REG-ECR Minerals plc Creswick Exploration Licence Renewal Application EL006184

ECR MineralsAnnouncement

10/01/2022 07:05

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Creswick Exploration Licence Renewal Application EL006184

 

ECR MINERALS plc

(“ECR Minerals”, “ECR” or the “Company”)

Creswick Exploration Licence Renewal Application EL006184

ECR Minerals plc (LON: ECR), the gold exploration and development company
focussed on gold exploration in Australia, is pleased to announce that it has
submitted an application to renew current exploration license EL006184 for an
extended five-year term.

EL006184 covers land owned by one of ECR Minerals plc 100% owned Creswick
projects and is operated by its subsidiary company Mercator Gold Australia Pty
Ltd (“MGA”).

ECR Chairman David Tang commented: “We are pleased to report that ECR has
completed the application to renew Creswick exploration license EL006184 for
an extended five-year term. 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.”

“I look forward to providing further updates once our drill team and
equipment return to Creswick”

SUMMARY:


 * Initial tenure of EL006184 expired on the 28(th) December 2021. The
application renewal for the tenement for a further five-year term has been
submitted.

 * MGA has first right in securing and applying to renew the ground covered by
EL006184.

EL006184 has been a pivotal part of MGA’s exploration strategy and
activities during 2021. Work undertaken includes the first ever diamond drill
program conducted within the area, in addition to which MGA owns land and
property at 35 Brewing Lane, Springmount sited within the tenement area.
Exploration is scheduled to continue within MGA’s Creswick tenement area and
will include further work along the Dimock Main Shale strike zone which is
central to EL006184.

The renewal of EL006184 also complements 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 and
within the new license area after completion of current operations at
Bailieston, Victoria.

Further updates will be provided when the application has been processed.

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, a director of ECR Minerals
plc. Adam Jones is a professional geologist and is a Member of the Australian
Institute of Geoscientists (MAIG). He is a qualified person as that term is
defined by the AIM Note for Mining, Oil and Gas Companies.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 (MAR). Upon the publication of this announcement via
Regulatory Information Service (RIS), this inside information is now
considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:
 ECR Minerals plc                                                                                                                                                                                                                                        Tel: +44 (0) 20 7929 1010      
 David Tang, Non-Executive Chairman                                                                                                                                                                                                                                                     
                                                                                                                                                                                                                                                                                        
 Email:                                                                                                                                                                                                                                                                                 
 
                                                                                                                                                                                                                                                                                      
 info@ecrminerals.com (mailto:info@ecrminerals.com)                                                                                                                                                                                                                                     
 Website: www.ecrminerals.com                                                                                                                                                                                                                                                           
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ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly
owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has
100% ownership of the Bailieston and Creswick gold projects in central
Victoria, Australia, has eight licence applications outstanding including two
licence applications lodged in eastern Victoria. (Tambo gold project). MGA is
currently drilling at both the Bailieston (EL5433) and Creswick (EL6148)
projects and has an experienced exploration team with significant local
knowledge in the Victoria Goldfields and wider region.

https://mercatorgold.com.au/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmercatorgold.com.au%2F&esheet=52560012&newsitemid=20220109005034&lan=en-US&anchor=https%3A%2F%2Fmercatorgold.com.au%2F&index=2&md5=56bdff1da3f554733b5e5d45bf44a3e1)

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd
(“LUX”) which has three licence applications covering 900 km2 covering a
relatively unexplored area in Queensland, Australia.

https://luxexploration.com/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fluxexploration.com%2F&esheet=52560012&newsitemid=20220109005034&lan=en-US&anchor=https%3A%2F%2Fluxexploration.com%2F&index=3&md5=432e13037d4f4a6ee09f6ba87cbd789c)

Following the sale of the Avoca, Moormbool and Timor gold projects in
Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the
subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd
(TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up
to A$2 million in payments subject to future resource estimation or production
from projects sold to Fosterville South Exploration Limited.

ECR holds a 25% interest in the Danglay gold project; an advanced exploration
project located in a prolific gold and copper mining district in the north of
the Philippines, which has a 43-101 compliant resource. ECR also holds a
royalty on the SLM gold project in La Rioja Province, Argentina and can
potentially receive up to US$2.7 million in aggregate across all licences.



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ECR Minerals plc


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