Business
Half-Year Results for 6 months to 31 March 2024
Half-Year Results for 6 months to 31 March 2024.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\nECR MINERALS plc\n(\"ECR Minerals\", \"ECR\" or the \"Company\" and with its subsidiaries the \"Group\")\nUnaudited Half-Yearly Results for the Six Months Ended 31 March 2024 and Business Update\n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce its unaudited half-yearly financial results for the six months ended 31 March 2024 for the Company, along with a review of significant developments during and post period.\nHIGHLIGHTS\nOperational highlights:\n \n· Geological mapping at Lolworth led to the discovery of numerous quartz outcrops within the ridgeline above those gold bearing streams in the Upper Gorge Creek area with best results from rock chipping of 13.75 g/t Au, 3.13 g/t Au and 2.17 g/t Au over a number of outcrops measuring up to 3m wide x 20m long\n \n· Discovery of a rhyolitic dyke in Gorge Creek East, Lolworth 5.5m wide x 200m long having anomalous gold valueswith the best rock chip from the centre of the dyke returning 8.02 g/t Au\n \n· Results from mapping a quartz veinlet system within the upper creek drainage of Flaggy Creek, Lolworth over a length of 70 metres long and within a zone up to 100m wide have proven to be gold-bearing with best results being 6.05 g/t Au, 5.96 g/t Au, 4.66 g/t Au and 3.97 g/t Au\n \n· Application submitted for an Exploration Licence at Kondaparinga, Queensland, approximately 120km2 in area within the Hodgkinson Gold Province\n \n· Broader mineralisation and increased levels of high-grade gold reported from our drilling programme at Creswick, Victoria, with best individual grades 8.87g/t Au and 8.06g/t Au\n \n· Bulk sample testing at Davey Road, Victoria indicated extensive gold mineralisation, with a best result of 41.03 g/t Au\n \n· Tambo rock chip results comfortably exceeded those from previous exploration activities, with eight samples having gold grades greater than 5 g/t Au and best results of 51.5 g/t Au, 26.5 g/t Au and 24 g/t Au\n \nFinancial highlights:\n \n· Sale of non-core assets realise A$420,000\n \n· Ongoing examination of historic tax loss...