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CORRECT: ECR Minerals Says New Drill Rig To Speed Up Exploration

Mon, 23rd Nov 2020 07:34

(Correcting the two projects are in Victoria, not South Australia.)

ECR Minerals PLC - mineral exploration and development focused on Australia - Announces that Australian subsidiary Mercator Gold Australia Pty Ltd has received its new diamond drill rig and has established a new operational base in Bendigo, in the southern state of Victoria. Says the new drill rig will accelerate the company's speed of exploration. Says all necessary permissions are in place for drilling at the HR3 prospect at the Bailieston gold project, also in Victoria. Says soil geochemistry and geological mapping completed at the Cherry Tree prospect in the Baillieston project area.

Current stock price: 1.88 pence

Year-to-date change: up sharply from 0.73p on December 31

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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