Presentation 28 Jan26 Jan 2017 12:39
Highlights:
Wednesday 09 November, 2016
-Proposed reverse circulation drilling programme of approximately 550 metres to test prospects within the Byron area at the Bailieston project (EL5433)
-Bailieston programme anticipated to commence by early 2017
-Re-evaluation of the exploration potential at Avoca – now targeting nine high-grade hard-rock targets
-Continuing to progress applications for two new Exploration Licences in Victoria
Craig Brown, Chief Executive Officer of ECR, commented:
“Having recently visited the Avoca and Bailieston projects, I was impressed by the ease of access to the prospects, the obvious indications of significant historical mining activity, and the continued high level of interest and activity in the Victorian gold mining sector. This impression has been further reinforced by the recently announced merger between Newmarket Gold and Kirkland Lake Gold; the former has two operating gold mines in Victoria, including the Fosterville mine, which is located approximately 30 kilometres away from ECR’s Bailieston project.
“Given these positive indications and the historical dataset in our possession, we have decided to carry out a drilling programme at selected targets at both Avoca and Bailieston to advance these projects.
Chairman's Interview: on strong footing, focus on gold project in Australia Watch TIP TV's interview with ECR's Chairman, Bill Howell, at London Mines & Money 2016 at: http://bit.ly/2hYsagi