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 Minerals”, “ECR” or the “Company”)

 

 

 

LONDON: 28 NOVEMBER 2016 - The directors of ECR Minerals plc (the “Directors”) are pleased to announce that Optiva Securities Ltd, the Company’s joint broker, has published a research note on ECR entitled Victorian Gold: new Board, new direction, new opportunities.  This follows a recent site visit to the Company’s projects in Australia by Optiva’s mining analyst Phil Swinfen.

 

The research note may be downloaded from the ECR website: http://www.ecrminerals.com/investors-media/research-notes

 

Hard copies of the research note will also be available from ECR’s stand (number G7) at the Mines & Money London 2016 exhibition from 29 November to 1 December 2016, and from ECR representatives at the investor presentations being given by ECR in London on 28 November and 30 November 2016.  For further information about these events, please refer to the Company’s announcement dated 18 November 2016.

 

It should be noted that the research note is published by Optiva, not the Company, and that Optiva is solely responsible for the contents thereof.  Persons downloading the research note from the ECR website are advised to read the disclaimers on page 26 of the research note.

 

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

Ivor Jones, Executive 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 7213 0880

Nominated Adviser

 

Emma Earl / Jo Turner

 

 

 

Optiva Securities Ltd

Tel: +44 (0)203 137 1902

Joint Broker

 

Graeme Dickson

 

 

 

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