REG-ECR Minerals plc Update on Activities <Origin Href="QuoteRef">ECRE.L</Origin>

ECR MineralsAnnouncement

27/02/2015 07:00

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LONDON--(Business Wire)--


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

AIM: ECR
US OTC: MTGDY 

UPDATE ON ACTIVITIES

LONDON: 27 FEBRUARY 2015 - ECR Minerals plc is pleased to provide the following
update on its activities. 

SLM Gold Project, Argentina

Following completion of the detailed geological mapping exercise carried out in
the latter part of 2014, it is planned that bulk sampling will commence at the
Maestro Agüero prospect in March 2015. The directors of ECR consider Maestro
Agüero to be the most promising prospect at SLM on the basis of exploration
results to date. The SLM project is 100% held by ECR`s wholly owned subsidiary
Ochre Mining SA ("Ochre"). 

The results of all channel sampling by Ochre at Maestro Agüero to date,
including additional sampling completed during December 2014, are presented on a
map viewable at the following link: www.ecrminerals.com/maestro-aguero-feb2015 

Ochre`s channel sampling at Maestro Agüero has demonstrated the presence of
moderate to high gold grades in narrow mesothermal quartz veins over a strike
length of up to approximately 300m. However, it is apparent that gold grades
change abruptly along strike, which is indicative of a nugget gold effect. 

In order to obtain a more representative indication of grade, it is planned that
a bulk sample will be taken at Maestro Agüero in March 2015. Collection of the
bulk sample will also provide additional information on the morphology of the
veins, and the sample itself will provide material which may be used for
metallurgical testwork. A decision will be made as to whether to proceed with
metallurgical testwork following completion of the bulk sampling. 

Potential Further Exploration at JV Prospect

The JV-14 zone, where sampling in and around historical exploration trenches was
carried out by Ochre in 2014, comprises part of a larger prospect area, the JV
prospect, containing several other zones in which sampling, both historical and
by Ochre, has returned high grades. The JV prospect is located approximately six
kilometres south of Maestro Agüero. 

Subject to positive results from bulk sampling at Maestro Agüero, further
geological mapping and channel sampling will be considered for the JV prospect.
This work would be expected to enable a better understanding of vein continuity
and grade distribution, and identify any priority zones for bulk sampling at the
JV prospect. 

Itogon Gold Project, Philippines

Further to ECR`s announcement dated 22 January 2015, diamond drilling is
proceeding satisfactorily at the Itogon project, which is presently the
Company`s main operational focus. Two of the seven holes planned have been
completed to date, and the third hole is underway. 

Difficult ground was encountered by the first hole, but ground conditions for
the second were significantly better, and this enabled an improved rate of
drilling. Material drilling results will be reported when available. 

Stephen Clayson, Chief Executive Officer of ECR, commented:

"The appeal of the SLM project has always lain in the idea of relatively near
term production from small deposits, and Maestro Agüero appears to be shaping up
as the most likely starting point, although there is no certainty at present
that the prospect is a viable mining target. However, the planned bulk sampling
is expected to significantly improve our understanding of its potential. As with
all our activities, ECR`s approach to the SLM project remains one of staged
investment intended to ensure that value for money is obtained from
expenditure." 

The contents of this announcement have been reviewed by Richard Watts B.Eng.
Mining, Technical Director of ECR. Richard Watts is a Fellow of the South
African Institute of Mining & Metallurgy with more than 40 years of experience
in the mining industry. 

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/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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