Business
Update on Windidda Project, Western Australia
Update on Windidda Project, Western Australia.
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \nUpdate on Windidda Project, Western Australia\n\nECR Minerals plc\n\n \n\n\nECR MINERALS plc\n(“ECR Minerals”, “ECR” or the “Company”)\n\n\nUPDATE ON WINDIDDA PROJECT, WESTERN AUSTRALIA\n\n\nECR Minerals plc (LON: ECR), the precious metals exploration and development company, is pleased to provide an update on the Windidda project in Western Australia which is held by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).\n\n\nHIGHLIGHTS:\n\n\n\nECR’s 100%-owned Australian subsidiary MGA has been granted four exploration licences in the north-eastern Yilgarn region of Western Australia;\n\n\nThe licences form part of the Windidda project, which is now considered to be potentially prospective for komatiite hosted Ni-Cu-PGE as well as orogenic gold;\n\n\nMGA has commissioned a consultant to complete additional geophysical modelling and review of historical activity reports for areas to the south of Windidda in order to better understand the potential prospectivity of the project.\n\n\n\nCraig Brown, Chief Executive Officer, commented:\n\n\n“ECR has had a busy start to the year, with work in progress in relation to the Windidda project in Western Australia, which is now considered to be potentially prospective for nickel-copper-PGE mineralisation as well as orogenic gold, and planning underway for fieldwork in the Bailieston gold project area in Victoria to commence in February.\n\n\nWe also continue to review a number of potential new projects and strategic developments for the Company, and will of course provide updates to the market as appropriate.”\n\n\nWindidda Project Update \n\n\nThe Company’s 100%-owned Australian subsidiary MGA has commissioned a consultant to complete the following work in order to better understand the potential prospectivity of the Windidda project and the depth of cover:\n\n\n\nReview and assessment of all historical activity reports for relevant areas to the south of the Windidda project, including reports filed by North Ltd, BHP/Western Mining Corporation and Rox Resources Ltd.\n\n\nModelling of newly identified airborne gravity data which partially covers two of the Windidda exploration licence applications. This data is additional to that modelled last year (see announcement dated 15 October 2019), and the results can be assessed and related to the previous...