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: 31 JANUARY 2013 - The board of directors of ECR Minerals plc (the “Board”) announces that Keith Irons, Non-Executive Chairman has resigned as a director of the Company effective immediately.

Paul Johnson, previously Non-Executive Director, has replaced Mr Irons as Non-Executive Chairman. In addition, and with immediate effect, Stephen Clayson, previously Chief Operating Officer, has been appointed Chief Executive Officer of ECR and Richard Watts, an experienced mining engineer, has been designated the Company’s Non-Executive Technical Director.

Stephen Clayson, Chief Executive Officer of ECR, commented:

“The Board thanks Keith Irons for his efforts on behalf of ECR since May 2012, and we wish him well in his future endeavours. We believe the Board, with three directors, will have a very appropriate mix of skills and experience for ECR in its present stage of development.

The Company’s near term objectives include securing a joint venture partner or purchaser for its 100% owned Sierra de las Minas gold project in La Rioja Province, Argentina. ECR is also seeking new natural resource sector opportunities, but the Board will only proceed with such an opportunity if it perceives there is exceptional scope to create value for ECR's shareholders.”

ABOUT ECR MINERALS PLC

ECR is a mineral development company with, among other interests, 100% ownership of the Sierra de las Minas gold project in La Rioja Province, Argentina; a 21% fully diluted stake in THEMAC Resources Group Ltd (TSX-V: MAC), which is focused on the development of the Copper Flat copper-molybdenum-gold-silver porphyry project in New Mexico, USA; and a stake in Paniai Gold Ltd (unquoted), which has exposure to the Derewo River alluvial gold mining and exploration project in Papua, Indonesia.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

ECR Minerals plc    
Paul Johnson, Non-Executive Chairman Tel: +44 (0)20 7929 1010
Stephen Clayson, Director & Chief Executive Officer    
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.    
Website: www.ecrminerals.com    
     
     
Daniel Stewart & Company plc    
David Hart/Antony Legge Tel: +44 (0)20 7776 6550