Update on SLM Gold Project, Argentina

ECR MINERALS plc
(“ECR Minerals”, “ECR” or the “Company”)

 

AIM: ECR

US OTC: MTGDY

 

LONDON: 13 NOVEMBER 2014 - ECR Minerals plc is pleased to provide the following update on activities at the SLM gold project in Argentina. The SLM project area is 100% held by ECR’s wholly owned Argentine subsidiary Ochre Mining SA (“Ochre”).

Further to ECR’s announcement of 2 September 2014, assay results from channel, dump, float and rock chip sampling are disclosed in Tables 1 and 2 below. The sampling encompassed the three main prospects within the SLM project area: El Abra, Maestro Agüero and JV-14. Detailed geological mapping of each prospect is continuing and is expected to be complete by the end of 2014.

Highlights from channel sampling at the Maestro Agüero prospect (apparent widths) include 1.60m at 28.44g/t gold (with 0.20m at 62.5g/t gold) and 6.10m at 3.77g/t gold (with 1.10m at 4.86g/t gold). Assays from sampling at the El Abra and JV-14 prospects include 37.80g/t gold (float from El Abra) and 44.90g/t gold (rock chip from JV-14).

A map relating to the sampling results disclosed in this news release may be viewed at: http://www.ecrminerals.com/q3-2014-ochre-samples-maestro-aguero The map is for illustration only and should not be relied upon for technical purposes.

 

Stephen Clayson, Chief Executive Officer of ECR, commented:

“Since activities on the ground in the SLM project area recommenced in January 2014 our understanding of the project has improved significantly. Assay results from sampling which took place during the third quarter of this year are disclosed in the tables below, and are within the range of our expectations. Completion of the current detailed geological mapping exercise later this year will assist in the interpretation of this sampling data and that from prior phases of work, and will help determine the appropriate path forward for SLM in 2015.”

To read the full announcement click here.