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High Grade Gold Assays – Timor Gold Project - Australia
High Grade Gold Assays – Timor Gold Project - Australia.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \nHigh Grade Gold Assays – Timor Gold Project - Australia\n\nECR Minerals plc\n\n \n\n\nECR MINERALS plc\n\n\n(“ECR Minerals”, “ECR” or the “Company”)\n\n\nHigh Grade Gold Assays – Timor Gold Project - Australia\n\n\nECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to announce the receipt of high grade gold assays from the recently completed rock chip sampling programme at the Timor Gold Project (the “Project”) in Victoria, Australia.\n\n\nThe Timor Gold Project is one of five projects held by ECR in the Victorian Goldfields region, with three projects at Bailieston, Creswick and Timor now the subject of active exploration or project development operational activity.\n\n\nCraig Brown, Chief Executive Officer commented: “I am extremely pleased to announce the receipt of high-grade gold assays from the Shaw’s Reef and Anglo-Saxon Reef prospects, during a recent reconnaissance sampling program where assays of 22.6 g/t and 26.3 g/t Au were received, respectively. Both these samples are of vein quartz taken randomly from the main waste dumps created by the old underground operations of the late 1800s & early 1900s.“\n\n\n“Furthermore, the reconnaissance has discovered the Brilliant/Northumbria reef and its extensive gold workings, including an old open cut. This prospect area extends over a length of approximately 500m and is up to 80m wide and assays from 13 samples indicate widespread low-grade gold mineralisation.”\n\n\nHighlights:\n\n\n\nQuartz vein material assayed 22.6 g/t from Shaw’s Reef main shaft waste dump, which mined to 152m depth and produced 11465 ounces at a grade of 20.93 g/t Au;\n\n\n\n\nQuartz vein material assayed 26.3 g/t from Anglo-Saxon Reef main shaft waste dump & the four samples averaged 8.12 g/t Au. No production records are available and the mine appears to have been worked to relatively shallow depths;\n\n\n\n\nEighty-four (84) rock samples were collected from 19 prospects, with over half (47) of the samples being mineralised or anomalous at >0.1 g/t Au;\n\n\n\n\nThese 47 anomalous samples of quartz vein or waste rock material are from 14 separate prospects which averaged 1.8 g/t Au indicating that not only are the quartz samples mineralised but that there is a high-level background gold content of the host rocks associated with many o...