REG-ECR Minerals plc Drilling to Commence at Itogon Gold Project in January 2015 <Origin Href="QuoteRef">ECRE.L</Origin>

ECR MineralsAnnouncement

22/12/2014 10:41

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20141222:nBw225207a 
 
LONDON--(Business Wire)--


ECR MINERALS plc

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

AIM: ECR 

US OTC: MTGDY 

DRILLING TO COMMENCE AT ITOGON GOLD PROJECT IN JANUARY 2015

LONDON: 22 DECEMBER 2014 - ECR Minerals plc is pleased to announce that a
programme of diamond drilling will commence on or about 15 January 2015 at the
Itogon gold project in Benguet Province, northern Philippines. ECR is the
operator of Itogon and has the right to earn a 50% interest in the project. 

The drilling programme has been designed in view of the results of the reverse
circulation (RC) drilling completed at Itogon by ECR`s contractors in April
2014, and with the benefit of the extensive surface and underground mapping and
sampling that has taken place at the project since the earlier phase of
drilling. 

The programme is primarily intended to provide information as to the orientation
of the interpreted mineralised structures, the extent of near surface supergene
enriched zones, and the continuity of certain zones of mineralisation
intercepted by the RC holes. 

Particular objectives of the seven diamond holes planned are summarised below.
All the holes will be drilled at -60 degrees declination on an azimuth of 45
degrees. 

Plan 001: target depth 200m, to be collared SW of ERC008 

To follow up the near surface high grade intercept in ERC008 (16m at 17.14g/t
gold from 1m, with 2m at 119.53 g/t gold from 8-10m); to test for other
mineralised structures at depth. 

Plan 008: target depth 110m, to be collared SW of ERC003 

To follow up intercepts in ERC003 including 14m at 0.66g/t gold from surface and
11m at 1.46g/t gold from 88m (with 2m at 4.55g/t gold from 95m). 

Plan 012: target depth 170m, to be collared SW of ERC006 

To follow up the wide low grade intercept in ERC006 (33m at 1.13g/t gold from
86m); to test for other mineralised structures at depth. 

Plan 015: target depth 150m, to be collared SW of ERC004 

To test a mineralised zone on the western edge of the main prospect area which
has yet to be drilled and to follow up the high grade intercept at depth in
ERC004 (2m at 9.43g/t gold from 64m). 

Plan 025: target depth 130m, to be collared NE of ERC002 

To follow up the wide intercepts at depth in ERC002 (15m at 3.29g/t gold from
82m, with 2m at 18.25g/t from 92m; and 17m at 1.57g/t gold from 101m, with 3m at
5.45g/t gold from 103m). 

Plan 031: target depth 130m, to be collared NE of ERC005 

To follow up the high grade intercept of 7m at 5.33g/t gold from 138m (with 2m
at 15.00g/t gold from 138m) in ERC005. 

Plan 032: target depth 100m, to be collared NE of ERC006 

To follow up the wide low grade intercept in ERC006 (33m at 1.13g/t gold from
86m); to test for other mineralised structures at depth. 

The above holes total 990m of drilling based on their target depths. Holes
judged to have met their geological objectives may be terminated early, and if
sufficient budgeted metres remain, an additional hole may be drilled. 

A map showing the locations of the RC drill holes drilled in April 2014 may be
viewed at: 

http://www.ecrminerals.com/itogon-project-phase1-drilling-map

This map was originally published on 29 May 2014. 

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. 

Stephen Clayson, Chief Executive Officer of ECR, commented:

"ECR`s second phase of drilling at the Itogon project will be a crucial one. The
results of the first phase were encouraging but, but as would be expected of a
first pass programme, left a number of geological questions unanswered. It is
hoped that this second phase will enable a geological interpretation for the
main prospect area at Itogon to be set out with confidence. That interpretation
would then guide decisions regarding further work. 

The second phase had been planned to commence during the final quarter of 2014,
but additional time to consider the exploration data generated by ECR to date
was deemed necessary before the programme could be finalised. Management and
technical personnel also devoted considerable time to the review of potential
new projects during Q4 2014." 

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 

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 

Copyright Business Wire 2014