ECR Minerals plc Renewal of Exploration Licence
23 February 2018 - 6:00PM
UK Regulatory
TIDMECR
AIM: ECR
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
RENEWAL OF EXPLORATION LICENCE
LONDON: 23 February 2018 - ECR Minerals plc is pleased to
announce that the Company's wholly owned Australian subsidiary
Mercator Gold Australia Pty Ltd ("MGA") has been notified of the
renewal of MGA's Exploration Licence EL5433 in Central Victoria,
Australia for a further five-year term until 27 March 2023.
This licence represents the Bailieston gold exploration project,
of which MGA has 100% ownership, and is located in the same
district as the million-ounce Fosterville gold mine owned by
Kirkland Lake Gold. For more information on MGA's current
activities in Victoria, please see ECR's announcement dated 20
February 2018.
Craig Brown, CEO of ECR, commented:
"The renewal of EL5433 for a further five years is timely, as we
are in the process of planning a drilling programme which will test
multiple target areas at Bailieston. ECR is fully funded for the
drilling, and we look forward to seeing the drill rig turning
within the next few months."
ABOUT ECR
ECR is a mineral exploration and development company. ECR's
wholly owned Australian subsidiary Mercator Gold Australia has 100%
ownership of the Avoca, Bailieston, Moormbool and Timor gold
exploration licences in Central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold
project, an advanced exploration project located in a prolific gold
and copper mining district in the north of the Philippines. An
NI43-101 technical report was completed in respect of the Danglay
project in December 2015, and is available for download from ECR's
website.
ECR's wholly owned Argentine subsidiary Ochre Mining has 100%
ownership of the SLM gold project in La Rioja, Argentina.
Exploration at SLM has focused on identifying small tonnage
mesothermal gold deposits which may be suitable for relatively
near-term production.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the
publication of this announcement via Regulatory Information Service
(RIS), this inside information is now considered to be in the
public domain.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0)20 7929 1010
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
Email: info@ecrminerals.comWebsite:
www.ecrminerals.com
WH Ireland Ltd Tel: +44 (0)161 832 2174
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
Optiva Securities Ltd Tel: +44 (0)203 137 1902
Broker
Graeme Dickson
FlowComms Tel: +44 (0)7891 677 441
Investor Relations
Sasha Sethi
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such
statements may be subject to numerous known and unknown risks,
uncertainties and other factors that could cause actual results or
events to differ materially from current expectations. There can be
no assurance that such statements will prove to be accurate and
therefore actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward looking statements. Any
forward-looking statements contained herein speak only as of the
date hereof (unless stated otherwise) and, except as may be
required by applicable laws or regulations (including the AIM Rules
for Companies), the Company disclaims any obligation to update or
modify such forward-looking statements because of new information,
future events or for any other reason.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20180222005996/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
February 23, 2018 02:00 ET (07:00 GMT)
Ecr Minerals (LSE:ECR)
Historical Stock Chart
From Apr 2024 to May 2024
Ecr Minerals (LSE:ECR)
Historical Stock Chart
From May 2023 to May 2024
