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Positive Results of Alteration Study - Creswick Gold Project, Victoria...
Positive Results of Alteration Study - Creswick Gold Project, Victoria....
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nPositive Results of Alteration Study - Creswick Gold Project, Victoria, Australia\n\nECR Minerals plc\n\n \n\n \n ECR MINERALS plc\n \n \n(“ECR Minerals”, “ECR” or the “Company”)\n\n \n POSITIVE RESULTS OF ALTERATION STUDY - \n \n \n CRESWICK GOLD PROJECT, VICTORIA, AUSTRALIA\n \n \nECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, is pleased to provide the following update on the Creswick gold project in Victoria, Australia, which is 100%-held by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).\n\n \nAs announced by ECR on 20 February 2020, Dr Dennis Arne, through his consultancy Telemark Geosciences, was retained to stain reverse circulation (RC) drill cuttings (chips) from MGA’s 2019 drilling at Creswick to test for the presence of ferroan carbonates. The results of the study have now been received.\n\n \n HIGHLIGHTS:\n \n \n \nFerroan dolomite in wallrock and as quartz-carbonate composite chips has been identified in five drill holes from MGA’s 2019 RC drilling programme at the Creswick gold project;\n\n \nFerroan dolomite is characteristic of alteration around central Victorian gold deposits and indicative of gold-related hydrothermal fluid flow;\n\n \nThe strong development of ferroan dolomite in some holes can further assist to delineate auriferous shoots in those areas.\n\n \n \n \n Craig Brown, Chief Executive Officer, commented:\n \n \n \n“We are very pleased with the results of this study, which show good indications of hydrothermal fluid flow related to gold mineralisation in a number of drill holes at Creswick. Importantly, the variation in the results, with some areas ‘lighting up’ and others not, is potentially useful for identifying gold-bearing shoots.\n\n \nThis underlines the significant gold exploration potential we believe exists at Creswick, where our tenement position covers approximately seven kilometres of the Dimocks Main Shale (DMS) trend, of which our 2019 drilling tested only approximately 300 metres.”\n\n \n DISCUSSION OF RESULTS \n \n \nFerroan dolomite in wallrock and as quartz-carbonate composite chips was identified in five drill holes from MGA’s 2019 reverse circulation (RC) drilling programme at the Creswick gold project: CSR008, 010, 012, 013 and 014.\n\n \nThe presence of ferroan dolomite is a positive ...