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Planned Gold Exploration in Victoria, Australia - Replacement
Planned Gold Exploration in Victoria, Australia - Replacement.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Planned Gold Exploration in Victoria, Australia - Replacement\n \n \n\n \n ECR Minerals plc\n \n \n\n \n \n \n The issuer advises that the following replaces the ECR MINERALS plc \n Planned Gold Ecploration in Victoria, Australia announcement released at \n 07:00 BST today.\n \n \n The headline has been corrected to Planned Gold Exploration in Victoria, \n Australia\n \n \n All other details remain unchanged.\n \n \n The full corrected version is shown below.\n \n \n AIM: ECR\n \n \n US OTC: MTGDY\n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n PLANNED GOLD EXPLORATION IN VICTORIA, AUSTRALIA\n \n \n LONDON: 20 September 2017 - The directors of ECR Minerals plc are \n pleased to announce an update upon its four gold exploration projects \n located in Central Victoria, Australia.\n \n \n Successful Transfer of Avoca Licence\n \n \n Following receipt of the transfer of the Avoca licence to ECR’s wholly \n owned Australian subsidiary Mercator Gold Australia Pty Ltd, the \n Company’s four gold projects (Avoca, Baillieston, Timor and Moormbool) \n in Central Victoria, Australia are now 100% owned by ECR.\n \n \n Planned Exploration Programme\n \n \n The company is also pleased to announce the following details of \n drilling and exploration plans across its portfolio of Victoria \n licences. Company objectives will be to deliver a high-quality low-cost \n exploration programme to test extensions to known mineralisation and to \n generate additional targets for more comprehensive programmes. The \n ultimate aim is to find and evaluate a mineral resource suitable for \n mining.\n \n \n Avoca ( EL5387)\n \n \n Having previously been mined with a significant amount of gold \n production from both alluvial and hardrock high grade sources, ECR \n considers the Avoca project is highly prospective for hard rock \n structurally controlled gold deposits.\n \n \n The hard rock historic mines within the Avoca licence include the high \n grade:\n \n \n \n Pyrenees Reefs - 16,199 tons mined for 16,602 oz Au to 130 meters at \n an average recovered grade of 32g/t Au, worked from 1860 to 1912\n \n \n Excelsior Reef - 13,200 tons mined for 9260 oz Au to 100 meters at an \n average recovered grade of 22g/t Au, worked from 1909 to 1915\n \n \n Monte Christo Reefs – 2,795 tons mined for 937 oz Au to 30 mete...