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: 9 May 2012 - ECR Minerals plc is pleased to provide the following update on activities at the El Abra prospect within the Company’s Sierra de las Minas gold project area in La Rioja Province, Argentina.

Further to ECR’s announcement of 27 April 2012, all 12 holes of the 1,000m diamond drilling programme which commenced at El Abra in late March 2012 have been completed and core samples from the last 4 holes of the programme have been sent for assay at the internationally accredited AcmeLabs laboratory in Mendoza, Argentina.

Assay results in respect of holes 9, 10, 11 and 12 are awaited, and are still pending in respect of hole 4. Assay results for all 5 outstanding holes will be announced in due course.

 

Proactive Investors Presentation

ECR will be presenting at the Proactive Investors One2One Investor Forum to be held on 17 May 2012 at the Chesterfield Mayfair Hotel (Charles Suite), 35 Charles Street, Mayfair, London W1J 5EB. The event begins at 6pm and persons wishing to attend may register at www.proactiveinvestors.co.uk

 

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