ECR Minerals plc Further Update Information - New Gold Targets Blue Moon Australia
05 September 2018 - 7:45PM
UK Regulatory
TIDMECR
5 September 2018
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
FURTHER UPDATE INFORMATION - NEW GOLD TARGETS BLUE MOON
AUSTRALIA
ECR Minerals plc (LON:ECR) the precious metals exploration and
development company is pleased to provide a further update in
respect of the Blue Moon gold project in Victoria Region,
Australia.
On 3 September 2018 the Company announced the identification of
a significant gold target at the Blue Moon prospect and the
addition of two new gold targets in the same area as Blue Moon, now
named Yellow Moon and Red Moon.
The Company's technical advisory team have prepared a
diagrammatic image of the three target areas and this is now
available on the Company's website through the following link:
https://bit.ly/2ChsS3f
The image demonstrates:
-- that the area is principally flat and alluvial cover, demonstrated as
blue in the image;
-- anomalous arsenic results were returned from pXRF soil geochemistry
conducted on the slopes and over small hills;
-- the association of the anomalous arsenic at all three 'Moon' prospects
with broad areas of quartz float;
-- the location of the Bailieston Anticline to the east of Yellow Moon
and as shown on government mapping plus a newly identified
anticline,
named the New Moon Anticline. The anticline is a double fold to
the
west of Red Moon.
Craig Brown, Chief Executive Officer of ECR Minerals plc,
commented: "I am pleased at the level of interest demonstrated in
the new targets outlined in our earlier announcement, particularly
enquiries from a technical perspective.
The publication of this image provides further important
technical information to the market about the project and its
potential.
The team are working proactively to advance our entire Victoria
region interests, with a particular interest at Blue Moon given the
findings to date. Further information will be provided to the
market in respect of Blue Moon and our work across the Company at
the earliest opportunity."
COMPETENT PERSON STATEMENT
The information in this announcement that relates to Exploration
Results is based on information compiled by Dr Rodney Boucher of
Linex Pty Ltd. Linex Pty Ltd provides geological services to
Mercator Gold Australia Pty Ltd, including the services of Dr
Boucher, who has a PhD in geology, is a Member and RPGeo of the
Australian Institute of Geoscientists and is a Member of the
Australian Institute of Mining and Metallurgy. Dr Boucher has
sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the
activity being undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the 'Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves'. Dr
Boucher consents to the inclusion in the announcement of the
material based on his information in the form and context in which
it appears.
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR's
wholly owned Australian subsidiary Mercator Gold Australia has 100%
ownership of the Avoca, Bailieston, Creswick, 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.com
Website: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
SI Capital Ltd Tel: +44 (0)1483 413500
Broker
Nick Emerson
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:
https://www.businesswire.com/news/home/20180905005425/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
September 05, 2018 05:45 ET (09:45 GMT)
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