---
title: "ECR Minerals Plan Diamond Drill Program for gold at Tambo"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-08-07T15:01:04+00:00"
modified: "2024-08-07T15:01:04+00:00"
date: 2024-08-07
canonical: "https://www.share-talk.com/ecr-minerals-plan-diamond-drill-program-for-gold-at-tambo/"
category: "Exclusive Interviews"
categories: ["Exclusive Interviews", "Mining"]
tags: ["Adam Jones", "Andrew Haythorpe", "Andrew Scott", "Avoca Gold Project", "bailieston gold project", "Ballarat", "ballarat gold system", "Black Cat", "cherry tree", "Creswick Gold Project", "David Tang", "dimocks main shale", "dr rodney boucher", "ECR", "ECR Minerals", "fosterville gold mine", "fosterville south exploration", "Geological Survey of Victoria", "Mike Whitlow", "Moderna", "Nick Tulloch", "Philippines", "Queensland", "Share Talk", "Tambo Gold Project", "Timor Gold Project", "Victoria"]
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format: "news"
language: "en-GB"
---

# ECR Minerals Plan Diamond Drill Program for gold at Tambo

**Published:** August 7, 2024
**Author:** sharetalk
**Categories:** Exclusive Interviews, Mining
**Tags:** Adam Jones, Andrew Haythorpe, Andrew Scott, Avoca Gold Project, bailieston gold project, Ballarat, ballarat gold system, Black Cat, cherry tree, Creswick Gold Project, David Tang, dimocks main shale, dr rodney boucher, ECR, ECR Minerals, fosterville gold mine, fosterville south exploration, Geological Survey of Victoria, Mike Whitlow, Moderna, Nick Tulloch, Philippines, Queensland, Share Talk, Tambo Gold Project, Timor Gold Project, Victoria
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/08/Image-2024-08-07-at-3.59.25-PM.webp?fit=1200%2C691&quality=80&ssl=1)

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The video discusses ECR Minerals’ plans to initiate a diamond drilling program for gold evaluation at Tambo, Victoria, set for Q4 2024. This decision follows promising soil sampling and rock chip analysis results. Mike Whitler, the COO of ECR Minerals, explains the correlation between gold and bismuth, using bismuth as a key pathfinder to locate gold more reliably.

The company has identified a strong correlation between gold and bismuth, using bismuth as a key pathfinder element to locate gold more reliably. The decision to use diamond drilling over reverse circulation (RC) drilling is based on the superior technical data diamond drilling provides, which is crucial for forging industry relationships and advancing exploration efforts

https://youtu.be/-YR_M7TinH4?si=K27z8aaFnZWmYCh8

 

Key points from the video:

1. **Drill Program Planning**: ECR Minerals is planning a maiden diamond drilling program for subsurface gold evaluation at Tambo, following positive soil and rock chip sample results.

2. **Gold and Bismuth Correlation**: There is a strong correlation between gold and bismuth, with bismuth being a reliable indicator when gold readings are uncertain. This helps in defining areas of interest for drilling.

3. **Choice of Diamond Drilling**: Diamond drilling is preferred over reverse circulation (RC) drilling due to the superior technical data it provides, which is essential for building industry relationships and advancing exploration efforts.

4. **Budget and Execution**: The company is fully funded for the planned work, and negotiations with landholders and contractors are underway. The goal is to start drilling in Q4 2024 and achieve significant discoveries to advance the business.

5. **Antimony Exploration**: Alongside gold, ECR is also exploring antimony at the Biston project due to rising prices and growing interest. Initial results show high-grade antimony, indicating potential value growth for the asset.

6. **Future Goals**: The company aims to reach a valuation similar to its peak historical value. They plan to strengthen their team and continue delivering favorable results to attract investor interest and improve share prices.

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