ECR Minerals PLC - mining company focused on Australian gold projects - Notes ‘significant progress’ across portfolio. Says samples of up to 75.6 grammes per tonne, 1.32 g/t, and 1.29 g/t of gold found at Uncle Terry Prospect in Lolworth, Queensland. Says samples found in new mineralised quartz vein about 400 meters northwest of main prospect. Adds follow-up mapping traces ‘visible part of this outcrop for at least 100 meters in strike and ending in a quartz blow where Galena (Lead-Silver) is clearly visible’. Further, says several mineralised quartz shears at least 1 meter wide have been mapped at the prospect, of which, the mean shear zone has shown lead and silver with best rock chips of 1.89% lead and 11 samples greater than 5 grammes per tonnes of silver, of which includes 272 g/t and 69 g/t silver. Says is conducting soil sampling to look for hidden gold bearing outcrops in the area.
At Lolworth, says 378 rock chip samples covering all five gold prospects are due in the coming weeks. Expects confirmation of high-grade gold. Says silver is the strongest pathfinder element correlating to gold mineralisation at the site. Notes stream sampling for gold and rare earths on the eastern side of the project is progressing well and near completion. At Blue Mountain, Queensland submits further samples to laboratory to determine commercial options for gold recovery. Follows positive sampling results announced August 1.
At Tambo, Victoria, ECR signs agreement with drilling contractor as chief geologist Adam Jones visits this week. Expects maiden diamond drilling campaign in the coming weeks. At Baillieston, Victoria files application to conduct further exploration following positive Antimony results announced on July 3.
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