RE: RNS Lolworth Exceeds expectations8 Aug 2023 07:57
Latest Results for Lolworth Gold, Niobium, Tantalum and REE Pan Concentrate Stream Samples
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the first batch of results for follow-up pan concentrate stream sampling targeting Gold, Niobium, Tantalum and REE at the Lolworth Project, Queensland.
ECR Minerals plc has 100% ownership of three exploration tenements (EPM27901, EPM27902 and EPM27903), which covers the Lolworth Range, located 120km west of the famous gold district of Charters Towers. Previous exploration campaigns from 2021 have identified the presence of Gold (Au), Niobium-Tantalum (Nb-Ta) and REE mineralisation within the licenced area. The project is being explored under ECR’s Australian wholly owned subsidiary Lux Exploration Pty Ltd (“LUX”).
HIGHLIGHTS
A total of 200 results for pan concentration stream samples from the first part of the 2023 field season have been received.
Gold pan concentrates with results up to 594 ppm and multiple occurrences of visible gold have been recorded around the Reedy Creek area.
28 out of 200 samples show values greater than 500 ppm in Niobium, and these results continue to add to the Board’s confidence that we are zeroing in on the source rocks and a potentially significant discovery.
Rare Earth Element (Neodymium) has also been identified over a broad area of the project area with 19 out of the 200 samples greater than 1000ppm Nd.
CEO Andrew Haythorpe commented: “Putting aside the fact today’s results add a further significant piece to the Lolworth jigsaw, the progress announced today also serves to illustrate the painstaking and methodical work by Adam Jones and the field team in mapping and logging a hitherto virtually untouched and unexplored area. The detail now provided by the numerous Gold, Niobium and Tantalum results generated from this work are enabling us to zero in on the sources and the high potential locations in order that we can delineate drill targets.”
“ECR’s Lolworth project continues to exceed expectations. Meanwhile we expect to report further results from our projects within a week.”
(Figure One) Map of the Lolworth Project area with locations of best Gold Prospects Identified to date on the Lolworth Project Area:
https://www.ecrminerals.com/images/2023/Fig1_Gold_Aug-2023.png
(Figure Two) Map of Gold results to date from the Reedy Creek area:
https://www.ecrminerals.com/images/2023/Fig2_Reedy-Ck_Aug-2023.png
(Figure Three) Overview map showing the values of Niobium and Neodymium across the Lolworth Project area:
https://www.ecrminerals.com/images/2023/Fig3_Nb-Ta-Nd_Aug-2023.png
FIRST PAN CONCENTRATE RESULTS FOR 2023
ECR has received 200 results from the first submitted batch of pan concentrate samples for the 2023 field season. A total of 628 pan concentrate samples have been taken since the beginning of exploration at the Lolworth Project in 2022,