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Additional Drilling Programme - Black Cat Gold Prospect in Victoria, Australia
Additional Drilling Programme - Black Cat Gold Prospect in Victoria, Australia.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Additional Drilling Programme - Black Cat Gold Prospect in Victoria, \n Australia\n \n \n\n \n ECR Minerals plc\n \n \n\n \n \n \n 4 February 2019\n \n \n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n ADDITIONAL DRILLING PROGRAMME -\n \n \n BLACK CAT GOLD PROSPECT IN VICTORIA, AUSTRALIA\n \n \n ECR Minerals plc (LON:ECR), the precious metals exploration and \n development company, is pleased to announce details of a further gold \n focussed drilling programme which will shortly commence at the Black Cat \n prospect within the Bailieston gold project area in the state of \n Victoria, Australia.\n \n \n This programme is additional to the drilling which will be taking place \n at the Creswick gold project and the Blue Moon prospect at Bailieston, \n which was announced on 29 January 2019.\n \n \n HIGHLIGHTS:\n \n \n \n A contract has been signed for 450m of rotary air blast (RAB) drilling \n at the Black Cat gold prospect in the Bailieston gold project area in \n Victoria, Australia, by ECR’s wholly owned Australian subsidiary \n Mercator Gold Australia Pty Ltd (“MGA”)\n \n \n Black Cat is among the high priority targets identified by the \n geophysical interpretation and targeting study completed for MGA by \n Terra Resources in late 2017, and has not been previously drilled\n \n \n The prospect is immediately south of ground recently applied for by \n Newmont Exploration and contains 220m of historical workings along \n three known lines of quartz reef\n \n \n Strong gold-in-soil anomalism in some areas indicates unworked reefs \n may remain to be discovered, and rock chip sampling of quartz-poor \n material indicates potential for disseminated gold\n \n \n Rock chip samples at Black Cat have returned encouraging grades up to \n 11.3g/t gold\n \n \n RAB drilling is a low cost method well suited to the first pass \n testing required at Black Cat, and the programme is expected to \n commence during February 2019\n \n \n \n Craig Brown, Chief Executive Officer of ECR Minerals plc, \n commented: “During my recent trip to Australia we were able to \n make final arrangements to commence the drilling programme announced \n last week. The rig engaged for that programme is expected to start work \n at Creswick in the coming days and will be moved to Blue Moon after the \n Creswick holes are...