Business
Tambo Gold Project, Eastern Victoria, Australia
Tambo Gold Project, Eastern Victoria, Australia.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n \nTambo Gold Project, Eastern Victoria, Australia\n\nECR Minerals plc\n\n \n\n \n24 September 2020\n\n \n ECR MINERALS plc\n(“ECR Minerals”, “ECR” or the “Company”)\n\n \n TAMBO GOLD PROJECT\nEASTERN VICTORIA, AUSTRALIA\n \n \nECR Minerals plc (LON: ECR), the gold exploration and development company focussed on Australia, is pleased to announce that its wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has applied for two new exploration licences in eastern Victoria, Australia. The licences, which are contiguous, will comprise the Tambo gold project.\n\n \n HIGHLIGHTS\n \n \n \nTwo new exploration licence applications lodged in eastern Victoria: EL007484 (410 sq. km) and EL007486 (318 sq. km), to comprise the Tambo gold project;\n\n \nApplications cover portions of the historic Swifts Creek/Omeo and Haunted Stream goldfields that have recorded historical gold production of 205,000 and 25,000 oz respectively, according to figures published by the Geological Survey of Victoria;\n\n \nProject area prospective for orogenic reef gold and additionally for intrusion-related gold & base metal systems.\n\n \n \n Craig Brown, Chief Executive Officer of ECR, commented:\n“Good quality exploration ground available for direct application is very difficult to find in Victoria, so we are very pleased to have identified and applied for the Tambo project, which covers a sizeable area of prospective geology near historic goldfields and has received little contemporary exploration.\n\n \nOur principal geologist, Dr Rod Boucher, was born and raised nearby in Bruthen. He grew up gold prospecting with his father throughout the application areas and has an in-depth knowledge of the gold potential in the small streams and gullies. He is a descendant of gold miners from a locality once known as Boucher Town between Cassilis and Swifts Creek and completed his third-year undergraduate thesis on the geology of the Tambo Crossing area.”\n\n \n ABOUT THE TAMBO PROJECT AREA\n \n \nA map of the Tambo project area showing the location of the applications (Fig. 1a) and their geological setting (Fig. 2a) can be viewed at:\n\n \n https://www.ecrminerals.com/images/2020/09/21/tambo_ela_f1_location_goldfields.jpg\n \n \n https://www.ecrminerals.com/images/2020/09/21/tambo_ela_f2_geology.jpg\n \n \nGeologically, the majority of the...