Business
Progress Update - Australian Gold Exploration
Progress Update - Australian Gold Exploration.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nProgress Update - Australian Gold Exploration\n\nECR Minerals plc\n\n \n\n \n20 February 2020\n\n \n ECR MINERALS plc\n \n \n(“ECR Minerals”, “ECR” or the “Company”)\n\n \n PROGRESS UPDATE - AUSTRALIAN GOLD EXPLORATION\n \n \nECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, is pleased to provide the following update on its activities, which are carried out through its wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).\n\n \n HIGHLIGHTS:\n \n \n \nLithogeochemical study by preeminent consulting geochemist commissioned for Creswick gold project in Victoria;\n\n \nExploration options for Bailieston project in Victoria being reviewed with the MGA technical team - programme to be announced shortly;\n\n \nAdditional exploration licence granted at the Windidda project in Western Australia;\n\n \nBusiness development - the Company continues to review its commercial options for MGA’s Victorian gold projects following expressions of interest from third parties.\n\n \n \n Creswick Gold Project, Central Victoria \n \n \nMGA has commissioned Dr Dennis Arne to carry out a lithogeochemical study of cuttings (chips) generated by reverse circulation (RC) drilling at the Creswick project in 2019. Dr Arne is a preeminent consulting geochemist in Victoria, whose experience includes extensive consultancy at the highly successful Fosterville gold mine in Central Victoria owned by Kirkland Lake Gold.\n\n \nDr Arne will be working with fresh (unoxidised) RC chips from Creswick to determine whether the observed quartz veining is associated with the presence of ferroan carbonate. Ferroan carbonate is intimately associated with all Central Victorian gold deposits that have not been contact metamorphosed.\n\n \nThe amount of ferroan carbonate generally increases as mineralised structures are approached. It can therefore be used for vectoring within alteration systems associated with gold mineralisation, particularly when integrated with geochemical data, and can be used to distinguish between mineralised and non-mineralised quartz veins. The results of the study are anticipated to be valuable for the purposes of future exploration at the Creswick project. Further updates will be provided in due course.\n\n \n Windidda Gold Project, Western Australia \n \n \nFurther to the Co...