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: 2 SEPTEMBER 2014 - ECR Minerals plc is pleased to provide the following update on activities at the SLM gold project in Argentina. The SLM project area is 100% held by ECR’s wholly owned Argentine subsidiary Ochre Mining SA (“Ochre”).

Results of Sampling Historical Trenches in JV-14 Zone

Further to ECR’s announcement of 21 July 2014, assay results from the programme of cleaning and sampling historical trenches in and around the JV-14 zone referred to by that announcement have been received and are disclosed in Table 1 below.

Several very high grade assay results up to 66.40g/t gold (over 0.67m) were obtained from channel sampling within and nearby the trenches. Other highlights from channel sampling included 27.80g/t gold over 1.20m and 27.00g/t gold over 0.50m. Rock chip sampling within the trenches returned assay results up to 30.60g/t gold.

A series of maps relating to the sampling results disclosed in this news release may be viewed at: http://www.ecrminerals.com/JV-14-zone-sampling-July-2014 The maps are for illustration only and should not be relied upon for technical purposes.

Historical drilling data included on certain of the maps is as disclosed in the Company’s news release dated 24 June 2014 and is subject to the cautionary statements therein.

 

 

 

The full version of this news release may be viewed by clicking here.