ECR Minerals plc (LON:ECR), the exploration and development company focused on gold in Australia, is pleased to announce that further to the announcement of 11 December 2023 (link here), the Company has confirmed that access to the relevant sites has been granted and accordingly reverse circulation (“RC”) drilling programme has commenced at the Creswick gold project in central Victoria, Australia.
Drilling is underway at Kuboid Hill and Davey Road prospects (See Figure 1 below), both of which have previously provided evidence of gold mineralisation from soil analysis and rock chip sampling.
Figure 1: Creswick Gold Project
As previously announced, the Company expects that approximately 1,200 metres of reverse circulation drilling in aggregate will be completed at around 10 – 12 locations at Creswick. Following drilling, and allowing for laboratory closures over the holiday period, assay results are anticipated to be available midway through the first quarter of 2024.
ECR Chief Operating Officer Mike Whitlow commented: “In less than 12 weeks, the Company has gone through a complete step change in approach. We have sufficient resources and budget for activities that will take us well into 2024, and whilst it’s exciting to be drilling, it’s more encouraging to be a part of a multifaceted approach which we believe will create shareholder value.”
Further updates will be provided in due course.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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ECR Minerals plc |
Tel: +44 (0) 20 7929 1010 |
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David Tang, Non-Executive Chairman Nick Tulloch, Managing Director Andrew Scott, Director |
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Email: |
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Website: www.ecrminerals.com |
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