ECR Minerals identifies large gold system in Australia
Source - SMW
ECR Minerals said exploration mapping undertaken by at the Creswick project in Australia's Victoria state had identified a large gold system in the Dimocks main shale targets.
The shale sat between two large gold producing areas, where it was estimated 15m ounces of gold had been produced in Victoria.
'It is the proposition of the company's technical team that they have identified the hard rock source for a significant portion of the aforementioned 15m ounces of gold production,' ECR said.
'Although further work is required to validate this proposition.'
At 1:29pm: (LON:ECR) ECR Minerals PLC share price was +0.15p at 0.95p