Mike Whitlow, ECR Minerals Chief Operating Officer talks to Stock Box. Here is a summary of the key points discussed:
- ECR Minerals has introduced new bulk sampling methods at Kuboid Hill to enhance the accuracy of mineral sampling.
- The company reported promising high-grade gold findings and has a comprehensive summer work schedule planned across various sites.
- Management is focused on boosting asset value and market engagement through strategic asset disposals and capital initiatives
Here is a summary of the key points discussed:
- Kuboid Hill Bulk Sampling: ECR Minerals has introduced new bulk sampling methods at Kuboid Hill to enhance the accuracy of mineral sampling. This method provides a larger sample size, leading to more accurate results. High-grade gold findings have been reported, indicating a broader mineralized footprint.
- Project Updates:
- Victoria and Tambo: Recent work at Tambo includes a planned drill program, pending results.
- Queensland: A busy schedule includes reconnaissance sampling and potential trenching to gather subsurface data and prepare for drilling.
- Photon Analysis: To overcome delays in results, ECR is trialling photon analysis, a method used by larger players in the Victoria region.
- Summer Work Schedule: The company has a packed summer schedule with various activities planned across their sites, aiming to boost asset value and market engagement.
- Strategic Focus: The management is focused on boosting asset value and market engagement through strategic asset disposals and capital initiatives. They aim to increase the company’s market cap significantly.
- Ongoing Projects:
- Antimony Testing at Biston: A historical drilling core from Victoria is being tested for antimony.
- Lolworth Soil Sampling: Soil sampling is underway at Lolworth.
- Blue Mountain: Trenching and potential use of a small-scale plant to run a pilot project and show investors some gold.
- Funding and Market Strategy: ECR is fully funded for their planned work programs for the year. The board of directors has aligned their interests with shareholders by taking share-based payments instead of remuneration.
Overall, ECR Minerals is actively engaged in numerous projects with a strategic focus on enhancing asset value, engaging the market, and planning significant fieldwork over the summer.
