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.

AIM: ECR

US OTC: MTGDY

 

ECR MINERALS plc

(“ECR” or the “Company”)

 

 

 

LONDON: 8 NOVEMBER 2016 - The directors of ECR Minerals plc are pleased to announce the appointment of Ivor William Osborne Jones (aged 57) as an executive director of the Company with immediate effect. 

 

Ivor Jones is a geologist with 30 years’ experience in the industry and is currently practising as an independent consultant based in Australia.  Mr Jones holds a BSc (Hons) in Geology from Macquarie University and an MSc in Resource Evaluation from the University of Queensland.  He is a Fellow and Chartered Professional (Geology) of the Australian Institute of Mining & Metallurgy (AusIMM) and a Member of the Joint Ore Reserves Committee (JORC). 

 

Mr Jones has extensive expertise in all aspects of geology, including project evaluation, resource estimation and the preparation of JORC and NI43-101 reports, across both precious and base metals.  His previous roles have included numerous positions with leading consultancy Snowden Mining Industry Consultants (“Snowden”), including as Group General Manager of Geosciences from 2009 until 2014.  Mr Jones has also held positions at operating mines, including as Manager of Mine Geology at the Leinster Nickel Operations of WMC Resources Ltd in Western Australia, and as Group Resource Geologist for Anvil Mining Ltd with operations in the Democratic Republic of Congo.  He has experience of working in Australia, Africa, North and South America, Europe and the Philippines.

 

Craig Brown, Chief Executive Officer of ECR, commented:

“I am delighted that Ivor has joined our team.  I have known him professionally since 2004 and have great confidence in his abilities, particularly as a resource geologist.  While working for Snowden, Ivor assisted Kryso Resources plc in converting an historically small gold resource under the Soviet code into a five million ounce Mineral Resource reported using the JORC code.

 

Ivor’s extensive experience and exceptional geological knowledge, particularly in Australia, will be invaluable to ECR as we concentrate on maximising the value of the Company’s existing projects in Australia, Argentina and the Philippines, whilst also considering new opportunities.”

 

Additional Information Required by AIM Rule 17

 

Pursuant to Rule 17, Schedule Two (g) of the AIM Rules, the following information is disclosed in respect of Ivor Jones:

 

Current Appointments

Appointments in the last 5 years

Mercator Gold Australia Pty Ltd1

-

Denny Jones Pty Ltd

 

 

 

1 A subsidiary of ECR Minerals plc

 

There is no other information regarding Mr Jones required to be disclosed under the AIM Rules.

 

ABOUT ECR

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has acquired 100% ownership of the Avoca and Bailieston gold projects in Victoria, Australia.  ECR has earned a 25% interest in the Danglay epithermal gold project, 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, 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

 

Craig Brown, Director & CEO

 

 

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 7213 0880

Nominated Adviser

 

Emma Earl / Jo Turner

 

 

 

Optiva Securities Ltd

Tel: +44 (0)203 137 1902

Joint Broker

 

Graeme Dickson / Jeremy King

 

 

 

Vicarage Capital Ltd

Tel: +44 (0)20 3651 2910

Joint Broker

 

Rupert Williams / Jeremy Woodgate

 

 

 

Blytheweigh

Tel: +44 (0)20 7138 3204

Public Relations

 

Tim Blythe / Camilla Horsfall / Nick Elwes

 

 

 

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.