ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce gold results from the first drillhole for 2022 (BBMDD004) completed at Blue Moon.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black Cat. The projects are operated and drilled by ECR’s Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
@ecrminerals encouraging results from 1st Blue Moon Drill Hole 🇦🇺 Andrew Haythorpe "..programme testing mineralised continuity of Blue Moon #gold bearing structure..v encouraged by what we’ve seen so far..looking forward to next three hole results." #ECR https://t.co/LFKhgHYYdI pic.twitter.com/wjZICArfOZ
— Share_Talk ™ (@Share_Talk) November 17, 2022
ECR CEO Andrew Haythorpe commented: “I am pleased to report an encouraging grade from the first Blue Moon drill hole of the 2022 Blue Moon campaign. The programme has been designed to test for mineralised continuity of the Blue Moon gold bearing structure and we’re very encouraged by what we’ve seen so far. As previously stated, the drill site is located west of where the 2019 RC drill programme finished, so a decision on further drilling activity will be made once the results for the remaining holes are in.”
“ECR is entering a busy period as we complete our initial sampling campaign at Lolworth and finalise planning an initial field campaign at the Hurricane project in N Queensland. With soil sample lab results from Creswick also due, I am very much looking forward to reporting results of the next three Blue Moon holes along with our next steps to the market as and when we have them.”
HIGHLIGHTS
- Results from the first diamond drillhole for 2022 are encouraging with 0.5m @ 7.29 g/t Au from 96.9m.
- Drilling continues with three out of a planned four-hole program completed to date with samples awaiting results pending.
Figure 1. Best gold intercept with the BBMDD004 drill core is represented here; https://www.ecrminerals.com/images/2022/fig1_Best_Intercept_BBMDD004.png
BBMDD004
BBMDD004 is the first diamond drillhole completed from an initial four-hole programme designed to test for mineralised continuity of the Blue Moon gold bearing structure. The drill site is located west of where the 2019 RC drill programme finished. Hosted within an east-west striking dyke formation, mineralisation at the Blue Moon prospect is characterised by alteration and bleaching of the dyke as seen in figure 1 above. The mineralised fluids responsible for the bleaching are also identified by the increase in the arsenic geochemistry and pyritic sulphidation. Geological logging to date has also identified that gold mineralisation is most evident in the vicinity of millimetre scale swarms of quartz-carbonate veinlets (figure 1). The best intercept in BBMDD004 of 0.5m @ 7.29 g/t Au from 96.9m downhole is associated with such veinlets. All reportable gold intercepts greater than 0.1 g/t Au from hole BBMDD004 are presented in Table 1 below.
NEXT STEPS
Drilling is now complete at three out of the four planned holes. Sampling has also been completed and we anticipate that the next results will be reported before the Christmas period. The drill core looks encouraging with the typical bleaching and sulphides present in all holes drilled to date. Accordingly, the Directors have agreed that the final decision to continue with further drilling will be based on the pending drill results.
Table 1. Drill intercepts containing reportable levels of gold in BBMDD004
|
From (m) |
To (m) |
Grade (g/t Au) |
Interval (m) |
Gram x Metres |
|
35 |
36 |
0.11 |
1 |
0.11 |
|
36 |
36.6 |
0.11 |
0.6 |
0.07 |
|
85.4 |
86.4 |
0.56 |
1 |
0.56 |
|
86.4 |
87.4 |
0.17 |
1 |
0.17 |
|
87.4 |
88 |
0.27 |
0.6 |
0.16 |
|
88 |
89 |
0.15 |
1 |
0.15 |
|
89 |
89.9 |
0.72 |
0.9 |
0.65 |
|
89.9 |
91 |
0.31 |
1.1 |
0.34 |
|
92 |
93 |
0.20 |
1 |
0.20 |
|
96.9 |
97.4 |
7.29 |
0.5 |
3.65 |
|
97.4 |
98.4 |
0.21 |
1 |
0.21 |
*Gram metres represents the contained Au metal within the reported length, calculated as interval (m) multiplied by grade (g/t Au)
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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
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ECR Minerals plc |
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Tel: +44 (0) 20 7929 1010 |
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David Tang, Non-Executive Chairman Andrew Haythorpe, CEO |
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Email: |
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Website: www.ecrminerals.com |
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