RE: ECR on fire. Delivering again12 Jul 2024 07:28
("ECR Minerals", "ECR" or the "Company")
Fire Assay Results Confirm High Grade Gold Photon Analysis Numbers at Tambo, Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to provide the fire assay gold results from the historic Duke of Cornwall Mine, Swifts Creek (Tambo), Victoria, Australia.
HIGHLIGHTS
● Fire assay of 37 rock chips at the Duke of Cornwall Lode improves earlier best result from photon analysis from 51.5 g/t Au to 52.2 g/t Au
● 10 Samples returned results above 5 g/t Au
● Additional gold results for 19 rock chips include more best results including 9.79 g/t Au, 8.55 g/t Au and 5.31 g/t Au
● The results fall within the 95% confidence interval indicating photon analysis does offer a reliable indication of fire assay results
Background to Photon Assay Analysis
As announced on 10 June 2024, ECR Minerals undertook an exploration campaign at its Eastern Victorian exploration tenement (EL007484) which included detailed mapping of historical gold workings and the collection of 56 rock chips and 84 soil samples at spaced intervals across and along strike of the known mineralisation. Initial testing of 37 rock chips using the Photon Assay method returned significant results with 8 samples showing gold concentrations exceeding 5 g/t Au, including a best result of 51.5 g/t Au.
Fire Assay Comparison
The Board has now received the gold and multi-element results for all 56 rock chip samples, analysed using both traditional Fire Assay and ME-ICPMS methods. In comparing the 37 Photon Assays to the Fire Assays, all samples are within a 95% confidence level. The largest variance observed between assay methods was 2.05 g/t Au in rock chip BTR054. It is acknowledged that gold results inherently exhibit some variance, as evidenced by duplicate and repeat testing for Au (refer to Table 1 below). A vein previously sampled in 2023, with a fire assay indicating 0.2 metres at 22 g/t Au, produced a photon analysis result consistent with expectations, measuring 24 g/t Au.
Sign In
Follow the stocks
