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Gold System Identified at Blue Moon Australia
Gold System Identified at Blue Moon Australia.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Gold System Identified at Blue Moon Australia\n \n \n\n \n ECR Minerals plc\n \n \n\n \n \n \n AIM: ECR\n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n Gold System Identified at Blue Moon Australia\n \n \n LONDON: 6 JULY 2018 - ECR Minerals plc (AIM:ECR) is pleased to \n announce the results of diamond core drilling at its 100% owned Blue \n Moon gold prospect in Central Victoria, Australia.\n \n \n The drilling programme at Blue Moon was undertaken to confirm the \n presence of gold mineralisation based on the Company’s technical work \n which had indicated potential for an extensive mineralised system.\n \n \n For clarity the paramount objective of this drill programme was to \n identify the presence of gold, ratifying the internal exploration model \n and enabling further work to ascertain the mineralised structure and \n identify the potential for commercial development.\n \n \n HIGHLIGHTS:\n \n \n \n The assay results received provide evidence of a significant near \n surface mineralised system, with large mineralised gold intercepts up \n to 39.5 metres (apparent width) just 24.2 metres from surface in hole \n BBM003 in a host rock sandstone that outcrops at the surface;\n \n \n All three holes intercepted gold mineralisation and the results \n support MGA’s hypothesis that Blue Moon is a disseminated gold system \n comparable to some of the mineralisation exploited at the 1Moz+ \n Fosterville mine;\n \n \n Given the deep weathering at Blue Moon and potential for gold \n depletion in the oxidised sulphides, higher grades may be encountered \n at depth in fresh rock;\n \n \n The Company has requested multi-element assay data to complement the \n gold results received and we will provide a further update to market \n when this additional assay data is been received;\n \n \n The ECR technical team are undertaking additional work to move the \n Blue Moon target forward as rapidly as possible, reflecting the \n findings announced today.\n \n \n \n Craig Brown, Chief Executive Officer of ECR Minerals commented: \n “Australia in general and Central Victoria region continues to \n experience a gold exploration boom and ECR are building a material \n presence in that region.\n \n \n The results today provide an exciting opportunity for the Company and we \n are keen to push ahead with...