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: 30 OCTOBER 2015 - The directors of ECR Minerals plc (the “Directors”) are pleased to provide the following update regarding the Itogon gold project in the Philippines.

Further to the Company’s announcement dated 19 October 2015, the NI43-101 compliant Mineral Resource estimate for the Itogon project has been completed, and the technical report required under NI43-101 to support the disclosure of the Mineral Resource is at an advanced stage, although not complete.

It is expected that an announcement will be made during the week beginning 2 November 2015 disclosing the Mineral Resource estimate, and, in addition, the target for further exploration referred to in the Company’s 19 October 2015 announcement.  However, the full technical report will be published within 45 days of the announcement disclosing the Mineral Resource, pursuant to the relevant provisions of NI43-101. 

ABOUT ECR

ECR is a mineral exploration and development company with the right to earn a 50% interest in the Itogon epithermal gold project in the Philippines.  Itogon is an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines.

ECR 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.

FOR FURTHER INFORMATION PLEASE CONTACT: 

ECR Minerals plc  Tel: +44 (0)20 7929 1010
William (Bill) Howell, Non-Executive Chairman    
Stephen Clayson, Director & Chief Executive Officer    
Richard (Dick) Watts, Technical Director     
Email:This email address is being protected from spambots. You need JavaScript enabled to view it.    
Website: www.ecrminerals.com    
     
Cairn Financial Advisers LLP  Tel:  +44 (0)20 7148 7900
Nominated Adviser    
Emma Earl/Jo Turner    
     
Vicarage Capital Ltd  Tel:  +44 (0)20 3651 2910
Broker    
Rupert Williams/Jeremy Woodgate