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Initial drilling Results from Cherry Tree, Bailieston Gold Project, Victoria...
Initial drilling Results from Cherry Tree, Bailieston Gold Project, Victoria....
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nInitial drilling Results from Cherry Tree, Bailieston Gold Project, Victoria, Australia\n\nECR Minerals plc\n\n \n \n \n 10 August 2021\n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n Initial Results from the First Ever Drilling Campaign at Cherry Tree (HR4) Identify Anticlinal Hinge Anomaly\n \n \nECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to announce initial results from its first drilling campaign at Cherry Tree (“Historic reserve number 4”, “HR4”, “Cherry Tree”) at the Bailieston Project in central Victoria, Australia.\n\n \nECR Minerals plc has 100% ownership of Bailieston Project which is operated under its Australian owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).\n\n \n Craig Brown, Chief Executive Officer of ECR Minerals plc, commented:\n \n \n “Following the purchase of our second drilling rig, ECR’s strong funding position and growing local infrastructure ensures the Company can continue to maintain a series of aggressive drilling campaigns across the Victoria Goldfields. We have also made a small bit of history; ECR’s Australian subsidiary MGA completed the first ever diamond drillhole at Cherry Tree (HR4) and I am delighted to report a highly significant early result there from hole BCTDD003, both in terms of the geological setting and the gold mineralisation identified.”\n \n \n “As the data continues to arrive, our senior geologists are working hard to ascertain structural geological interpretations. It is widely accepted that culminations in folded strata cut by shears and faults are favoured locations for deposition of fold-hinged gold deposits, and with the cross-striking faults at this anticline filled with quartz-gold-bearing fluids in Holes BCTDD001, BCTDD002 and BCTDD003, there is encouraging early evidence. We are keen to see what the next raft of data will reveal so we can determine our next exploration steps.”\n \n \n HIGHLIGHTS:\n \n \n \nHole BCTDD001, the first ever diamond drilling work undertaken at HR4 has delineated an anticlinal hinge striking through the centre of the goldfield.\n\n \nHoles BCTDD002 and BCTDD003 were drilled to define cross striking faults. Drilling continues using orientated diamond drill-core for structural geological interpretation\n\n \n...