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: 21 FEBRUARY 2006 - Mercator Gold plc (AIM: MCR) (“Mercator” or “the Company”) announces that it has signed a contract for the supply of reverse circulation and diamond core drilling with Drill Corp-Western Deephole. Reverse circulation drilling will commence on Wednesday 22 February, only 3 weeks since the acquisition of the Meekatharra assets from St Barbara Limited.

The initial reverse circulation and diamond programme, consisting of 15,000m will be at Bluebird where the company is targeting substantial extensions to the known resource.

Diamond core drilling at Paddy’s Flat will target mineralised zones for early metallurgical testing. In subsequent months drilling of a minimum of 20,000m will target resources at Surprise, Meekatharra North and Paddy’s Flat.

 

For further information please contact:

Mercator Gold plc    
Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.    
   
   
   
Beaumont Cornish Limited    
Roland Cornish Tel: + 44 (0) 20 7628 3396
     
     
     
King & Shaxson Capital Ltd    
Nick Bealer Tel: + 44 (0) 20 7426 5986
     
     
     
Ocean Equities Ltd    
Will Slack Tel: +44 (0) 20 7786 4370
     
     
     
Parkgreen Communications    
Justine Howarth / Ana Ribeiro Tel: + 44 (0) 20 7493 3713

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