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: 29 MARCH 2016 - The directors of ECR Minerals plc (the “Directors”) are pleased to provide the following update regarding availability of the JORC Code-compliant technical report (the “Report”) being prepared by Snowden Mining Industry Consultants (“Snowden”) in relation to the Avoca and Bailieston gold projects in Victoria, Australia. 

The Directors have received a draft of the Report, and are working with Snowden to finalise the document.  It is anticipated that the Report will be completed by Snowden and published by the Company during April 2016.

Upcoming Investor Communications Events

ECR will be exhibiting at the UK Investor Show to be held on Saturday 30 April 2016 in London.  For more information, please visit: www.ukinvestorshow.com

Stephen Clayson, CEO of ECR, will be presenting the Company at the Global Mining Finance Spring Conference 2016 to be held on Wednesday 27 April 2016 in London.  For more information, please visit www.global-mining-finance.com/gmf-spring

ABOUT ECR

ECR is a mineral exploration and development company with 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’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.  This is considered particularly significant in view of an opportunity which may exist at Avoca to establish relatively near term gold production from the reprocessing of historical mine dumps, with the potential for sale of gravel and sand by-products.

 

FOR FURTHER INFORMATION PLEASE CONTACT:

ECR Minerals plc    
William (Bill) Howell, Non-Executive Chairman Tel: +44 (0)20 7929 1010
Stephen Clayson, Director & CEO    
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    
Nominated Adviser Tel: +44 (0)20 7148 7900
Emma Earl/Jo Turner    
     
     
Vicarage Capital Ltd    
Broker Tel: +44 (0)20 3651 2910
Rupert Williams/Jeremy Woodgate    
     
Blytheweigh     
Public Relations  Tel:   +44 (0)20 7138 3204
Tim Blythe/Camilla Horsfall    
     
     
     

FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements. Such statements may be subject to a number of known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward looking statements as a result of new information, future events or for any other reason.