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ECR Minerals #ECR – Gold and Niobium Rock Chip Results from the Lolworth Project, Queensland
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the results from the first batch of rock chips at the Lolworth Project, Queensland.
ECR Minerals plc has 100% ownership of three exploration tenements (EPM27901, EPM27902 and EPM27903), which covers the Lolworth Range, located 120km west of the famous gold district of Charters Towers. Previous exploration campaigns from 2021 have identified the presence of Gold (Au), Niobium-Tantalum (Nb-Ta) and REE mineralisation within the licenced area. The project is being explored under ECR’s Australian wholly owned subsidiary Lux Exploration Pty Ltd (“LUX”).
HIGHLIGHTS
- Gold results from outcrop in the Reedy Creek area of 22 g/t Au and 0.54 g/t Au.
- Niobium results up to 96.7 ppm from Pegmatite outcrops in the headwaters of Oaky Creek.
CEO Andrew Haythorpe commented: “Further great work from Adam Jones and the field team in collating and defining the key areas of interest at our Lolworth project. Exploring and mapping a large area of virgin territory requires an organised and disciplined approach, but it is rapidly becoming evident that thanks to the diligence of our field team, we are zeroing in on areas with high potential at Oaky Creek and Reedy Creek.”
“I look forward to reporting further news in the coming weeks.”
(Figure One) Map of the anomalous Niobium areas identified from soil sampling and rock chips to date in the headwaters of Oaky Creek:
Figure One: https://www.ecrminerals.com/images/2023/Fig1_Nb_Chips_230815.png
NIOBIUM ROCK CHIP RESULTS
A total of 74 rock chips were taken from outcropping pegmatites that abound within a highly anomalous niobium stream catchment area forming part of the upper end of Oaky Creek. Previous results from this stream for Niobium and Tantalum indicated the mineralisation source was likely to exist within the amphitheatre of this ridgeline (see Figure One above), and this was supported by pXRF analysis of soil samples taken and analysed with our hand held pXRF device (see announcement dated July 22 2023 here). The best Niobium samples were located on the western edge of the drainage area (see Figure One), and it was noted that these pegmatites had become altered by silica-albatised fluids. Results up to 96.7 ppm Nb were recorded, along with results across a further twelve samples all greater than 50 ppm Nb. Our team continue to systematically work across a large area, collecting further rock chip samples, and the Board believes that the combination of previous soil sample results and follow-up rock chip samples could ultimately lead our team to a potential source of mineralisation.
REEDY CREEK AREA
Reedy Creek has been a focus for gold mineralisation for the ECR field team. An initial 28 rock chips were taken from the hill slopes within the catchment area where visible coarse gold had been noted in the pan concentrate samples and where gold nuggets were located on the slopes above the best pan concentrate results. Only two rock chips to date have shown gold mineralisation, with a best result of 22 g/t Au obtained from a large quartz outcrop on one of the hillsides. A rock chip returning 0.54 g/t Au was obtained from a narrow quartz sub-crop residing on a spur ridge situated between two gold bearing creek drainages. The Board have concluded that the Reedy Creek area is host to gold mineralisation only.
FOLLOW UP ACTIVITIES
The field team has now moved further to the south of the project area to follow up gold bearing drainages. Prior to this move, a further batch of stream samples were submitted from streams on the western and southern side of Reedy Creek, some of which showed visible gold. The Board believes this could lead to another potential anomalous gold bearing area.
A programme of further defined soil sampling has been undertaken across the best results previously identified from the preliminary soil grid. These will be also analysed for Niobium by pXRF this month. The Board believes that these results will guide to better outcrops, that can in turn be followed up with rock chip sampling to confirm the presence of Niobium. The timing of this work is governed by cattle mustering activities in the area, but nonetheless it is expected that the work will be completed within the next few weeks.
Exploration is also continuing to the south of Reedy Creek on an adjoining cattle grazing property. The creeks observed within the area are geologically similar to Reedy Creek where coarse gold is present. The field team will map the area and take rock chips from the creek headwaters during the month, with results expected approximately 15 days from the samples arriving at the laboratory.
Separately, a large rock chip programme is scheduled to commence shortly at the Hurricane Project, located 400km north of the Lolworth Project.
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0) 20 7929 1010 | |||
| David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO |
||||
| Email: | ||||
| Website: www.ecrminerals.com | ||||
| WH Ireland Ltd | Tel: +44 (0) 207 220 1666 | |||
| Nominated Adviser
Katy Mitchell / Andrew de Andrade |
||||
| SI Capital Ltd | Tel: +44 (0) 1483 413500 | |||
| Broker | ||||
| Nick Emerson | ||||
| Novum Securities Limited | Tel: +44 (0) 20 7399 9425 | |||
| Broker
Jon Belliss |
||||
| Brand Communications | Tel: +44 (0) 7976 431608 | |||
| Public & Investor Relations | ||||
| Alan Green | ||||
ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Queensland, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.
ECR Minerals #ECR – Rock Chip Results from Tambo Licence EL7484 and Renewal of Bailieston Licence EL5433
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce further developments at their Victoria exploration licences EL5433 (Bailieston) and EL007484 (Tambo).
ECR Minerals plc has 100% ownership of EL5433 and EL007484 within the state of Victoria, Australia. EL5433 (Bailieston) exploration licence is located 50km east of the Mandalay Resources Costerfield Mine (producing Gold and Antimony). EL007484 (Tambo) is located within the eastern part of the state of Victoria. Both tenements are being operated under ECR Minerals plc Australian subsidiary Company Mercator Gold Australia (‘MGA’).
HIGHLIGHTS
- Results for 27 rock chips taken from gold prospects within the Tambo licence EL007484 received. Best results include 0.2m @ 22.2 g/t Au and 0.5m @ 5.72 g/t Au.
- Bailieston exploration licence EL5433 has successfully been renewed for a further 5 years.
CEO Andrew Haythorpe commented: “The pace of developments in Queensland this year ensures that our Lolworth and Hurricane projects remain ECR’s primary focus, but it is gratifying to note that initial rock chip sampling at our hitherto unexplored Tambo project in Victoria has already delivered some noteworthy gold grades. Our Board is firmly of the view that the minimum expenditure requirements to retain the key licenses at Bailieston and Tambo are warranted, and our teams will continue piecemeal work at these licenses throughout the year when it is logistically expedient to do so.”
TAMBO LICENCE ROCKCHIP RESULTS
Initial ground work was recently undertaken at Victoria licence EL007484 (Tambo) as part of ECR’s 2023 exploration schedule. A total of 27 rock chips were taken from exposed quartz veins in and around the historical gold workings known as the Duke of Cornwall and Swift Creek Reef. Best results include 0.2m @ 22.2 g/t Au and 0.5m @ 5.72 g/t Au and a complete set of results is tabulated in Appendix One below. The gold results correlate with elevated metals of Arsenopyrite and Bismuth. These two minerals are likely pathfinder elements which will help vector towards gold mineralisation in future exploration activities.
RENEWAL OF EL5433 (BAILIESTON)
ECR have also successfully renewed exploration tenement EL5433 (also known as Bailieston) for a renewed 5-year term (expiring March 27th 2028. The Bailieston licence contains the recently explored prospects known as HR3, Cherry Tree and Blue Moon. Although the discoveries made to date have been modest, the best prospects within the tenement still lie in the vicinity of HR3 where the last drillholes returned gold intercepts such as 4m @ 9.01 g/t Au (hole BH3DD043), 0.2m @ 9.22 g/t Au (hole BH3DD042) (see announcement dated October 14 2022 here for full details of these drill results). It is worth noting also that the strike extent at this location is still open to the north and at depth. The Bailieston tenement is situated halfway between the Costerfield Mine and tenements belonging to ASX listed Nagambie Resources, and the district is fast gaining a reputation for Antimony mineralisation. The Costerfield Mine, owned by Mandalay Resources is also producing Gold and Antimony. License EL5433 has a yearly minimum expenditure requirement of AUD $38000, and is adjacent to ECR exploration licenses EL006911 and EL 006912 granted in December 2022. ECR’s total exploration land package at Bailieston is 179 square kilometres.
NEXT STEPS
The Board is of the opinion that Tambo tenement EL007484 and Bailieston tenement EL5433 hold considerable nascent value and warrant the minimum required expenditure per year. As mentioned previously, the HR3 Goldfield on EL5433 still has exploration potential and follow-up work along strike from the previously good drill intercepts, and as such the Board plans to extend the possible strike of gold mineralisation to the north of HR3 with soil geochemistry work followed by drilling.
The Board is pleased with the initial rock chip sampling results at the Duke of Cornwall prospect at the Tambo licence EL007484, and is of the opinion that further investigation is warranted. Our initial findings establishing a strong correlation between Gold, Arsenic and Bismuth will also aid in future exploration. EL007484 is licenced to 25 November 2026 and is eligible for a grant of a further 5-year term provided the minimum expenditure and work commitments are reached. The Board is of the opinion that all ECR’s Victorian assets warrant further work in the future, but this will only take place once market conditions prove more supportive for junior explorers
ECR’s exploration focus this year has shifted towards the two North Queensland projects at Lolworth and Hurricane. Due to the potential size and range of mineralisation already identified (Gold, Antimony, Niobium, Tantalum and Rare Earths) in North Queensland, the assets in this region will remain our primary focus at this point in time.
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0) 20 7929 1010 | |||
| David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO |
||||
| Email: | ||||
| Website: www.ecrminerals.com | ||||
| WH Ireland Ltd | Tel: +44 (0) 207 220 1666 | |||
| Nominated Adviser
Katy Mitchell / Andrew de Andrade |
||||
| SI Capital Ltd | Tel: +44 (0) 1483 413500 | |||
| Broker | ||||
| Nick Emerson | ||||
| Novum Securities Limited | Tel: +44 (0) 20 7399 9425 | |||
| Broker
Jon Belliss |
||||
| Brand Communications | Tel: +44 (0) 7976 431608 | |||
| Public & Investor Relations | ||||
| Alan Green | ||||
ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Queensland, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.
APPENDIX ONE
TABLE ONE: All Rock Chip results from recent exploration on EL007484, Tambo, Victoria, Australia. (Au = Gold, Bi = Bismuth). Highlights in BOLD;
| SampleID | Prospect Location | Width of Vein
(metres) |
Au (g/t) | Bi (ppm) |
| BTR_0001 | Swifts Creek Reef | 0.01 | 0.01 | 2 |
| BTR_0002 | Swifts Creek Reef | 0.01 | 0.01 | 2 |
| BTR_0003 | Swifts Creek Reef | 0.01 | 0.01 | 2 |
| BTR_0004 | Swifts Creek Reef | 0.01 | 0.01 | 2 |
| BTR_0005 | Swifts Creek Reef | 0.01 | 0.06 | 2 |
| BTR_0006 | Swifts Creek Reef | 0.5 | 1.35 | 3.62 |
| BTR_0007 | Swifts Creek Reef | 0.5 | 1.43 | 4.01 |
| BTR_0008 | Swifts Creek Reef | 0.15 | 0.01 | 2 |
| BTR_0009 | Swifts Creek Reef | 0.15 | 0.01 | 2 |
| BTR_0010 | Swifts Creek Reef | 0.15 | 0.01 | 2 |
| BTR_0011 | Swifts Creek Reef | 0.15 | 0.01 | 2 |
| BTR_0012 | Swifts Creek Reef | 0.3 | 0.01 | 2 |
| BTR_0013 | Swifts Creek Reef | 0.5 | 0.71 | 2 |
| BTDCR_0001 | Duke of Cornwall Reef | 0.3 | 0.05 | 2.49 |
| BTDCR_0002 | Duke of Cornwall Reef | 0.2 | 22.2 | 429 |
| BTDCR_0003 | Duke of Cornwall Reef | 0.3 | 0.03 | 2 |
| BTDCR_0004 | Duke of Cornwall Reef | 1 | 0.01 | 2 |
| BTDCR_0005 | Duke of Cornwall Reef | 1 | 0.01 | 2 |
| BTDCR_0006 | Duke of Cornwall Reef | 1 | 0.05 | 6.33 |
| BTDCR_0007 | Duke of Cornwall Reef | 1 | 0.01 | 2 |
| BTDCR_0008 | Duke of Cornwall Reef | 0.5 | 0.01 | 2 |
| BTDCR_0009 | Duke of Cornwall Reef | 1 | 0.01 | 2 |
| BTDCR_0010 | Duke of Cornwall Reef | 1 | 0.03 | 6.86 |
| BTDCR_0011 | Duke of Cornwall Reef | 1 | 0.01 | 9.94 |
| BTDCR_0012 | Duke of Cornwall Reef | 1 | 0.01 | 2 |
| BTDCR_0013 | Duke of Cornwall Reef | 1 | 0.01 | 2 |
| BTDCR_0014 | Duke of Cornwall Reef | 0.5 | 5.72 | 228 |
ECR Minerals #ECR – Latest Results for Lolworth Gold, Niobium, Tantalum and REE Pan Concentrate Stream Samples
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the first batch of results for follow-up pan concentrate stream sampling targeting Gold, Niobium, Tantalum and REE at the Lolworth Project, Queensland.
ECR Minerals plc has 100% ownership of three exploration tenements (EPM27901, EPM27902 and EPM27903), which covers the Lolworth Range, located 120km west of the famous gold district of Charters Towers. Previous exploration campaigns from 2021 have identified the presence of Gold (Au), Niobium-Tantalum (Nb-Ta) and REE mineralisation within the licenced area. The project is being explored under ECR’s Australian wholly owned subsidiary Lux Exploration Pty Ltd (“LUX”).
HIGHLIGHTS
- A total of 200 results for pan concentration stream samples from the first part of the 2023 field season have been received.
- Gold pan concentrates with results up to 594 ppm and multiple occurrences of visible gold have been recorded around the Reedy Creek area.
- 28 out of 200 samples show values greater than 500 ppm in Niobium, and these results continue to add to the Board’s confidence that we are zeroing in on the source rocks and a potentially significant discovery.
- Rare Earth Element (Neodymium) has also been identified over a broad area of the project area with 19 out of the 200 samples greater than 1000ppm Nd.
CEO Andrew Haythorpe commented: “Putting aside the fact today’s results add a further significant piece to the Lolworth jigsaw, the progress announced today also serves to illustrate the painstaking and methodical work by Adam Jones and the field team in mapping and logging a hitherto virtually untouched and unexplored area. The detail now provided by the numerous Gold, Niobium and Tantalum results generated from this work are enabling us to zero in on the sources and the high potential locations in order that we can delineate drill targets.”
“ECR’s Lolworth project continues to exceed expectations. Meanwhile we expect to report further results from our projects within a week.”
(Figure One) Map of the Lolworth Project area with locations of best Gold Prospects Identified to date on the Lolworth Project Area:
https://www.ecrminerals.com/images/2023/Fig1_Gold_Aug-2023.png
(Figure Two) Map of Gold results to date from the Reedy Creek area:
https://www.ecrminerals.com/images/2023/Fig2_Reedy-Ck_Aug-2023.png
(Figure Three) Overview map showing the values of Niobium and Neodymium across the Lolworth Project area:
https://www.ecrminerals.com/images/2023/Fig3_Nb-Ta-Nd_Aug-2023.png
FIRST PAN CONCENTRATE RESULTS FOR 2023
ECR has received 200 results from the first submitted batch of pan concentrate samples for the 2023 field season. A total of 628 pan concentrate samples have been taken since the beginning of exploration at the Lolworth Project in 2022, and the field team continue to record daily occurrences of visible gold during the pan sampling process. Best gold results include 594 ppm and 138 ppm Au, and these are supported by the recurring presence of coarse visible gold.
Despite these promising readings, there is naturally a degree of bias due to the regular visible gold occurences, and the Board wish to stress that these results are not indicative of an in-situ resource within the creek itself. Nonetheless, the collective results do conclude that gold is present in these creeks and the sources could be present in the headwaters of these stream drainages. The field team has started the field season focussed on the Niobium-Tantalum (Nb-Ta) drainages of Oaky Creek and the Gold (Au) drainages in the vicinity of Reedy Creek (see Figures Two and Three above).
REEDY CREEK AREA
Situated within the centre of the Project area (see Figure One above), the drainages in the vicinity of Reedy Creek show the presence of gold only, with no indication of Nb or Ta. During field work, it was discovered that one stream within the area displayed signs of previous alluvial mining activity, most likely to be from the 1870’s. Although the adjacent drainage channels have yet to be fully worked through, the field team has already recorded the presence of gold during the current exploration program (see Figure Two above). In addition to this, the field team has also discovered coarse nuggety gold on the flats adjacent to other drainage channels in this area, along with visible gold discoveries in streams to the west. The overall picture for these gold results indicates that they originate from a high hill located in the centre of Reedy Creek (see Figure Two above). Further results from follow-up work samples taken across the Reedy Creek streams are awaited. In addition, numerous rock chips have been taken as a part of the first pass exploration within the headwaters of some these gold bearing streams. Results from these are due shortly.
NIOBIUM, TANTALUM AND REE (Neodymium)
The field team has also followed up the best stream drainage results from the previous campaign that recorded Niobium, Tantalum and other potential Rare-Earth Elements (REE) around the Oaky Creek area (see Figure One above). Due to the presence of Nb and Ta, the team are now testing for all known 12 REE’s (not previously tested for). These latest results add to the existing evidence, and continue to show a strong presence of Nb and Ta within the Oaky Creek area. In addition, the team have also proved that the presence of Neodymium (Nd) is spatially associated with Nb and Ta results across the Project area (see Figure Three above). Neodymium of course has numerous applications, and is used for strong magnets in electrical motors.
NEXT STEPS AND FURTHER RESULTS EXPECTED
As previously mentioned, the field team has taken numerous rock chips within the Reedy Creek area (Gold) and from the headwaters of the Oaky Creek area (Nb-Ta). These rock chips represent samples from outcrops seen on our first pass through Reedy Creek and Oaky Creek, and results from these samples are also expected.
Secondly, follow-up soil samples from the recently reported pXRF soil sampling results last month have now been completed ready for initial pXRF analysis during August.
The field team have now moved to the south from Reedy Creek into Gorge Creek (see Figure One above). The Project area covers working cattle properties, and as such a comprehensive work-around plan is in place. Given the progress to date, the Board are confident the field team will return to the Reedy Creek and Oaky Creek area before the field season finishes this summer to undertake further rock chip and soil sampling and to delineate future drill targets.
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0) 20 7929 1010 | |||
| David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO |
||||
| Email: | ||||
| Website: www.ecrminerals.com | ||||
| WH Ireland Ltd | Tel: +44 (0) 207 220 1666 | |||
| Nominated Adviser
Katy Mitchell / Andrew de Andrade |
||||
| SI Capital Ltd | Tel: +44 (0) 1483 413500 | |||
| Broker | ||||
| Nick Emerson | ||||
| Novum Securities Limited | Tel: +44 (0) 20 7399 9425 | |||
| Broker
Jon Belliss |
||||
| Brand Communications | Tel: +44 (0) 7976 431608 | |||
| Public & Investor Relations | ||||
| Alan Green | ||||
ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Queensland, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences
ECR Minerals #ECR – Adam Jones discusses the latest developments at Lolworth, Hurricane and Creswick
In the latest interview, Technical Director Adam Jones discusses the Lolworth niobium / tantalum announcement, the samples from the soil grid covering the main drainage channel and why the pXRF gun has proved so effective in identifying minerals like niobium. Adam explains how team originally went to Lolworth for gold, but they quickly realised the area’s potential for niobium, tantalum and rare earths and that the geology is very suited to hosting critical minerals. With 140+ rock chips collected, ECR expects a 2-3 week turnaround, but that the sheer size and scale of the area will require further rock chip collections and further refining of the best anomalous target areas.
Adam then moves to the Hurricane project, and his plans to return in August to determine access points and undertake further field work to collect rock chips. Finally Adam talks through yesterday’s Creswick announcement, and the company’s commitments to keep the ground work ticking along and further define ore shoots.
The interview finishes with Adam highlighting the expected news flow for the coming months, and explaining why the Queensland projects are lower risk and represent a bigger bang for the buck.
ECR Minerals #ECR – Further Gold Results from Soil Sampling at Quartz Hill, Creswick
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce newly received gold results from soil sampling activities at license EL006184 (Creswick), Victoria, Australia.
ECR Minerals also has 100% ownership of two adjacent approved exploration tenements (EL006713 and EL006907) at Creswick.
ECR CEO Andrew Haythorpe commented: “Although our current focus is on developing our Lolworth and Hurricane projects in Queensland, Creswick remains a key part of the ECR asset portfolio. I am delighted that the sampling work undertaken by Adam and the team has identified two potential 100m gold ‘shoots’, with additional potential for further shoots along the DMS strike and south towards Ballarat. We have planned a further visit to the Quartz Hill area at Creswick for the field team once our scheduled work at Hurricane and Lolworth in Queensland has been completed.”
“l look forward to reporting further findings from our asset portfolio in the coming days and weeks.”
HIGHLIGHTS
- Results from soil sampling activities at Quartz Hill, Creswick have identified two likely sources of gold mineralisation.
- Gold results in residual soils up to 0.3 ppm Au. Two anomalous ‘shoots’, each approximately 100m long delineated.
- Exploration for other sources or ‘shoots’ further along strike is open to the north and south of the area sampled.
Figures related to this announcement can be found here:
Figure One: Overview of the Creswick Project area and prospect locations:
Figure 1: https://www.ecrminerals.com/images/2023/Fig1_CQH_230721.png
Figure Two: Soil sampling results for Creswick (Quartz Hill) showing results (Au ppb), gold anomalies and historic gold workings.
Figure 2: https://www.ecrminerals.com/images/2023/Fig2_CQH_230721.png
QUARTZ HILL SAMPLING
Quartz Hill is a ridgeline located 3km to the NW of ECR’s Brewery Lane property (see Figure One above). The area is surrounded by historic alluvial gold workings, some of which head to the base of Quartz Hill. A soil sampling grid at a spacing of 15m x 15m was completed over the area to test up-hill for potential sources of gold. The final results from this work have delineated two possible sources of gold within the gridded area. These two anomalous areas (also known as ‘shoots’), each cover a 100m area along strike. Two historically mined alluvial gullies are sited adjacent to these two anomalies and can be seen clearly on the map in Figure 2 above.
NEXT STEPS
Two historical adits (tunnels) lead underneath the gridded hill which the Board believes will provide further opportunities for sampling of in-situ veins when our field team returns to Creswick. Quartz Hill is located within Crown Land to which ECR has full access to undertake any future drilling campaigns. In the meantime, soil sampling activities will continue on an ad-hoc basis at Creswick given that the Board’s primary focus is on building the Company’s North Queensland exploration assets at Lolworth and Hurricane. Nonetheless, Creswick is still considered an key asset within the ECR portfolio.
PREVIOUS SOIL SAMPLING ACCOMPANYING PROJECT AREA
The results today compliment previously reported soil sampling results across ECR’s Creswick tenements from exploration campaigns undertaken throughout 2021-2022. The primary focus at Creswick remains along strike at the Dimocks Main Shale trend (DMS) and parallel mineralised systems which are believed to extend south towards the historic mining centre of Ballarat. These mineralised systems are also believed to be the source of the historic rich alluvial gold (>70 tonnes) shed into the adjacent creeks and ancient river beds and mined over the last century. Previous announcements regarding sampling along strike of the mineralised trends can be found below:
- Davey Road Prospect – 22 December 2022 here
- Bush Inn Road Prospect – 17 April 2023 here
- Kuboid Hill and Mills Reef – 2 May 2023 here
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0) 20 7929 1010 | |||
| David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO |
||||
| Email: | ||||
| Website: www.ecrminerals.com | ||||
| WH Ireland Ltd | Tel: +44 (0) 207 220 1666 | |||
| Nominated Adviser
Katy Mitchell / Andrew de Andrade |
||||
| SI Capital Ltd | Tel: +44 (0) 1483 413500 | |||
| Broker | ||||
| Nick Emerson | ||||
| Novum Securities Limited | Tel: +44 (0) 20 7399 9425 | |||
| Broker
Jon Belliss |
||||
| Brand Communications | Tel: +44 (0) 7976 431608 | |||
| Public & Investor Relations | ||||
| Alan Green
|
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ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Queensland, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences
ECR Minerals #ECR – Initial interpretations of pXRF analysis from the first Lolworth Range Niobium Soil Grid
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the initial geological interpretations from pXRF analysis of the first planned soil grid which is following up previously identified pan concentrate Niobium results to date from the Lolworth Project, Queensland.
ECR Minerals plc has 100% ownership of three exploration tenements (EPM27901, EPM27902 and EPM27903), which covers the Lolworth Range, located 120km west of the famous gold district of Charters Towers. Previous exploration campaigns from 2021 have identified the presence of Gold (Au), Niobium-Tantalum (Nb-Ta) and REE mineralisation within the licenced area. The project is being explored under ECR’s Australian wholly owned subsidiary Lux Exploration Pty Ltd (“LUX”).
HIGHLIGHTS
- A total of 1488 planned soil samples have been completed.
- Samples were taken on a 100m x 50m grid pattern on ridgelines immediately above anomalous streams that were previously found to contain over 5000 ppm Nb (0.5%).
- In-house pXRF analysis of 1386 samples from the completed soil sampling have shown Nb values up to 146 ppm to be present in soils below the eroded ridgelines.
- The best Nb values also correlate with a decreasing K/Rb Ratio which suggests fractionation of the pegmatitic rocks and the increased fertility for the mineralisation of critical minerals.
- More defined follow-up soil sampling and rock chip sampling is on track to be completed this year.
CEO Andrew Haythorpe commented: “These pXRF results are part of the Lolworth exploration campaign and continue to contribute to the emerging picture there. The method saves both time and money and enables our field team to zero in on areas most likely to contain anomalous mineralisation without the expense of lab testing. Initial pXRF interpretations show consistent indicative Nb values, and as can be seen in Fig 2, the Nb grid values closely correlate with the results of the K/Rb fractionation ratio.”
“These results continue to support our view that Lolworth could be host to a significant Gold, Niobium, Tantalum and REE discovery, and I look forward to reporting back with the next phase of sampling and fieldwork results, along with our initial findings from the fieldwork follow up to the Hurricane project LIDAR survey.”
(Figure 1) Map of the Lolworth Project area with the location of the best Niobium pan concentrate results previously discovered and the location of the completed soil grid:
Figure 1: https://www.ecrminerals.com/images/2023/Fig1_230719
(Figure 2) Two maps showing the comparison of results from pXRF analysis of the soil samples. The fractionation index (K/Rb ratio) shown within the top plan and the Nb results are shown in the bottom plan. Note the highest Nb results spatially correlate to the increased fractionated of the pegmatite rocks (K/Rb ratio):
Figure 2: https://www.ecrminerals.com/images/2023/Fig2_230719
FOLLOW UP TO PREVIOUS WORK
ECR previously announced the identification of Nb-Ta mineralisation from the pan concentrate stream sampling programs on December 23rd 2022 here and February 1st 2023 here. The results of this sampling work concluded with the discovery of an anomalous north-south striking ridgeline in the centre of the project area, (see Figure One above for this location).
A broad soil sampling grid with a spacing 50m x 100m was then created over this ridgeline in order to identify the source rocks for the Nb-Ta. A pXRF spectrum instrument that detects heavy elements such as Nb was used for initial in-house testing for a total of 1386 samples. pXRF testing is a well proven methodology and stands up well in comparison to laboratory results although it cannot be used for quantifiable purposes. Even so the Board are satisfied that the pXRF results provide a firm and accurate identification of anomalous areas that can be sampled in greater detail and concentration, before finally undergoing laboratory testing. Importantly, this early stage sampling method saves valuable time and money.
K/Rb FRACTIONATION AND THE LINK TO FERTILE GRANTIES FOR NB-TA AND REE MINERALISATION
It is accepted geological practice that the Potassium (K) and Rubidium (Rb) values of granitic rocks can be used to calculate a fractionation ratio index. During the formation of the granitic host rocks, the Potassium can be replaced by the element Rubidium during the formation of the granite melt. Incompatible elements (such as Lithium and REE’s) are preferentially exsolved from this melt where the K/Rb ratio is broadly less than 150. The initial results of the K/Rb ratio derived from soil pXRF analysis show the lowest numbers are centrally located in the gridded area, (see Figure Two, top map). The K/Rb ratio is also supported by the increase of Nb concentrations within the gridded area, (see Figure Two, bottom map).
NEXT STEPS
The Board has already planned follow up soil sampling within the most prospective areas, with work scheduled to commence by end of August 2023. Rock chip samples have been taken from some of the anomalous stream catchment areas, and results from this work are anticipated within the next three weeks. Further rock chip sampling will be undertaken in other anomalous areas identified from these soil results.
Pan concentrate stream sampling work continues, with some 180 samples awaiting analysis at the laboratory. These samples follow up previous stream results, and it is anticipated that these will assist in identifying additional prospective ridgelines. The sampling process remains focussed on Gold, Nb-Ta and REE mineralisation, in addition to which numerous visible gold samples were noted during recent pan sampling work.
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0) 20 7929 1010 | |||
| David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO |
||||
| Email: | ||||
| Website: www.ecrminerals.com | ||||
| WH Ireland Ltd | Tel: +44 (0) 207 220 1666 | |||
| Nominated Adviser
Katy Mitchell / Andrew de Andrade |
||||
| SI Capital Ltd | Tel: +44 (0) 1483 413500 | |||
| Broker | ||||
| Nick Emerson | ||||
| Novum Securities Limited | Tel: +44 (0) 20 7399 9425 | |||
| Broker
Jon Belliss |
||||
| Brand Communications | Tel: +44 (0) 7976 431608 | |||
| Public & Investor Relations | ||||
| Alan Green | ||||
ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Queensland, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.
Link here for results appendix
ECR Minerals #ECR – Hurricane Force
Andrew Scott talks to ECR Minerals Technical Director Adam Jones about the recently completed LIDAR survey at the Hurricane Project. Adam explains the LIDAR technology and its accuracy, and describes the results and elevations identified alongside the existing outcrops on a NW strike trend. Adam discusses the primary prospects Tornado, Cyclone and Holmes – Tornado is at least 200m long, averaging 3m wide and up to 20m wide in parts, with the best historical rock chips registering 17 g/t Au. ECR are waiting for indigenous approval to send a bulldozer out to fix the access track. Adam adds to CEO Andrew Haythorpe’s previous appraisal that Hurricane is a later stage project, and he believes the simplified geology will enable the company to get in, drill out and establish a mineral resource estimate in fairly short order.
Adam also touches on the Lolworth soil samples results. WIth 200 stream seds and approx 130 rock chips taken, the labs have been instructed to test for gold results first, then niobium, tantalum and rare earths. A steady flow of news is expected over the next 3 months.
ECR Minerals #ECR – Potential Exploration Targets Defined from Recently Completed LIDAR Survey at the Hurricane Project, North Queensland
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia is pleased to announce it has received data from the recently completed LIDAR survey at exploration tenements (EPM 27518, EPM 25855 and EPM 19437) located in NE Queensland, together known as the Hurricane Project (“Hurricane Project”). Interpretation of the LIDAR data shows potential outcrops along strike at the existing Gold and Antimony mineralised quartz breccias known as the Tornado, Cyclone and Holmes prospects.
HIGHLIGHTS
- Aerial LIDAR survey completed over exploration tenements EPM 27518, EPM 25855 and EPM 19437, together known as the Hurricane Project.
- Interpretation of LIDAR shows resistant ridgeline structures along strike at the existing Gold and Antimony mineralised quartz breccias known as the Tornado, Cyclone and Holmes prospects. The Board believes that the structures could also host other mineralised breccias that have yet to be explored.
- A follow up site visit to evaluate the identified structures with rock chip sampling will take place in August.
ECR CEO Andrew Haythorpe commented: The ECR board are acutely aware of the impact that challenging markets are currently having on our shareholders, and I am therefore pleased to be able to report solid progress at our Hurricane project, with some hi resolution detail generated by the recent LIDAR survey. This is a project that I personally have detailed knowledge of and am vested in through work undertaken prior to my joining ECR as CEO. Our plan is to get boots back on the ground next month in order that we can firm up what the historical data, early fieldwork and the LIDAR findings have led us to believe – which is that Hurricane is a later stage gold and antimony property with exceptional near-term development potential.”
“I look forward to reporting on progress in the coming weeks and months.”
The extent of the LIDAR survey with the regional structural trends and known prospects can be found here:
Figure One: https://www.ecrminerals.com/images/2023/Fig1_230711.png
Interpreted outcrops along strike of known mineralisation at Hurricane can be found here:
Figure Two: https://www.ecrminerals.com/images/2023/Fig2_INSERT_230711.png
LIDAR SURVEY
The LIDAR (Light detection and ranging) survey is a well proven aerial survey method that sends out thousands of laser points to map the undulations of the ground surface in incredible detail. The initial Hurricane project LIDAR survey took place over an area of 50 square kilometres during the May to June in order to evaluate the terrain and plan for drill access to the Tornado, Cyclone and Holmes prospects (see Figure One above).
INTERPRETATION OF LIDAR DATA
The processing of the LIDAR data has revealed a number of such topography highs along strike at the Tornado, Cyclone and Holmes prospects (see Figure Two above), and in particular we are pleased to note that the weathering of the rock surrounding these known mineralised quartz breccias and stockwork veins has produced detailed, high resolution topography pictures. Although the Company cannot confirm that the outcrops identified from LIDAR host any mineralisation at this juncture, historically LIDAR interpretations generally represent a cost and time effective way to identify targets with potential for extensions to mineralisation, and these results add to our confidence in the project potential.
NEXT STEPS
The geology team have now scheduled a ‘boots on the ground’ field visit to investigate these targets during August. The targets will be mapped and rock chip samples will be taken to evaluate any mineralisation at the delineated targets, and also to provide additional targets for follow-up drilling.
REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON
This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.
FOR FURTHER INFORMATION, PLEASE CONTACT:
| ECR Minerals plc | Tel: +44 (0) 20 7929 1010 | |||
| David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO |
||||
| Email: | ||||
| Website: www.ecrminerals.com | ||||
| WH Ireland Ltd | Tel: +44 (0) 207 220 1666 | |||
| Nominated Adviser
Katy Mitchell / Andrew de Andrade |
||||
| SI Capital Ltd | Tel: +44 (0) 1483 413500 | |||
| Broker | ||||
| Nick Emerson | ||||
| Novum Securities Limited | Tel: +44 (0) 20 7399 9425 | |||
| Broker
Jon Belliss |
||||
| Brand Communications | Tel: +44 (0) 7976 431608 | |||
| Public & Investor Relations | ||||
| Alan Green
|
||||
ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Queensland, Australia.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.
ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.
ECR Minerals #ECR – Andrew Haythorpe & Adam Jones talk to Alan Green – June 2023
ECR’s Andrew Haythorpe & Adam Jones talk to Alan Green – June 2023. Adam Jones is live from the bush in Queensland, and initially discusses early findings at the Hurricane project, along with the plan of action for sampling and drilling in the coming months. Andrew then discusses the background to Hurricane and his knowledge of the project prior to his time with ECR, before discussing the plan to undertake a LIDAR survey of the project area. Adam and Andrew then discuss the latest progress from Lolworth, and the focus areas for sampling following the gold, niobium and tantalum discoveries last year and how Lolworth is shaping up into a multi commodity project of significant scale. Andrew then discusses the funding position, the challenging markets, plans for further non-core asset disposals and plans for the second drill rig that recently arrived at Melbourne. Finally Andrew re affirms his view that ECR has the some of the best assets he’s seen in recent years
ECR Minerals playing the big game – Andrew Scott talks to Andrew Haythorpe and Adam Jones
In a new June 2023 ‘on the ground’ interview, Andrew Scott talks to Andrew Haythorpe and Adam Jones about the exploration programme. Adam covers his schedule, boots on the ground at Hurricane (5-7 days) meeting the previous owner, and he will then be at Lolworth for the rest of June taking rock chips and sampling where the tantalum & niobium and rare earths were discovered last year. Andrew Haythorpe talks about the bigger picture for Lolworth in the back yard of Charters Towers, Pajingo etc, looks at the 1980s results, how the area is so unexplored and why the results, size and scale of the area offers so much potential. Both believe that very little would be needed to put the Lolworth discoveries on the scale of Charters Towers, given the 10km ridgeline, the specific area of interest 3.5 x 4km (12-20sq km), but there is also an overlap in the SE of the tenement with the same geology, which is totally untested, which could be 3x the size of the current ridgeline. Adam and Andrew then discuss the planning for Hurricane, putting in access tracks to the breccia veins with bulldozers and an initial RC drilling plan. Andrew explains how the current private landowners have been unable to exploit the asset, and how ECR are the first company with significant resources to get on the ground there.
Moving to Creswick, Adam touches on the underwhelming initial results, but points to the fact there is a 10k trend that remains to be tested, and the reasons why ECR has to work smarter. Adam looks at the geology of nearby Ballarat compared to Creswick – similar structure, narrow vein, anticlines etc, with some 30 veins already identified along the 10k strike. In summary, Andrew highlights the work Adam and the team have done with soil geochemistry and sampling and how they are ‘ranking’ the prospects to get the biggest bang for the ECR buck. In summary, the ECR team are are here to find good grades. Lolworth has some ‘smoking’ mineralisation and Andrew believes at Hurricane will deliver at 20-40-60m below surface, in other words a classicAustralian open cut mining start up which gives ECR a chance to play the big game.