ECR is a mineral exploration and development company, incorporated in the UK.

ECR’s wholly owned Australian subsidiary Mercator Gold Australia (MGA) has agreed to acquire 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia. Mercator Gold Australia is estimated to have tax losses of approximately AUD 66M as at 30 June 2015, which may be available, subject to certain conditions (as described in ECR’s announcement dated 4 December 2014), to reduce MGA’s future taxable profits.

ECR has the right to earn a 50% interest in the Danglay epithermal gold project in the Philippines. Danglay is 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 subsidiary Ochre Mining has a 100% interest in the SLM gold project in La Rioja Province, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near term production.

 

ECR shares are listed on the AIM market of the London Stock Exchange with the symbol ECR.

MERCATOR GOLD plc
(“Mercator Gold”, “Mercator” or “the Company”)

AIM: MCR

US OTC: MTGDY

 

LONDON: 22 JUNE 2005 - Mercator Gold PLC said high grade gold continues to be intersected at the Surprise open pit at Yaloginda, near Meekatharra, Western Australia.

It said that, while many assays are pending, results to date at this pit demonstrate a 700 metre strike length of mineralised porphyry for Surprise and Surprise Extended to a depth of up to 170 metres.

The company is now assessing the potential for a single open pit resource stretching from Surprise to Jess, being over a kilometre in length, in excess of 200 metres in depth and up to 40 metres in width.

The company also said it has commenced a 4000 metre diamond core and reverse circulation drill programme at Bluebird. The programme is expected to be completed by mid July.

 

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