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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 StockMarketWire.com
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