REG-ECR Minerals plc New Exploration Tenements EL006911 and EL006912 granted at Bailieston, Victoria

ECR MineralsAnnouncement

13/12/2022 14:00

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New Exploration Tenements EL006911 and EL006912 granted at Bailieston,
Victoria

 

ECR MINERALS plc

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

New Exploration Tenements EL006911 and EL006912 Granted at Bailieston,
Victoria

ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia, is pleased to announce two new exploration tenements
have been granted to ECR’s wholly owned subsidiary Mercator Gold Australia
Pty Ltd (“MGA”) at Bailieston, Victoria, Australia.

HIGHLIGHTS


 * Two new exploration tenements (EK006911 and EL 006912) adjacent to EL5433 have
been formally granted to ECR’s wholly owned subsidiary MGA.

 * Total exploration land package at Bailieston (EL5433, EL006911, EL006912) now
totals 179 square kilometres.

ECR CEO Andrew Haythorpe commented: “I am delighted to report that we have
finally been able to secure these long-awaited exploration licenses. The two
tenement packages add what we consider to be a significant new dimension to
the exploration potential at Bailieston, and with our planned exploration
activities in Victoria and N Queensland funded from our recent fundraise, we
are entering a busy and potentially productive period in our evolution as a
Company.”

The location of ECR Minerals plc new Bailieston tenements can found at the
following link:

Figure 1:
https://www.ecrminerals.com/images/2022/fig1_EL006911-EL006912_Granted_131222.png
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2022%2Ffig1_EL006911-EL006912_Granted_131222.png&esheet=53054066&newsitemid=20221213005759&lan=en-US&anchor=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2022%2Ffig1_EL006911-EL006912_Granted_131222.png&index=1&md5=4829119914b20981f8d6b5cda4c32bff)

Exploration tenements EL006911 and EL006912 were applied for on 25(th) January
2019 and were formally granted to ECR’s wholly owned subsidiary MGA by the
Victorian Government on 8 December 2022. Both tenements have been granted for
a five-year term. ECR is required to commit a minimum expenditure of $85,500
AUD on EL006911 and $155,850 AUD on EL006912 over the term of the licence.
Initial ground activities such as mapping, soil and rock chip sampling will
commence in the new year.

EL006911 adjoins the historic gold mining area known as the ‘Old Black
Cat’. EL006912 adjoins EL5433 immediately on the western side of the HR3
Goldfield and Blue Moon prospects. Gold and Antimony prospects lie within the
tenements.

ECR is still awaiting the granting of EL007296 which was applied for earlier
this year, and which will complete the Bailieston exploration package.

ECR Minerals total granted Victorian exploration package now totals 610 square
kilometres.

Table 1: ECR Minerals current exploration tenements (granted and applied),
Victoria, Australia (as of December 2022)
 Tenement  Name            Granted                Expiry            Area (km(2))  
 EL5433    Bailieston      28/03/2013             27/03/2023        23            
 EL006184  Old Creswick    29/12/2016             *Renewal applied  45            
 EL006907  South Creswick  26/11/2021             25/11/2026        81            
 EL007484  Boucher Town    26/11/2021             25/11/2026        374           
 EL006911  Graytown 1      5/12/2022              4/12/2027         10            
 EL006912  Graytown 2      8/12/2022              7/12/2027         77            
 EL006713  New Creswick    in application                           (66)          
 EL007296  Wirrate         in application                           (32)          
 EL007486  Ramrod Creek    in application                           (322)         
 EL007537  Ballarat        Competing application                    (138)         
                                                  TOTAL granted     610           


(*) notes exploration application area in square kilometres.

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=53054066&newsitemid=20221213005759&lan=en-US&anchor=www.ecrminerals.com&index=2&md5=f8f449769409b9d062bb940fb5461fb8)                                                                         
                                                                                                                                                                                                                                                                                               
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 SI Capital Ltd                                                                                                                                                                                                                                              Tel: +44 (0) 1483 413500          
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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 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 70% 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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