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Positive Gold Soil Sampling Results at Lolworth
Positive Gold Soil Sampling Results at Lolworth.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\nECR MINERALS plc\n \n(\"ECR Minerals\", \"ECR\" or the \"Company\")\n \nPositive Gold Soil Sampling Results at Lolworth, Queensland\nNiobium-REE sampling set to commence\n \nECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce initial gold results from soil sampling at the Company's Lolworth Project in Queensland, Australia.\n \nHIGHLIGHTS\n \n● Soil sampling undertaken at prospective locations in the central region of the project area\n● 41 samples returned results equal to, or greater than, 0.05 ppm Au (Gold) at the 'Dagwood Prospect' including 4 results above 1.00 ppm Au\n● 15 samples returned results greater than 0.05 ppm Au from the 'Gorge Creek Diggings' Prospect' with a best result including 16.85 ppm Au\n● Focus now turns to the Eastern part of the tenement area to test for Gold, Niobium and Tantalum mineralisation\n● ECR remains fully funded for its planned operations in Queensland and Victoria in 2024\n \nResults\nTwo field teams have been working on site at Lolworth since early May 2024 and ECR Minerals has now received the first batch of results from soil geochemistry sampling, following up on results from earlier stream sediment pan sampling. 41 samples returned results equal to or greater than 0.05 ppm Au (50 ppb Au) at the Dagwood Prospect with 4 results exceeding 1.00 ppm Au. (See table 1). At the Gorge Creek Diggings Prospect, 15 samples returned results greater than 0.05 ppm Au with a best result of 16.85 ppm Au. (See table 2).\n \nAnalysis\nThe geochemical trends have been interpreted to strike NNW at Gorge Creek Diggings where further discoveries of nuggety gold have been identified further north along strike of these soil grids suggesting the source of gold is likely nearby. Soil sampling has now been expanded to include these prospective areas. Geochemical trends at the Dagwood Prospect are likely northerly striking. Outcrop mapping and rock chip sampling along these prospective trends is now also in progress. The high-grade results in the soils are due to the coarse nature of some of the gold contained within the soil medium. Where nuggety gold has been found in the area, it is ragged, which sugg...