholding, (first invested in 2017). The company, which has approaching $1bn in assets, supplies mining equipment, plus equipment for industrial and earth moving equipment.

As major shareholders, Shenyang will also provide operational support and equipment for ECR going forward.

In regard to JV interest, short term Craig sees the greatest potential at Bailieston and HR3, Bryron, Blue Moon, Black Cat, Cherry Tree South and other areas. HR3 mineralisation looks v similar to Fosterville.

There is still serious interest at Creswick. Technical due diligence has been completed, so currently the JV partners are awaiting the final legal documentation. The partners are well known in the industry, having worked with a number of billion pound listed companies.

Craig ends by saying he’s not so much interested in corporate deals, rathermore he wants to discover something ‘on the ground’.

“It’s incredible when you discover something from nothing, and discover there is $8bn of gold sitting there. That’s what we hope to do for ECR..”