ECR Minerals plc (LON: ECR), announce the fire assay gold results from the historic Duke of Cornwall Mine in Swifts Creek (Tambo), Victoria, Australia.
As announced on 10 June 2024, ECR Minerals undertook an exploration campaign at its Eastern Victorian exploration tenement (EL007484) which included detailed mapping of historical gold workings and the collection of 56 rock chips and 84 soil samples at spaced intervals across and along strike of the known mineralisation. Initial testing of 37 rock chips using the Photon Assay method returned significant results with 8 samples showing gold concentrations exceeding 5 g/t Au, including a best result of 51.5 g/t Au.
HIGHLIGHTS
● Fire assay of 37 rock chips at the Duke of Cornwall Lode improves earlier best result from photon analysis from 51.5 g/t Au to 52.2 g/t Au
● 10 Samples returned results above 5 g/t Au
● Additional gold results for 19 rock chips include more best results including 9.79 g/t Au, 8.55 g/t Au and 5.31 g/t Au
● The results fall within the 95% confidence interval indicating photon analysis does offer a reliable indication of fire assay results
Mike Whitlow Chief Operating Officer commented: “The high grade gold results, and perhaps more importantly, the statistically significant correlation to the fire assay data has validated our decision to implement photon assaying at Tambo. A best result of 52.2 g/t Au in rock chips is an exceptional outcome and I look forward to our exploration teams resuming work at the project in due course.
“In Queensland, the earlier recovery of visible gold through our washplant at Blue Mountain has exceeded expectations and we’re eagerly awaiting the results of laboratory analysis which will guide our next steps for the project. In the coming days, I’m looking forward to our chief geologist Adam Jones joining our field crews at Lolworth where initial hard rock trenching is planned for Gorge Creek West.”
Adam Jones Chief Geologist added: “Our geological team has been very impressed with the Photon Assay method, noting its close correlation with reported Fire Assays. It not only provides faster and more cost-effective results but also represents a significant shift in our approach moving forward. Our next objective at this prospect is to confirm the consistency of gold hits within the vein structure which is likely to include a short drill program.”
