REG-ECR Minerals plc Two Mineralisation Corridors Identified in Hole BH3DD032 at Bailieston, Victoria
14/10/2022 13:15
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Two Mineralisation Corridors Identified in Hole BH3DD032 at Bailieston,
Victoria
ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)
Two Mineralisation Corridors Identified in Hole BH3DD032 at Bailieston,
Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused
on gold in Australia, is pleased to announce the final gold results from the
2022 drill program at the HR3 prospect at Bailieston.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which
contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black
Cat. The projects are operated by ECR’s Australian wholly owned subsidiary
Mercator Gold Australia Pty Ltd (“MGA”).
ECR CEO Andrew Haythorpe commented: “Some very encouraging grades have
emerged from these results, and in particular the average of 9.01g/t over 4m
at hole BH3DD043 could very likely result in follow up work, which is
supported by our Technical Director Adam Jones. We will now evaluate this full
dataset, decide on the next steps and report back in due course.”
“Drilling at Blue Moon is progressing and I look forward to reporting the
lab results back to you as soon as they arrive.”
HIGHLIGHTS
* Best results in BH3DD043 with a composited grade of 9.01 g/t Au over a drilled
width of 4 metres.
* Further results from the Maori Anticline include 1m @ 4.96 g/t Au (BH3DD042)
at a depth of 273m
* Multiple intersections along strike of the Scoulers Reef including 0.2m @ 9.22
g/t Au (BH3DD042), 0.5m @ 4.55 g/t Au (BH3DD037) and 1m @ 3.34 g/t Au
(BH3DD038)
A plan of the HR3 Goldfield and the location of this reported drilling with
the 10 ten intercepts can be found here:
Fig 1:
https://www.ecrminerals.com/images/2022/fig1_221015_Final_Drilling_Results_2022_HR3.png
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2022%2Ffig1_221015_Final_Drilling_Results_2022_HR3.png&esheet=52944970&newsitemid=20221014005257&lan=en-US&anchor=https%3A%2F%2Fwww.ecrminerals.com%2Fimages%2F2022%2Ffig1_221015_Final_Drilling_Results_2022_HR3.png&index=1&md5=752a87a710c08a57ade039e8e20720ce)
BACKGROUND TO DRILL PROGRAM
ECR Minerals have been drilling targets throughout 2022 on their Bailieston
tenements located in Victoria, Australia. Our drilling activity has been
predominantly within the HR3 Goldfield, focussed on the main NNW striking
gold-quartz mineralised systems including Byron Reef, Scoulers Reef and the
Maori Reef. Initial drilling by ECR in 2021 focussed on the Byron Reef and
indicated that gold mineralisation was not continuous (see RNS 1 below).
In early 2022 the focus shifted to the Maori Reef which is the most easternly
known vein system within the HR3 Goldfield. ECR geologists concluded that the
Maori Reef is hosted within an anticlinal fold now called the ‘Maori
Anticline’. Early drilling into this anticline has been successful (Holes
BH3DD009, BH3DD010 and BH3DD011). Drilling continued to follow the anticlinal
fold to the north and in depth with successful intersections in holes
BH3DD019, BH3DD012 and BH3DD034, which contained visible gold (see RNS dated
22 November 2021 for more details of these drill hole results, a link of which
is also set out below).
The reported drill results in this announcement are for the final drilling
completed to date at HR3 to follow up the best results adjacent to hole
BH3DD034 and include additional test drilling into the parallel quartz reef
systems. Drilling was completed at the end of July 2022. Final results have
just been received after long delays in laboratory turn-around due
predominantly to issues relating to the COVID-19 pandemic.
Previous Drill Results for HR3
Previously released drill results from HR3 include:
1. 22 December 2021 - BH3DD010, BH3DD011;
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/wkn801w
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fwkn801w&esheet=52944970&newsitemid=20221014005257&lan=en-US&anchor=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fwkn801w&index=2&md5=621a37caac7eb25dfa7440089f91dc05)
2. 23 December 2021 - Bailieston (HR3) Soil Sampling
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/rmzlq5w
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Frmzlq5w&esheet=52944970&newsitemid=20221014005257&lan=en-US&anchor=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Frmzlq5w&index=3&md5=3ba24a9ff9cec61c04fc354a3afc558b)
3. 14 March 2022 - BH3DD012, BH3DD034 (Visible Gold)
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/xeekpyx
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fxeekpyx&esheet=52944970&newsitemid=20221014005257&lan=en-US&anchor=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fxeekpyx&index=4&md5=34791970391fe24d3fdc08c56d47367f)
4. 22 April 2022 - BH3DD027 (Hard-Up Reef)
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/w0mnmnx
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fw0mnmnx&esheet=52944970&newsitemid=20221014005257&lan=en-US&anchor=https%3A%2F%2Fpolaris.brighterir.com%2Fpublic%2Fecr_minerals_plc%2Fnews%2Frns%2Fstory%2Fw0mnmnx&index=5&md5=ad968c19852220d7deb5299364053acd)
DETAILS OF FINAL DRILLING
A total of eight holes were drilled in this final stage of drilling, and a
summary of the work and associated results are set out below. Full details of
the drill results are set out at the end of this announcement:
BH3DD036
BH3DD036 was drilled underneath the north end of the Maori Reef at the point
where historical workings ended. The Maori Anticline was passed through at 92m
where the hinge faulted. The best result was 0.3m @ 0.28 g/t Au from 176m.
Drilling ended at a depth of 206.55m
BH3DD037
The drill team moved to the centre of the HR3 Goldfield to test the Scoulers
Reef near the surface. A selected number of the following drillholes were also
extended to test the Maori Anticline at depth. BH3DD037 drilled underneath the
coincidental reported soil ‘Anomaly C’ (see RNS dated 23 December 2021, a
link for which is above) and the location of earlier high-grade rock chips.
Drilling results show a broad zone of lower grade mineralisation (see Table 2
below). The best intersection was 0.5m @ 4.55 g/t Au from 33.6m which relates
to the Scoulers Reef. The hole ended at 115.8m.
BH3DD038
This hole drilled towards the east, passing through the Scoulers Reef at 27m
depth and the Maori Anticline at 280m depth. The best intercept was 1m @ 3.34
g/t Au from 27m. A speck of visible gold was noted in thin quartz veinlets at
175.8m, however this was not reflected in the sampled grade of (0.4m @ 0.42
g/t Au from 175.8m). Drilling ended at a depth of 308.5m.
BH3DD039
Hole BH3DD039 was drilled underneath soil anomaly ‘B’ as reported in
December 2021 (see RNS dated 23 December 2021, a link for which is above).
Despite the presence of anomalous gold, no significant results greater than 1
g/t Au where intersected. Best result was 1m @ 0.96 g/t Au from 62.7m. This
hole finished drilling at 140.8m.
BH3DD040
This hole was drilled towards the intersection of the Maori and Hard-Up Reef
at depth. The Maori Reef was intersected at 242.3m with a grade of 1.96 g/t Au
over a length of 0.35m. The best result from this hole was from the Scoulers
Reef with 0.4m @ 3.99 g/t Au from 13.6m depth. This hole ended at 275.1m
BH3DD041
Whilst drilling continued towards the east into the Maori Antcline and
Scoulers Reef, the decision was taken to drill a preliminary hole into the
Byron Reef to the south of the old Byron Mine (see figure 1 above) after
locating an exploration percussion hole from an earlier phase of exploration
in the 1980’s. Historical documentation showed the hole BLP140 had
previously yielded 3m @ 28 g/t Au from 33m. ECR’s drilling revealed the
presence of a major shear zone containing sulphide and quartz mineralisation
around 104m in depth. No significant gold was intercepted with the best result
being 0.4m @ 0.53 g/t Au from 64.6m. This hole finished at 139.8m
BH3DD042
This hole was intended to drill deep into the Maori Anticline underneath the
previous drilling of BH3DD017 and BH3DD012. The anticline was successfully
identified at 273m where mineralisation was sampled returning 1m @ 4.96 g/t
Au. The Scoulers Reef was also intersected in the upper portion of this hole
with an intercept of 0.2m @ 9.22 g/t Au from 41.1m drill depth. This hole
ended at 356.6m.
BH3DD043
Hole BH3DD043 was the last drill hole completed at HR3 this year. The hole was
intentionally drilled to intercept the Maori Anticline approximately 25m to
the immediate north of nearby drillholes BH3DD034, BH3DD035 and BH3DD019. The
best mineralisation drilled was identified in a footwall vein to the Maori
Anticline, with best intercepts beginning at a depth of 54m including 1m @
4.82 g/t Au followed immediately by adjacent high-grade intercepts of 1m @
5.54 g/t Au, 1m @ 9.79 g/t Au and 1m @ 15.91 g/t Au. This high-grade zone
represents a length-weighted composite grade of 4m @ 9.01 g/t Au. This is the
best length multiplied by grade intercept drilled to date in HR3. Drilling
ended at a final depth of 194.5m.
SUMMARY OF EXPLORATION
Drilling at HR3 throughout the 2021-2022 period has been largely successful.
Notable outcomes include:
1. Identifying the Maori Anticline as a major host to gold mineralisation at the
HR3 Goldfield.
2. Initial high-grade intercepts located underneath the Maori Reef,Hard-Up Reef
intersections.
3. Locating and testing gold mineralisation at depth and strike within the Maori
Anticline. An approximate strike length of 300m has now been initially
drilled. Mineralisation is open along strike to the north and south.
4. Exploration work during this period has also successfully identified a close
spatial relationship of high arsenic (Arsenopyrite) and high antimony
(Stibnite) ratios as pathfinders to gold mineralisation.
Table 1. Summary of the top ten drill intercepts containing reportable levels
of gold for holes BH3DD036-BH3DD043. Arranged by hole name and depth.
HOLE From (m) To (m) Interval (m) Au (g/t) gram metres*
BH3DD037 33.6 34.1 0.5 4.55 2.27
BH3DD037 40.6 41 0.4 3.61 1.45
BH3DD038 27 28 1 3.34 3.34
BH3DD040 13.6 14 0.4 3.99 1.60
BH3DD042 41.1 41.3 0.2 9.22 1.84
BH3DD042 273 274 1 4.96 4.96
BH3DD043 54 55 1 4.82 4.82
BH3DD043 55 56 1 5.54 5.54
BH3DD043 56 57 1 9.79 9.79
BH3DD043 57 58 1 15.91 15.91
*Gram metres represents the contained Au metal within the reported length,
calculated as interval (m) multiplied by grade (g/t Au)
Table 2. Drill intercepts for all reportable levels of gold above 0.1 g/t Au
for holes BH3DD036-BH3DD043.
*Gram metres represents the contained Au metal within the reported length,
calculated as interval (m) multiplied by grade (g/t Au)
BH3DD036
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres*
55 55.8 0.28 0.8 0.22
57 57.3 0.23 0.3 0.07
65.1 65.4 0.28 0.3 0.09
118.8 119.2 0.15 0.4 0.06
176 176.3 0.28 0.3 0.08
BH3DD037
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
4.7 5.7 1.81 1 1.81
5.7 6.7 1.69 1 1.69
9.5 9.7 0.12 0.2 0.02
11.5 11.8 1.25 0.3 0.38
12.25 12.7 0.61 0.45 0.27
16 16.6 0.26 0.6 0.15
16.6 17 0.51 0.4 0.20
17 17.5 0.68 0.5 0.34
28 29 1.26 1 1.26
29.75 30.25 2.63 0.5 1.31
30.8 31.8 0.17 1 0.17
31.8 32.3 1.97 0.5 0.98
32.3 33 2.50 0.7 1.75
33 33.35 0.79 0.35 0.28
33.6 34.1 4.55 0.5 2.27
35.1 35.5 0.27 0.4 0.11
35.5 36.5 2.92 1 2.92
36.5 37.5 1.38 1 1.38
37.5 38 2.82 0.5 1.41
38 38.5 0.42 0.5 0.21
38.5 39.5 0.58 1 0.58
39.5 40.2 0.37 0.7 0.26
40.2 40.6 1.31 0.4 0.53
40.6 41 3.61 0.4 1.45
41 42 1.03 1 1.03
42 43 0.23 1 0.23
71.8 72 0.15 0.2 0.03
72 72.6 0.17 0.6 0.10
72.6 72.8 0.50 0.2 0.10
72.8 74 0.53 1.2 0.63
74 75 0.22 1 0.22
75 76 0.57 1 0.57
76 77 0.69 1 0.69
94.5 95.5 0.32 1 0.32
95.5 96.5 0.46 1 0.46
97.5 98.2 0.13 0.7 0.09
105.55 106 0.24 0.45 0.11
109 110 0.21 1 0.21
BH3DD038
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
3.45 4.45 1.22 1 1.22
4.45 5 0.90 0.55 0.49
5 5.4 1.91 0.4 0.77
5.4 6 1.06 0.6 0.63
18 19 0.19 1 0.19
19 20 0.81 1 0.81
25 26 0.36 1 0.36
26 27 1.28 1 1.28
27 28 3.34 1 3.34
28 29 0.44 1 0.44
30 31 0.28 1 0.28
33.7 33.9 0.22 0.2 0.04
35.5 36.3 0.35 0.8 0.28
56.5 57.5 0.44 1 0.44
57.5 58 0.76 0.5 0.38
58 58.3 1.62 0.3 0.49
58.3 58.6 1.54 0.3 0.46
58.6 59 1.53 0.4 0.61
59 59.4 1.92 0.4 0.77
59.4 60.4 0.17 1 0.17
60.4 61.2 0.17 0.8 0.13
61.2 61.4 1.23 0.2 0.25
61.4 62.2 0.37 0.8 0.30
62.2 63 0.19 0.8 0.15
63 63.4 0.60 0.4 0.24
66.3 66.8 0.26 0.5 0.13
66.8 67.4 0.82 0.6 0.49
67.4 68.2 0.81 0.8 0.65
170.6 170.9 0.18 0.3 0.06
170.9 171.9 0.18 1 0.18
173.5 174.4 0.59 0.9 0.53
175.4 175.8 0.21 0.4 0.09
175.8 176 0.42 0.2 0.08
176 176.6 0.35 0.6 0.21
176.6 177.6 0.27 1 0.27
177.6 178 0.22 0.4 0.09
178 178.7 0.64 0.7 0.45
178.7 179.3 0.31 0.6 0.19
199 199.4 0.16 0.4 0.06
201.4 202 0.16 0.6 0.09
237.35 237.55 0.25 0.2 0.05
237.55 238 0.16 0.45 0.07
296.3 296.5 0.90 0.2 0.18
296.5 296.7 0.20 0.2 0.04
296.7 297 0.57 0.3 0.17
297 298 0.20 1 0.20
298 298.5 0.38 0.5 0.19
298.5 299 0.70 0.5 0.35
299 299.35 0.55 0.35 0.19
299.5 299.65 1.13 0.15 0.17
300.2 300.6 0.19 0.4 0.08
BH3DD039
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
61.7 62.7 0.47 1 0.47
62.7 63.7 0.96 1 0.96
63.7 64.7 0.19 1 0.19
65.5 66 0.14 0.5 0.07
67 68 0.17 1 0.17
72.4 72.7 0.21 0.3 0.06
72.7 73 0.25 0.3 0.07
74.35 74.55 0.13 0.2 0.03
75.5 75.8 0.31 0.3 0.09
90.2 90.6 0.17 0.4 0.07
96 97 0.18 1 0.18
97.4 98.1 0.21 0.7 0.15
98.5 98.9 0.42 0.4 0.17
98.9 99.9 0.40 1 0.40
106.5 107 0.16 0.5 0.08
107 108 0.34 1 0.34
BH3DD040
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
13.6 14 3.99 0.4 1.60
15 15.35 0.24 0.35 0.09
15.8 16.8 0.41 1 0.41
16.8 17.05 0.68 0.25 0.17
17.05 17.4 1.65 0.35 0.58
17.4 18 2.61 0.6 1.56
22.3 22.7 0.89 0.4 0.36
22.7 23 1.66 0.3 0.50
24.4 25.4 1.82 1 1.82
25.4 26.1 0.20 0.7 0.14
31.6 32.1 1.12 0.5 0.56
44 44.6 0.64 0.6 0.38
46.7 47.5 0.22 0.8 0.17
48.55 49 0.77 0.45 0.34
52.65 53.2 0.90 0.55 0.49
144.6 145.1 0.77 0.5 0.39
145.1 146.3 0.29 1.2 0.35
178 178.3 0.20 0.3 0.06
189 189.6 0.17 0.6 0.10
189.6 190.5 1.22 0.9 1.09
190.5 191.2 0.24 0.7 0.16
191.2 191.6 1.17 0.4 0.47
191.6 192 0.35 0.4 0.14
192 193 0.17 1 0.17
193.7 194.7 0.39 1 0.39
194.7 195.7 0.54 1 0.54
195.7 196.7 0.13 1 0.13
204.5 205 0.44 0.5 0.22
205 206 0.17 1 0.17
206 207 0.26 1 0.26
210 211 0.44 1 0.44
211 211.45 0.41 0.45 0.18
212.45 213.4 0.78 0.95 0.74
214 214.35 0.43 0.35 0.15
214.35 214.6 0.95 0.25 0.24
214.6 215.2 0.80 0.6 0.48
215.2 215.7 0.19 0.5 0.09
219.4 219.75 0.29 0.35 0.10
225.5 225.75 0.34 0.25 0.09
238.7 239.2 0.16 0.5 0.08
240.2 241.2 0.78 1 0.78
241.65 242.3 1.11 0.65 0.72
242.3 242.65 1.96 0.35 0.69
242.65 243.1 0.21 0.45 0.10
258.6 259.3 0.17 0.7 0.12
259.3 259.65 1.13 0.35 0.40
259.65 260 0.67 0.35 0.23
260 260.5 0.23 0.5 0.12
BH3DD041
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
41.7 42.25 0.27 0.55 0.15
42.25 42.7 0.42 0.45 0.19
49.2 49.6 0.15 0.4 0.06
64.6 65 0.53 0.4 0.21
91.7 92.7 0.22 1 0.22
104 104.25 0.12 0.25 0.03
104.25 104.6 0.18 0.35 0.06
BH3DD042
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
37.55 38.4 0.16 0.85 0.13
40.8 41.1 1.79 0.3 0.54
41.1 41.3 9.22 0.2 1.84
41.3 42 1.30 0.7 0.91
44 45 0.17 1 0.17
56.8 57 0.20 0.2 0.04
61.6 61.85 0.23 0.25 0.06
73.2 73.5 0.24 0.3 0.07
74.7 75.05 0.25 0.35 0.09
75.05 75.4 0.21 0.35 0.07
81.45 82 0.17 0.55 0.09
103.3 103.6 0.19 0.3 0.06
103.6 103.95 0.65 0.35 0.23
103.95 104.5 0.33 0.55 0.18
104.5 105.2 0.38 0.7 0.27
105.2 106.2 0.24 1 0.24
106.2 106.8 0.82 0.6 0.49
106.8 107.2 0.62 0.4 0.25
107.2 107.6 1.08 0.4 0.43
107.6 108.7 0.33 1.1 0.36
108.7 108.9 0.41 0.2 0.08
109.1 109.7 0.26 0.6 0.16
109.7 110.7 0.53 1 0.53
110.7 111 0.38 0.3 0.12
111 111.6 1.13 0.6 0.68
111.6 112.6 1.45 1 1.45
112.6 113.6 1.36 1 1.36
113.6 114.4 0.66 0.8 0.52
114.4 114.7 1.09 0.3 0.33
115 115.7 0.98 0.7 0.69
115.7 116.2 0.30 0.5 0.15
118.2 118.7 0.32 0.5 0.16
118.7 119 0.94 0.3 0.28
119 119.25 1.07 0.25 0.27
119.25 119.7 1.48 0.45 0.67
119.7 120.1 0.99 0.4 0.39
120.1 120.4 0.72 0.3 0.22
149.25 150.2 0.16 0.95 0.15
152.1 152.4 0.17 0.3 0.05
153.7 154.3 0.16 0.6 0.09
169.9 170.2 0.26 0.3 0.08
198.9 199.5 0.18 0.6 0.11
205.05 206.2 0.30 1.15 0.35
247.8 248.6 0.22 0.8 0.17
248.6 249.4 0.31 0.8 0.25
252 252.7 0.48 0.7 0.34
252.7 253 0.30 0.3 0.09
267.9 268.7 0.22 0.8 0.17
269.9 270.9 0.82 1 0.82
270.9 271.9 0.38 1 0.38
271.9 272.4 0.43 0.5 0.22
273 274 4.96 1 4.96
274 275 0.22 1 0.22
309.8 310.3 0.35 0.5 0.18
311 311.6 0.19 0.6 0.11
311.9 312.5 0.25 0.6 0.15
314.05 314.3 0.29 0.25 0.07
349.8 350.25 0.16 0.45 0.07
BH3DD043
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
35.9 37 1.54 1.1 1.69
38 38.2 0.79 0.2 0.16
44 45 0.56 1 0.56
45 46 1.54 1 1.54
46 47 1.19 1 1.19
53 54 0.42 1 0.42
54 55 4.82 1 4.82
55 56 5.54 1 5.54
56 57 9.79 1 9.79
57 58 15.91 1 15.91
58 59 1.87 1 1.87
59 59.3 1.45 0.3 0.43
59.3 59.7 0.39 0.4 0.16
59.7 60.2 0.22 0.5 0.11
60.9 61.6 2.52 0.7 1.77
61.6 62 0.29 0.4 0.12
63 64 0.20 1 0.20
64 65 0.34 1 0.34
65 66 0.20 1 0.20
68 69 0.17 1 0.17
69 69.8 0.52 0.8 0.42
69.8 70.9 0.22 1.1 0.24
72 73 0.24 1 0.24
98 98.5 0.31 0.5 0.16
109.4 110.4 0.17 1 0.17
110.4 111.2 0.22 0.8 0.17
111.2 112 0.25 0.8 0.20
123.2 124 0.24 0.8 0.20
124 125 0.31 1 0.31
150.4 150.8 0.69 0.4 0.27
158.8 159.1 0.98 0.3 0.29
159.1 160.1 0.72 1 0.72
160.1 161 0.36 0.9 0.32
161 162 0.43 1 0.43
189.4 190 1.17 0.6 0.70
Table 3. Gram-metre intersections for BH3DD036-BH3DD043 (for intersections
containing => 1g/t Au)
*Gram metres represents the contained Au metal within the reported length,
calculated as interval (m) x grade (g/t Au)
BH3DD037
From(m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
4.7 5.7 1.81 1 1.81
5.7 6.7 1.69 1 1.69
28 29 1.26 1 1.26
29.75 30.25 2.63 0.5 1.31
32.3 33 2.50 0.7 1.75
33.6 34.1 4.55 0.5 2.27
35.5 36.5 2.92 1 2.92
36.5 37.5 1.38 1 1.38
37.5 38 2.82 0.5 1.41
40.6 41 3.61 0.4 1.45
41 42 1.03 1 1.03
BH3DD038
From(m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
3.45 4.45 1.22 1 1.22
26 27 1.28 1 1.28
27 28 3.34 1 3.34
BH3DD040
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
13.6 14 3.99 0.4 1.60
17.4 18 2.61 0.6 1.56
24.4 25.4 1.82 1 1.82
189.6 190.5 1.22 0.9 1.09
BH3DD042
From (m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
41.1 41.3 9.22 0.2 1.84
111.6 112.6 1.45 1 1.45
112.6 113.6 1.36 1 1.36
273 274 4.96 1 4.96
BH3DD043
From(m) To (m) Grade (g/t Au) Interval (m) Gram x Metres
35.9 37 1.54 1.1 1.69
45 46 1.54 1 1.54
46 47 1.19 1 1.19
54 55 4.82 1 4.82
55 56 5.54 1 5.54
56 57 9.79 1 9.79
57 58 15.91 1 15.91
58 59 1.87 1 1.87
60.9 61.6 2.52 0.7 1.77
SUMMARY
Whilst varied, the Directors are pleased with the outcome of the final results
from HR3. These results show that mineralisation is still open to the north of
hole BH3DD043 and at depth. Technical director Adam Jones will evaluate the
potential of follow up drilling for these results over the coming Australian
summer period.
In the meantime, drilling continues at the nearby Blue Moon prospect with two
holes now completed and samples submitted to the laboratory for analysis.
Drilling is planned to continue into the Christmas holiday period.
Soil sampling and rock chip sampling have been completed on adjacent parallel
quartz reefs on the Creswick tenements (EL6184) with results expected by the
end of this month. The outcome of this work will delineate further drill
targets for the 2023 drilling season.
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.
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
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=52944970&newsitemid=20221014005257&lan=en-US&anchor=www.ecrminerals.com&index=6&md5=abcd063662232925dd6f3b731cfcef47)
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
BlytheRay Tel: +44 (0) 207 138 3204
Public Relations
Tim Blythe
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.
https://mercatorgold.com.au/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmercatorgold.com.au%2F&esheet=52944970&newsitemid=20221014005257&lan=en-US&anchor=https%3A%2F%2Fmercatorgold.com.au%2F&index=7&md5=0d5fd8d65ee648aacc3ed6c99a45a607)
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.
https://luxexploration.com/
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fluxexploration.com%2F&esheet=52944970&newsitemid=20221014005257&lan=en-US&anchor=https%3A%2F%2Fluxexploration.com%2F&index=8&md5=235fb3f31604596e201ed29cc53d59aa)
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.
View source version on businesswire.com:
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