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: 14 SEPTEMBER 2006 - Mercator Gold is pleased to announce that on 11 July 2006 the Company awarded Murchison Repairs and Maintenance (“MRM”), a highly experienced and respected Engineering group, a contract for £1.2 million to refurbish the Yaloginda Carbon in Pulp Gold Processing Plant. While the plant is in very good condition, refurbishment is essential to ensure all mechanical and electrical components are in full working order so that we achieve a smooth return to full operations at the plant.

Progress to date is on schedule and under Budget with completion expected early in January 2007.

Managing Director, Patrick Harford, said:

“We are very happy with progress to date on the refurbishment; concerns within the industry about capital works, both as to cost and timing, have been allayed and this refurbishment will allow production to recommence when the board is satisfied as to its sustainability.

Subject to metallurgical test work it may be necessary to further upgrade the plant in 2007 should we seek to process ore from additional areas of the tenement holdings and this will be determined as a result of on-going assessment as and when development is required.”

 

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.    
   
   
   
Parkgreen Communications    
Justine Howarth / Ana Ribeiro Tel: +44 (0) 20 7493 3713

 

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