Business
Drilling/Production Report
Drilling/Production Report.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nDrilling/Production Report\n\nECR Minerals plc\n\n \n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n Initial Drilling Success of ‘Phase two’ Drilling at HR3.\n \n \nECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to update shareholders on its initial successful results from recently commenced ‘phase 2 drilling’ within HR3 at Bailieston, Victoria, Australia.\n\n \nECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which is operated under its Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).\n\n \n ECR Chairman David Tang commented:\n “We are pleased with the excellent results from hole BH3DD009 at HR3. As this intensive drilling campaign continues, so our understanding of the Maori Anticline continues to grow. With a clear picture of the HR3 goldfield structure starting to emerge, it is tragic that Craig Brown is no longer with us to see these latest developments. I do know that all employees and directors at ECR and Mercator Gold are working hard to ensure that Craig’s vision for ECR’s flagship projects come to fruition. We look forward to sharing further assay results and data with shareholders as they are released by the labs.”\n \n \n “It is our intention to appoint a new CEO in due course, and in this regard our search has already begun. In the interim a committee of directors, including myself, Trevor Davenport and Adam Jones will continue to drive the business forward.\"\n \n \n SUMMARY:\n \n \n \n Following receipt of the necessary permissions, drilling has re-commenced within the HR3 Goldfields utilising two diamond drill rigs.\n \n \n Initial results have been received with the first hole completed, (BH3DD009) returning 0.7m @ 28.06g/t Au from 52.7m depth from the Maori Reef.\n \n \n Gold values correlate well to high arsenic and antimony (stibnite) pXRF values - proof of their importance as pathfinder elements within the Bailieston area.\n \n \n Drilling highlights the importance of the Maori Anticline as an important up-coming target.\n \n \n \n PHASE TWO DRILLING HR3\n \n \nWhilst drilling at Creswick and Cherry Tree ‘HR4’ mid-year, MGA submitted plans to government authorities requesting permission to drill from additional sites within the HR3 gold...