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Pin to quick picksECR Minerals Share News (ECR)

Share Price Information for ECR Minerals (ECR)

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Share Price: 0.27
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Change: 0.005 (1.89%)
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ECR Minerals pleased with progress at Creswick Project

Fri, 21st Jun 2019 10:32

(Sharecast News) - ECR Minerals updated the market on a recent site visit undertaken by its chief executive officer at the Creswick Project in Victoria, Australia on Friday, reporting that the internal modelling undertaken by its technical team had identified that the Dimocks Main Shale at the Creswick Gold Project was - subject to further exploration and positive drill results - potentially large enough to host a multi-million ounce gold deposit;The AIM-traded firm had announced on 11 June that detailed testing of sample bags for gold content, from the recently-completed reverse circulation drilling programme, was now well underway, with the board adding that it would announce results as appropriate.It said it had mobilised its technical team and advisers to site to review the prospective areas, conduct certain additional exploration work and to plan proactively for development of the project.The work programme had produced "visible fine gold in pan samples" from gold panning in the vicinity of recent drill hole locations, the company claimed.Geological reconstruction and interpretation by the ECR technical team was revealing the "complex geology" of the folded and faulted Dimocks Main Shale, to explain the "significant width" of quartz zones extending over 60 metres and beyond the 25 metre Dimocks Main Shale, ECR added.The company said it had rented a large aircraft hangar and house at Nagambie for the sample storage, and supervised preparation and drying of bulk samples.Additionally, it confirmed it had purchased large laboratory equipment for that purpose.The ECR technical team was said to be examining ways to further expedite bag testing and ground exploration, and also to optimise the gathering of information in a manner that would support, if applicable, the quantification of a JORC-compliant resource.ECR said it expected to provide additional information in respect of the Creswick Gold Project in the near-term, including the appointment of a specialised resource geologist to assist with project development and resource quantification."Given the recent results and the potentially company transformational nature of Creswick, I was very pleased with my site visit and our positive progress on all fronts," said chief executive officer Craig Brown."Discussions with our advisors have demonstrated the significant potential of the project and we will continue to move our work programmes forward as aggressively as possible."Subject to the ongoing results of our work, and assuming positive exploration outcomes, we are seeking to rapidly advance Creswick toward a JORC compliant resource."Brown said the company had been "thorough" in its planning, including the development of the sample testing programme, with that expected to provide a solid foundation for the further advancement of Creswick."I believe that this project at Creswick subject to further exploration and positive drill results will add significant value for shareholders."I would like to thank our team and partners for all their work and progression on this major project."I look forward to providing further project updates as they become available for our shareholders."
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10 Jan 2024 11:57

ECR Minerals receives samples showing gold mineralisation at Lolworth

(Alliance News) - ECR Minerals PLC on Wednesday said it has received samples from its Lolworth Project in Queensland, as it looks to plan the next phase of its exploration.

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18 Dec 2023 15:56

ECR Minerals agrees to sell two non-core assets, plans further sale

(Alliance News) - ECR Minerals PLC on Monday said its subsidiary Mercator Gold Australia Pty Ltd agreed to sell two "under-utilised" non-core assets, while it plans another sale.

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12 Dec 2023 11:46

ECR Minerals begins drilling at Creswick gold project in Australia

(Alliance News) - ECR Minerals PLC on Tuesday said that drilling had commenced at its Creswick gold project in central Victoria, Australia.

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11 Dec 2023 11:50

IN BRIEF: ECR Minerals hires contractor for Creswick drilling

ECR Minerals PLC - Australia-focused mineral exploration and development company - Says its subsidiary Mercator Gold Australia Ltd has engaged a drilling contractor to undertake ECR's proposed drilling programme at the Creswick gold project in central Victoria. Campaign will focus on the Kuboid Hill and Davey Road prospect locations, at which previous soil analysis and rock chip sampling tests have found evidence of gold. Company says all necessary permits and drilling permissions have been submitted, and that once the "simple procedural step" of gaining right of access to the site is complete it expects drilling to start "very shortly", most likely by the end of the year. ECR plans to complete approximately 1,200 metres of reverse circulation drilling in total around ten to 12 Creswick locations. Assay results should become available midway through the first three months of 2024, allowing for laboratory closures over the Christmas holiday period.

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20 Nov 2023 14:43

ECR Minerals celebrates as Lolworth samples suggest mineralisation

(Alliance News) - ECR Minerals PLC on Monday touted the latest results from pan concentrate stream samples at its Lolworth project in North Queensland, which it said suggest extended mineralisation.

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16 Nov 2023 21:08

IN BRIEF: ECR Minerals plans drilling at Victoria assets

ECR Minerals PLC - Australia-focused mineral exploration and development company - Says it is encouraged by drilling intercepts by Southern Cross Gold Ltd in Victoria, and recommencement of exploration by Falcon Metals Ltd north of Bendigo. As a result, says it will re-evaluate gold assets at Creswick and Bailieston. Notes that it is negotiating pricing with a drilling company, and aims to begin drilling before the Christmas holiday period.

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31 Oct 2023 14:23

TRADING UPDATES: Amaroq wins two new exploration licences in Greenland

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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23 Oct 2023 13:16

ECR Minerals finds gold in Lolworth project exploration in Australia

(Alliance News) - ECR Minerals PLC on Monday noted encouraging gold results from outcrop mapping and sampling at its Lolworth project in north Queensland, Australia.

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20 Oct 2023 18:32

ECR Minerals terminates option to buy Hurricane project

(Alliance News) - ECR Minerals PLC on Friday said it has terminated its option to buy the Hurricane project.

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5 Oct 2023 12:10

ECR Minerals receives rock sample results from Hurricane project

(Alliance News) - ECR Minerals PLC on Thursday said it has received final rock chip results for 224 samples from the Hurricane project in North Queensland, Australia.

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2 Oct 2023 14:33

TRADING UPDATES: ECR Minerals extends option acquire Placer Gold

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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29 Sep 2023 15:47

UK shareholder meetings calendar - next 7 days

Monday 2 October 
no events scheduled 
Tuesday 3 October 
Equals Group PLCGM re capital reduction approval
Haydale Graphene Industries PLCGM re capital reorganisation
Wednesday 4 October 
Alien Metals LtdAGM
Black Sea Property PLCAGM
TheWorks.co.uk PLCAGM
Thursday 5 October 
Afentra PLCGM re Azule acquisition
Capricorn Energy PLCGM re return on cash to shareholders
Henderson Smaller Cos Investment Trust PLCAGM
Novacyt SAAGM
Sportech PLCGM re cancellation and re-registration as PLC
Friday 6 October 
Caracal Gold PLCGM re capital raise
ECR Minerals PLCGM re approval of subscription
Pendragon PLCGM re UK Motor and PVM sale
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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27 Sep 2023 16:06

TRADING UPDATES: ECR Minerals submits exploration licence in Australia

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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25 Sep 2023 12:03

ECR Minerals "excited" by new discoveries at Lolworth project

(Alliance News) - ECR Minerals PLC on Monday said it has identified numerous gold, niobium and rare-earth elements discoveries within the Lolworth project, in North Queensland, Australia.

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18 Sep 2023 20:27

IN BRIEF: ECR Minerals raises GBP580,000 via fundraise

ECR Minerals PLC - Australia-focused mineral exploration and development company - Raises GBP580,000 via conditional fundraise, issuing 331.4 million new shares at 0.175 pence each. The subscription has been agreed "with high net work individuals and institutional investors," company says. Expects admission of new shares to occur around October 10, subject to approval at a general meeting with a date yet to be announced. Managing Director Nick Tulloch says: "The board anticipates that, if approved, the funds raised will primarily be allocated to fast track ECR's Queensland projects, plus there are a number of new opportunities on the table that the board may decide to progress once the appropriate due diligence has been undertaken. Along with my board colleagues, I look forward to reporting further progress very shortly."

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