Additional License Application at Kondaparinga, Queensland
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce that it has, through its subsidiary Lux Exploration Pty Limited, submitted an application for an Exploration License (EPM28910). The license area, known as Kondaparinga (“Kondaparinga”), is approximately 120km2 in area (see Figure One below) and within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland, Australia. The 3-year exploration term would include an expenditure commitment of AUD$487,000 over that period.
The Company’s geological team have examined other parts of the region for potential anomalous areas for gold, with this work being primarily based on the publicly available Queensland Government Geochemistry Database (QDEX). The exploration license application for Kondapringa EPM28910 was registered on 23 September 2023. The application will be assessed by government officials and work on the ground will not commence until the application has been granted. Whilst there can be no guarantee that the licence will be granted, the Directors have every expectation it will be.
If granted, the proposed exploration programme will aim to verify the historic stream results and if successful, a detailed survey programme will follow. The initial target areas identified are referenced on Figure One below and are spatially associated to the regional fault structures known as Hurricane Fault and Black Hill Fault, with the anomalous target areas shown in the green halo.
Fig 1: EPM28910 application area:
https://www.ecrminerals.com/images/2023/Fig1_RNS-EPM28910_AP.png
ECR Chief Operations Officer Mike Whitlow added: “Kondaparinga is an exciting opportunity for ECR that adds a new dimension to our work in North Queensland. We have looked for sufficient geological benchmarks and features in the region that we have already come to know well with the objective of securing prospective ground on favourable terms that has the potential to be a valuable addition to our portfolio.”
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
