Today ECR Minerals updated the markets with the announcement of the sale by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
Of the licences comprising the Avoca, Moormbool and Timor gold exploration projects (the “Licences”) in Victoria, Australia to Fosterville South Exploration Ltd (“Fosterville South”) for total potential cash consideration of up to A$2.5 million.
Craig Brown, Chief Executive Officer explains in more detail today RNS update and talks about the grades of gold, operations continue on the ground with no issues. Highlights the company portfolio, mineralisation, costs involved, looking for a joint venture partner.
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