REG-ECR Minerals plc Drilling Commences at Itogon Gold Project, Philippines <Origin Href="QuoteRef">ECRE.L</Origin>

ECR MineralsAnnouncement

28/01/2015 02:09

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LONDON--(Business Wire)--


ECR MINERALS plc

("ECR Minerals", "ECR" or the "Company") 

AIM: ECR 

US OTC: MTGDY 

DRILLING COMMENCES AT ITOGON GOLD PROJECT, PHILIPPINES

LONDON: 22 JANUARY 2015 - ECR Minerals plc is pleased to announce that the
second phase of drilling by the Company at the Itogon gold project, Philippines
commenced today. ECR is the operator of the Itogon project and has the right to
earn a 50% interest therein. The objectives of the drilling programme were
summarised in the Company`s announcement dated 22 December 2014. 

Stephen Clayson, Chief Executive Officer of ECR, commented:

"2014 was a full year of exploration by ECR at the Itogon project, and the
results have demonstrated that epithermal gold mineralisation is widespread
within the main prospect area, comprising at least three subparallel mineralised
structures over a strike length of 400m within a zone up to 250m wide at
surface. Our first phase of drilling, which was completed in April 2014, as well
as multiple phases of sampling within artisanal workings, indicates that the
mineralisation occurs over a vertical extent of 250m, and remains open at depth.


The Itogon project is located within an established mining district in the
Philippines, which is a country with an important mining industry and, in
general, a relatively low cost of operations. Grid power is available close to
the project, and the area is easily accessible by sealed and unsealed roads from
Baguio City some 15km distant. 

It is intended that the programme of diamond drilling now underway will answer
key geological questions with regard to the mineralised structures identified to
date, and evaluate the continuity of grade in the mineralised zones intercepted
by previous drilling. These zones include a surficial zone of supergene
enrichment, prior intercepts from which include 16m at 17.14g/t gold from 1m
(with 2m at 119.53 g/t gold from 8-10m) in drill hole ERC008 and 30m at 1.63g/t
gold from surface in drill hole ERC004. 

Also worthy of follow up are deeper intercepts including 33m at 1.13g/t gold
from 86m in drill hole ERC006, 7m at 5.33g/t gold from 138m (with 2m at 15g/t
gold from 138m) in drill hole ERC005, and, in hole ERC002, 15m at 3.29g/t gold
from 82m (with 2m at 18.25g/t from 92m) plus 17m at 1.57g/t gold from 101m (with
3m at 5.45g/t gold from 103m). In addition, there may be scope for the current
programme to identify new mineralised structures." 

Drilling results contained in this news release are extracted from the Company`s
new release dated 29 May 2014 and should be read in conjunction therewith. All
widths given in this news release are apparent width. 

ABOUT ECR

ECR is a mineral exploration and development company with, among other
interests, the right to earn a 50% interest in the Itogon gold project in the
Philippines. Itogon is an advanced exploration project located in a gold and
copper mining district in the north of the Philippines. 

ECR has a 100% interest in the SLM gold project in La Rioja Province, Argentina,
the exploration strategy for which is to delineate multiple medium to high
grade, low tonnage deposits suitable for advancement to production on a
relatively low capital, near term basis. 

ECR continues to review potential new investments on a highly selective basis,
with a concentration on precious, base and strategic metals projects in Asia and
South America. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
 
 ECR Minerals plc                              Tel: +44 (0)20 7929 1010  
 Paul Johnson, Non-Executive Chairman                                    
 Stephen Clayson, Director & CEO                                         
 Richard (Dick) Watts, Technical Director                                
                                                                         
 Email: info@ecrminerals.com                                             
 Website: www.ecrminerals.com                                            
                                                                         
 Cairn Financial Advisers LLP                  Tel: +44 (0)207 148 7900  
 Nominated Adviser                                                       
 Jo Turner/Liam Murray/Emma Earl                                         
                                                                         
 Daniel Stewart & Company plc                  Tel: +44 (0)20 7776 6550  
 Broker                                                                  
 Colin Rowbury                                                           
                                                                         
 
 
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. 
 
ECR Minerals plc 

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