How long will this take?14 Jan 2022 16:51
ECR Minerals PLC (AIM:ECR) said it applied to renew its exploration license EL006184 for an extended five-year term.
EL006184 covers land owned by one of ECR Minerals’ 100% owned Creswick projects and is operated by subsidiary company Mercator Gold Australia Pty Ltd.
EL006184 was central to MGA’s exploration strategy and activities during 2021, when it conducted the first ever diamond drill program within the area.
The renewal of EL006184 also complements the recently approved licence EL006907 sited south and along strike of the mineralised belt towards Ballarat, Victoria, which the directors believe hosts the source veining for much of the alluvial gold within the Creswick deep lead alluvial system.
Once the renewal is granted, the company expects to return to recommence work at Creswick, following completion of current operations at Bailieston, Victoria.
“We are pleased to report that ECR has completed the application to renew Creswick exploration license EL006184 for an extended five-year term,” said ECR chairman David Tang.
“Together with our recently approved licence EL006907 covering the Ballarat East Nerrina Goldfield, this area provides access to the Dimocks Main Shale strike zone, believed to host the source veining for much of the alluvial gold within the Creswick deep lead alluvial system.”
