Iceberg?!!!9 Mar 2019 11:08
3rd August 2018 " will be completed during the coming weeks"
Iceberg Gold Project – Due Diligence Update
ECR Minerals plc (LON:ECR) the precious metals exploration and development company is pleased to provide an update regarding due diligence work being undertaken by the Company in respect of the Iceberg Gold Project, Western Australia.
On 3 August 2018 the Company announced an Option Agreement in respect of the Iceberg Gold Project.
The original Option Agreement provided a 60 day option period during which due diligence work could be undertaken. ECR have appointed CSA Global, Mining Industry Consultants, to conduct a thorough review of the project and its underlying documentation.
Recognising the substantial historical project data supplied by the vendors, for which the Company is grateful, both parties have agreed to extend the Option period by 30 days at no additional cost to allow a thorough review of the information supplied to be undertaken.
ECR is working well with the vendors, Pacific Trends Resources Pty Limited and anticipate the due diligence work of the Company, and its advisors, will be completed during the coming weeks