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: 26 JUNE 2008 - Mercator Gold plc announces that at around 6:30pm Western Standard Time (Australia) on 24 June, a collision occurred between a dump truck and a stationary bulldozer critically injuring the driver of the dump truck. The accident happened at South Junction, a defunct pit that is being used for the disposal of waste rock.

Both vehicles belong to and are operated by Mining & Civil Australia Pty Ltd, Mercator’s mining earthmoving contractor.

The accident does not affect on-going mining activities and the overall impact of this unfortunate event on Mercator’s operations is expected to be negligible.

Patrick Harford, Managing Director of Mercator Gold plc, comments:

“Our thoughts are with the injured man and his family. We sincerely thank all of the people who were involved in removing the operator from his vehicle including the Mines Emergency Services, RFDS, FESA, St John Ambulance, the medical personnel and staff on site, as well as members of the wider local community, who have provided their assistance and support.”

 

For further information please contact:

Mercator Gold plc    
Patrick Harford, Managing Director Tel: +44 (0) 20 7929 1010
Denis Geldard, Chief Operating Officer Tel: +61 (0) 8 9316 9400
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    
Oliver Winters    

 

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