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ECR Minerals #ECR – Encouraging Results from First Drill Hole of 2022 at Blue Moon, Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce gold results from the first drillhole for 2022 (BBMDD004) completed at Blue Moon.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black Cat. The projects are operated and drilled by ECR’s Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
ECR CEO Andrew Haythorpe commented: “I am pleased to report an encouraging grade from the first Blue Moon drill hole of the 2022 Blue Moon campaign. The programme has been designed to test for mineralised continuity of the Blue Moon gold bearing structure and we’re very encouraged by what we’ve seen so far. As previously stated, the drill site is located west of where the 2019 RC drill programme finished, so a decision on further drilling activity will be made once the results for the remaining holes are in.”
“ECR is entering a busy period as we complete our initial sampling campaign at Lolworth and finalise planning an initial field campaign at the Hurricane project in N Queensland. With soil sample lab results from Creswick also due, I am very much looking forward to reporting results of the next three Blue Moon holes along with our next steps to the market as and when we have them.”
HIGHLIGHTS
- Results from the first diamond drillhole for 2022 are encouraging with 0.5m @ 7.29 g/t Au from 96.9m.
- Drilling continues with three out of a planned four-hole program completed to date with samples awaiting results pending.
Figure 1. Best gold intercept with the BBMDD004 drill core is represented here;
https://www.ecrminerals.com/images/2022/fig1_Best_Intercept_BBMDD004.png
BBMDD004
BBMDD004 is the first diamond drillhole completed from an initial four-hole programme designed to test for mineralised continuity of the Blue Moon gold bearing structure. The drill site is located west of where the 2019 RC drill programme finished. Hosted within an east-west striking dyke formation, mineralisation at the Blue Moon prospect is characterised by alteration and bleaching of the dyke as seen in figure 1 above. The mineralised fluids responsible for the bleaching are also identified by the increase in the arsenic geochemistry and pyritic sulphidation. Geological logging to date has also identified that gold mineralisation is most evident in the vicinity of millimetre scale swarms of quartz-carbonate veinlets (figure 1). The best intercept in BBMDD004 of 0.5m @ 7.29 g/t Au from 96.9m downhole is associated with such veinlets. All reportable gold intercepts greater than 0.1 g/t Au from hole BBMDD004 are presented in Table 1 below.
NEXT STEPS
Drilling is now complete at three out of the four planned holes. Sampling has also been completed and we anticipate that the next results will be reported before the Christmas period. The drill core looks encouraging with typical bleaching and sulphides present in all holes drilled to date. Accordingly, the Directors have agreed that the final decision to continue with further drilling will be based on the pending drill results.
Table 1. Drill intercepts containing reportable levels of gold in BBMDD004
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 35 | 36 | 0.11 | 1 | 0.11 |
| 36 | 36.6 | 0.11 | 0.6 | 0.07 |
| 85.4 | 86.4 | 0.56 | 1 | 0.56 |
| 86.4 | 87.4 | 0.17 | 1 | 0.17 |
| 87.4 | 88 | 0.27 | 0.6 | 0.16 |
| 88 | 89 | 0.15 | 1 | 0.15 |
| 89 | 89.9 | 0.72 | 0.9 | 0.65 |
| 89.9 | 91 | 0.31 | 1.1 | 0.34 |
| 92 | 93 | 0.20 | 1 | 0.20 |
| 96.9 | 97.4 | 7.29 | 0.5 | 3.65 |
| 97.4 | 98.4 | 0.21 | 1 | 0.21 |
*Gram metres represents the contained Au metal within the reported length, calculated as interval (m) multiplied by grade (g/t Au)
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: info@ecrminerals.com | ||||
| 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 70% 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
ECR Minerals #ECR – Director Adam Jones discusses the latest Creswick update, plus Bailieston, Blue Moon and Lolworth projects
ECR Technical Director Adam Jones talks to Alan Green about the latest re-assay update from Creswick and the bumper gold grades. We look at what this will mean for Creswick going forward, before moving onto the final drilling results announced last week from Bailieston, the latest drilling news from the Blue Moon project and the Lolworth Range sampling programme in N Queensland. We finish with some near term milestones for investors to look out for.
ECR Minerals #ECR – Re-assay of Creswick Diamond Drill Core Reveals High Grade Results Including 0.7m @47.75 g/t Au
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce results from a re-assay of selected diamond drill core from the Creswick diamond drilling program completed in 2021.
ECR Minerals plc has 100% ownership of the Creswick Project within licence area (EL006184), which resides 14km north-east of the City of Ballarat, Victoria, Australia. The Company is exploring a number of parallel-gold mineralisation trends that are believed to extend 10km south towards Ballarat through two other tenements in hand, respectively (EL006907) and (EL006713). Licence EL006907 is approved for commencement of work whilst the EL006713 application has been accepted and is awaiting final approval from the Victoria State Government, at this stage there can be no guarantee that this licence will be granted but the Directors have every expectation it will be. All Creswick tenements are operated by the 100% owned Australian subsidiary company Mercator Gold Australia Pty. Ltd.(” MGA”).
ECR CEO Andrew Haythorpe commented: “On behalf of the board, we are delighted that a programme to retest the 2021 Creswick drill core has yielded these exceptionally good gold grades. On my visit to the Creswick tenements with Adam Jones earlier this year, I saw the potential on the ground for myself, and it was this that convinced me that our plan to retest the Creswick core samples was well justified.”
“The Board believes Creswick to be a valuable asset with great potential. We look forward to reporting back with the soil sample lab results and subsequent action plan in the coming weeks.”
HIGHLIGHTS
- Duplicate sampling of selected quartz-mineralised intercepts from the diamond drilling campaign of 2021 shows significant increase in reportable gold grades including;
- 7m @ 47.75 g/t Au from 147m in hole CSD001.
- 1m @ 6.13 g/t Au from 98m in hole CJD002.
- 1m @ 3.9 g/t Au from 86.5m, also in hole CJD002.
- Results from duplicate samples reveal the high variability of coarse gold present at Creswick.
- Sampling protocols are proving to be the right strategic method for continuing a sound and aggressive exploration method at Creswick.
- Ongoing surface exploration in the immediate area is testing for follow-up drill targets.
Link to a plan of the diamond drilling in 2021 can be found here in Figure 1:
https://www.ecrminerals.com/images/2022/fig1_Creswick_DD2021_Re-assay_221018.png
BACKGROUND
ECR Minerals completed a 16-hole diamond drill program on EL006184 during 2021. A total of 3433 metres of HQ sized, orientated diamond core was drilled. The location of the diamond drilling can be seen in Figure 1 above. As per standard industry practice, the original samples were half-sawn and submitted into the Gekko Laboratory, Ballarat to undergo bulk Leachwell analysis and fire-assay for gold content. The remnant other half of the sampled core is kept and preserved for future reference. The erratic and coarse nuggety nature of the gold particle size at Creswick was known from previous sampling campaigns in 2019 (see RNS ‘Update on Creswick Gold Project, Victoria, Australia dated 5 November 2019 here), where bulk sampling of RC Drilling residues showed the presence of coarse gold that was missed from initial sampling and subsequently improved the gold grades. With this knowledge, selected remaining half-core samples (known as duplicates) from the 2021 diamond drill campaign were recently submitted for further analysis.
DUPLICATE RESULTS
As suspected, the results from duplicating the diamond drilling also show high variability in gold grades. The best result came from duplicating a 70cm sample that originally assayed at 0.1 g/t Au in hole CSD001 from 147m drilled depth. In this case the duplicate returned 0.7m @ 47.75 g/t Au. Other results of note include 1.1m @ 6.13 g/t Au (originally assayed at 0.15 g/t Au) from 98m depth in hole CJD002. It must be also pointed out that some of the high-grade gold results in the original sampling did not replicate with the follow up duplicate samples. The Directors view this disparity as a positive sign, believing that it further confirms the nature of the coarse, high-grade gold style of mineralisation previously encountered. A full list of all duplicate results is listed in Table 1 below.
Table 1. Full list of all gold results (g/t Au) from the duplicate sampling of the 2021 diamond drilling campaign. A comparison of the duplicate assays to the original assays is shown by a positive or negative difference.
| HoleID | From (m) | To (m) | Length(m) | Original Assay (g/t Au) | Duplicate Assay (g/t Au) | Difference (g/t Au) |
| CJD001 | 254.6 | 255 | 0.4 | 0.11 | 0.04 | -0.07 |
| CJD001 | 324 | 324.5 | 0.5 | 0.54 | 0.04 | -0.5 |
| CJD001 | 325.5 | 326 | 0.5 | 0.11 | 0.04 | -0.07 |
| CJD002 | 8 | 9 | 1 | 0.2 | 0.04 | -0.16 |
| CJD002 | 55.4 | 56.5 | 1.1 | 0.34 | 0.05 | -0.29 |
| CJD002 | 78.5 | 79.1 | 0.6 | 2.99 | 0.06 | -2.93 |
| CJD002 | 79.1 | 80.1 | 1 | 0.26 | 0.04 | -0.22 |
| CJD002 | 83.4 | 84.4 | 1 | 0.19 | 0.24 | 0.05 |
| CJD002 | 86.5 | 87.5 | 1 | 0.15 | 3.9 | 3.75 |
| CJD002 | 93.6 | 94.6 | 1 | 0.75 | 1.69 | 0.94 |
| CJD002 | 98 | 99.1 | 1.1 | 0.15 | 6.13 | 5.98 |
| CJD002 | 109.4 | 110.4 | 1 | 0.13 | 0.17 | 0.04 |
| CJD002 | 214.9 | 215.4 | 0.5 | 0.13 | 0.04 | -0.09 |
| CSD001 | 12.3 | 12.55 | 0.25 | 0.19 | 0.04 | -0.15 |
| CSD001 | 43.15 | 44.15 | 1 | 0.23 | 0.04 | -0.19 |
| CSD001 | 58.2 | 59.1 | 0.9 | 0.92 | 0.04 | -0.88 |
| CSD001 | 86 | 87 | 1 | 0.13 | 0.3 | 0.17 |
| CSD001 | 131.9 | 132.9 | 1 | 9.68 | 0.81 | -8.87 |
| CSD001 | 147 | 147.7 | 0.7 | 0.1 | 47.75 | 47.65 |
| CSD001 | 147.7 | 148.7 | 1 | 0.25 | 0.04 | -0.21 |
| CSD001 | 205.65 | 206.45 | 0.8 | 0.11 | 0.04 | -0.07 |
| CSD001 | 206.45 | 207.4 | 0.95 | 0.14 | 0.18 | 0.04 |
| CSD001 | 211.95 | 212.45 | 0.5 | 0.11 | 0.06 | -0.05 |
| CSD001 | 224.9 | 225.9 | 1 | 0.1 | 0.04 | -0.06 |
| CSD001 | 225.9 | 226.9 | 1 | 0.12 | 0.04 | -0.08 |
| CSD001 | 226.9 | 227.9 | 1 | 0.11 | 0.04 | -0.07 |
| CSD001 | 231.4 | 232.45 | 1.05 | 0.11 | 0.04 | -0.07 |
| CSD001 | 240 | 241.05 | 1.05 | 0.37 | 0.61 | 0.24 |
| CSD001 | 257.3 | 257.7 | 0.4 | 0.26 | 0.04 | -0.22 |
| CSD002 | 65.9 | 66.5 | 0.6 | 0.22 | 0.04 | -0.18 |
| CSD002 | 99.9 | 100.8 | 0.9 | 0.2 | 0.04 | -0.16 |
| CSD002 | 173.1 | 174.1 | 1 | 4.78 | 0.04 | -4.74 |
| CSD002 | 178.7 | 179.2 | 0.5 | 0.16 | 0.04 | -0.12 |
| CSD002 | 179.55 | 179.85 | 0.3 | 0.19 | 0.04 | -0.15 |
| CSD002 | 179.85 | 180.2 | 0.35 | 0.39 | 0.05 | -0.34 |
| CSD002 | 182.1 | 183.1 | 1 | 0.11 | 0.04 | -0.07 |
| CSD003 | 84.2 | 85.15 | 0.95 | 9.93 | 0.04 | -9.89 |
| CSD003 | 89.05 | 90 | 0.95 | 23.58 | 1.45 | -22.13 |
| CSD004 | 125.7 | 126.7 | 1 | 0.18 | 0.04 | -0.14 |
| CSD005 | 84 | 85 | 1 | 0.22 | 0.04 | -0.18 |
| CSD005 | 91.8 | 92.3 | 0.5 | 0.16 | 0.04 | -0.12 |
| CSD005 | 94.32 | 95.3 | 0.98 | 0.13 | 0.04 | -0.09 |
| CSD007 | 26 | 27 | 1 | 0.15 | 0.04 | -0.11 |
| CSD007 | 67.6 | 68.2 | 0.6 | 0.16 | 0.04 | -0.12 |
| CSD007 | 233 | 233.5 | 0.5 | 0.1 | 0.04 | -0.06 |
| CSD007 | 233.5 | 234.5 | 1 | 0.11 | 0.04 | -0.07 |
| CSD008 | 26.4 | 27.1 | 0.7 | 0.45 | 0.04 | -0.41 |
| CSD008 | 27.1 | 27.9 | 0.8 | 0.69 | 1.29 | 0.6 |
| CSD009 | 88.3 | 88.7 | 0.4 | 0.28 | 0.27 | -0.01 |
| CSD009 | 149.7 | 151 | 1.3 | 0.21 | 0.26 | 0.05 |
| CSD011 | 62 | 62.5 | 0.5 | 0.29 | 0.35 | 0.06 |
| CSD011 | 71 | 72 | 1 | 0.12 | 1.99 | 1.87 |
| CSD012 | 113 | 113.5 | 0.5 | 0.61 | 0.04 | -0.57 |
| CSD013 | 80.5 | 81.5 | 1 | 1.98 | 1.51 | -0.47 |
| CSD014 | 18.4 | 19.4 | 1 | 0.14 | 0.88 | 0.74 |
| CSD014 | 19.4 | 20.4 | 1 | 0.12 | 0.16 | 0.04 |
| CSD014 | 55.8 | 56.4 | 0.6 | 0.24 | 0.32 | 0.08 |
SUMMARY
As with the results from the 2019 bulk sampling testing, our results also prove the gold at Creswick is coarse and erratic, and as a result mineralisation sampling protocols must take these factors into account. Poor sampling practices could potentially jeopardise a gold project such as Creswick, so armed with this knowledge, previous results from past exploration companies could reveal new opportunities for missed targets.
The Directors believe that in addition to the presence of gold in drilling samples, the erratic nature of mineralisation at Creswick means that gold can also be found in soil and rock chip samples. Recently a suite of soil samples was submitted to the laboratory to test different sampling methodologies. The results will help decide if one (or multiple) methods will be used to target blind gold outcrops for follow-up drilling. Now the backlog in receiving lab samples has been dealt with, the Directors expect these sample results very soon.
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.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
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.
https://mercatorgold.com.au/
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.
https://luxexploration.com/
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 70% 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 – Two Mineralisation Corridors Identified in Hole BH3DD032 at Bailieston, Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the final gold results from the 2022 drill program at the HR3 prospect at Bailieston.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black Cat. The projects are operated by ECR’s Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
ECR CEO Andrew Haythorpe commented: “Some very encouraging grades have emerged from these results, and in particular the average of 9.01g/t over 4m at hole BH3DD043 could very likely result in follow up work, which is supported by our Technical Director Adam Jones. We will now evaluate this full dataset, decide on the next steps and report back in due course.”
“Drilling at Blue Moon is progressing and I look forward to reporting the lab results back to you as soon as they arrive.”
HIGHLIGHTS
- Best results in BH3DD043 with a composited grade of 9.01 g/t Au over a drilled width of 4 metres.
- Further results from the Maori Anticline include 1m @ 4.96 g/t Au (BH3DD042) at a depth of 273m
- Multiple intersections along strike of the Scoulers Reef including 0.2m @ 9.22 g/t Au (BH3DD042), 0.5m @ 4.55 g/t Au (BH3DD037) and 1m @ 3.34 g/t Au (BH3DD038)
A plan of the HR3 Goldfield and the location of this reported drilling with the 10 ten intercepts can be found here:
Fig 1: https://www.ecrminerals.com/images/2022/fig1_221015_Final_Drilling_Results_2022_HR3.png
BACKGROUND TO DRILL PROGRAM
ECR Minerals have been drilling targets throughout 2022 on their Bailieston tenements located in Victoria, Australia. Our drilling activity has been predominantly within the HR3 Goldfield, focussed on the main NNW striking gold-quartz mineralised systems including Byron Reef, Scoulers Reef and the Maori Reef. Initial drilling by ECR in 2021 focussed on the Byron Reef and indicated that gold mineralisation was not continuous (see RNS 1 below).
In early 2022 the focus shifted to the Maori Reef which is the most easternly known vein system within the HR3 Goldfield. ECR geologists concluded that the Maori Reef is hosted within an anticlinal fold now called the ‘Maori Anticline’. Early drilling into this anticline has been successful (Holes BH3DD009, BH3DD010 and BH3DD011). Drilling continued to follow the anticlinal fold to the north and in depth with successful intersections in holes BH3DD019, BH3DD012 and BH3DD034, which contained visible gold (see RNS dated 22 November 2021 for more details of these drill hole results, a link of which is also set out below).
The reported drill results in this announcement are for the final drilling completed to date at HR3 and follow up the best results adjacent to hole BH3DD034, and in additional test drilling into the parallel quartz reef systems. Drilling was completed at the end of July 2022. Final results have just been received after long delays in laboratory turn-around due predominantly to issues relating to the COVID-19 pandemic.
Previous Drill results for HR3
- 22 December 2021 – BH3DD010, BH3DD011;
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/wkn801w
- 23 December 2021 – Bailieston (HR3) Soil Sampling
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/rmzlq5w
- 14 March 2022 – BH3DD012, BH3DD034 (Visible Gold)
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/xeekpyx
- 22 April 2022 – BH3DD027 (Hard-Up Reef)
https://polaris.brighterir.com/public/ecr_minerals_plc/news/rns/story/w0mnmnx
DETAILS OF FINAL DRILLING
A total of eight holes were drilled in this final stage of drilling, and a summary of the work and associated results are set out below. Full details of the drill results are set out at the end of this announcement:
BH3DD036
BH3DD036 was drilled underneath the north end of the Maori Reef at the point where historical workings ended. The Maori Anticline was passed through at 92m where the hinge faulted. The best result was 0.3m @ 0.28 g/t Au from 176m. Drilling ended at a depth of 206.55m
BH3DD037
The drill team moved to the centre of the HR3 Goldfield to test the Scoulers Reef near the surface. A selected number of the following drillholes were also extended to test the Maori Anticline at depth. BH3DD037 drilled underneath the coincidental reported soil ‘Anomaly C’ (see RNS dated 23 December 2021, a link for which is above) and the location of earlier high-grade rock chips. Drilling results show a broad zone of lower grade mineralisation (see Table 2 below). The best intersection was 0.5m @ 4.55 g/t Au from 33.6m which relates to the Scoulers Reef. The hole ended at 115.8m.
BH3DD038
This hole drilled towards the east, passing through the Scoulers Reef at 27m depth and the Maori Anticline at 280m depth. The best intercept was 1m @ 3.34 g/t Au from 27m. A speck of visible gold was noted in thin quartz veinlets at 175.8m, however this was not reflected in the sampled grade of (0.4m @ 0.42 g/t Au from 175.8m). Drilling ended at a depth of 308.5m.
BH3DD039
Hole BH3DD039 was drilled underneath soil anomaly ‘B’ as reported in December 2021 (see RNS dated 23 December 2021, a link for which is above). Despite the presence of anomalous gold, no significant results greater than 1 g/t Au where intersected. Best result was 1m @ 0.96 g/t Au from 62.7m. This hole finished drilling at 140.8m.
BH3DD040
This hole was drilled towards the intersection of the Maori and Hard-Up Reef at depth. The Maori Reef was intersected at 242.3m with a grade of 1.96 g/t Au over a length of 0.35m. The best result from this hole was from the Scoulers Reef with 0.4m @ 3.99 g/t Au from 13.6m depth. This hole ended at 275.1m
BH3DD041
Whilst drilling continued towards the east into the Maori Antcline and Scoulers Reef, the decision was taken to drill a preliminary hole into the Byron Reef to the south of the old Byron Mine (see figure 1 above) after locating an exploration percussion hole from an earlier phase of exploration in the 1980’s. Historical documentation showed the hole BLP140 had previously yielded 3m @ 28 g/t Au from 33m. ECR’s drilling revealed the presence of a major shear zone containing sulphide and quartz mineralisation around 104m in depth. No significant gold was intercepted with the best result being 0.4m @ 0.53 g/t Au from 64.6m. This hole finished at 139.8m
BH3DD042
This hole was intended to drill deep into the Maori Anticline underneath the previous drilling of BH3DD017 and BH3DD012. The anticline was successfully identified at 273m where mineralisation was sampled returning 1m @ 4.96 g/t Au. The Scoulers Reef was also intersected in the upper portion of this hole with an intercept of 0.2m @ 9.22 g/t Au from 41.1m drill depth. This hole ended at 356.6m.
BH3DD043
Hole BH3DD043 was the last drill hole completed at HR3 this year. The hole was intentionally drilled to intercept the Maori Anticline approximately 25m to the immediate north of nearby drillholes BH3DD034, BH3DD035 and BH3DD019. The best mineralisation drilled was identified in a footwall vein to the Maori Anticline, with best intercepts beginning at a depth of 54m including 1m @ 4.82 g/t Au followed immediately by adjacent high-grade intercepts of 1m @ 5.54 g/t Au, 1m @ 9.79 g/t Au and 1m @ 15.91 g/t Au. This high-grade zone represents a length-weighted composite grade of 4m @ 9.01 g/t Au. This is the best length multiplied by grade intercept drilled to date in HR3. Drilling ended at a final depth of 194.5m.
SUMMARY OF EXPLORATION
Drilling at HR3 throughout the 2021-2022 period has been largely successful. Notable outcomes include:
- Identifying the Maori Anticline as a major host to gold mineralisation at the HR3 Goldfield.
- Initial high-grade intercepts located underneath the Maori Reef,Hard-Up Reef intersections.
- Locating and testing gold mineralisation at depth and strike within the Maori Anticline. An approximate strike length of 300m has now been initially drilled. Mineralisation is open along strike to the north and south.
- Exploration work during this period has also successfully identified a close spatial relationship of high arsenic (Arsenopyrite) and high antimony (Stibnite) ratios as pathfinders to gold mineralisation.
Table 1. Summary of the top ten drill intercepts containing reportable levels of gold for holes BH3DD036-BH3DD043. Arranged by hole name and depth.
| HOLE | From (m) | To (m) | Interval (m) | Au (g/t) | gram metres* |
| BH3DD037 | 33.6 | 34.1 | 0.5 | 4.55 | 2.27 |
| BH3DD037 | 40.6 | 41 | 0.4 | 3.61 | 1.45 |
| BH3DD038 | 27 | 28 | 1 | 3.34 | 3.34 |
| BH3DD040 | 13.6 | 14 | 0.4 | 3.99 | 1.60 |
| BH3DD042 | 41.1 | 41.3 | 0.2 | 9.22 | 1.84 |
| BH3DD042 | 273 | 274 | 1 | 4.96 | 4.96 |
| BH3DD043 | 54 | 55 | 1 | 4.82 | 4.82 |
| BH3DD043 | 55 | 56 | 1 | 5.54 | 5.54 |
| BH3DD043 | 56 | 57 | 1 | 9.79 | 9.79 |
| BH3DD043 | 57 | 58 | 1 | 15.91 | 15.91 |
*Gram metres represents the contained Au metal within the reported length, calculated as interval (m) multiplied by grade (g/t Au)
Table 2. Drill intercepts for all reportable levels of gold above 0.1 g/t Au for holes BH3DD036-BH3DD043.
*Gram metres represents the contained Au metal within the reported length, calculated as interval (m) multiplied by grade (g/t Au)
| BH3DD036 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres* |
| 55 | 55.8 | 0.28 | 0.8 | 0.22 |
| 57 | 57.3 | 0.23 | 0.3 | 0.07 |
| 65.1 | 65.4 | 0.28 | 0.3 | 0.09 |
| 118.8 | 119.2 | 0.15 | 0.4 | 0.06 |
| 176 | 176.3 | 0.28 | 0.3 | 0.08 |
| BH3DD037 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 4.7 | 5.7 | 1.81 | 1 | 1.81 |
| 5.7 | 6.7 | 1.69 | 1 | 1.69 |
| 9.5 | 9.7 | 0.12 | 0.2 | 0.02 |
| 11.5 | 11.8 | 1.25 | 0.3 | 0.38 |
| 12.25 | 12.7 | 0.61 | 0.45 | 0.27 |
| 16 | 16.6 | 0.26 | 0.6 | 0.15 |
| 16.6 | 17 | 0.51 | 0.4 | 0.20 |
| 17 | 17.5 | 0.68 | 0.5 | 0.34 |
| 28 | 29 | 1.26 | 1 | 1.26 |
| 29.75 | 30.25 | 2.63 | 0.5 | 1.31 |
| 30.8 | 31.8 | 0.17 | 1 | 0.17 |
| 31.8 | 32.3 | 1.97 | 0.5 | 0.98 |
| 32.3 | 33 | 2.50 | 0.7 | 1.75 |
| 33 | 33.35 | 0.79 | 0.35 | 0.28 |
| 33.6 | 34.1 | 4.55 | 0.5 | 2.27 |
| 35.1 | 35.5 | 0.27 | 0.4 | 0.11 |
| 35.5 | 36.5 | 2.92 | 1 | 2.92 |
| 36.5 | 37.5 | 1.38 | 1 | 1.38 |
| 37.5 | 38 | 2.82 | 0.5 | 1.41 |
| 38 | 38.5 | 0.42 | 0.5 | 0.21 |
| 38.5 | 39.5 | 0.58 | 1 | 0.58 |
| 39.5 | 40.2 | 0.37 | 0.7 | 0.26 |
| 40.2 | 40.6 | 1.31 | 0.4 | 0.53 |
| 40.6 | 41 | 3.61 | 0.4 | 1.45 |
| 41 | 42 | 1.03 | 1 | 1.03 |
| 42 | 43 | 0.23 | 1 | 0.23 |
| 71.8 | 72 | 0.15 | 0.2 | 0.03 |
| 72 | 72.6 | 0.17 | 0.6 | 0.10 |
| 72.6 | 72.8 | 0.50 | 0.2 | 0.10 |
| 72.8 | 74 | 0.53 | 1.2 | 0.63 |
| 74 | 75 | 0.22 | 1 | 0.22 |
| 75 | 76 | 0.57 | 1 | 0.57 |
| 76 | 77 | 0.69 | 1 | 0.69 |
| 94.5 | 95.5 | 0.32 | 1 | 0.32 |
| 95.5 | 96.5 | 0.46 | 1 | 0.46 |
| 97.5 | 98.2 | 0.13 | 0.7 | 0.09 |
| 105.55 | 106 | 0.24 | 0.45 | 0.11 |
| 109 | 110 | 0.21 | 1 | 0.21 |
| BH3DD038 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 3.45 | 4.45 | 1.22 | 1 | 1.22 |
| 4.45 | 5 | 0.90 | 0.55 | 0.49 |
| 5 | 5.4 | 1.91 | 0.4 | 0.77 |
| 5.4 | 6 | 1.06 | 0.6 | 0.63 |
| 18 | 19 | 0.19 | 1 | 0.19 |
| 19 | 20 | 0.81 | 1 | 0.81 |
| 25 | 26 | 0.36 | 1 | 0.36 |
| 26 | 27 | 1.28 | 1 | 1.28 |
| 27 | 28 | 3.34 | 1 | 3.34 |
| 28 | 29 | 0.44 | 1 | 0.44 |
| 30 | 31 | 0.28 | 1 | 0.28 |
| 33.7 | 33.9 | 0.22 | 0.2 | 0.04 |
| 35.5 | 36.3 | 0.35 | 0.8 | 0.28 |
| 56.5 | 57.5 | 0.44 | 1 | 0.44 |
| 57.5 | 58 | 0.76 | 0.5 | 0.38 |
| 58 | 58.3 | 1.62 | 0.3 | 0.49 |
| 58.3 | 58.6 | 1.54 | 0.3 | 0.46 |
| 58.6 | 59 | 1.53 | 0.4 | 0.61 |
| 59 | 59.4 | 1.92 | 0.4 | 0.77 |
| 59.4 | 60.4 | 0.17 | 1 | 0.17 |
| 60.4 | 61.2 | 0.17 | 0.8 | 0.13 |
| 61.2 | 61.4 | 1.23 | 0.2 | 0.25 |
| 61.4 | 62.2 | 0.37 | 0.8 | 0.30 |
| 62.2 | 63 | 0.19 | 0.8 | 0.15 |
| 63 | 63.4 | 0.60 | 0.4 | 0.24 |
| 66.3 | 66.8 | 0.26 | 0.5 | 0.13 |
| 66.8 | 67.4 | 0.82 | 0.6 | 0.49 |
| 67.4 | 68.2 | 0.81 | 0.8 | 0.65 |
| 170.6 | 170.9 | 0.18 | 0.3 | 0.06 |
| 170.9 | 171.9 | 0.18 | 1 | 0.18 |
| 173.5 | 174.4 | 0.59 | 0.9 | 0.53 |
| 175.4 | 175.8 | 0.21 | 0.4 | 0.09 |
| 175.8 | 176 | 0.42 | 0.2 | 0.08 |
| 176 | 176.6 | 0.35 | 0.6 | 0.21 |
| 176.6 | 177.6 | 0.27 | 1 | 0.27 |
| 177.6 | 178 | 0.22 | 0.4 | 0.09 |
| 178 | 178.7 | 0.64 | 0.7 | 0.45 |
| 178.7 | 179.3 | 0.31 | 0.6 | 0.19 |
| 199 | 199.4 | 0.16 | 0.4 | 0.06 |
| 201.4 | 202 | 0.16 | 0.6 | 0.09 |
| 237.35 | 237.55 | 0.25 | 0.2 | 0.05 |
| 237.55 | 238 | 0.16 | 0.45 | 0.07 |
| 296.3 | 296.5 | 0.90 | 0.2 | 0.18 |
| 296.5 | 296.7 | 0.20 | 0.2 | 0.04 |
| 296.7 | 297 | 0.57 | 0.3 | 0.17 |
| 297 | 298 | 0.20 | 1 | 0.20 |
| 298 | 298.5 | 0.38 | 0.5 | 0.19 |
| 298.5 | 299 | 0.70 | 0.5 | 0.35 |
| 299 | 299.35 | 0.55 | 0.35 | 0.19 |
| 299.5 | 299.65 | 1.13 | 0.15 | 0.17 |
| 300.2 | 300.6 | 0.19 | 0.4 | 0.08 |
| BH3DD039 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 61.7 | 62.7 | 0.47 | 1 | 0.47 |
| 62.7 | 63.7 | 0.96 | 1 | 0.96 |
| 63.7 | 64.7 | 0.19 | 1 | 0.19 |
| 65.5 | 66 | 0.14 | 0.5 | 0.07 |
| 67 | 68 | 0.17 | 1 | 0.17 |
| 72.4 | 72.7 | 0.21 | 0.3 | 0.06 |
| 72.7 | 73 | 0.25 | 0.3 | 0.07 |
| 74.35 | 74.55 | 0.13 | 0.2 | 0.03 |
| 75.5 | 75.8 | 0.31 | 0.3 | 0.09 |
| 90.2 | 90.6 | 0.17 | 0.4 | 0.07 |
| 96 | 97 | 0.18 | 1 | 0.18 |
| 97.4 | 98.1 | 0.21 | 0.7 | 0.15 |
| 98.5 | 98.9 | 0.42 | 0.4 | 0.17 |
| 98.9 | 99.9 | 0.40 | 1 | 0.40 |
| 106.5 | 107 | 0.16 | 0.5 | 0.08 |
| 107 | 108 | 0.34 | 1 | 0.34 |
| BH3DD040 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 13.6 | 14 | 3.99 | 0.4 | 1.60 |
| 15 | 15.35 | 0.24 | 0.35 | 0.09 |
| 15.8 | 16.8 | 0.41 | 1 | 0.41 |
| 16.8 | 17.05 | 0.68 | 0.25 | 0.17 |
| 17.05 | 17.4 | 1.65 | 0.35 | 0.58 |
| 17.4 | 18 | 2.61 | 0.6 | 1.56 |
| 22.3 | 22.7 | 0.89 | 0.4 | 0.36 |
| 22.7 | 23 | 1.66 | 0.3 | 0.50 |
| 24.4 | 25.4 | 1.82 | 1 | 1.82 |
| 25.4 | 26.1 | 0.20 | 0.7 | 0.14 |
| 31.6 | 32.1 | 1.12 | 0.5 | 0.56 |
| 44 | 44.6 | 0.64 | 0.6 | 0.38 |
| 46.7 | 47.5 | 0.22 | 0.8 | 0.17 |
| 48.55 | 49 | 0.77 | 0.45 | 0.34 |
| 52.65 | 53.2 | 0.90 | 0.55 | 0.49 |
| 144.6 | 145.1 | 0.77 | 0.5 | 0.39 |
| 145.1 | 146.3 | 0.29 | 1.2 | 0.35 |
| 178 | 178.3 | 0.20 | 0.3 | 0.06 |
| 189 | 189.6 | 0.17 | 0.6 | 0.10 |
| 189.6 | 190.5 | 1.22 | 0.9 | 1.09 |
| 190.5 | 191.2 | 0.24 | 0.7 | 0.16 |
| 191.2 | 191.6 | 1.17 | 0.4 | 0.47 |
| 191.6 | 192 | 0.35 | 0.4 | 0.14 |
| 192 | 193 | 0.17 | 1 | 0.17 |
| 193.7 | 194.7 | 0.39 | 1 | 0.39 |
| 194.7 | 195.7 | 0.54 | 1 | 0.54 |
| 195.7 | 196.7 | 0.13 | 1 | 0.13 |
| 204.5 | 205 | 0.44 | 0.5 | 0.22 |
| 205 | 206 | 0.17 | 1 | 0.17 |
| 206 | 207 | 0.26 | 1 | 0.26 |
| 210 | 211 | 0.44 | 1 | 0.44 |
| 211 | 211.45 | 0.41 | 0.45 | 0.18 |
| 212.45 | 213.4 | 0.78 | 0.95 | 0.74 |
| 214 | 214.35 | 0.43 | 0.35 | 0.15 |
| 214.35 | 214.6 | 0.95 | 0.25 | 0.24 |
| 214.6 | 215.2 | 0.80 | 0.6 | 0.48 |
| 215.2 | 215.7 | 0.19 | 0.5 | 0.09 |
| 219.4 | 219.75 | 0.29 | 0.35 | 0.10 |
| 225.5 | 225.75 | 0.34 | 0.25 | 0.09 |
| 238.7 | 239.2 | 0.16 | 0.5 | 0.08 |
| 240.2 | 241.2 | 0.78 | 1 | 0.78 |
| 241.65 | 242.3 | 1.11 | 0.65 | 0.72 |
| 242.3 | 242.65 | 1.96 | 0.35 | 0.69 |
| 242.65 | 243.1 | 0.21 | 0.45 | 0.10 |
| 258.6 | 259.3 | 0.17 | 0.7 | 0.12 |
| 259.3 | 259.65 | 1.13 | 0.35 | 0.40 |
| 259.65 | 260 | 0.67 | 0.35 | 0.23 |
| 260 | 260.5 | 0.23 | 0.5 | 0.12 |
| BH3DD041 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 41.7 | 42.25 | 0.27 | 0.55 | 0.15 |
| 42.25 | 42.7 | 0.42 | 0.45 | 0.19 |
| 49.2 | 49.6 | 0.15 | 0.4 | 0.06 |
| 64.6 | 65 | 0.53 | 0.4 | 0.21 |
| 91.7 | 92.7 | 0.22 | 1 | 0.22 |
| 104 | 104.25 | 0.12 | 0.25 | 0.03 |
| 104.25 | 104.6 | 0.18 | 0.35 | 0.06 |
| BH3DD042 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 37.55 | 38.4 | 0.16 | 0.85 | 0.13 |
| 40.8 | 41.1 | 1.79 | 0.3 | 0.54 |
| 41.1 | 41.3 | 9.22 | 0.2 | 1.84 |
| 41.3 | 42 | 1.30 | 0.7 | 0.91 |
| 44 | 45 | 0.17 | 1 | 0.17 |
| 56.8 | 57 | 0.20 | 0.2 | 0.04 |
| 61.6 | 61.85 | 0.23 | 0.25 | 0.06 |
| 73.2 | 73.5 | 0.24 | 0.3 | 0.07 |
| 74.7 | 75.05 | 0.25 | 0.35 | 0.09 |
| 75.05 | 75.4 | 0.21 | 0.35 | 0.07 |
| 81.45 | 82 | 0.17 | 0.55 | 0.09 |
| 103.3 | 103.6 | 0.19 | 0.3 | 0.06 |
| 103.6 | 103.95 | 0.65 | 0.35 | 0.23 |
| 103.95 | 104.5 | 0.33 | 0.55 | 0.18 |
| 104.5 | 105.2 | 0.38 | 0.7 | 0.27 |
| 105.2 | 106.2 | 0.24 | 1 | 0.24 |
| 106.2 | 106.8 | 0.82 | 0.6 | 0.49 |
| 106.8 | 107.2 | 0.62 | 0.4 | 0.25 |
| 107.2 | 107.6 | 1.08 | 0.4 | 0.43 |
| 107.6 | 108.7 | 0.33 | 1.1 | 0.36 |
| 108.7 | 108.9 | 0.41 | 0.2 | 0.08 |
| 109.1 | 109.7 | 0.26 | 0.6 | 0.16 |
| 109.7 | 110.7 | 0.53 | 1 | 0.53 |
| 110.7 | 111 | 0.38 | 0.3 | 0.12 |
| 111 | 111.6 | 1.13 | 0.6 | 0.68 |
| 111.6 | 112.6 | 1.45 | 1 | 1.45 |
| 112.6 | 113.6 | 1.36 | 1 | 1.36 |
| 113.6 | 114.4 | 0.66 | 0.8 | 0.52 |
| 114.4 | 114.7 | 1.09 | 0.3 | 0.33 |
| 115 | 115.7 | 0.98 | 0.7 | 0.69 |
| 115.7 | 116.2 | 0.30 | 0.5 | 0.15 |
| 118.2 | 118.7 | 0.32 | 0.5 | 0.16 |
| 118.7 | 119 | 0.94 | 0.3 | 0.28 |
| 119 | 119.25 | 1.07 | 0.25 | 0.27 |
| 119.25 | 119.7 | 1.48 | 0.45 | 0.67 |
| 119.7 | 120.1 | 0.99 | 0.4 | 0.39 |
| 120.1 | 120.4 | 0.72 | 0.3 | 0.22 |
| 149.25 | 150.2 | 0.16 | 0.95 | 0.15 |
| 152.1 | 152.4 | 0.17 | 0.3 | 0.05 |
| 153.7 | 154.3 | 0.16 | 0.6 | 0.09 |
| 169.9 | 170.2 | 0.26 | 0.3 | 0.08 |
| 198.9 | 199.5 | 0.18 | 0.6 | 0.11 |
| 205.05 | 206.2 | 0.30 | 1.15 | 0.35 |
| 247.8 | 248.6 | 0.22 | 0.8 | 0.17 |
| 248.6 | 249.4 | 0.31 | 0.8 | 0.25 |
| 252 | 252.7 | 0.48 | 0.7 | 0.34 |
| 252.7 | 253 | 0.30 | 0.3 | 0.09 |
| 267.9 | 268.7 | 0.22 | 0.8 | 0.17 |
| 269.9 | 270.9 | 0.82 | 1 | 0.82 |
| 270.9 | 271.9 | 0.38 | 1 | 0.38 |
| 271.9 | 272.4 | 0.43 | 0.5 | 0.22 |
| 273 | 274 | 4.96 | 1 | 4.96 |
| 274 | 275 | 0.22 | 1 | 0.22 |
| 309.8 | 310.3 | 0.35 | 0.5 | 0.18 |
| 311 | 311.6 | 0.19 | 0.6 | 0.11 |
| 311.9 | 312.5 | 0.25 | 0.6 | 0.15 |
| 314.05 | 314.3 | 0.29 | 0.25 | 0.07 |
| 349.8 | 350.25 | 0.16 | 0.45 | 0.07 |
| BH3DD043 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 35.9 | 37 | 1.54 | 1.1 | 1.69 |
| 38 | 38.2 | 0.79 | 0.2 | 0.16 |
| 44 | 45 | 0.56 | 1 | 0.56 |
| 45 | 46 | 1.54 | 1 | 1.54 |
| 46 | 47 | 1.19 | 1 | 1.19 |
| 53 | 54 | 0.42 | 1 | 0.42 |
| 54 | 55 | 4.82 | 1 | 4.82 |
| 55 | 56 | 5.54 | 1 | 5.54 |
| 56 | 57 | 9.79 | 1 | 9.79 |
| 57 | 58 | 15.91 | 1 | 15.91 |
| 58 | 59 | 1.87 | 1 | 1.87 |
| 59 | 59.3 | 1.45 | 0.3 | 0.43 |
| 59.3 | 59.7 | 0.39 | 0.4 | 0.16 |
| 59.7 | 60.2 | 0.22 | 0.5 | 0.11 |
| 60.9 | 61.6 | 2.52 | 0.7 | 1.77 |
| 61.6 | 62 | 0.29 | 0.4 | 0.12 |
| 63 | 64 | 0.20 | 1 | 0.20 |
| 64 | 65 | 0.34 | 1 | 0.34 |
| 65 | 66 | 0.20 | 1 | 0.20 |
| 68 | 69 | 0.17 | 1 | 0.17 |
| 69 | 69.8 | 0.52 | 0.8 | 0.42 |
| 69.8 | 70.9 | 0.22 | 1.1 | 0.24 |
| 72 | 73 | 0.24 | 1 | 0.24 |
| 98 | 98.5 | 0.31 | 0.5 | 0.16 |
| 109.4 | 110.4 | 0.17 | 1 | 0.17 |
| 110.4 | 111.2 | 0.22 | 0.8 | 0.17 |
| 111.2 | 112 | 0.25 | 0.8 | 0.20 |
| 123.2 | 124 | 0.24 | 0.8 | 0.20 |
| 124 | 125 | 0.31 | 1 | 0.31 |
| 150.4 | 150.8 | 0.69 | 0.4 | 0.27 |
| 158.8 | 159.1 | 0.98 | 0.3 | 0.29 |
| 159.1 | 160.1 | 0.72 | 1 | 0.72 |
| 160.1 | 161 | 0.36 | 0.9 | 0.32 |
| 161 | 162 | 0.43 | 1 | 0.43 |
| 189.4 | 190 | 1.17 | 0.6 | 0.70 |
Table 3. Gram-metre intersections for BH3DD036-BH3DD043 (for intersections containing => 1g/t Au)
*Gram metres represents the contained Au metal within the reported length, calculated as interval (m) multiplied by grade (g/t Au)
| BH3DD037 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 4.7 | 5.7 | 1.81 | 1 | 1.81 |
| 5.7 | 6.7 | 1.69 | 1 | 1.69 |
| 28 | 29 | 1.26 | 1 | 1.26 |
| 29.75 | 30.25 | 2.63 | 0.5 | 1.31 |
| 32.3 | 33 | 2.50 | 0.7 | 1.75 |
| 33.6 | 34.1 | 4.55 | 0.5 | 2.27 |
| 35.5 | 36.5 | 2.92 | 1 | 2.92 |
| 36.5 | 37.5 | 1.38 | 1 | 1.38 |
| 37.5 | 38 | 2.82 | 0.5 | 1.41 |
| 40.6 | 41 | 3.61 | 0.4 | 1.45 |
| 41 | 42 | 1.03 | 1 | 1.03 |
| BH3DD038 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 3.45 | 4.45 | 1.22 | 1 | 1.22 |
| 26 | 27 | 1.28 | 1 | 1.28 |
| 27 | 28 | 3.34 | 1 | 3.34 |
| BH3DD040 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 13.6 | 14 | 3.99 | 0.4 | 1.60 |
| 17.4 | 18 | 2.61 | 0.6 | 1.56 |
| 24.4 | 25.4 | 1.82 | 1 | 1.82 |
| 189.6 | 190.5 | 1.22 | 0.9 | 1.09 |
| BH3DD042 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 41.1 | 41.3 | 9.22 | 0.2 | 1.84 |
| 111.6 | 112.6 | 1.45 | 1 | 1.45 |
| 112.6 | 113.6 | 1.36 | 1 | 1.36 |
| 273 | 274 | 4.96 | 1 | 4.96 |
| BH3DD043 | ||||
| From (m) | To (m) | Grade (g/t Au) | Interval (m) | Gram x Metres |
| 35.9 | 37 | 1.54 | 1.1 | 1.69 |
| 45 | 46 | 1.54 | 1 | 1.54 |
| 46 | 47 | 1.19 | 1 | 1.19 |
| 54 | 55 | 4.82 | 1 | 4.82 |
| 55 | 56 | 5.54 | 1 | 5.54 |
| 56 | 57 | 9.79 | 1 | 9.79 |
| 57 | 58 | 15.91 | 1 | 15.91 |
| 58 | 59 | 1.87 | 1 | 1.87 |
| 60.9 | 61.6 | 2.52 | 0.7 | 1.77 |
SUMMARY
Whilst varied, the Directors are pleased with the outcome of the final results from HR3. These results show that mineralisation is still open to the north of hole BH3DD043 and at depth. Technical director Adam Jones will evaluate the potential of follow up drilling for these results over the coming Australian summer period.
In the meantime, drilling continues at the nearby Blue Moon prospect with two holes now completed and samples submitted to the laboratory for analysis. Drilling is planned to continue into the Christmas holiday period.
Soil sampling and rock chip sampling have been completed on adjacent parallel quartz reefs on the Creswick tenements (EL6184) with results expected by the end of this month. The outcome of this work will delineate further drill targets for the 2023 drilling season.
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.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
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 |
||||
| BlytheRay | Tel: +44 (0) 207 138 3204 | |||
| Public Relations | ||||
| Tim Blythe
|
||||
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.
https://mercatorgold.com.au/
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.
https://luxexploration.com/
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 70% 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 – Drilling Commences at Blue Moon Prospect, Bailieston, Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce that drilling has commenced at the Blue Moon prospect at Bailieston using the Company’s own ‘MIDAS’ drill rig.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black Cat. The projects are operated and drilled by ECR’s Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
ECR CEO Andrew Haythorpe commented: “As I stated in our drill plan announcement on 11 August 2022, the previous Blue Moon campaign in 2019 recorded consistent levels of mineralisation at hole BBM007 of 15m @ 3.81 g/t gold. It was considered then that these numbers could indicate a potentially commercial discovery, although of course this cannot be guaranteed. The four holes we are drilling now will ‘twin’ with the previous RC drill holes up to and west of the point at which the previous RC drill program ended in 2019 and will initially seek to confirm previous consistency and levels of mineralisation. A successful intersection could potentially double the strike extent of the prospect, although we cannot of course guarantee this will take place.”
“I look forward to reporting back as soon as possible with early results from the Blue Moon campaign.”
HIGHLIGHTS
- MIDAS drill rig team commences diamond drilling an initial four holes covering 1000 metres.
- The campaign will follow-up good results from the RC Drilling finished in 2019.
- Plans are already in place to expand the drilling programme subject to results.
An overview plan of the planned drill sites can be found here:
Fig 1: https://www.ecrminerals.com/images/2022/fig1_BBM_DD_Planned_2022.png
BLUE MOON PROSPECT AND DRILL PLAN
The Blue Moon prospect is located 8.5km directly south of the currently drilled HR3 prospect. The mineralisation at Blue Moon is hosted within a massive sandstone body striking east to west which differs to the majority of other gold prospects within the region that usually strike north-south. In addition, quartz mineralisation is generally absent, which as a result means that historic prospectors do not appear to have discovered the outcrop. RC drilling in 2019 shows gold mineralisation to be associated with disseminated sulphide, present as arsenopyrite. The eastern end of the known outcrop has been cut by an interpreted cross fault.
As announced on 11 August 2022 (link here to announcement), drilling will be undertaken using ECR’s owned and operated diamond drill rig named ‘MIDAS’. Initial drillholes will be collared within the public track easement as shown in (fig 1 above). From these two locations, drilling will firstly investigate the possible strike extension of the Blue Moon prospect west of and at the point where the RC drill program in 2019 finished. Four initial holes are planned for an approximate total of 1000m, the outcome of which will determine further drilling. If the planned drilling successfully intersects mineralisation, this has potential to double the strike extent of the prospect.
Previous drilling at Blue Moon only covered a small section of the outcrop. The deposit is open at depth and also along strike to the west and east. Permissions from landholders are currently in progress to explore the potential strike further to the east where an interpretative cross fault ends the known current outcrop. Plans are already in place to expand the drilling programme subject to results from the initial four holes.
The style of the Blue Moon mineralisation also raises further questions over other potential opportunities within the region to discover another ‘Blue Moon’. ECR is well positioned in this regard, with adjacent exploration tenements to EL5433, covering similar regional geology awaiting approval
OVERVIEW OF PREVIOUS EXPLORATION WORK
Three diamond drillholes and twelve RC drillholes were completed during the 2018 and 2019 period. This drilling is broadly spaced over a strike length of 110m, and the deepest intercept isn’t more than 175m below surface. The RC drilling campaign during 2019 showed promise on the most westerly drill section where the best results have included 2m @ 17.87 g/t Au from 51m (RC hole BBM007) and 3m @ 3.88 g/t Au from 169m (RC hole BBM006). It is emphasised that both these intercepts are supported within part of a broader zone of lower grade mineralisation such as 15m @ 3.81 g/t Au (BBM007) and 11m @ 2.42 g/t Au (BBM007). As such, these increased widths could be supported by grades of potential economic interest, but it is not guaranteed. Drilling to date has not continued into and across the track easement to the west of the RC Drilling (see fig 1 above).
Results from the 2019 RC drill program can be found in the announcement dated 1 May 2019 “New Gold Discovery-Blue Moon Deposit, Victoria, Australia” 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 |
||||
| BlytheRay | Tel: +44 (0) 207 138 3204 | |||
| Public Relations | ||||
| Tim Blythe
|
||||
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 eight licence applications outstanding including two licence applications lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at both the Bailieston (EL5433) and Creswick (EL6148) projects and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
https://mercatorgold.com.au/
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three licence applications covering 900 km2 covering a relatively unexplored area in Queensland, Australia.
https://luxexploration.com/
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 70% 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 Scott talks to Technical Director Adam Jones
Andrew Scott talks to Technical Director Adam Jones. Adam covers the upcoming drill programme at Blue Moon, and reminds us that multiple widths were discovered in 2019, with results up to 6.5 g/t over 11m. Adam then discusses the strike area, how they plan to twin the diamond holes with RC holes before looking at the antimony anomalies which also feature in nearby properties operated by Nagambie Resources $NAG and Southern Cross Gold $SXG. Andrew and Adam then discuss the work on the ground in Queensland, and how the team on the ground will be panning stream sediments and establishing drill targets. The potential at Creswick is then discussed, and with some 300 soil samples at the lab, Adam is looking forward to the results in order that targets can be identified. Adam then summarises upcoming news flow for the next few months.
ECR Minerals #ECR – Adam Jones and Alan Green talk through the upcoming Blue Moon Drilling Campaign
Adam Jones and Alan Green discuss the upcoming Blue Moon drilling campaign. We discuss the intriguing and unique style of mineralisation at Blue Moon, and the impressive grades and widths from the previous 2019 campaign assay results. Adam explains the previous soil geochemistry work undertaken at Blue Moon prior to the previous drilling campaign, before we discuss the upcoming campaign in a few weeks, with a four initial drill holes planned using ECR’s own MIDAS drill rig.
ECR Minerals #ECR – Planned Follow-up Drilling in early September at Blue Moon Prospect, Bailieston, Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to release the upcoming plans and intentions for further drilling at the Blue Moon prospect in early September 2022.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black Cat. The projects are operated by ECR’s Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
ECR CEO Andrew Haythorpe commented: “The style of mineralisation at Blue Moon is intriguing. Compared to the scale of mineralisation seen at HR3, where typically a result could be 50cm across, we are looking at potential widths of around 7m. The previous Blue Moon campaign in 2019 recorded consistent mineralisation at hole BBM007 of 15m @ 3.81 g/t gold, which could potentially contain commercial levels of mineralisation.”
“I look forward to reporting back on the upcoming 2022 drilling campaign at Blue Moon.”
ECR Chairman David Tang added: “Along with the ECR board, I am very much enthused by the potential opportunity on offer at Blue Moon. Our company has a portfolio of what we consider to be valuable gold exploration assets across Victoria, but I know Andrew and Adam view Blue Moon as an asset with significant potential, and as such are very keen to commence work there. I very much look forward to further progress updates in the coming weeks.”
HIGHLIGHTS
- Permits in place for planned diamond drilling for an initial four holes over 1000 metres, anticipated to begin in early September 2022.
- Drilling designed to follow-up good results from the RC Drilling finished in 2019.
- Plans are already in place to expand the drilling programme subject to results.
An overview plan of the planned drill sites can be found here:
Fig 1: https://www.ecrminerals.com/images/2022/fig1_BBM_DD_Planned_2022.png
BLUE MOON PROSPECT
The Blue Moon prospect is located 8.5km directly south of the currently drilled HR3 prospect. The mineralisation at Blue Moon is hosted within a massive sandstone body striking east to west which differs to the majority of other gold prospects within the region that usually strike north-south. In addition, quartz mineralisation is generally absent, which as a result means that historic prospectors do not appear to have discovered the outcrop. RC drilling in 2019 shows gold mineralisation to be associated with disseminated sulphide, present as arsenopyrite. The eastern end of the known outcrop has been cut by an interpreted cross fault.
OVERVIEW OF PREVIOUS EXPLORATION WORK
Three diamond drillholes and twelve RC drillholes were completed during the 2018 and 2019 period. This drilling is broadly spaced over a strike length of 110m, and the deepest intercept isn’t more than 175m below surface. The RC drilling campaign during 2019 showed promise on the most westerly drill section where the best results have included 2m @ 17.87 g/t Au from 51m (RC hole BBM007) and 3m @ 3.88 g/t Au from 169m (RC hole BBM006). It is emphasised that both these intercepts are supported within part of a broader zone of lower grade mineralisation such as 15m @ 3.81 g/t Au (BBM007) and 11m @ 2.42 g/t Au (BBM007). As such, these increased widths could be supported by grades of potential economic interest, but it is not guaranteed. Drilling to date has not continued into and across the track easement to the west of the RC Drilling (see fig 1 above).
Results from the 2019 RC drill program can be found in the announcement dated 1 May 2019 “New Gold Discovery-Blue Moon Deposit, Victoria, Australia” here.
INITIAL DRILLING PROGRAM SEPTEMBER 2022
Drilling will be undertaken using ECR’s owned and operated diamond drill rig named ‘MIDAS’. Initial drillholes will be collared within the public track easement as shown in (fig 1). From these two locations, drilling will firstly investigate the possible strike extension of the Blue Moon prospect west of and at the point where the RC drill program in 2019 finished. Four initial holes are planned for an approximate total of 1000m, the outcome of which will determine further drilling. If the planned drilling successfully intersects mineralisation, this has potential to double the strike extent of the prospect.
NEXT STEPS
Previous drilling at Blue Moon only covered a small section of the outcrop. The deposit is open at depth and also along strike to the west and east. Permissions from landholders are currently in progress to explore the potential strike further to the east where an interpretative cross fault ends the known current outcrop. Plans are already in place to expand the drilling programme subject to results from the initial four holes.
The style of the Blue Moon mineralisation also raises further questions over other potential opportunities within the region to discover another ‘Blue Moon’. ECR is well positioned in this regard, with adjacent exploration tenements to EL5433, covering similar regional geology awaiting approval.
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 |
||||
| BlytheRay | Tel: +44 (0) 207 138 3204 | |||
| Public Relations | ||||
| Tim Blythe
|
||||
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 eight licence applications outstanding including two licence applications lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at both the Bailieston (EL5433) and Creswick (EL6148) projects and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.
https://mercatorgold.com.au/
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd (“LUX”) which has three licence applications covering 900 km2 covering 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 70% 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 – Technical Director Adam Jones discusses todays update from HR3
Alan Green talks to ECR Technical Director Adam Jones to bring us up to date on the latest drilling developments announced today at the HR3 prospect at Bailieston, situated to the east of the hugely successful Fosterville Gold mine. Adam discussed the mineralised corridor identified with the assay results from Hole BH3DD032, a result the team have been waiting for since May. He explains how the assay results are building a collective picture of the corridors of mineralisation around the Maori Anticline, and looks at next steps for the Bailieston asset. We then discuss the recent sale of the Bassett Road property to take advantage of high property prices in the region, the and how the $950,000 raised from the sale will be deployed. We then look at the work currently underway at Creswick and upcoming activities on Blue Moon and Queensland assets.
ECR Minerals #ECR – Two Mineralisation Corridors Identified from HR3 hole BH3DD032 at Bailieston, Victoria
ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce updated gold results from drill hole BH3DD032 at the HR3 prospect at Bailieston. These results link to previous results from the HR3 drilling programme (see announcements from 8 June 2022 here and 11 July here) and which now reveal two potential mineralised corridors within the Maori Anticline.
ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433), which contains the gold prospects known as HR3, Cherry Tree, Blue Moon and Black Cat. The projects are operated by ECR’s Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).
ECR CEO Andrew Haythorpe commented: “I am delighted to report to you the latest assay results from HR3. Despite the well documented delays in receiving these assays, and with results from a further seven drill holes still to come, I believe that Technical Director Adam Jones and his team are doing an outstanding job in uncovering an asset of increasing significance for ECR. The grades at hole BH3DD032 demonstrate potential cross-asset consistency, building on the previously reported grade continuity from holes BH3DD035, BH3DD012, BH3DD019 and BH3DD034, and establishing what we believe are two mineralised corridors within the Maori Anticline.”
“This is an exciting development for ECR. I look forward to reporting the results from the seven drill holes still to come, and on the upcoming Blue Moon drilling campaign.”
ECR Chairman David Tang added: “I commend this excellent work by Adam Jones and the team and reiterate my previous comments that myself, Andrew and the board are eager to see the true scale of the Bailieston asset.”
HIGHLIGHTS
- Best results in BH3DD032 are 0.2m @ 4.81 g/t Au and 0.4m @ 6.11 g/t Au beginning from 154.1m downhole.
- The results link to previously drilled holes revealing two potential mineralised corridors within the Maori Anticline (see announcements from 8 June 2022 here and 11 July here).
A generalised section of BH3DD032 referencing the following paragraphs can be found at the link below;
Fig 1: https://www.ecrminerals.com/images/2022/fig1_BH3DD032_Section_220808
BH3DD032
BH3DD032 was drilled at depth and on section underneath holes BH3DD019, BH3DD034, BH3DD035 and BH3DD033. The aim of drilling BH3DD032 was to test the continuity of mineralised structures identified in BH3DD019. This structure was drilled through at 118m with an anomalous result of 0.2m @ 0.59 g/t Au. Drilling continued to pass through the central core of the Maori Anticline at around 145m in depth. A narrow quartz-sulphide fault with associated tension veining at 154.1m downhole produced the best results with 0.2m @ 4.81 g/t Au from 154.1m and 0.4m @ 6.11 g/t Au from 154.3m. Fault movement indicators show a south plunging system, as predicted from earlier drilling. BH3DD032 also passed through a perpendicular vein system at 249.7m grading 0.4m @ 2.4 g/t Au from 249.7m and 0.9m @ 0.72 g/t Au from 250.1m and 0.2m @ 3.06 gt Au from 256.8m. Drilling ended at a depth of 260.6m.
TWO MINERALISED CORRIDORS
Plotting the location of gold intercepts from BH3DD032 and other adjacent drill holes in section view reveal the likelihood of two main corridors of mineralisation (see fig 1 above). Mineralisation is located respectively on each side of the Maori Anticline where anastomosing narrow gold and antimony (stibnite) veins propagate. The system is open at depth and along strike to the north.
Table 1. Summary of drill intercepts containing reportable levels of gold greater than 0.1 g/t Au for BH3DD032 (highlights in bold).
BH3DD032
| From | To | Grade (g/t Au) | Interval (m) |
| 7 | 8 | 0.33 | 1 |
| 8 | 9 | 1.68 | 1 |
| 9 | 10 | 1.44 | 1 |
| 11 | 12 | 0.72 | 1 |
| 13 | 14 | 0.58 | 1 |
| 18 | 19 | 0.14 | 1 |
| 19 | 20 | 0.17 | 1 |
| 37.3 | 37.7 | 1.54 | 0.4 |
| 37.7 | 38 | 0.15 | 0.3 |
| 41 | 42 | 0.32 | 1 |
| 42 | 43 | 0.31 | 1 |
| 43 | 44 | 0.38 | 1 |
| 47 | 48 | 0.96 | 1 |
| 48 | 49 | 1.29 | 1 |
| 49 | 50 | 0.26 | 1 |
| 50 | 51 | 1.04 | 1 |
| 51 | 52 | 0.67 | 1 |
| 52 | 53 | 0.57 | 1 |
| 53 | 54 | 0.20 | 1 |
| 54 | 55 | 0.14 | 1 |
| 55 | 56 | 0.13 | 1 |
| 57 | 58 | 0.16 | 1 |
| 58 | 59.5 | 0.88 | 1.5 |
| 59.5 | 60.2 | 2.63 | 0.7 |
| 60.2 | 61 | 0.37 | 0.8 |
| 61 | 62 | 0.21 | 1 |
| 62 | 63 | 0.21 | 1 |
| 63 | 64 | 0.24 | 1 |
| 69 | 70 | 0.37 | 1 |
| 70 | 71 | 0.31 | 1 |
| 74.5 | 75 | 0.21 | 0.5 |
| 82.7 | 82.9 | 0.29 | 0.2 |
| 85.2 | 85.4 | 0.51 | 0.2 |
| 95 | 95.3 | 0.22 | 0.3 |
| 107.1 | 107.3 | 0.13 | 0.2 |
| 107.7 | 107.9 | 0.34 | 0.2 |
| 117.3 | 118 | 0.13 | 0.7 |
| 118 | 118.2 | 0.59 | 0.2 |
| 137.1 | 137.3 | 0.30 | 0.2 |
| 138.8 | 139 | 0.33 | 0.2 |
| 145.3 | 145.6 | 0.10 | 0.3 |
| 154.1 | 154.3 | 4.81 | 0.2 |
| 154.3 | 154.7 | 6.11 | 0.4 |
| 154.7 | 155.5 | 0.12 | 0.8 |
| 174.9 | 175.1 | 0.13 | 0.2 |
| 181 | 181.7 | 0.16 | 0.7 |
| 181.7 | 181.9 | 1.29 | 0.2 |
| 210 | 210.8 | 0.13 | 0.8 |
| 210.8 | 211.55 | 0.79 | 0.75 |
| 211.55 | 212.4 | 0.83 | 0.85 |
| 212.4 | 213.2 | 1.55 | 0.8 |
| 213.2 | 213.4 | 0.49 | 0.2 |
| 213.4 | 213.95 | 0.72 | 0.55 |
| 213.95 | 215 | 0.23 | 1.05 |
| 215 | 215.75 | 0.22 | 0.75 |
| 215.75 | 216.7 | 0.26 | 0.95 |
| 216.7 | 216.9 | 0.13 | 0.2 |
| 216.9 | 217.1 | 0.23 | 0.2 |
| 217.1 | 217.2 | 0.19 | 0.1 |
| 245.4 | 245.6 | 0.29 | 0.2 |
| 245.6 | 246.1 | 0.13 | 0.5 |
| 246.1 | 246.3 | 0.84 | 0.2 |
| 246.3 | 247 | 0.14 | 0.7 |
| 247 | 247.5 | 0.33 | 0.5 |
| 247.5 | 248 | 0.48 | 0.5 |
| 248 | 248.4 | 0.37 | 0.4 |
| 248.4 | 249 | 0.53 | 0.6 |
| 249 | 249.7 | 0.17 | 0.7 |
| 249.7 | 250.1 | 2.40 | 0.4 |
| 250.1 | 251 | 0.72 | 0.9 |
| 251 | 252 | 0.49 | 1 |
| 252 | 252.8 | 0.28 | 0.8 |
| 252.8 | 253 | 0.49 | 0.2 |
| 253 | 253.6 | 0.33 | 0.6 |
| 253.6 | 254.3 | 0.30 | 0.7 |
| 254.3 | 254.5 | 0.47 | 0.2 |
| 256.4 | 256.6 | 0.25 | 0.2 |
| 256.6 | 256.8 | 0.16 | 0.2 |
| 256.8 | 257 | 3.06 | 0.2 |
Adam Jones, Andrew Haythorpe, bailieston gold project, david tang, ECR, ecr minerals, hr3, Maori Anticline, maori reef
NEXT STEPS
The Company is awaiting the results from another 7 drill holes within the HR3 Goldfield. Three of these holes were drilled 200m along strike to the south of hole BH3DD032.
Drilling is also planned to commence at the Blue Moon prospect next month (September 2022). Initially drilled in 2019 (see announcement dated 14 March 2019 here and announcement dated 1 May 2019 here), Blue Moon is located approximately 10km to the south of HR3 and is hosted within a large sandstone body. The Directors consider Blue Moon to be highly prospective due to its width and initial indications of more consistent grades.
In regard to Creswick, groundwork is currently underway, with soil and rock chip sampling in progress along strike and parallel to the 2021 drilling sites.
Work is also planned to commence in September 2022 at ECR’s Lolworth tenements in North Queensland. Initial reconnaissance work is intended to confirm historic visible gold sampling with additional follow up sampling towards the creek headwaters to locate the source of any gold anomalies.
The Company will keep shareholders updated on the progress of the planned 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.
MARKET ABUSE REGULATIONS (EU) No. 596/2014
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.
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 |
||||
| BlytheRay | Tel: +44 (0) 207 138 3204 | |||
| Public Relations | ||||
| Tim Blythe
|
||||
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 eight licence applications outstanding including two licence applications lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at both the Bailieston (EL5433) and Creswick (EL6148) projects 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 licence applications covering 900 km2 covering a relatively unexplored area in Queensland, Australia.
https://luxexploration.com/
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 70% 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.