REG-ECR Minerals plc Further Gold Results from Soil Sampling at Quartz Hill, Creswick
20/07/2023 15:15
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Further Gold Results from Soil Sampling at Quartz Hill, Creswick
ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)
Further Gold Results from Soil Sampling at Quartz Hill, Creswick
ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia, is pleased to announce newly received gold results from
soil sampling activities at license EL006184 (Creswick), Victoria, Australia.
ECR Minerals also has 100% ownership of two adjacent approved exploration
tenements (EL006713 and EL006907) at Creswick.
ECR CEO Andrew Haythorpe commented: “Although our current focus is on
developing our Lolworth and Hurricane projects in Queensland, Creswick remains
a key part of the ECR asset portfolio. I am delighted that the sampling work
undertaken by Adam and the team has identified two potential 100m gold
‘shoots’, with additional potential for further shoots along the DMS
strike and south towards Ballarat. We have planned a further visit to the
Quartz Hill area at Creswick for the field team once our scheduled work at
Hurricane and Lolworth in Queensland has been completed.”
“l look forward to reporting further findings from our asset portfolio in
the coming days and weeks.”
HIGHLIGHTS
* Results from soil sampling activities at Quartz Hill, Creswick have identified
two likely sources of gold mineralisation.
* Gold results in residual soils up to 0.3 ppm Au. Two anomalous ‘shoots’,
each approximately 100m long delineated.
* Exploration for other sources or ‘shoots’ further along strike is open to
the north and south of the area sampled.
Figures related to this announcement can be found here:
Figure One: Overview of the Creswick Project area and prospect locations:
Figure 1: https://www.ecrminerals.com/images/2023/Fig1_CQH_230721.png
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2023%2FFig1_CQH_230721.png&esheet=53470237&newsitemid=20230720220291&lan=en-US&anchor=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2023%2FFig1_CQH_230721.png&index=1&md5=587f9ec4f55b2338b07b457ec86488a8)
Figure Two: Soil sampling results for Creswick (Quartz Hill) showing results
(Au ppb), gold anomalies and historic gold workings.
Figure 2: https://www.ecrminerals.com/images/2023/Fig2_CQH_230721.png
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2023%2FFig2_CQH_230721.png&esheet=53470237&newsitemid=20230720220291&lan=en-US&anchor=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2023%2FFig2_CQH_230721.png&index=2&md5=3bc47eed584d21aa42e86100d0a1d7dd)
QUARTZ HILL SAMPLING
Quartz Hill is a ridgeline located 3km to the NW of ECR’s Brewery Lane
property (see Figure One above). The area is surrounded by historic alluvial
gold workings, some of which head to the base of Quartz Hill. A soil sampling
grid at a spacing of 15m x 15m was completed over the area to test up-hill for
potential sources of gold. The final results from this work have delineated
two possible sources of gold within the gridded area. These two anomalous
areas (also known as ‘shoots’), each cover a 100m area along strike. Two
historically mined alluvial gullies are sited adjacent to these two anomalies
and can be seen clearly on the map in Figure 2 above.
NEXT STEPS
Two historical adits (tunnels) lead underneath the gridded hill which the
Board believes will provide further opportunities for sampling of in-situ
veins when our field team returns to Creswick. Quartz Hill is located within
Crown Land to which ECR has full access to undertake any future drilling
campaigns. In the meantime, soil sampling activities will continue on an
ad-hoc basis at Creswick given that the Board’s primary focus is on building
the Company’s North Queensland exploration assets at Lolworth and Hurricane.
Nonetheless, Creswick is still considered an key asset within the ECR
portfolio.
PREVIOUS SOIL SAMPLING ACCOMPANYING PROJECT AREA
The results today compliment previously reported soil sampling results across
ECR’s Creswick tenements from exploration campaigns undertaken throughout
2021-2022. The primary focus at Creswick remains along strike at the Dimocks
Main Shale trend (DMS) and parallel mineralised systems which are believed to
extend south towards the historic mining centre of Ballarat. These mineralised
systems are also believed to be the source of the historic rich alluvial gold
(>70 tonnes) shed into the adjacent creeks and ancient river beds and mined
over the last century. Previous announcements regarding sampling along strike
of the mineralised trends can be found below:
* Davey Road Prospect - 22 December 2022
here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fxzjyylw&esheet=53470237&newsitemid=20230720220291&lan=en-US&anchor=here&index=3&md5=39dc35124df1c80f8175ade7ec0ae2b9)
* Bush Inn Road Prospect – 17 April 2023
here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fw3njddr&esheet=53470237&newsitemid=20230720220291&lan=en-US&anchor=here&index=4&md5=8bced605abca6f97952498c0339c55f4)
* Kuboid Hill and Mills Reef – 2 May 2023
here
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fxzjeglw&esheet=53470237&newsitemid=20230720220291&lan=en-US&anchor=here&index=5&md5=223e60979b475723bde16327063c2127)
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of
Exploration at 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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO
Email:
info@ecrminerals.com (mailto:info@ecrminerals.com)
Website: www.ecrminerals.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ecrminerals.com%2F&esheet=53470237&newsitemid=20230720220291&lan=en-US&anchor=www.ecrminerals.com&index=6&md5=92c8d6819e9e742041df69f04571812b)
WH Ireland Ltd Tel: +44 (0) 207 220 1666
Nominated Adviser
Katy Mitchell / Andrew de Andrade
SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited Tel: +44 (0) 20 7399 9425
Broker
Jon Belliss
Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green
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 six licence applications outstanding which includes
one licence application lodged in eastern Victoria. (Tambo gold project). MGA
is currently drilling at the Bailieston Blue Moon Project (EL5433) and
undertaking geochemical exploration on the Creswick (EL6148) project and has
an experienced exploration team with significant local knowledge in the
Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd
(“LUX”) which has three approved exploration permits covering 946 km(2)
over a relatively unexplored area in Queensland, Australia.
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 90% 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.
APPENDIX 1
Table 1. List of all gold results from the Creswick, Quartz Hill soil sampling
grid. Locations are listed in GDA94, Zone 54 co-ordinates. Gold results listed
in ppb and ppm where (1000 ppb = 1ppm).
SampleID Easting (GDA94, Zone 54) Northing (GDA94, Zone 54) Au (ppb) Au (ppm)
CQH001 757984 5856502 27 0.027
CQH002 757999 5856499 19 0.019
CQH003 758013 5856497 53 0.053
CQH004 758028 5856495 3 0.003
CQH005 758043 5856492 1 0.001
CQH006 758058 5856490 1 0.001
CQH007 758061 5856474 1 0.001
CQH008 758046 5856477 2 0.002
CQH009 758031 5856479 4 0.004
CQH010 758016 5856481 13 0.013
CQH011 758002 5856484 9 0.009
CQH012 757987 5856486 24 0.024
CQH013 757975 5856473 9 0.009
CQH014 757990 5856471 9 0.009
CQH015 758005 5856468 5 0.005
CQH016 758019 5856466 5 0.005
CQH017 758034 5856463 1 0.001
CQH018 758049 5856461 1 0.001
CQH019 758051 5856446 1 0.001
CQH020 758037 5856448 2 0.002
CQH021 758022 5856451 2 0.002
CQH022 758007 5856453 8 0.008
CQH023 757992 5856455 9 0.009
CQH024 757977 5856458 6 0.006
CQH025 757966 5856444 4 0.004
CQH026 757981 5856442 3 0.003
CQH027 757996 5856440 2 0.002
CQH028 758011 5856437 2 0.002
CQH029 758026 5856435 1 0.001
CQH030 758040 5856432 1 0.001
CQH031 758043 5856417 4 0.004
CQH032 758028 5856419 1 0.001
CQH033 758013 5856421 1 0.001
CQH034 757998 5856424 1 0.001
CQH035 757984 5856426 1 0.001
CQH036 757969 5856428 1 0.001
CQH037 757958 5856416 3 0.003
CQH038 757972 5856413 1 0.001
CQH039 757987 5856411 7 0.007
CQH040 758002 5856408 5 0.005
CQH041 758017 5856406 1 0.001
CQH042 758032 5856404 1 0.001
CQH043 758036 5856388 2 0.002
CQH044 758021 5856390 6 0.006
CQH045 758006 5856392 8 0.008
CQH046 757991 5856395 18 0.018
CQH047 757976 5856397 42 0.042
CQH048 757961 5856400 7 0.007
CQH049 757964 5856384 12 0.012
CQH050 757978 5856382 41 0.041
CQH051 757993 5856380 38 0.038
CQH052 758008 5856377 4 0.004
CQH053 758023 5856375 2 0.002
CQH054 758019 5856361 5 0.005
CQH055 758004 5856363 7 0.007
CQH056 757989 5856365 4 0.004
CQH057 757974 5856368 56 0.056
CQH058 757959 5856370 10 0.01
CQH059 757944 5856372 27 0.027
CQH060 757948 5856357 9 0.009
CQH061 757963 5856354 38 0.038
CQH062 757978 5856352 24 0.024
CQH063 757993 5856350 8 0.008
CQH064 758007 5856347 10 0.01
CQH065 758022 5856345 5 0.005
CQH066 758010 5856332 3 0.003
CQH067 757995 5856334 10 0.01
CQH068 757980 5856337 4 0.004
CQH069 757965 5856339 7 0.007
CQH070 757951 5856341 3 0.003
CQH071 757936 5856344 318 0.318
CQH072 757939 5856328 85 0.085
CQH073 757953 5856326 9 0.009
CQH074 757968 5856324 7 0.007
CQH075 757983 5856321 11 0.011
CQH076 757998 5856319 16 0.016
CQH077 758013 5856317 2 0.002
CQH078 758001 5856303 36 0.036
CQH079 757986 5856306 3 0.003
CQH080 757971 5856308 3 0.003
CQH081 757957 5856310 4 0.004
CQH082 757942 5856313 3 0.003
CQH083 757927 5856315 18 0.018
CQH084 757923 5856301 2 0.002
CQH085 757937 5856298 6 0.006
CQH086 757952 5856296 10 0.01
CQH087 757989 5856290 56 0.056
CQH088 758004 5856288 18 0.018
CQH089 757992 5856275 14 0.014
CQH090 757977 5856277 6 0.006
CQH091 757963 5856279 5 0.005
CQH092 757948 5856282 10 0.01
CQH093 757933 5856284 3 0.003
CQH094 757918 5856286 3 0.003
CQH095 757921 5856271 3 0.003
CQH096 757936 5856269 3 0.003
CQH097 757951 5856266 14 0.014
CQH098 757965 5856264 5 0.005
CQH099 757980 5856262 9 0.009
CQH100 757995 5856259 5 0.005
CQH101 757984 5856246 4 0.004
CQH102 757969 5856248 3 0.003
CQH103 757954 5856251 4 0.004
CQH104 757939 5856253 8 0.008
CQH105 757924 5856255 10 0.01
CQH106 757909 5856258 5 0.005
CQH107 757913 5856242 9 0.009
CQH108 757927 5856240 9 0.009
CQH109 757942 5856238 7 0.007
CQH110 757957 5856235 9 0.009
CQH111 757972 5856233 3 0.003
CQH112 757987 5856230 1 0.001
CQH113 757975 5856217 4 0.004
CQH114 757960 5856220 2 0.002
CQH115 757945 5856222 7 0.007
CQH116 757930 5856224 21 0.021
CQH117 757916 5856227 7 0.007
CQH118 757901 5856229 6 0.006
CQH119 757904 5856213 6 0.006
CQH120 757919 5856211 6 0.006
CQH121 757933 5856208 15 0.015
CQH122 757948 5856206 4 0.004
CQH123 757963 5856204 5 0.005
CQH124 757978 5856201 3 0.003
CQH125 757966 5856188 2 0.002
CQH126 757951 5856191 4 0.004
CQH127 757936 5856193 15 0.015
CQH128 757922 5856196 20 0.02
CQH129 757907 5856198 15 0.015
CQH130 757892 5856200 7 0.007
CQH131 757895 5856185 6 0.006
CQH132 757909 5856182 10 0.01
CQH133 757924 5856180 32 0.032
CQH134 757939 5856178 7 0.007
CQH135 757954 5856175 5 0.005
CQH136 757969 5856173 10 0.01
CQH137 757957 5856160 49 0.049
CQH138 757943 5856162 18 0.018
CQH139 757928 5856164 20 0.02
CQH140 757913 5856167 27 0.027
CQH141 757898 5856169 9 0.009
CQH142 757883 5856172 4 0.004
CQH143 757879 5856157 15 0.015
CQH144 757894 5856154 7 0.007
CQH145 757908 5856151 2 0.002
CQH146 757923 5856147 17 0.017
CQH147 757937 5856144 7 0.007
CQH148 757952 5856141 6 0.006
CQH149 757967 5856137 4 0.004
CQH150 757981 5856134 3 0.003
CQH151 757996 5856131 7 0.007
CQH152 758008 5856128 4 0.004
CQH153 758003 5856114 3 0.003
CQH154 757989 5856117 5 0.005
CQH155 757974 5856120 6 0.006
CQH156 757960 5856124 2 0.002
CQH157 757945 5856127 5 0.005
CQH158 757930 5856130 7 0.007
CQH159 757916 5856134 4 0.004
CQH160 757901 5856137 3 0.003
CQH161 757886 5856140 2 0.002
CQH162 757875 5856143 4 0.004
CQH163 757833 5856140 4 0.004
CQH164 757848 5856136 6 0.006
CQH165 757862 5856132 4 0.004
CQH166 757877 5856129 5 0.005
CQH167 757892 5856125 7 0.007
CQH168 757906 5856122 7 0.007
CQH169 757921 5856118 5 0.005
CQH170 757935 5856115 185 0.185
CQH171 757950 5856111 11 0.011
CQH172 757964 5856108 22 0.022
CQH173 757979 5856104 32 0.032
CQH174 757994 5856101 41 0.041
CQH175 758011 5856096 6 0.006
CQH176 757995 5856085 41 0.041
CQH177 757980 5856089 13 0.013
CQH178 757966 5856092 7 0.007
CQH179 757951 5856096 6 0.006
CQH180 757937 5856099 4 0.004
CQH181 757922 5856103 4 0.004
CQH182 757907 5856106 2 0.002
CQH183 757893 5856110 6 0.006
CQH184 757878 5856113 2 0.002
CQH185 757864 5856117 1 0.001
CQH186 757849 5856120 2 0.002
CQH187 757835 5856124 2 0.002
CQH188 757819 5856128 2 0.002
CQH189 757829 5856112 17 0.017
CQH190 757841 5856109 1 0.001
CQH191 757852 5856107 7 0.007
CQH192 757864 5856104 1 0.001
CQH193 757876 5856101 1 0.001
CQH194 757887 5856098 4 0.004
CQH195 757899 5856095 2 0.002
CQH196 757911 5856092 1 0.001
CQH197 757922 5856089 2 0.002
CQH198 757934 5856087 1 0.001
CQH199 757946 5856084 1 0.001
CQH200 757957 5856081 1 0.001
CQH201 757969 5856078 4 0.004
CQH202 757985 5856074 1 0.001
CQH203 757954 5856065 1 0.001
CQH204 757943 5856068 1 0.001
CQH205 757931 5856070 1 0.001
CQH206 757919 5856073 72 0.072
CQH207 757908 5856076 111 0.111
CQH208 757896 5856079 23 0.023
CQH209 757884 5856081 4 0.004
CQH210 757873 5856084 3 0.003
CQH211 757861 5856087 30 0.03
CQH212 757849 5856090 1 0.001
CQH213 757838 5856093 2 0.002
CQH214 757826 5856095 8 0.008
CQH215 757814 5856098 1 0.001
CQH216 757819 5856080 22 0.022
CQH217 757831 5856077 6 0.006
CQH218 757842 5856074 1 0.001
CQH219 757854 5856072 1 0.001
CQH220 757866 5856069 2 0.002
CQH221 757878 5856066 5 0.005
CQH222 757889 5856064 1 0.001
CQH223 757901 5856061 1 0.001
CQH224 757913 5856058 3 0.003
CQH225 757924 5856055 4 0.004
CQH226 757936 5856053 1 0.001
CQH227 757948 5856050 11 0.011
CQH228 757959 5856047 1 0.001
CQH229 757973 5856025 1 0.001
CQH230 757961 5856028 1 0.001
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