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Significant Update – Creswick Gold Project Australia
Significant Update – Creswick Gold Project Australia.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Significant Update – Creswick Gold Project Australia\n \n \n\n \n ECR Minerals plc\n \n \n\n \n \n \n 8 May 2019\n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n Significant Update – Creswick Gold Project Australia\n \n \n ECR Minerals plc (LSE:ECR), the precious metals exploration and \n development company, is pleased to provide an update in respect of the \n Company’s exploration programme at the Creswick gold project (the \n “Project”) in Victoria, Australia.\n \n \n Highlights:\n \n \n \n The Company has completed 1,687 metres of reverse circulation drilling \n in 17 holes at the Creswick gold project targeting multiple quartz \n vein orientations within the Dimocks Main Shale (“DMS”);\n \n \n Drilling identified more extensive quartz than anticipated, in a zone \n exceeding 60m in width (more than twice the 25m width expected) with \n quartz identified in over one third of the 1,687 metres drilled;\n \n \n The majority of drill results have now been received and are being \n reviewed by the Company’s technical team. Of the 17 holes drilled the \n Company has identified gold mineralisation in all holes so far with \n grades in 9 holes ranging from 0.6 g/t gold to 44.63 g/t gold (1.44 oz \n per tonne);\n \n \n Technical review of the drill programme and assay results has \n confirmed elements of the complex geology at Creswick and confirmed \n that the gold mineralisation is ‘nuggetty’ in nature;\n \n \n Nuggetty gold distribution can lead to understated assays, as the \n larger the nuggets the less the chance they will be captured in the \n drilled metre. Compounding the problem is only a small portion of each \n reverse circulation sample bag is actually tested. Conversely results \n can be overstated if the nugget happens to be captured in the small \n sample;\n \n \n ECR has therefore commenced a process of gravity concentration tests \n from whole of bag samples from the reverse circulation drilling and \n will release results as the more representative whole of sample bag \n analyses are conducted;\n \n \n From a trial sample bag tested from hole CSR011 a nugget has been \n found in the previously untested portion of the sample and overall the \n sample has demonstrated gold of 11.8 g/t from whole-of-bag gravity \n concentration, some 528% greater than the 1.88 g/t assay r...