Share Prices & Company Research

Market News

08 May 2019 | 14:48

ECR Minerals reports positive drilling results at Australia gold prospect

ECR Minerals reported positive drilling results at the Creswick gold project in Australia's Victoria state.

The company said it had completed 1,687 metres of reverse circulation drilling in 17 holes targeting multiple quartz vein orientations within the Dimocks main shale.

Mineralisation had been identified in all holes so far with grades in nine holes ranging from 0.6 g/t gold to 44.63 g/t gold.

'The work we are undertaking at Creswick is highly exciting given the transformational potential this large footprint gold system offers,' chief executive Craig Brown said.

'The question we have to answer is how much gold does the DMS hold that would be amenable to a bulk tonnage gold mining operation.'

'We are closing in on the answer and the directors believe that the outcome has the potential to be company transformational and is therefore deserving of our close attention.'

'We eagerly await the findings from the whole of bag gravity concentration work and will report back to the market as significant developments occur.'

At 2:48pm: (LON:ECR) ECR Minerals PLC share price was +0.3p at 0.95p

Story provided by
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.