Last checked at 8 Nov 2016 07:11
AIM: ECRUS OTC: MTGDY
ECR MINERALS plc(“ECR” or the “Company”)DIRECTORATE CHANGE
LONDON: 8 NOVEMBER 2016 - The directors of ECR Minerals plc are pleased to announce the appointment of Ivor William Osborne Jones (aged 57) as an executive director of the Company with immediate effect.
Ivor Jones is a geologist with 30 years’ experience in the industry and is currently practising as an independent consultant based in Australia. Mr Jones holds a BSc (Hons) in Geology from Macquarie University and an MSc in Resource Evaluation from the University of Queensland. He is a Fellow and Chartered Professional (Geology) of the Australian Institute of Mining & Metallurgy (AusIMM) and a Member of the Joint Ore Reserves Committee (JORC).
Mr Jones has extensive expertise in all aspects of geology, including project evaluation, resource estimation and the preparation of JORC and NI43-101 reports, across both precious and base metals. His previous roles have included numerous positions with leading consultancy Snowden Mining Industry Consultants (“Snowden”), including as Group General Manager of Geosciences from 2009 until 2014. Mr Jones has also held positions at operating mines, including as Manager of Mine Geology at the Leinster Nickel Operations of WMC Resources Ltd in Western Australia, and as Group Resource Geologist for Anvil Mining Ltd with operations in the Democratic Republic of Congo. He has experience of working in Australia, Africa, North and South America, Europe and the Philippines.
Craig Brown, Chief Executive Officer of ECR, commented:
“I am delighted that Ivor has joined our team. I have known him professionally since 2004 and have great confidence in his abilities, particularly as a resource geologist. While working for Snowden, Ivor assisted Kryso Resources plc in converting an historically small gold resource under the Soviet code into a five million ounce Mineral Resource reported using the JORC code.
Ivor’s extensive experience and exceptional geological knowledge, particularly in Australia, will be invaluable to ECR as we concentrate on maximising the value of the Company’s existing projects in Australia, Argentina and the Philippines, whilst also considering new opportunities.”
Additional Information Required by AIM Rule 17
Pursuant to Rule 17, Schedule Two (g) of the AIM Rules, the following information is disclosed in respect of Ivor Jones:
| Current Appointments | Appointments in the last 5 years | ||
| Mercator Gold Australia Pty Ltd1 | - | ||
| Denny Jones Pty Ltd | |||
| 1 A subsidiary of ECR Minerals plc | |||
There is no other information regarding Mr Jones required to be disclosed under the AIM Rules.
ABOUT ECR
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has acquired 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia. ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR’s website.
ECR’s wholly owned subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0)20 7929 1010 |
| William (Bill) Howell, Non-Executive Chairman | |
| Craig Brown, Director & CEO | |
| Email: info@ecrminerals.com | |
| Website: www.ecrminerals.com | |
| Cairn Financial Advisers LLP | Tel: +44 (0)20 7213 0880 |
| Nominated Adviser | |
| Emma Earl / Jo Turner | |
| Optiva Securities Ltd | Tel: +44 (0)203 137 1902 |
| Joint Broker | |
| Graeme Dickson / Jeremy King | |
| Vicarage Capital Ltd | Tel: +44 (0)20 3651 2910 |
| Joint Broker | |
| Rupert Williams / Jeremy Woodgate | |
| Blytheweigh | Tel: +44 (0)20 7138 3204 |
| Public Relations | |
| Tim Blythe / Camilla Horsfall / Nick Elwes |
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such statements may be subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward looking statements as a result of new information, future events or for any other reason.
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