Business
Exploration and Corporate Update
Exploration and Corporate Update.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n\n24 March 2025\n \n ECR MINERALS plc\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nExploration and Corporate Update\n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, provides the following update on its ongoing exploration and corporate activities.\n \nHIGHLIGHTS\n● Proposed antimony-focused Diamond Drilling programme to commence in April 2025 at Bailieston, Central Victoria, Australia (the \"Bailieston Project\") \n● Drilling to get underway at Lolworth Gold and Rare Earths project in H1 2025\n \nBailieston Gold and Antimony Project\n \nAs announced on 3 July 2024, sampling at the Company's Bailieston Project identified a high-grade antimony zone, with hole 19 returning an impressive 32% antimony grade over 0.3 metres and 1.2% antimony over 0.1 metres in hole 27. Holes 43, 34, and 42 are adjacent to this zone. Hole 43, located 50 metres south of the antimony vein, also delivered the Company's best gold drilling intercept to date at the Bailieston Project -four metres at 9 g/t gold. Hole 43 is yet to be followed up with further drilling.\n \nField teams have now successfully completed a rock chip sampling program with results expected to be announced in the coming weeks. Initial Portable X-Ray Fluorescence (\"PXRF\") analysis has identified surface expressions of antimony (\"Sb\"), consistent with historical workings and mapped shear zones, further reinforcing the Bailieston Project's antimony prospectivity.\n \nECR intends to launch a targeted drilling campaign at the Bailieston Project to define the extent of antimony mineralisation, with drilling scheduled to commence in April 2025.\n \nCorporate Update\n \nECR continues to evaluate opportunities to optimise value across its asset portfolio. Since the update provided on 28 February 2025, the Company has received additional third-party interest in the tax losses held by Mercator Gold Australia Pty Ltd (\"MGA\") and certain non-core assets, excluding the EL5433 licence, which encompasses the Bailieston Antimony project.\n \nAs previously ...