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Multiple visible gold occurrences and pegmatites observed at Lolworth...
Multiple visible gold occurrences and pegmatites observed at Lolworth....
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nMultiple visible gold occurrences and pegmatites observed at Lolworth, Queensland\n\nECR Minerals plc\n\n \n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n Multiple visible gold occurrences and pegmatites observed at Lolworth, Queensland\n \n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the first round of results from the recent stream sediment sampling campaign undertaken at the Lolworth Range project, North Queensland, Australia.\n\n \nECR Minerals plc has 100% ownership of three exploration tenements (EPM27901, EPM27902 and EPM27903), which covers the Lolworth Range, located 120km west of the famous gold district of Charters Towers. The project is being explored by ECR’s Australian wholly owned subsidiary Lux Exploration Pty Ltd (“LUX”).\n\n \n HIGHLIGHTS\n \n \n \n 21 out of 125 stream sediment samples to date are anomalous with gold, with results up to 152.5 ppm Au.\n \n \n 18 of the 125 samples show visible gold.\n \n \n Further samples are awaiting results including 212 stream sediment samples and 33 rock chips.\n \n \n Multiple pegmatites observed throughout the tenements\n \n \n \n ECR CEO Andrew Haythorpe commented: \n “Following today’s placing to raise gross proceeds of £900,000 to further develop our projects, on behalf of the Board I am delighted to report a great start at our Lolworth project, with a highly encouraging 14% visible gold strike rate from the sampling campaign. As we await the results from the remaining samples, we have also incorporated samples from pegmatites observed by our Technical Director on his most recent trip to Lolworth into our plan. These have also been submitted for assay and will be reported at the earliest opportunity. From this we will then move to establish an initial shortlist of targets for further exploration.”\n \n \n “I look forward to reporting back to you as soon as we receive the results from the remaining samples”\n \n \nA Probability Plot showing the different gold population groupings can be found at the following link:\n\n \n Figure 1: \n https://www.ecrminerals.com/images/2022/fig1_Lolworth_SS_Au_populations.png\n \n \nAn overview plan showing results (Au ppm) of stream samples completed to date can be found at the following link:\n\n \n Figure 2:\n...