RE: Excellent Update10 Sep 2024 07:29
Australia Projects Update
Up to 75.6g/t Gold Rock Chip Identified at Lolworth, Queensland
Maiden Diamond Drilling Program to Commence at Tambo Gold Project in Coming Weeks
Drilling Application Lodged to Follow up 32% Antimony Result At Bailieston, Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce an update on its gold and rare earths projects in Queensland and Victoria.
HIGHLIGHTS
Queensland
β Up to 75.6 g/t gold rock chip discovered at the Uncle Terry Prospect at the Lolworth Project
β Results expected from enhanced gold recovery process at the Blue Mountain Project
Victoria
β Planning for diamond drill programme to commence at the Tambo Gold Project in coming weeks
β Drilling application lodged to further investigate the potential at Bailieston given the recently announced exceptional Antimony results
Lolworth, Queensland
Two field teams have been working on site at the Company's Lolworth Project since early May 2024, where initial field work across several gold prospects in the Upper Gorge Creek showed promising signs, including visible gold in streams and hillsides.
First rock chip results now received from the Uncle Terry Prospect are encouraging, with samples of up to 75.6 g/t Au, 1.32 g/t Au and 1.29 g/t Au from a new mineralised quartz vein situated approximately 400m north-west from the main prospect. Follow-up mapping has traced the visible part of this outcrop for at least 100m in strike and ending in a quartz blow where Galena (Lead-Silver) is clearly visible. Numerous mineralised quartz shears at least 1m wide have been mapped over the entire Uncle Terry Prospect area. The main shear zone is showing to host Lead (Pb) and Silver (Ag) with best outcrop rock chips of 1.89% Pb and 11 samples greater than 5 g/t Ag, including two highlights of 272 g/t Ag and 69 g/t Ag. ECR's field teams are currently extending soil sampling to explore for hidden gold-bearing outcrops in the immediate vicinity.
The results for 378 rock chip samples covering all five gold prospects at the Lolworth Project are due in the coming weeks. Confirmation of the presence of further high-grade gold is expected, as samples anomalous in silver have been routinely sent to the laboratory for gold analysis. Silver has been identified as the strongest pathfinder element correlating to gold mineralisation at the Lolworth Project.