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: 31 MARCH 2008

HIGHLIGHTS

  • Commercial gold production commenced in October 2007;
  • Gold sold during period 7,028 ounces, yielding revenue of A$6.4m at an average price realised per ounce of A$912 (US$806);
  • Vigorous exploration programme continues to produce promising results;
  • ASX listing expected to take place in next 12 weeks;
  • Technical due diligence completed on sale of non-core assets for shares (approximately 30%) in Silver Swan Group Ltd (ASX: SSW).

 

“These results cover a landmark period in Mercator’s development that has seen the Company commence commercial gold production and continue to lay the groundwork for considerable growth in its output over the coming years. The Company is in excellent shape, focusing on production, growth and exploration in Meekatharra according to plan.

I look forward to reporting progress on various fronts in the coming months.”

 

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.    
   
   
   
Bankside Consultants Ltd Tel: +44 (0) 20 7367 8888
Simon Rothschild    
Keith Irons    
Oliver Winters    

 

Click Here for the full text PDF version of the Interim Results (unaudited) for the Six Months to 31 December 2007