REG-ECR Minerals plc UPDATE ON EXPLORATION <Origin Href="QuoteRef">ECRE.L</Origin>

ECR MineralsAnnouncement

17/04/2015 10:40

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LONDON--(Business Wire)--


ECR MINERALS plc

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

AIM: ECR 

US OTC: MTGDY 

UPDATE ON EXPLORATION

LONDON: 17 APRIL 2015 - ECR Minerals plc is pleased to provide the following
update on activities at the Itogon gold project in the Philippines and the SLM
gold project in Argentina. 

ITOGON GOLD PROJECT, PHILIPPINES

Further to the Company`s news release dated 12 March 2015, the final hole in the
current diamond drilling programme at Itogon, designated EDD006, is underway and
is expected to be completed during the next week. The results of the drilling
will be announced when assay results for all six holes have been received and
processed. This is expected to be during May 2015. 

EDD006 has been collared NE of ERC005 and is intended to follow up intercepts in
ERC005 including 10m at 2.15g/t gold from surface and 7m at 5.33 g/t gold from
138m. EDD006 has a target depth of 80m. 

The preceding hole in the current programme, designated EDD005, was collared NE
of ERC002 and was intended to follow up intercepts in ERC002 including 15m at
3.29g/t gold from 82m and 17m at 1.57g/t gold from 101m. EDD005 was drilled to
100m. 

Attempts to extend ERC002 as part of the current drilling programme were not
successful due to deterioration downhole which has occurred since the hole was
originally drilled. In view of this, no attempt was made to re-enter ERC001.
ERC001, ERC002 and ERC005 are reverse circulation (RC) holes drilled in April
2014 as part of ECR`s first drilling programme at Itogon. Drilling results for
RC holes contained in this announcement are extracted from the Company`s
announcement dated 29 May 2014 and should be read in conjunction therewith. All
widths given in this announcement are apparent width. 

SLM GOLD PROJECT, ARGENTINA

Further to the Company`s announcement dated 27 February 2015, bulk sampling was
completed at the Maestro Agüero prospect during March 2015. A total of 595kg of
material was collected. Sub-samples will be submitted for cyanide bottle roll
tests at an independent laboratory. The grade of gold that does not present to
cyanide but remains in the pulp residue will be determined by fire assay. This
process is intended to allow cyanide soluble grade, residual grade and head
grade to be determined, and represents a basic form of metallurgical testwork.
The results of this analysis are expected to be available during May 2015 and
will be announced. 

This announcement has been reviewed by Richard Watts B.Eng. Mining, Fellow of
the South African Institute of Mining & Metallurgy, a director of the Company
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                                                     
 Emma Earl/Jo Turner                                                   
                                                                       
 Daniel Stewart & Company plc                Tel: +44 (0)20 7776 6550  
 Broker                                                                
 Martin Lampshire                                                      
 
 
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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