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Update on SLM Gold Project, Argentina
Update on SLM Gold Project, Argentina.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n Update on SLM Gold Project, Argentina\n \n \n\n \n ECR Minerals plc\n \n \n\n \n \n \n ECR MINERALS plc (“ECR Minerals”, “ECR” or the “Company”)\n \n AIM: ECRUS OTC: MTGDY\n \n UPDATE ON SLM GOLD PROJECT, ARGENTINA\n \n \n LONDON: 21 JULY 2014 - ECR Minerals plc is pleased to provide the \n following update on activities at the SLM gold project in Argentina. The \n SLM project area is 100% held by ECR’s wholly owned Argentine subsidiary \n Ochre Mining SA (“Ochre”).\n \n \n Further to ECR’s announcement of 24 June 2014, the programme of cleaning \n and sampling historical trenches in and around the JV-14 zone within the \n SLM gold project area in La Rioja Province, Argentina referred to by \n that announcement has been completed. Samples from the trenches have \n been sent to an independent, internationally certified laboratory for \n assay. Assay results are expected in August 2014.\n \n \n Stephen Clayson, Chief Executive Officer of ECR, commented:\n \n \n “On the basis of the trench sampling results and other relevant \n information a decision will be made as to whether to proceed with \n drilling in the JV-14 zone, with a view to using the drilling results, \n subject to these being positive, in the estimation of a resource.\n \n \n As previously announced, 3D modelling of historical drilling data \n indicates that the JV-14 zone may have attractive resource potential in \n the context of Ochre’s strategy of seeking to bring high grade, low \n tonnage gold deposits at SLM into production relatively quickly and at a \n relatively modest capital cost. It is hoped that the trench sampling \n results will provide further support to this interpretation. However the \n planning of any mining operation will be contingent upon positive \n results of drilling, among other factors.\n \n \n The JV-14 zone extends over a strike length of approximately 300m, and \n four auriferous quartz veins are indicated to occur within the zone by \n historical data. However, JV-14 is part of a larger vein system which \n appears to continue over a strike length of approximately 600m, based on \n historical data and present day field inspections by Ochre. Although \n historical data indicates the JV-14 zone to be the most promising \n section of the vein system, samples have been taken by Ochre from \n historical trenches located outsi...