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UPDATE RE SIERRA DE LAS MINAS GOLD PROJECT, ARG...
UPDATE RE SIERRA DE LAS MINAS GOLD PROJECT, ARG....
About this update from Ecr Minerals Plc
[{"type":"text","content":"\n\n \n \n \n UPDATE RE SIERRA DE LAS MINAS GOLD PROJECT, ARGENTINA\n \n \n\n \n ECR Minerals plc\n \n \n\n \n \n \n ECR MINERALS plc\n \n \n (“ECR Minerals”, “ECR” or the “Company”)\n \n \n AIM: ECR\n \n \n US OTC: MTGDY\n \n \n UPDATE RE SIERRA DE LAS MINAS GOLD PROJECT, ARGENTINA\n \n \n LONDON: 12 NOVEMBER 2013\n \n \n ECR Minerals plc is pleased to provide the following update on the \n Sierra de las Minas (“SLM”) gold project in La Rioja Province, \n Argentina. ECR has 100% ownership of SLM.\n \n \n The Company has recently carried out a detailed review and \n reinterpretation of the exploration results obtained from SLM to date. \n The reinterpretation included 3D modelling of the results of drilling \n and underground sampling completed by ECR at the El Abra prospect within \n the SLM project area in 2012, which enabled a resource estimate to be \n generated for El Abra. This estimate does not comply with any Standard, \n as that term is defined by the AIM Rules for Companies, and will \n therefore not be publicly disclosed.\n \n \n The outcome of the review and reinterpretation has been deemed \n sufficiently encouraging for ECR to recommence significant exploration \n activity at SLM, planning for which is underway. Work will focus not \n just on El Abra but also on selected other prospects including Maestro \n Aguerro, VN2.5, Pits I-III, Casas Viejas and Corral-Carmincita. These \n other prospects will undergo systematic sampling of rock and soil \n material, followed by trenching and, if warranted, drilling.\n \n \n At El Abra, initial work will consist of trenching and the assay of \n further drill core samples from the Company’s 2012 drilling programme. \n Further drilling will follow, subject to the results of the initial \n programme.\n \n \n A regional stream sediment sampling programme will also be carried out \n with the objective of identifying new prospects within the SLM project \n area, which consists of numerous exploration and exploitation licences \n held by the Company’s Argentine subsidiary.\n \n \n ECR’s strategy for the SLM project remains to delineate a number of high \n grade low tonnage resources, preferably mineable by open cut. If \n successful, the Company’s objective thereafter will be to initiate \n mining and processing operations and commence gold production.\n \n \n The El Abra vein is on...