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ECR Minerals PLC - Australia-focused gold exploration company - Provides additional results from its 2024 drilling programme at the Davey Road site of its Creswick gold project in central Victoria, Australia. Results show "significant increase in gold grades overall", and the best result is now 41.03 grams of gold per tonne over one metre. ECR says bulk sample results show contiguous gold over multiple metres, and indicate both greater prevalence and higher grades of gold. Adds that Davey Road drilling was completed on time and within budget, and the second phase of drilling is now underway at the Kuboid Hill site.
Managing Director Nick Tulloch says: "These results at Davey Road are very promising indeed...The higher grades now being indicated support our view that Creswick has the potential to become a very significant asset for our company."
Current stock price: 0.28 pence, up 15% in London on Monday
12-month change: down 65%
By Emma Curzon, Alliance News reporter
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