Further Update Information - New Gold Targets Blue Moon Australia
ECR Minerals plc
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:
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|
|WH Ireland Ltd||Tel: +44 (0)161 832 2174|
Katy Mitchell/James Sinclair-Ford
|Optiva Securities Ltd||Tel: +44 (0)203 137 1902|
|SI Capital Ltd||Tel: +44 (0)1483 413500|
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.