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Anticline Identified Close to Maori Reef Line at the Bailieston Gold Project
Anticline Identified Close to Maori Reef Line at the Bailieston Gold Project.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nAnticline Identified Close to Maori Reef Line at the Bailieston Gold Project\n\nECR Minerals plc\n\n \n\n \n1 July 2021\n\n \n ECR MINERALS plc\n \n \n(“ECR Minerals”, “ECR” or the “Company”)\n\n \n ANTICLINE IDENTIFIED CLOSE TO MAORI REEF LINE AT THE BAILIESTON GOLD PROJECT\n \n \nECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to announce drilling updates across the Bailieston Project in central Victoria, Australia.\n\n \nECR Minerals plc has 100% ownership of Bailieston Project which is operated under their Australian owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).\n\n \n Craig Brown, Chief Executive Officer of ECR Minerals plc, commented:\n \n \n “I am delighted to announce a highly significant development resulting from the aggressive drilling programmes currently underway in the Victoria Goldfields. ECR Minerals has the advantage of owning its own diamond drilling rig and, with a centralised operational hub at Bendigo, we have been able to swiftly and efficiently interpret the core samples and secure valuable data from the programmes.\n \n \n As suspected by our senior geologists, logging of three diamond holes at the Maori and Dan Genders Reef at the HR3 prospect has confirmed a steep south-plunging anticline to exist sub-parallel to the Maori Reef line which hosts quartz-arsenopyrite mineralisation and elevated gold grades.\n \n \n Most significantly, the data and presence of gold in the core samples confirms the south plunging anti-cline runs close to the historical mined portions of the Maori Reef. The additional drilling planned for the northern end of the zone will help us further understand the size and shape of the structure in order that we can determine next exploration steps.”\n \n \n KEY POINTS\n \n \n \nFour initial diamond drill holes have been completed into the Maori and Dan Genders Reef lines for a total of 869.3m.\n\n \n \n \nStructural logging of three diamond holes now confirms a steep south-plunging anticline that exists sub-parallel to the Maori Reef line which hosts quartz-arsenopyrite mineralisation with elevated gold grades. 3D projections of this folding are spatially associated with high-grade historic percussion drill intersections.\n\n \n \n PROGRESS AT BAILIESTON GOLD PROJECT\n \n \nFirst pass d...