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.

 

ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)

 

AIM: ECR
US OTC: MTGDY

London: 8 May 2012 - ECR Minerals plc is pleased to announce that Mr Paul Johnson has been appointed a non-executive director of the Company.

Mr Johnson (age 42) has been an active investor for more than 20 years and is a co-founder of MiningMaven, an investor communications service focused on the natural resources sector. His previous roles have included Business Risk Consulting Group Manager for FM Global and Regional Director for Capita McLarens.

Mr Johnson is a Chartered Accountant (England & Wales, 1996), an Associate of the Chartered Institute of Loss Adjusters (2000) and of the Chartered Insurance Institute (2005) as well as a Member of the Business Continuity Institute (2007). He holds a BSc (Hons) in Management Science (1991) from UMIST School of Management, Manchester, UK.

Mr Johnson is currently beneficially interested in 8,587,500 ordinary 0.1p shares of the Company representing approximately 1.2% of the Company's issued share capital.

Save for above and below and pursuant to Rule 17, Schedule Two (g) of the AIM Rules, the following information is disclosed in respect of Mr Johnson.

Current appointments:

Value Generation Ltd
Catalyst Strategies Ltd
Catalyst Information Services Ltd
Open2barter Ltd
Value at Risk Ltd
Commercial Assure Ltd
Strathmore Accountants Ltd
The Vitiligo Society

There is no other information regarding Mr Johnson required to be disclosed under the AIM Rules.

 

Patrick Harford, Executive Chairman of ECR Minerals plc, comments:

"I am delighted that Paul Johnson has accepted an appointment as a non-executive director of ECR. As an experienced investor in the natural resources sector with an accountancy and risk management background and as a co-founder of a respected investor communications service, Paul brings a valuable new perspective to the ECR board.

I am also pleased to advise that the board expects to appoint further non-executive directors, including a non-executive chairman, in the near future.”

 

About ECR Minerals plc

ECR is a mineral development company with interests in Argentina, the USA, Indonesia, Thailand and Australia.

 

For further information please contact:

ECR Minerals plc
Patrick Harford, Executive Chairman
Stephen Clayson, Director & Chief Financial Officer
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.
Daniel Stewart & Company plc
Paul Shackleton/Tessa Smith/David Hart Tel: +44 (0) 20 7776 6550
Old Park Lane Capital plc
Michael Parnes Tel: +44 (0) 20 7493 8188
Blythe Weigh Communications
Matthew Neal/Tim Blythe/Paul Weigh Tel: +44 (0)20 7138 3204