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: 21 JULY 2015 - The directors of ECR Minerals plc (the “Directors”) are pleased to announce further positive results from trenching and test pitting at the Itogon epithermal gold project, northern Philippines.  Mineralised intervals from the trenching and test pitting are presented in tables 1 and 2 below, which comprise the complete results of the trenching and test pitting programme.  The results from trenches TR01, TR03, TR03A, TR04, TR06, TR12, TR13 and all test pits have not previously been reported.  Additional results have also been reported in respect of TR05.

Stephen Clayson, Chief Executive Officer of ECR, commented:

“We are pleased to report more strong results from trenching at Itogon, and to present the complete assay results of the programme in the tables below.  As previously announced, the results reflect the presence of a widespread supergene enriched oxide gold blanket occurring from surface in the main prospect area at Itogon.  It is also apparent from the previously announced results of drilling by ECR that deeper level exploration targets exist below the supergene blanket.   

Fieldwork in connection with the planned NI43-101 technical report is expected to commence this week, and will focus on integrating all available data into a geological model which will underpin the planned initial NI43-101 compliant resource and determine the direction of future exploration.” 

A set of maps pertaining to the exploration results reported today may be viewed at:  http://www.ecrminerals.com/itogon-drill-holes-trenching-test-pitting-july2015

Please click here to view the full announcement.