dimocks main shale

ECR Minerals #ECR – Further Gold Results from Soil Sampling at Quartz Hill, Creswick

20th July 2023 / Leave a comment

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: 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 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 – Latest Results from Soil Sampling at the Creswick Project, Victoria, Australia

17th April 2023 / Leave a comment

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce the latest soil sampling results from the Creswick Project, Victoria, Australia.

ECR Minerals plc has 100% ownership of the Creswick Project which includes exploration tenements EL006907, EL006713 and EL006184. All licences reside north to 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 NE from the Nerrina Goldfields at Ballarat.

ECR CEO Andrew Haythorpe commented: “As the MIDAS drill rig team continues the campaign across our Creswick tenements, the soil sampling results in today continue to build a picture of mineralisation in the area – improving resolution of potential new drill targets for the future. The Board and geo teams are pleased to see that the regional historical precedents from the Ballarat East Mine and the spatial relationship between arsenic and gold are very much in evidence with ECR’s own results at Creswick.”

I look forward to reporting back with the remainder of the sampling results, along with the first results from the diamond drilling campaign.”

HIGHLIGHTS

Gold Results from initial 297 soil samples from Mills Reef Prospect received. Highest result includes 0.68 ppm Au.
A comparison study between Gold results and Arsenic analysis by pXRF shows a close spatial relationship at Creswick.
Arsenic analysis by pXRF has been completed for the Mills Reef, Bush Inn Road, Blue Gum prospects (on the proposed Dimocks Main Shale (DMS) mineralised trend).
Additional pXRF analysis coupled with rock chip results on new prospects on the western side of EL006713 highlight further potential sources of Gold.

Map analysis images related to this announcement can be viewed here:

Figure 1: Overview map of prospects referred to in this announcement:

https://www.ecrminerals.com/images/2023/Fig1_230414_Overview.png

Figure 2: Gold and Arsenic soil geochemistry results for Mills Reef area:

https://www.ecrminerals.com/images/2023/Fig2_230414_Mills_Reef.png

Figure 3: Plan showing spatial comparison between Gold and Arsenic analysis:

https://www.ecrminerals.com/images/2023/Fig3_230414_Davey_Rd.png

Figure 4: Plan showing Arsenic geochemistry and rock chipping at Kuboid Hill and Green Lode prospects:

https://www.ecrminerals.com/images/2023/Fig4_230414_KH_GL.png

Figure 5: Plan showing Arsenic geochemistry at the Central and South Blue Gum prospects:

https://www.ecrminerals.com/images/2023/Fig5_230414_CBG-BGS.png

Figure 6: Plan showing Arsenic geochemistry at the Central and South Blue Gum prospects:

https://www.ecrminerals.com/images/2023/Fig6_230414_BIR.png

INITIAL SOILS RESULTS FOR MILLS REEF AREA

On March 3 2023, ECR announced the commencement of soil sampling campaigns over the Mills Reef area (see RNS here). Located approximately 6km south of ECR’s wholly owned Brewery Lane property, Mills Reef lies along the proposed line of the DMS and associated gold lodes contained therein. Results for the first 297 soil samples have been received from a total of 685 samples taken across the postulated strike of three gold lodes. The samples revealed a best reading of 685 ppb Au, along with a raft of additional elevated gold values between 25 and 75 ppb (see Figure Two above). All samples are additionally analysed for potential pathfinder elements such as arsenic using an in-house portable x-ray fluorescent gun (pXRF).

RELATIONSHIP OF GOLD TO ARSENIC VALUES IN SOIL

Across the countless previous exploration campaigns undertaken across the Victoria Gold Fields, it is generally accepted that arsenic values are closely related spatially to gold-bearing structures. Previous studies of the nearby Ballarat East Mine showed that arsenic increases in values within approximately 50 metres of the surrounding wall rock to gold bearing structures, (refer to Geoscience World article for context here). Gold and arsenic results from ECR’s soil geochemistry to date is supportive of this theory and the Board believes that arsenic values in soils above 10 ppm are to be considered anomalous and worthy of follow-up analysis at the laboratory for any coincidental gold content. Taking into account the spatial relationship between gold and arsenic on two prospects at Creswick, Mills Reef (Figure Two above) and Davey Road (Figure Three above), the Board are of the view that the close relationship of gold to arsenic can be used to identify which samples should be sent to the laboratory for gold analysis, thereby reducing operating costs.

NEW PROSPECTS EL006713

Work also continued at other regional prospects within the EL006713 tenement, with soil sampling now complete for Bush Inn Road, Kuboid Hill and Blue Gum prospects. pXRF analytical results showing arsenic (As) highlights from these prospects are shown in the figures listed above. Initial As results from the Blue Gum prospect, located approximately 2km south of Brewery Lane, Springmount, highlight potential blind gold shoots along strike of the DMS (see Figure Five above). Results from Bush Inn Road also have highlighted arsenic anomalies that will need further checking for actual gold values, with a major arsenic high identified at the north-east end of the current soil grid (see Figure Six above). Bush Inn Road is located 1.5km to the south of Mills Reef and is also along strike of the DMS.

In addition to the work at the prospects already outlined, initial soil testing and rock chipping of prospects situated on the western side of EL006713 are being investigated. Soil sampling and surface rock chipping has been completed at a prospect known as Kuboid Hill. Rock chips and arsenic soil geochemistry has highlighted elevated gold in the circled area in (see Figure 4b above) with best chips up to 6.23 g/t Au. Another prospect known as Greens Lode is located nearby Kuboid Hill. Greens Lode contains historical works including a shaft and small open cut that has revealed a major quartz lode up to 4 metres wide. Rock chips from dumps and from in-situ veining has shown gold values up to 6.53 g/t Au. The best gold values have been obtained from a quartz system that lies some 10 metres east of the main strike of historical workings (see Figure 4a above). Soil sampling along strike has been completed and analysis of these soils is in progress.

NEXT STEPS

Infill soil sampling work is continuing along the strike areas containing the better soil sample results. Soils that show elevated arsenic have been set aside for further laboratory analysis for gold, and soil sample results (gold) are due shortly for the remaining Mills Reef area and Kuboid Hill prospect. ECR has also completed initial soil sampling on the north end of EL006184 at Quartz Hill where the quartz veins continue to the north.

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 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 – Diamond Drilling Programme commences at Creswick

3rd March 2023 / Leave a comment

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce that following completion of the Blue Moon drilling campaign, the MIDAS drill rig has now been redeployed and has today commenced drilling at the Creswick Project, Victoria, Australia.

ECR Minerals plc has 100% ownership of the Creswick Project which includes exploration tenements EL006907, EL006713 and EL006184. All licences reside north to 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 NE from the Nerrina Goldfields at Ballarat.

ECR CEO Andrew Haythorpe commented: “We enter an exciting and potentially game changing phase for our Creswick tenements this week. The exhaustive raft of data compiled, drill core retesting and the multitude of soil and rock sampling results already collected has the entire Board and geo team genuinely excited at the possibility of being able to confirm an extensive gold lode at Creswick.

“The MIDAS drill rig is onsite and our drill team already have the drill bit turning in the ground. I look forward to reporting back to you as soon as we have further news.”

HIGHLIGHTS

Drilling scheduled for at least 10 short holes into the Dimocks Main Shale (“DMS”) Slades Reef around and adjacent to the 2019 RC drilling campaign, with further drilling planned subject to progress. Our current hypothesis is that the gold is hosted within a series of east dipping veins.
Maiden diamond drilling scheduled at the Spring Hill Reef where recent rock chips were taken within the historic adit.
Sampling work at new tenement EL006713 has yielded over 600 soil samples from the Mills Reef system where anecdotal evidence from historic alluvial gold workings suggest at least 3 parallel sources of gold.
Sampling is also underway at Bush Inn Road located on the postulated strike of the Mills Reef system, 1km to the south.

Figures related to this announcement can be viewed here:

Figure 1: Overview map:

https://www.ecrminerals.com/images/2023/Fig1_Overview.png

Figure 2: Proposed Drilling-Brewery Lane:

https://www.ecrminerals.com/images/2023/Fig2_Brewery_Ln_DD.png

Figure 3: Active Soil Sampling-Mills Reef and Bush Inn Road:

https://www.ecrminerals.com/images/2023/Fig3_Soil_Sampling_march_2023.png

SLADES REEF DRILLING

An initial diamond drilling programme of at least 10 short holes has been scheduled into the DMS at Slades Reef (see Figure 2 above) adjacent to the site of the 2019 RC drilling campaign. Subject to progress, the drill team may go deeper into this system. Based on previous drilling and the retesting of the 2012 Creswick drill core (see RNS dated October 19 2022 here) the schedule has been planned around our current hypothesis that the gold is hosted within a series of east dipping veins. The MIDAS drill rig is now site and drilling has commenced.

SPRING HILL REEF SAMPLING

The team also plan to test drill the Spring Hill Reef where recent rock chips were taken within the historic adit. This will be the first diamond drilling ever undertaken into this reef system (see Figure 3 above).

Soil sampling work is also being undertaken at new Creswick tenement EL006713. Anecdotal evidence from historic alluvial gold workings suggests at least 3 parallel sources of gold (see Figure 3 above). The work is being undertaken by the team that undertook sampling at ECR’s Lolworth Range tenements in Queensland, and to date over 600 soil samples have been collected at the Mills Reef system. Soil samples are collected using a tight grid spacing system to ensure no traces of the eroded gold from the source are missed. With 297 samples delivered to the lab this week, the plan is to continue submitting around 300 samples each week. A lab turnaround of approximately 3 weeks is expected to result in a steady flow of results over the coming 2 months.

BUSH INN ROAD SAMPLING

Sampling is also continuing at Bush Inn Road, a grid located on a postulated strike of the Mills Reef system, 1km to the south (see Figure 3 above). Historic alluvial workings suggest that sources exist in the heads of these gullies. At least 400 samples will be collected here, and to date half of these samples have been collected ready for bagging and delivery to the lab. We expect to complete sampling work at Bush Inn Road by the end of next week.

A further 80 rock chip samples have been taken from regional prospects within tenement EL006713, and results are expected in 2 weeks.

NEXT STEPS

Naturally our drill team are keen to get back to Creswick, given the exceptional grades in the 2021 drill core retest, the positive soil sampling results from Davey Road (see announcement from January 23 2023 here) and the rock chip sampling results from the original Creswick property at Brewery Lane (see announcement from February 7 here) and Figure 2 above. Given the evidence amassed to date, the Board is of the opinion that in spite of the coarse nature of many of the samples, a gold lode could exist across the regional alluvial workings close to Brewery Lane, further afield along strike of the DMS into the new tenement area and east / north east across Spring Hill Reef and Mills Reef. With a raft of soil sample and rock chip sample results scheduled in the coming weeks, the drill team will ensure the holes are completed as quickly as possible in order that we can confirm our belief that the Creswick lode exists, and with the MIDAS rig still on site, continue with follow-up drilling as dictated by progress and results.

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 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 – Insitu Rock Chip Sampling at Creswick Licences EL006184 and EL006713

7th February 2023 / Leave a comment

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce high gold grades from recent in-situ rock chips sited within license EL006184 and newly acquired license EL006713 at the Creswick Project, Victoria, Australia.

ECR Minerals plc has 100% ownership of the Creswick Project which includes exploration tenements EL006907, EL006713 and EL006184. All licences reside north to 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 NE from the Nerrina Goldfields at Ballarat.

ECR CEO Andrew Haythorpe commented: “I am delighted to see these results from rock chip sampling. Along with the retest of the 2021 Creswick drill core (see RNS dated October 19 2022 here) and the parallel gold system identified at Davey Road and South Davey workings (see RNS dated December 22 2022 here), this work continues to support the Directors’ belief that Creswick could host an extended gold system. The Company’s field team has remained on the ground at the property to continue further sampling”

The Board remain excited by the potential opportunities for discovery across ECR’s asset portfolio, and are eager to push on and undertake further work at the earliest possible opportunity. I look forward to reporting back to you with further updates.”

HIGHLIGHTS

Insitu rock chip sampling from two accessible underground locations at the Brewery Lane property (EL006184) and Mills Reef East (EL006713) have been completed.
Highlights include 0.7m @ 189.42 g/t Au and 0.4m @ 86.51 g/t Au from (EL006184); 0.25m @ 441.23 g/t Au, 0.15m @ 140.83 g/t Au and 0.25m @ 24.92 g/t Au from (EL006713).
Widths of reported grades are close to true width.
Ground work continues through newly acquired tenements towards Ballarat.

Figures related to this announcement can be viewed here:

Figure 1: Overview map:

https://www.ecrminerals.com/images/2023/Fig1_Creswick_Rock_Chips.png

Figure 2: Plan of rock chip locations EL006184:

https://www.ecrminerals.com/images/2023/Fig2_Brewery_Lane_Chips.png

Figure 3: Plan of rock chip locations, Mills Reef East, EL006713:

https://www.ecrminerals.com/images/2023/Fig3_Mills_Reef_East_Chips.png

A complete list of sample results and locations is presented in Appendix 1 at the foot of this document.

BACKGROUND

Through ownership of the property at Brewery Lane, ECR geologists have taken advantage of the historical gold workings on the land, and, using their knowledge and experience from previous work in underground gold mines, have sampled a number of quartz veins within the old works (Sample ID’s CRSR058 to CRSR166A and CRSR390 to 461) and conducted an assessment of the ground conditions. Alongside this, the team have also undertaken preliminary sampling at ECR’s newly acquired tenement EL006713 at a location known as Mills Reef to generate a ‘geological snapshot’ of the area (Sample ID [NCR055 to NCR091]. Rock chips have been taken from exposed in-situ quartz veins where possible to assess possible gold grades within the tenement and correlate geology to grade.

BREWERY LANE

A 120m long adit (tunnel) forms part of the extensive network of historic mining works at the Company’s Brewery Lane property. The Directors understand the adit was originally driven into the hill in the 1800’s to access a mineralised system known as the Spring Hill Reef. This mineralised system parallels the Dimocks Main Shale (DMS), which lies to the west (see Figure 2 above).

Three quartz veins averaging 0.3m wide are accessible from 3 small crosscuts from the main adit. Veins in crosscut 1 and 3 show no gold however, the vein in the crosscut 2 revealed a best result of 0.15m @ 14.11 g/t Au (see Sample IDs CRSR098 to CRSR111 for all results in this area). At the end of the adit, the Spring Hill Reef was worked to the north over a strike of 20m, with veins systematically sampled over the roof and walls. The best results have come from an east dipping vein still present and visible on the wall of the adit. Rock chip samples taken from accessible points within this adit returned 0.7m @ 189.42 g/t Au and 0.4m @ 86.51 g/t. The remainder of this vein is not currently accessible. Results from duplicated samples of interest show a high variability in the results leading the board to conclude that, as with previous anomalous gold results reported from Creswick (see RNS from February 11 2022 here), coarse gold is present.

Rock chips have also been taken from remnant quartz samples on waste dumps along the line of reef workings going south from the adit (see Sample IDs [ ] to [ ]). The best result returned from this work revealed 4.79 g/t Au from a 0.5m wide vein in-situ at the top of a collapsed shaft.

MILLS REEF EAST

Sited within newly acquired Creswick tenement EL006713, the historic mining area known as Mills Reef lies approximately 4km south of Brewery Lane and is believed to lie along strike of the DMS corridor. LIDAR imagery reveals the extent of historic alluvial mining leading north up to a ridge line at the centre of the area (see Figure 3 above). There are 2 accessible locations to some of the historic underground workings. The adit leading west from the gully accesses part of the Mills Reef while a smaller adit has been driven to the east accessing Mills Reef East. Both adits have been sampled, although to date results have only been received for Mills Reef East (see Sample IDs NCR055 to NCR091. The best results from the East adit include 0.25m @ 441.23 g/t Au, 0.15m @ 140.83 g/t Au, 0.25m @ 24.92 g/t Au and other similarly good grades presented in Appendix 1 below. Geologically, the best results come from a series of shallow plunging spur veins that propagate from a fold/fault system. In appearance the historic workings are small scale however, the presence of extremely high gold grades and the possibility considered by the Board that these high grade structures at could be repeated at depth and along strike lend considerable credence to the presence of an extended gold system. It is also worth noting that such gold mineralisation is not untypical for the Central Victorian gold belt.

NEXT STEPS

This collection of high-grade results from remnant gold workings has encouraged the ECR geology team and the Board as to what could potentially await discovery in the ground across ECR’s three Creswick tenements. Soil sampling is already underway at Mills Reef area with further work planned. The priority areas for sampling will be along strike and the projected up-dip of mineralised veins sampled in the adits. The Board expects that this work will provide the necessary data to support a drilling program to follow up on anomalies in due course. With the availability of near immediate drill access to the Brewery Lane property and the location of some of ECR’s successful drill intercepts between 2019 and 2021, the next drill program will follow up on the DMS (Slades Reef) and test the Spring Hill Reef. Drill targets will also be planned and executed at the new tenements to the south of EL006184, including the Mills Reef area, while at the same time, on-ground work including further rock chip sampling and soil geochemistry will continue further south to delineate new drill targets

The Board will report back as these plans progress throughout 2023.

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 and can potentially receive up to US$2.7 million in aggregate across all licences.

Appendix One

Table 1: All rock chip results from sampling the Spring Hill Adit, Brewery Lane, EL006184. Highlighted results in bold.

(Grid reference GDA94 Zone 54).

SampleID	Easting	Northing	Elevation	Au_ppm	Location
CRSR058	759495.8	5854867	528.74	0.04	Spring Hill Adit-X cut 1
CRSR059	759496	5854867	528.781	0.04	Spring Hill Adit-X cut 1
CRSR060	759496.4	5854867	528.851	0.04	Spring Hill Adit-X cut 1
CRSR061	759496.8	5854867	528.953	0.04	Spring Hill Adit-X cut 1
CRSR062	759497.1	5854867	529.014	0.04	Spring Hill Adit-X cut 1
CRSR063	759495.8	5854867	528.74	0.04	Spring Hill Adit-X cut 1
CRSR064	759496.4	5854867	528.851	0.04	Spring Hill Adit-X cut 1
CRSR065	759496.9	5854862	529.02	0.04	Spring Hill Adit-X cut 1
CRSR066	759496.6	5854862	528.956	0.04	Spring Hill Adit-X cut 1
CRSR067	759496.4	5854862	528.92	0.04	Spring Hill Adit-X cut 1
CRSR068	759496.2	5854862	528.874	0.04	Spring Hill Adit-X cut 1
CRSR069	759496.9	5854862	529.02	0.04	Spring Hill Adit-X cut 1
CRSR070	759496.9	5854862	529.02	0.04	Spring Hill Adit-X cut 1
CRSR071	759493.1	5854862	528.81	0.04	Spring Hill Adit-X cut 1
CRSR072	759495.9	5854865	529.73	0.04	Spring Hill Adit-X cut 1
CRSR073	759496.1	5854865	529.726	0.04	Spring Hill Adit-X cut 1
CRSR074	759496.7	5854865	529.718	0.04	Spring Hill Adit-X cut 1
CRSR075	759496.9	5854865	529.715	0.04	Spring Hill Adit-X cut 1
CRSR076	759496.1	5854865	529.726	0.04	Spring Hill Adit-X cut 1
CRSR077	759496.9	5854865	529.715	0.04	Spring Hill Adit-X cut 1
CRSR078	759491.4	5854861	528.7983	0.04	Spring Hill Adit
CRSR079	759491.1	5854862	528.8181	0.04	Spring Hill Adit
CRSR080	759499.7	5854866	528.69	0.04	Spring Hill Adit
CRSR081	759499.2	5854866	528.951	0.04	Spring Hill Adit
CRSR082	759499.1	5854866	529.016	0.04	Spring Hill Adit
CRSR083	759498.8	5854865	529.19	0.07	Spring Hill Adit
CRSR084	759498.5	5854867	528.94	0.04	Spring Hill Adit
CRSR085	759498.6	5854867	528.917	0.04	Spring Hill Adit
CRSR086	759498.9	5854867	528.865	0.04	Spring Hill Adit
CRSR087	759499.1	5854867	528.835	0.04	Spring Hill Adit
CRSR088	759506.3	5854872	528.82	0.04	Spring Hill Adit
CRSR089	759506.5	5854872	528.828	0.04	Spring Hill Adit
CRSR090	759506.4	5854872	529.385	0.06	Spring Hill Adit
CRSR091	759507.3	5854871	528.94	0.04	Spring Hill Adit
CRSR092	759506.8	5854871	528.914	0.04	Spring Hill Adit
CRSR093	759506.6	5854871	528.901	0.04	Spring Hill Adit
CRSR094	759509.2	5854872	528.7839	0.04	Spring Hill Adit
CRSR095	759514.2	5854875	528.8267	0.04	Spring Hill Adit
CRSR096	759514.7	5854875	528.8254	0.04	Spring Hill Adit
CRSR097	759516.3	5854876	528.839	0.04	Spring Hill Adit
CRSR098	759522	5854882	528.88	0.16	Spring Hill Adit-X cut 2
CRSR099	759522.3	5854882	528.811	1.66	Spring Hill Adit-X cut 2
CRSR100	759522.5	5854882	528.753	0.64	Spring Hill Adit-X cut 2
CRSR101	759522.8	5854882	528.648	4.53	Spring Hill Adit-X cut 2
CRSR102	759522.3	5854882	529.318	0.77	Spring Hill Adit-X cut 2
CRSR103	759522.7	5854883	529.194	0.31	Spring Hill Adit-X cut 2
CRSR104	759522.9	5854881	529.68	0.04	Spring Hill Adit-X cut 2
CRSR105	759522.8	5854881	529.687	0.16	Spring Hill Adit-X cut 2
CRSR106	759522.6	5854881	529.699	0.04	Spring Hill Adit-X cut 2
CRSR107	759522.2	5854881	529.721	0.08	Spring Hill Adit-X cut 2
CRSR108	759522.1	5854881	529.726	0.04	Spring Hill Adit-X cut 2
CRSR109	759522.9	5854878	529.04	14.11	Spring Hill Adit-X cut 2
CRSR110	759522.8	5854878	529.06	0.04	Spring Hill Adit-X cut 2
CRSR111	759522.2	5854878	529.151	3.14	Spring Hill Adit-X cut 2
CRSR112	759520.3	5854878	528.7974	0.04	Spring Hill Adit
CRSR113	759521.4	5854879	528.7288	0.09	Spring Hill Adit
CRSR114	759521.8	5854879	528.506	0.04	Spring Hill Adit
CRSR115	759523	5854880	528.4265	0.04	Spring Hill Adit
CRSR116	759523.4	5854880	528.7772	0.04	Spring Hill Adit
CRSR117	759523.4	5854880	528.1335	0.05	Spring Hill Adit
CRSR118	759523.4	5854882	528.6035	0.04	Spring Hill Adit
CRSR119	759525.6	5854881	528.5784	0.04	Spring Hill Adit
CRSR120	759527.2	5854882	528.5812	0.04	Spring Hill Adit
CRSR121	759528.5	5854883	528.4408	0.18	Spring Hill Adit
CRSR122	759529.3	5854883	528.3394	0.04	Spring Hill Adit
CRSR123	759530.3	5854884	528.4569	0.05	Spring Hill Adit
CRSR124	759533.9	5854886	528.4802	0.04	Spring Hill Adit
CRSR125	759535.8	5854887	528.596	0.04	Spring Hill Adit
CRSR126	759531.1	5854886	528.7217	0.04	Spring Hill Adit
CRSR127	759538	5854888	528.6739	0.04	Spring Hill Adit
CRSR128	759537.7	5854889	529.4753	1.22	Spring Hill Adit
CRSR130	759542.3	5854890	528.7717	0.04	Spring Hill Adit
CRSR131	759543	5854891	528.8191	0.04	Spring Hill Adit
CRSR132	759544.8	5854892	528.7643	0.05	Spring Hill Adit
CRSR133	759545.7	5854892	528.7944	0.09	Spring Hill Adit
CRSR134	759547.4	5854893	528.8282	0.04	Spring Hill Adit
CRSR135	759549.6	5854896	528.9082	0.09	Spring Hill Adit
CRSR136	759551.8	5854896	528.8757	0.04	Spring Hill Adit
CRSR137	759552.4	5854896	528.733	0.04	Spring Hill Adit
CRSR138	759554.8	5854898	528.8027	0.04	Spring Hill Adit
CRSR139	759556.2	5854898	528.8658	0.04	Spring Hill Adit
CRSR140	759560.8	5854908	529.27	0.04	Spring Hill Adit-X cut 3
CRSR141	759561	5854908	529.276	0.16	Spring Hill Adit-X cut 3
CRSR142	759561.1	5854908	529.279	0.04	Spring Hill Adit-X cut 3
CRSR143	759561.3	5854908	529.285	0.04	Spring Hill Adit-X cut 3
CRSR144	759561.4	5854908	529.288	0.04	Spring Hill Adit-X cut 3
CRSR145	759561.3	5854908	528.776	0.04	Spring Hill Adit-X cut 3
CRSR146	759560.8	5854907	528.1943	0.04	Spring Hill Adit-X cut 3
CRSR147	759561.2	5854906	529.5	0.04	Spring Hill Adit-X cut 3
CRSR148	759561.4	5854906	529.5	0.04	Spring Hill Adit-X cut 3
CRSR149	759561.6	5854906	529.5	0.04	Spring Hill Adit-X cut 3
CRSR150A	759562.1	5854906	528.7727	0.04	Spring Hill Adit-X cut 3
CRSR152A	759561.6	5854903	529.5	0.04	Spring Hill Adit-X cut 3
CRSR153A	759561.8	5854903	529.5	0.04	Spring Hill Adit-X cut 3
CRSR154A	759562.1	5854903	529.5	0.04	Spring Hill Adit-X cut 3
CRSR155A	759563.5	5854904	528.811	0.04	Spring Hill Adit-X cut 3
CRSR156A	759563.5	5854902	528.8601	0.04	Spring Hill Adit-X cut 3
CRSR157A	759562.8	5854901	529.81	0.04	Spring Hill Adit-X cut 3
CRSR158A	759562.5	5854901	529.812	0.04	Spring Hill Adit-X cut 3
CRSR159A	759562.8	5854899	529.72	0.04	Spring Hill Adit-X cut 3
CRSR160A	759562.5	5854899	529.668	0.04	Spring Hill Adit-X cut 3
CRSR161A	759562.1	5854899	529.606	0.04	Spring Hill Adit-X cut 3
CRSR162A	759562.4	5854896	530.42	0.04	Spring Hill Adit-X cut 3
CRSR163A	759562.1	5854896	530.435	0.04	Spring Hill Adit-X cut 3
CRSR164A	759562.4	5854894	528.74	0.04	Spring Hill Adit-X cut 3
CRSR165A	759561.9	5854894	528.747	0.04	Spring Hill Adit-X cut 3
CRSR166A	759561.7	5854894	528.75	0.04	Spring Hill Adit-X cut 3
CRSR390	759577.3	5854938	528.51	0.1	Spring Hill Adit-Main North Drive
CRSR391	759577.5	5854938	528.503	0.1	Spring Hill Adit-Main North Drive
CRSR392	759577.7	5854938	528.495	0.1	Spring Hill Adit-Main North Drive
CRSR393	759576.9	5854938	528.051	0.1	Spring Hill Adit-Main North Drive
CRSR394	759578.2	5854936	529.157	0.1	Spring Hill Adit-Main North Drive
CRSR395	759578.2	5854936	529.157	0.1	Spring Hill Adit-Main North Drive
CRSR396	759578.6	5854936	529.152	0.1	Spring Hill Adit-Main North Drive
CRSR397	759577.5	5854934	528.81	34.65	Spring Hill Adit-Main North Drive
CRSR398	759577.5	5854934	528.81	189.42	Spring Hill Adit-Main North Drive
CRSR399	759577.4	5854935	529.401	0.13	Spring Hill Adit-Main North Drive
CRSR400	759577.6	5854933	528.99	0.49	Spring Hill Adit-Main North Drive
CRSR401	759577.6	5854933	528.49	0.58	Spring Hill Adit-Main North Drive
CRSR402	759577.6	5854933	528.49	86.51	Spring Hill Adit-Main North Drive
CRSR403	759577.6	5854931	531.51	0.13	Spring Hill Adit-Main North Drive
CRSR404	759577.9	5854931	531.51	0.15	Spring Hill Adit-Main North Drive
CRSR405	759578.1	5854931	531.51	0.1	Spring Hill Adit-Main North Drive
CRSR406	759578.7	5854931	531.51	0.15	Spring Hill Adit-Main North Drive
CRSR407	759578.9	5854931	531.51	0.1	Spring Hill Adit-Main North Drive
CRSR408	759577.9	5854931	531.51	0.1	Spring Hill Adit-Main North Drive
CRSR409	759578.7	5854931	531.51	0.1	Spring Hill Adit-Main North Drive
CRSR410	759578.9	5854936	529.345	0.1	Spring Hill Adit-Main North Drive
CRSR411	759577.5	5854928	529.6907	0.1	Spring Hill Adit-Main North Drive
CRSR412	759577.6	5854928	530.12	0.1	Spring Hill Adit-Main North Drive
CRSR413	759577.5	5854929	531.52	0.1	Spring Hill Adit-Main North Drive
CRSR414	759577.6	5854929	531.52	0.1	Spring Hill Adit-Main North Drive
CRSR415	759578.1	5854929	531.52	0.1	Spring Hill Adit-Main North Drive
CRSR416	759578.3	5854929	531.52	0.1	Spring Hill Adit-Main North Drive
CRSR417	759578.4	5854929	531.52	0.1	Spring Hill Adit-Main North Drive
CRSR418	759577.7	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR419	759578.1	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR420	759578.3	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR421	759578.7	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR422	759578.8	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR423	759579.1	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR424	759579.1	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR425	759578.7	5854926	531.32	0.1	Spring Hill Adit-Main North Drive
CRSR426	759577.6	5854925	531.02	0.1	Spring Hill Adit-Main North Drive
CRSR427	759578	5854925	531.019	0.12	Spring Hill Adit-Main North Drive
CRSR428	759578.4	5854925	531.019	0.32	Spring Hill Adit-Main North Drive
CRSR429	759578.8	5854925	531.018	0.1	Spring Hill Adit-Main North Drive
CRSR430	759579.1	5854925	531.017	0.1	Spring Hill Adit-Main North Drive
CRSR431	759579.2	5854925	531.017	0.1	Spring Hill Adit-Main North Drive
CRSR432	759577.6	5854925	531.02	0.1	Spring Hill Adit-Main North Drive
CRSR433	759578	5854925	531.019	0.25	Spring Hill Adit-Main North Drive
CRSR434	759577.7	5854925	530.262	0.97	Spring Hill Adit-Main North Drive
CRSR435	759577.5	5854922	530.78	0.1	Spring Hill Adit-Main North Drive
CRSR436	759577.7	5854922	530.78	0.1	Spring Hill Adit-Main North Drive
CRSR437	759578	5854922	530.78	0.1	Spring Hill Adit-Main North Drive
CRSR438	759578.5	5854922	530.78	0.1	Spring Hill Adit-Main North Drive
CRSR439	759577.7	5854922	530.78	0.1	Spring Hill Adit-Main North Drive
CRSR440	759578	5854922	530.78	0.11	Spring Hill Adit-Main North Drive
CRSR441	759577.3	5854920	529.393	0.1	Spring Hill Adit-Main North Drive
CRSR442	759577.3	5854920	530.46	0.1	Spring Hill Adit-Main North Drive
CRSR443	759577.8	5854920	530.461	0.1	Spring Hill Adit-Main North Drive
CRSR444	759578	5854920	530.462	0.1	Spring Hill Adit-Main North Drive
CRSR445	759578	5854920	530.462	0.1	Spring Hill Adit-Main North Drive
CRSR446	759579.2	5854934	528.6549	0.1	Spring Hill Adit-Main North Drive
CRSR447	759579.5	5854919	530.15	0.1	Spring Hill Adit-Main North Drive
CRSR448	759579.1	5854918	530.15	0.1	Spring Hill Adit-Main North Drive
CRSR449	759579.1	5854918	530.15	0.1	Spring Hill Adit-Main North Drive
CRSR450	759577.5	5854917	530.04	0.1	Spring Hill Adit-Main North Drive
CRSR451	759577.8	5854917	530.052	0.1	Spring Hill Adit-Main North Drive
CRSR452	759578.1	5854917	530.064	0.29	Spring Hill Adit-Main North Drive
CRSR453	759578.3	5854917	530.073	0.1	Spring Hill Adit-Main North Drive
CRSR454	759578.5	5854917	530.081	0.12	Spring Hill Adit-Main North Drive
CRSR455	759578.7	5854917	530.089	0.1	Spring Hill Adit-Main North Drive
CRSR456	759579	5854917	530.101	0.1	Spring Hill Adit-Main North Drive
CRSR457	759579.3	5854917	530.113	15.73	Spring Hill Adit-Main North Drive
CRSR458	759475.6	5854588	531.749	0.67	Spring Hill Reef Sth-dump samples at surface
CRSR459	759475.6	5854588	531.749	0.2	Spring Hill Reef Sth-dump samples at surface
CRSR460	759474.1	5854586	532.4049	0.59	Spring Hill Reef Sth-dump samples at surface
CRSR461	759470	5854587	532.0925	0.18	Spring Hill Reef Sth-dump samples at surface
CRSR462	759471.6	5854584	532.9552	0.1	Spring Hill Reef Sth-dump samples at surface
CRSR463	759471.5	5854582	533.1038	0.38	Spring Hill Reef Sth-dump samples at surface
CRSR464	759468.3	5854592	530.9085	0.17	Spring Hill Reef Sth-dump samples at surface
CRSR465	759467.6	5854585	531.9393	0.42	Spring Hill Reef Sth-dump samples at surface
CRSR466	759472.7	5854599	529.7131	0.2	Spring Hill Reef Sth-dump samples at surface
CRSR467	759472.3	5854601	529.7301	0.1	Spring Hill Reef Sth-dump samples at surface
CRSR468	759474	5854600	529.357	0.13	Spring Hill Reef Sth-dump samples at surface
CRSR469	759474	5854600	529.357	0.1	Spring Hill Reef Sth-dump samples at surface
CRSR470	759468.9	5854573	533.553	0.1	Spring Hill Reef Sth-dump samples at surface
CRSR471	759469	5854568	534.293	0.1	Spring Hill Reef Sth-dump samples at surface
CRSR472	759469	5854568	534.2932	0.9	Spring Hill Reef Sth-dump samples at surface
CRSR473	759472.4	5854565	535.635	0.1	Spring Hill Reef Sth-dump samples at surface
CRSR474	759472.3	5854561	536.2447	0.1	Spring Hill Reef Sth-dump samples at surface

Table 2: Reported rock chip results from the Mills Reef Adit East, EL006713 Highlighted results in bold.

(Grid reference GDA94 Zone 54).

SampleID	Easting	Northing	Elevation	Au_ppm	Location
NCR055	758840.1	5849941	543.8032	16.61	Mills Reef East Adit
NCR061	758839.1	5849942	543.4986	1.84	Mills Reef East Adit
NCR063	758839.5	5849943	543.638	16.01	Mills Reef East Adit
NCR065	758840.6	5849947	543.7093	140.83	Mills Reef East Adit
NCR075	758841.7	5849954	544.1188	2.54	Mills Reef East Adit
NCR081	758842	5849951	543.6339	3.19	Mills Reef East Adit
NCR082	758841.7	5849952	544.21	2.26	Mills Reef East Adit
NCR084	758842.3	5849949	542.6121	441.23	Mills Reef East Adit
NCR087	758841.3	5849949	544.0793	7.2	Mills Reef East Adit
NCR088	758841.2	5849949	543.4899	24.92	Mills Reef East Adit
NCR091	758841.2	5849949	542.786	2.23	Mills Reef East Adit

ECR Minerals #ECR – Soil Geochemistry Results from License EL006184

23rd January 2023 / Leave a comment

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce updated results from soil sampling and other on-going exploration activities within licence EL006184 at Creswick, Victoria, Australia.

ECR Minerals plc has 100% ownership of the Creswick Project which includes exploration tenements EL006907, EL006713 and EL006184. All licences reside north to 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 NE from the Nerrina Goldfields at Ballarat.

ECR CEO Andrew Haythorpe commented: “The ECR board is now of the opinion that the geochem results from the Davey Road prospect provides ample evidence that Creswick is host to an extended gold system, and that our decision to plan a drilling campaign and complete permit applications is fully justified. This view is further supported by the samples and anecdotal evidence of drill specks in road gutters from the Blue Gum South prospect in our ‘on the ground’ follow up to the 2021 diamond drill campaign.”

As we start to ramp up our activities ahead of the 2023 drilling campaign, I very much look forward to reporting back to you with our full Creswick drill plan, and on our activities across our other assets”

HIGHLIGHTS

Final results from soil sampling at the newly identified Creswick Davey Road ‘CDY’ prospect have just been received.
Results up to 1.59 ppm Au obtained at the Blue Gum South ‘BGS’ prospect.

Figures related to this announcement can be viewed here;

Figure 1: Location map

https://www.ecrminerals.com/images/2023/fig1_Overview_Map_230120.png

Figure 2: Update gold anomaly map for Davey Road Prospect (CDY)

https://www.ecrminerals.com/images/2023/fig2_Davey_Rd_update_230120.png

Figure 3: Gold anomalies identified at Blue Gum South (BGS)

https://www.ecrminerals.com/images/2023/fig3_BGS_230120.png

UPDATED SOIL RESULTS AT DAVEY ROAD

Further results have been received from soil sampling at the recently announced Davey Road Prospect ‘CDY’ (see RNS from December 22 2022 here). Plotting of all the results strongly suggests that gold mineralisation originates from the North end of a line of historical gold workings, with another strong gold anomaly also present at the southern end of the historic workings. The Board believes these two anomalies represent the outcrop of two possible gold shoots.

GOLD ANOMALISM AT BLUE GUM SOUTH PROSPECT

Soil sampling has also been completed over a small grid area 200 metres to the north of some of the best drill intercepts from 2021’s diamond drilling (see Figure 3 above), where hole CSD003 returned 0.95m @ 9.93 g/t Au from 84.2m and 0.95m @ 23.58 g/t Au from 89.05m down hole. This grid lies within the Dimocks Main Shale trend., and the Company has named this prospect Blue Gum South ‘BGS’ after the access tracks to the area. Gold ‘specks’ can also be obtained from the road gutters within the grid. A small anomalous area of gold has been identified on the east side of the grid area with a maximum result of 1.59 ppm Au. Abundant quartz veining is visible across the hillside immediately above the anomalous area. Rock chips of the exposed part of the vein within the track have shown no gold result to date.

Table 1. Top 15 anomalous Soil Samples at Davey Road and Blue Gum South Prospect.

PROSPECT	EASTING	NORTHING	AU (ppm)
BGS	759330	5853924	1.59
BGS	759339	5853924	0.066
CDY	759861	5853807	0.037
CDY	759877	5853374	0.032
CDY	759841	5853392	0.031
CDY	759852	5853806	0.028
CDY	759876	5853499	0.02
CDY	759850	5853815	0.019
BGS	759383	5853889	0.015
CDY	759882	5853478	0.012
CDY	759879	5853392	0.009
BGS	759325	5853917	0.009
CDY	759884	5853365	0.008
BGS	759349	5853924	0.008
CDY	759845	5853657	0.007

CDY (Creswick Davey Road Prospect), BGS (Blue Gum South Prospect)

*Co-ordinates in GDA94 Zone 54

**A complete set of results are set out in the Appendix at the end of this announcement.

NEXT STEPS

The soil exploration methodology utilised on EL006184 has proved effective in identifying blind outcrops of gold mineralisation. The anomalies identified to date will provide the foundations for a drilling program this year. Permits are being currently drafted for submission to the regional government.

Additionally, the field team have been actively sampling and mapping insitu quartz veins from exposed features accessible within historic adits, pits and trenches within EL006184 and the newly granted tenement EL006713 adjoining to the south. Added to this, the Company is also targeting other potential prospects along the strike of the Dimocks Main Shale trend. The aim of this work is to evaluate veining widths where possible and to provide some guidance in regard to possible gold grades from historical workings. This work will also form a key part of the drill programme planning process. Further details of the planning process will be released in due course. .

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 and can potentially receive up to US$2.7 million in aggregate across all licences.

**APPENDIX 1: All reportable soil sampling results, CDY and BGS sampling grids

Prospect	SampleID	Co-ordinate	Easting	Northing	Au_ppb
CDY	CDY068	GDA94_Z54	759844.6	5853657	7
CDY	CDY069	GDA94_Z54	759854.1	5853656	5
CDY	CDY070	GDA94_Z54	759864	5853656	3
CDY	CDY071	GDA94_Z54	759873.2	5853654	2
CDY	CDY072	GDA94_Z54	759885.2	5853656	3
CDY	CDY073	GDA94_Z54	759845.2	5853667	2
CDY	CDY074	GDA94_Z54	759855.6	5853665	1
CDY	CDY075	GDA94_Z54	759863.6	5853664	1
CDY	CDY076	GDA94_Z54	759873.7	5853666	1
CDY	CDY077	GDA94_Z54	759884.2	5853664	5
CDY	CDY078	GDA94_Z54	759843.7	5853675	3
CDY	CDY079	GDA94_Z54	759854.8	5853676	1
CDY	CDY080	GDA94_Z54	759864.8	5853676	3
CDY	CDY081	GDA94_Z54	759874.2	5853676	2
CDY	CDY082	GDA94_Z54	759883.3	5853675	1
CDY	CDY083	GDA94_Z54	759842.9	5853686	1
CDY	CDY084	GDA94_Z54	759853	5853686	2
CDY	CDY085	GDA94_Z54	759864.7	5853686	2
CDY	CDY086	GDA94_Z54	759874.2	5853686	3
CDY	CDY087	GDA94_Z54	759883.9	5853684	1
CDY	CDY088	GDA94_Z54	759845.2	5853696	1
CDY	CDY089	GDA94_Z54	759853.6	5853695	2
CDY	CDY090	GDA94_Z54	759864.3	5853696	4
CDY	CDY091	GDA94_Z54	759873.3	5853695	1
CDY	CDY092	GDA94_Z54	759884.1	5853696	1
CDY	CDY093	GDA94_Z54	759843.8	5853705	1
CDY	CDY094	GDA94_Z54	759853.1	5853706	1
CDY	CDY095	GDA94_Z54	759862.6	5853706	1
CDY	CDY096	GDA94_Z54	759872.8	5853705	1
CDY	CDY097	GDA94_Z54	759884.3	5853704	1
CDY	CDY098	GDA94_Z54	759844.7	5853716	1
CDY	CDY099	GDA94_Z54	759853.9	5853717	1
CDY	CDY100	GDA94_Z54	759862.9	5853716	1
CDY	CDY101	GDA94_Z54	759874.5	5853716	3
CDY	CDY102	GDA94_Z54	759883.5	5853717	1
CDY	CDY103	GDA94_Z54	759843.3	5853725	1
CDY	CDY104	GDA94_Z54	759853.5	5853726	1
CDY	CDY105	GDA94_Z54	759863.1	5853726	1
CDY	CDY106	GDA94_Z54	759873	5853726	1
CDY	CDY107	GDA94_Z54	759882.4	5853727	3
CDY	CDY108	GDA94_Z54	759842.8	5853736	1
CDY	CDY109	GDA94_Z54	759853	5853736	1
CDY	CDY110	GDA94_Z54	759862.1	5853736	5
CDY	CDY111	GDA94_Z54	759873.2	5853736	1
CDY	CDY112	GDA94_Z54	759882.3	5853735	1
CDY	CDY113	GDA94_Z54	759842.8	5853746	1
CDY	CDY114	GDA94_Z54	759852.2	5853746	1
CDY	CDY115	GDA94_Z54	759862.5	5853746	1
CDY	CDY116	GDA94_Z54	759872.1	5853746	2
CDY	CDY117	GDA94_Z54	759883.1	5853744	1
CDY	CDY118	GDA94_Z54	759842.7	5853756	1
CDY	CDY119	GDA94_Z54	759853.3	5853757	1
CDY	CDY120	GDA94_Z54	759861.9	5853756	2
CDY	CDY121	GDA94_Z54	759871.7	5853755	4
CDY	CDY122	GDA94_Z54	759880.5	5853754	1
CDY	CDY123	GDA94_Z54	759841.6	5853765	6
CDY	CDY124	GDA94_Z54	759851.9	5853767	1
CDY	CDY125	GDA94_Z54	759861.7	5853767	3
CDY	CDY126	GDA94_Z54	759874	5853765	6
CDY	CDY127	GDA94_Z54	759881	5853766	1
CDY	CDY128	GDA94_Z54	759842.1	5853775	1
CDY	CDY129	GDA94_Z54	759852.4	5853777	2
CDY	CDY130	GDA94_Z54	759861.9	5853775	4
CDY	CDY131	GDA94_Z54	759872	5853775	2
CDY	CDY132	GDA94_Z54	759881.6	5853776	1
CDY	CDY133	GDA94_Z54	759842.6	5853786	2
CDY	CDY134	GDA94_Z54	759853.3	5853786	5
CDY	CDY135	GDA94_Z54	759860.9	5853787	5
CDY	CDY136	GDA94_Z54	759871.4	5853784	3
CDY	CDY137	GDA94_Z54	759882.6	5853786	1
CDY	CDY138	GDA94_Z54	759842.6	5853795	1
CDY	CDY139	GDA94_Z54	759851.4	5853795	6
CDY	CDY140	GDA94_Z54	759861.1	5853796	5
CDY	CDY141	GDA94_Z54	759871.9	5853796	2
CDY	CDY142	GDA94_Z54	759881.8	5853796	1
CDY	CDY143	GDA94_Z54	759841.1	5853806	4
CDY	CDY144	GDA94_Z54	759852.3	5853806	28
CDY	CDY145	GDA94_Z54	759861.4	5853807	37
CDY	CDY146	GDA94_Z54	759871.4	5853804	1
CDY	CDY147	GDA94_Z54	759883.5	5853806	1
CDY	CDY148	GDA94_Z54	759840.3	5853816	3
CDY	CDY149	GDA94_Z54	759850.1	5853815	19
CDY	CDY150	GDA94_Z54	759862.4	5853816	4
CDY	CDY151	GDA94_Z54	759870.8	5853817	1
CDY	CDY152	GDA94_Z54	759880.4	5853814	1
CDY	CDY402	GDA94_Z54	759871.1	5853409	4
CDY	CDY403	GDA94_Z54	759883.6	5853408	6
CDY	CDY404	GDA94_Z54	759893.2	5853409	3
CDY	CDY405	GDA94_Z54	759900.3	5853407	1
CDY	CDY406	GDA94_Z54	759907.7	5853405	1
CDY	CDY407	GDA94_Z54	759853.9	5853417	2
CDY	CDY408	GDA94_Z54	759863.9	5853417	4
CDY	CDY409	GDA94_Z54	759872.7	5853416	2
CDY	CDY410	GDA94_Z54	759883.2	5853416	7
CDY	CDY411	GDA94_Z54	759851.4	5853447	1
CDY	CDY412	GDA94_Z54	759904.7	5853451	1
CDY	CDY413	GDA94_Z54	759884.3	5853365	8
CDY	CDY414	GDA94_Z54	759852.1	5853476	3
CDY	CDY415	GDA94_Z54	759863	5853476	7
CDY	CDY416	GDA94_Z54	759871.7	5853479	3
CDY	CDY417	GDA94_Z54	759881.7	5853478	12
CDY	CDY418	GDA94_Z54	759891.7	5853477	2
CDY	CDY419	GDA94_Z54	759901.3	5853478	4
CDY	CDY420	GDA94_Z54	759910.5	5853477	1
CDY	CDY421	GDA94_Z54	759877.3	5853374	32
CDY	CDY422	GDA94_Z54	759850.6	5853378	2
CDY	CDY423	GDA94_Z54	759834.6	5853384	1
CDY	CDY424	GDA94_Z54	759823.7	5853381	1
CDY	CDY425	GDA94_Z54	759816.3	5853382	1
CDY	CDY426	GDA94_Z54	759902.4	5853390	1
CDY	CDY427	GDA94_Z54	759891.9	5853392	4
CDY	CDY428	GDA94_Z54	759878.6	5853392	9
CDY	CDY429	GDA94_Z54	759873.9	5853392	3
CDY	CDY430	GDA94_Z54	759861.6	5853392	1
CDY	CDY431	GDA94_Z54	759851.7	5853392	3
CDY	CDY432	GDA94_Z54	759841.5	5853392	31
CDY	CDY433	GDA94_Z54	759824.4	5853394	1
CDY	CDY434	GDA94_Z54	759868.2	5853500	1
CDY	CDY435	GDA94_Z54	759876	5853499	20
CDY	CDY436	GDA94_Z54	759887.1	5853497	2
CDY	CDY437	GDA94_Z54	759895.4	5853496	1
CDY	CDY438	GDA94_Z54	759903.7	5853497	1
CDY	CDY439	GDA94_Z54	759911.5	5853496	1
CDY	CDY440	GDA94_Z54	759919.2	5853499	1
BGS	BGS1478	GDA94_Z54	759272.4	5853872	3
BGS	BGS1479	GDA94_Z54	759282.3	5853873	1
BGS	BGS1480	GDA94_Z54	759291.9	5853875	1
BGS	BGS1481	GDA94_Z54	759299.7	5853875	1
BGS	BGS1482	GDA94_Z54	759312.2	5853879	1
BGS	BGS1483	GDA94_Z54	759321.8	5853877	1
BGS	BGS1484	GDA94_Z54	759333.5	5853878	1
BGS	BGS1485	GDA94_Z54	759345.4	5853876	1
BGS	BGS1486	GDA94_Z54	759350.9	5853879	1
BGS	BGS1487	GDA94_Z54	759362.2	5853876	1
BGS	BGS1488	GDA94_Z54	759372	5853878	1
BGS	BGS1489	GDA94_Z54	759381.1	5853877	1
BGS	BGS1490	GDA94_Z54	759270.4	5853881	1
BGS	BGS1491	GDA94_Z54	759282.1	5853884	1
BGS	BGS1492	GDA94_Z54	759291.7	5853886	1
BGS	BGS1493	GDA94_Z54	759302.9	5853884	1
BGS	BGS1494	GDA94_Z54	759312.3	5853885	1
BGS	BGS1495	GDA94_Z54	759321.4	5853886	1
BGS	BGS1496	GDA94_Z54	759331.6	5853887	1
BGS	BGS1497	GDA94_Z54	759341.3	5853887	1
BGS	BGS1498	GDA94_Z54	759351.1	5853888	1
BGS	BGS1499	GDA94_Z54	759360.5	5853886	1
BGS	BGS1500	GDA94_Z54	759373	5853889	1
BGS	BGS1501	GDA94_Z54	759383.2	5853889	15
BGS	BGS1502	GDA94_Z54	759269.8	5853892	1
BGS	BGS1503	GDA94_Z54	759280.8	5853895	1
BGS	BGS1504	GDA94_Z54	759289.8	5853895	1
BGS	BGS1505	GDA94_Z54	759298.5	5853894	1
BGS	BGS1506	GDA94_Z54	759310.2	5853894	1
BGS	BGS1507	GDA94_Z54	759321.6	5853895	4
BGS	BGS1508	GDA94_Z54	759333.4	5853897	2
BGS	BGS1509	GDA94_Z54	759340.9	5853896	1
BGS	BGS1510	GDA94_Z54	759349.8	5853896	1
BGS	BGS1511	GDA94_Z54	759361.3	5853895	1
BGS	BGS1512	GDA94_Z54	759370.1	5853895	1
BGS	BGS1513	GDA94_Z54	759381.9	5853896	1
BGS	BGS1514	GDA94_Z54	759270.7	5853902	1
BGS	BGS1515	GDA94_Z54	759280.6	5853903	1
BGS	BGS1516	GDA94_Z54	759289.2	5853906	1
BGS	BGS1517	GDA94_Z54	759297.7	5853905	5
BGS	BGS1518	GDA94_Z54	759310.7	5853906	1
BGS	BGS1519	GDA94_Z54	759316.1	5853905	1
BGS	BGS1520	GDA94_Z54	759330.3	5853904	2
BGS	BGS1521	GDA94_Z54	759341.4	5853905	1
BGS	BGS1522	GDA94_Z54	759350.7	5853905	1
BGS	BGS1523	GDA94_Z54	759360.5	5853904	1
BGS	BGS1524	GDA94_Z54	759369.6	5853906	1
BGS	BGS1525	GDA94_Z54	759378.1	5853904	1
BGS	BGS1526	GDA94_Z54	759269.6	5853911	1
BGS	BGS1527	GDA94_Z54	759278.4	5853911	1
BGS	BGS1528	GDA94_Z54	759288.5	5853913	2
BGS	BGS1529	GDA94_Z54	759298.2	5853913	1
BGS	BGS1530	GDA94_Z54	759309.4	5853912	1
BGS	BGS1531	GDA94_Z54	759324.7	5853917	9
BGS	BGS1532	GDA94_Z54	759329.7	5853914	1
BGS	BGS1533	GDA94_Z54	759338.4	5853914	1
BGS	BGS1534	GDA94_Z54	759348.3	5853913	1
BGS	BGS1535	GDA94_Z54	759354.6	5853913	1
BGS	BGS1536	GDA94_Z54	759277.2	5853927	1
BGS	BGS1537	GDA94_Z54	759294.7	5853926	4
BGS	BGS1538	GDA94_Z54	759307.9	5853929	1
BGS	BGS1539	GDA94_Z54	759319.2	5853923	1
BGS	BGS1540	GDA94_Z54	759330.2	5853924	1590
BGS	BGS1541	GDA94_Z54	759338.6	5853924	66
BGS	BGS1542	GDA94_Z54	759349.4	5853924	8
BGS	BGS1544	GDA94_Z54	759268.3	5853931	2
BGS	BGS1545	GDA94_Z54	759279	5853942	1
BGS	BGS1546	GDA94_Z54	759294.8	5853941	1
BGS	BGS1547	GDA94_Z54	759304.5	5853939	1
BGS	BGS1548	GDA94_Z54	759315.8	5853933	1
BGS	BGS1549	GDA94_Z54	759324.1	5853937	1
BGS	BGS1550	GDA94_Z54	759335.3	5853934	1
BGS	BGS1551	GDA94_Z54	759347.6	5853933	1
BGS	BGSA1535	GDA94_Z54	759268.9	5853920	1

ECR Minerals #ECR – Creswick Project Update

11th February 2022 / Leave a comment

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to provide an update regarding the Creswick exploration project to shareholders.

ECR Minerals plc has 100% ownership of EL006184 and EL006907 located at Creswick, Central Victoria, Australia. Exploration is being undertaken by ECR’s Australian wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).

ECR Chairman David Tang commented: “On behalf of our board I am pleased to report that these results show that Creswick, while complex in its geology and the nature of its mineralisation, has provided a solid platform of data that fully justifies our decision to progress Creswick and EL006184 to the next phase of exploration. The latest data also further justifies the strategy behind the purchase of the Brewing Lane property in September 2021, as it now provides a centre for our operations in Creswick and the potential to develop a mine decline should we decide to embark on that course in the future. Our board and exploration team are also excited by the potential at the recently awarded license area at EL006907, adjacent to Creswick”

“I would also like to apologise to shareholders for the delay in publishing the Creswick results. The prevalence of COVID-19 in Victoria in recent months has resulted in delays in results from the laboratory and interruptions in the supply chain supporting exploration activities.”

“Our search for a CEO continues, some early candidates have been identified and the interviewing process is underway. I would ask shareholders to bear with us during this time. I am also aware that some shareholders are concerned that our social media communication process has fallen below previous levels. We are working to address this.”

SUMMARY:

Anomalous gold results have been received from the remaining samples from the diamond drilling program completed at the end of 2021.
Recent duplicate sampling is revealing erratic gold results due to the presence of coarse gold, potentially undervaluing the true estimated grade.
Assay result turn-around time has been delayed due to COVID-19 management and related staff shortages at the laboratory.

BACKGROUND

The Creswick project is located approximately 18km to the north of the City of Ballarat. Ballarat itself has a rich history of gold and is still producing at the nearby Ballarat East Goldmine. The Creswick project consists of two active tenements respectively EL006184 and EL006907, plus MGA are awaiting the outcome of licence applications in the surrounding adjacent ground.

Intense historic alluvial gold workings exist within the tenements. Mapping the extent of the alluvial gold workings has traced the potential source of the gold to quartz veining associated with a wide, shale rich rock unit termed the Dimocks Main Shale (“DMS”). The company believes the strike extent of the DMS can be traced for at least 15km. On September 2^nd 2021 ECR announced the acquisition of a property at 35 Brewing Lane, Springmount, which sits in our existing license area EL006184. As stated in the announcement of Sept 2^nd, the property has provided the Company with an operational base and, in future, can be developed as a site for the decline access to existing, and potential, vein mineralisation. Link to the Brewing Lane property announcement here

Our recent work has been concentrated within EL006184 close to Springmount, and the last three years has seen the Company complete RC drilling totalling 1691 metres and most recently complete 16 diamond drill holes for a total of 3433 metres. A detailed plan view showing the location of exploration activities undertaken during the 2021 year is linked below:

https://www.ecrminerals.com/images/2022/Fig1_Plan_of_Creswick_Project_Area_2021-1.png

OUTCOME OF DIAMOND DRILLING ACTIVITIES DURING 2021

Diamond drilling was undertaken to confirm the structural architecture of quartz mineralisation that was interpreted from the 2019 RC drilling program. The hypothesis was that quartz is situated in both bedding and axial cleavage planes formed within the DMS horizon which in places can be up to 25 metres in width. The substantial width and strike length of the DMS means the target is of great importance to ECR. Initial results from diamond holes CSD001 and CSD002 showed early success for gold mineralisation. Geological logging of diamond core also successfully proved that quartz mineralisation has preferentially developed within the shales. Drilling continued at broad spaced intervals approximately 300m apart and along strike of the DMS to the south for 2.1 km. Results show quartz mineralisation is still present along the strike limits of the drilling completed to date. Anomalous gold was detected in the southern most drill hole (CJD001) with 0.5m @ 0.54 g/t Au from 324m. As previously reported, the best intercept was from hole CSD003 drilled on top of a ridge south of Blue Gum Track. This important hole is located in an area with no previous mining history. Follow up drilling to CSD003 intercepted quartz mineralisation where expected, however grades were not as extraordinary as hole CSD003 with the best intercept being in CSD013 for 1m @ 1.98 g/t Au from 80.5m downhole. Drilling of hole CSD005 and CSD006 intercepted a large milled fault zone, believed by MGA geologists to be a cross-course fault, as commonly seen at the Ballarat East goldfield. All gold intercepts from the 2021 drilling considered anomalous above the lowest reportable levels are shown in Table 1 below.

Table 1. Summary of drill intercepts containing reportable anomalous levels of gold (0.11 g/t Au for the diamond drilling program completed on EL006184 during 2021. (*highlights in RED bold)

CSD001

From (m)	To (m)	Grade (g/t Au)	Interval (m)
12.3	12.55	0.19	0.25
43.15	44.15	0.23	1
58.2	59.1	0.92	0.9
86	87	0.13	1
131.9	132.9	9.68	1
147.7	148.7	0.25	1
205.65	206.45	0.11	0.8
206.45	207.4	0.14	0.95
211.95	212.45	0.11	0.5
225.9	226.9	0.12	1
226.9	227.9	0.11	1
231.4	232.45	0.11	1.05
240	241.05	0.37	1.05
257.3	257.7	0.26	0.4

CSD002

From (m)	To (m)	Grade (g/t Au)	Interval (m)
65.9	66.5	0.22	0.6
99.9	100.8	0.2	0.9
173.1	174.1	4.78	1
178.7	179.2	0.16	0.5
179.55	179.85	0.19	0.3
179.85	180.2	0.39	0.35
182.1	183.1	0.11	1

CSD003

From (m)	To (m)	Grade (g/t Au)	Interval (m)
84.2	85.15	9.93	0.95
89.05	90	23.58	0.95

CSD004

From (m)	To (m)	Grade (g/t Au)	Interval (m)
125.7	126.7	0.18	1

CSD005

From (m)	To (m)	Grade (g/t Au)	Interval (m)
84	85	0.22	1
91.8	92.3	0.16	0.5
94.32	95.3	0.13	0.98

CSD007

From (m)	To (m)	Grade (g/t Au)	Interval (m)
26	27	0.15	1
67.6	68.2	0.16	0.6
233.5	234.5	0.11	1

CSD008

From (m)	To (m)	Grade (g/t Au)	Interval (m)
2.3	3.3	0.21	1
26.4	27.1	0.45	0.7
27.1	27.9	0.69	0.8

CSD009

From (m)	To (m)	Grade (g/t Au)	Interval (m)
88.3	88.7	0.28	0.4
149.7	151	0.21	1.3

CSD011

From (m)	To (m)	Grade (g/t Au)	Interval (m)
62	62.5	0.29	0.5
71	72	0.12	1

CSD012

From (m)	To (m)	Grade (g/t Au)	Interval (m)
113	113.5	0.61	0.5

CSD013

From (m)	To (m)	Grade (g/t Au)	Interval (m)
80.5	81.5	1.98	1

CSD014

From (m)	To (m)	Grade (g/t Au)	Interval (m)
18.4	19.4	0.14	1
19.4	20.4	0.12	1
55.8	56.4	0.24	0.6

CJD001

From (m)	To (m)	Grade (g/t Au)	Interval (m)
254.6	255	0.11	0.4
324	324.5	0.54	0.5
325.5	326	0.11	0.5

CJD002

From (m)	To (m)	Grade (g/t Au)	Interval (m)
8	9	0.2	1
55.4	56.5	0.34	1.1
78.5	79.1	2.99	0.6
79.1	80.1	0.26	1
83.4	84.4	0.19	1
86.5	87.5	0.15	1
93.6	94.6	0.75	1
98	99.1	0.15	1.1
109.4	110.4	0.13	1
121.1	122.2	0.41	1.1
147.9	148.4	0.17	0.5
179.8	180.3	0.16	0.5
214.9	215.4	0.13	0.5

COARSE GOLD REVEALED IN SAMPLING

Geologists generally consider coarse gold deposit results above 0.2 g/t Au as anomalous and worth duplicating. Recently, a series of rock chips were taken by MGA geologists from exposed quartz veins in historic pits and trenches adjacent to Blue Gum Track. Duplicate sampling has revealed a large variability in gold grades. In particular, a chip sample 0.4m wide (true width) across outcrop initially showed 0.15 g/t Au. Replicating this sample with the same sampling protocols revealed 0.4m @ 31.8 g/t Au.

Previous bulk sampling of 1m drill composite samples from the 2019 RC drilling highlighted the presence of coarse gold which showed significant variability to the grades received from the initial 2kg riffle split samples from the RC drill rig. Samples that showed detectable gold were later bulk sampled in entirety from the remaining 1m drilled, 50 kg sample. Random nuggetty gold particles within the bulk samples increased the overall grade. Examples of this is shown in fig 2 linked below:

https://www.ecrminerals.com/images/2022/Fig2_Creswick_gold_particle_examples.png

The variability in gold grade is a reflection of the sample size (known as the volume-variance relationship). The larger the sample size, the better representation of the true average grade. Gold at Creswick is coarse and unevenly distributed, although the different size particles are located close together. HQ sized diamond drilling produces a core of rock 63.5mm in diameter with half of this diameter sent as a sample. The probability of sampling a coarse particle of gold within the core is low. RC drilling is larger in diameter and therefore produces a larger sample size increasing the probability of sampling a particle of gold. RC drilling however produces rock chips where geological quality is lost and understanding of the structural host to the best mineralisation cannot be interpreted and followed up on. A balance between drilling for structure by diamond drilling combined with grade drilling by RC drill methods targeted at the most extensively mineralised part of the system is now believed to be the best methodology with which to progress the Creswick asset.

The volume-variance relationship between diamond and RC drill methods in a coarse gold mineralised system is visually shown in fig 3 in the following link:

https://www.ecrminerals.com/images/2022/Fig3_volume-variance_drill_sizes.png

PROPOSED DEVELOPMENT PLAN
MGA have applied to renew EL006184 for another 5 years and are awaiting final approval. As the current incumbent, MGA has first rights over the license, and MGA Director and Geologist Adam Jones is proposing the next phase of exploration within EL006184 as follows;

Soil sampling programmes over the up-dip projections of quartz mineralisation identified from the 2021 diamond drilling campaign to test for sub-cropping gold shoots.
ECR’s property at Brewing Lane, Springmount contains numerous old abandoned gold workings with some underground exposures that offer opportunities for mapping and sampling, followed up by drilling.
The Company is currently seeking advice on which appropriate geophysical techniques may highlight important structures that control the distribution of gold mineralisation within the DMS.
Follow up drilling to include detailed RC and diamond drilling within the Brewing Lane property and adjacent ground with emphasis on bulk sampling techniques as was done in 2019.

Furthermore, MGA will start to evaluate prospects further south of existing drilling in the recently approved EL006907 using exploration techniques that proved successful on EL006184.

MGA is continuing to progress with drilling at the Bailieston tenements (EL5433), focussing on the Maori Reef and parallel reef systems within the HR3 goldfield. The geology team is also making progress with plans to re-enter and continue exploration on the Blue Moon prospect located on the southern extent of EL5433.

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, a director of 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

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

Blytheweigh		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 25% 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 – Creswick Exploration Licence Renewal Application EL006184

10th January 2022 / Leave a comment

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to announce that it has submitted an application to renew current exploration license EL006184 for an extended five-year term.

EL006184 covers land owned by one of ECR Minerals plc 100% owned Creswick projects and is operated by its subsidiary company Mercator Gold Australia Pty Ltd (“MGA”).

ECR Chairman David Tang commented: “We are pleased to report that ECR has completed the application to renew Creswick exploration license EL006184 for an extended five-year term. Together with our recently approved licence EL006907 covering the Ballarat East Nerrina Goldfield, this area provides access to the Dimocks Main Shale strike zone, believed to host the source veining for much of the alluvial gold within the Creswick deep lead alluvial system.”

“I look forward to providing further updates once our drill team and equipment return to Creswick”

SUMMARY:

Initial tenure of EL006184 expired on the 28^th December 2021. The application renewal for the tenement for a further five-year term has been submitted.
MGA has first right in securing and applying to renew the ground covered by EL006184.

EL006184 has been a pivotal part of MGA’s exploration strategy and activities during 2021. Work undertaken includes the first ever diamond drill program conducted within the area, in addition to which MGA owns land and property at 35 Brewing Lane, Springmount sited within the tenement area. Exploration is scheduled to continue within MGA’s Creswick tenement area and will include further work along the Dimock Main Shale strike zone which is central to EL006184.

The renewal of EL006184 also complements recently approved licence EL006907 sited south and along strike of the mineralised belt towards Ballarat, Victoria, which the directors believe hosts the source veining for much of the alluvial gold within the Creswick deep lead alluvial system. Once the renewal is granted, the Company expects to return to recommence work at Creswick and within the new license area after completion of current operations at Bailieston, Victoria.

Further updates will be provided when the application has been processed.

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, a director of 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

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

Blytheweigh		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 25% 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 – Approval of Two New Exploration Tenements in Victoria, Australia

15th December 2021 / Leave a comment

ECR Minerals plc (LON: ECR), the gold exploration and development company focussed on gold exploration in Australia, is pleased to announce the granting of two gold exploration tenements in Victoria, Australia.

ECR Minerals plc has 100% ownership of the Bailieston Project (EL5433) and the Creswick Project (EL006184), both of which are currently undergoing intense exploration by ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”).

ECR Chairman David Tang commented: “On behalf of the board and our team on the ground in Victoria, I am very pleased to announce that we can confirm the award of exploration licenses EL006907 and EL007484. In particular, the granting of license EL006907 linking Creswick to Ballarat East-Nerrina goldfield was something our former CEO Craig Brown always viewed as a key step in developing our Creswick interests and our understanding of the Dimocks Main Shale. With the data and knowledge base we have amassed now, I know our team on the ground, headed by Adam Jones are very keen to start work in the new area and bring Craig’s vision to fruition.

Licence EL007484 is an important addition to our enlarged footprint to the east of Victoria in the Tambo region. With a second drilling machine due to arrive any day now, I look forward to reporting further exploration progress as our intensive exploration and drilling campaigns expand and develop.

Our board are actively engaged in a search for a new CEO, and I look forward to reporting back with developments here in the near term.”

SUMMARY:

Two new tenements recently granted for undertaking exploration work within Victoria, Australia. ‘MGA’ now has a total of 523 km² of ground granted for exploration for gold within Victoria.
One tenement (EL006907) is strategically placed between the historical rich Ballarat East-Nerrina goldfield and the current exploration licence ‘EL006148’. This tenement is host to the continued strike of the Dimocks Main Shale (“DMS”) horizon, believed to host the source veining for much of the alluvial gold within the Creswick deep lead alluvial system.
The second tenement (EL007484) is situated 50km north of Bairnsdale in the east of the state of Victoria encompassing the alluvial fields of Swifts Creek and the Mid to Upper reaches of the Tambo River.

EL006907 (Creswick)

MGA is pleased to report that Exploration licence 006907 was granted on 26/11/2021 for a period of five years, with the added possibility of an extension, provided expenditure requirements, (a minimum of $160,050 AUD over the five-year term), are met. The licence lies midway between the current Creswick lease of EL006184 and the Ballarat East and Nerrina goldfields, with a total ground area of 81km².

EL006907 contains the southern strike extension of the DMS horizon believed to host the source rocks to the abundant historical alluvial gold production within the region. Although the true figures of alluvial gold produced are not known, the Geological Survey of Victoria estimates the region has produced in excess of one million ounces of gold, with most of the production occurring between the period of 1852-1930. Around 4km of DMS strike length is believed to be within this tenement.

Records of past exploration show that no known extensive drilling or geochemical surveys have been undertaken within the tenement.

EL007484 (Tambo North)

Licence EL007484 was also granted on 26/11/2021 for a five-year term. The total land area covers 374 km², and covers the historic alluvial goldfields of the Tambo River and Swifts Creek. Exploration work for both precious metals and base metals has been undertaken previously, added to which the region is known for intrusives that may offer opportunity for discovering new deposits.

The figure showing location of both tenements are shown in the link below;

https://www.ecrminerals.com/images/fig1_mga_new_tenements_12_21.jpg

FORWARD LOOKING STATEMENTS

We are delighted that the long-awaited license grants for these two tenements have been awarded to MGA. MGA is still awaiting the final grant of EL006713 (Creswick) and EL007486 (Tambo South), which are both adjacent to the newly approved tenements. If approved, MGA will have exploration licenses covering the majority of the ground linking Ballarat and Creswick – an exciting and challenging prospect given the historical abundance of alluvial gold and under-explored nature of the region. Initially, the company intends to define geochemical patterns related to known alluvial gold dispersion to help define the optimum method to locate the ‘blind’ gold ‘shoots’ the central Victorian region is known for. Best outcomes will be followed up by drilling using MGA owned and operated equipment. The MGA team are very well aware that many of the gold deposits at Creswick are ‘spotty’ and coarse in nature, but this consideration is always in balance with the potential rewards.

MGA will continue to prioritise EL5433 (Bailieston) into the new year as this tenement is reaching maturity. Staff will be transitioning into exploration within the Creswick area which will include follow-up work on the recently drilled EL006184. Exploration opportunities are also available on the companies owned land also within EL006184.

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, a director of 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

Email: info@ecrminerals.com
Website: www.ecrminerals.com

WH Ireland Ltd		Tel: +44 (0) 161 832 2174
Nominated Adviser

SI Capital Ltd		Tel: +44 (0) 1483 413500
Broker
Nick Emerson

Novum Securities Limited		Tel: +44 (0) 20 7399 9425
Broker Jon Belliss

Blytheweigh		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 including one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently exploring 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 25% 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 – Property Purchase in Central Victorian Goldfields, Australia

27th September 2021 / Leave a comment

Central Victorian Goldfields Property Purchase to Provide Accommodation, Potential Site for New Core Shed, Storage and Workshop Facilities, and additional Exploration Opportunity

ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce that its 100% owned Australian subsidiary Mercator Gold Holdings Pty Ltd (“MGA”) has concluded the purchase of a property at 177 Bassett Road, Sebastian (the “Property”). The Property is located approx. 12.5 miles north of Bendigo (11 miles from current core shed location) and is located within easy reach of ECR’s 100% owned Bailieston and Creswick license areas.

Highlights:

Accommodation with five bedrooms and three living rooms plus an office currently, with plans to convert into seven bedrooms and two living rooms. The Bassett Road property will save ECR a substantial amount in annual hotel accommodation and commercial property rental costs, providing convenient co-location of employees and consequentially a substantial reduction in travel time and expenses.
Bassett Road is positioned on approx. 59 acres of farming land, with ability to construct additional buildings on the land subject to planning approval.
The potential exists to develop and construct a geological core processing facility with sample storage shed, drilling supplies warehouse and mechanical workshop on the land, subject to local council planning approval being granted.
Currently connected to the mains power supply with an additional 3kW Solar system with batteries and 3kW wind turbine, the property can be powered “off grid” as it has been for the past 10 years, along with an independent water supply connection.
The purchase price of the property is A$887,500, has been settled in full. The purchase has been funded by the Company’s existing cash resources. As at the close of business on 17 September 2021 the Group had £3,400,000 (USD equivalent $4,650,000) in the bank after paying the full settlement for the property.
Quartz is visible at sites across the 59 acres of the Property. As gold in Australia can be contained in quartz the Company is looking to obtain an exploration licence over the Property.

Craig Brown, Chief Executive Officer commented: “I am pleased to announce ECR’s third property acquisition in the Victoria Goldfields. As we maintain our aggressive drilling campaigns at Bailieston and Creswick, our profile in Victoria is growing rapidly. The Bassett Road property and land acquisition marks the next step along the road, cutting out our mounting monthly accommodation and property rental costs, and bringing our Bendigo storage and core logging activities all onto one site. Added to this, regional property market data indicates that the Victoria property market should see our properties and land at Bassett Road, Nagambie-Rushworth Road and Brewing Lane grow in value in the coming months and years. Furthermore, within the 59 acres of the property, there is visible evidence of quartz which could also indicate potential for gold. With this positive indication, we have been in discussions to obtain the exploration licence over the property.”

“In addition, mining companies are often receiving negative press for their lack of ‘green’ credentials, so the opportunity to run the Bassett Lane property and site wholly ‘off grid’ with our own solar and wind turbine power marks a small step for ECR along the road to reducing our carbon footprint.”

Rationale for Purchase of 177 Bassett Road, Sebastian

As ECR continues its aggressive drilling campaigns at its 100% owned Bailieston and Creswick licence areas, the costs of hiring and accommodating employees is growing exponentially. Since drilling with the Midas rig kicked off at Bailieston in January 2021, we have seen our monthly accommodation expenses increase substantially, on top of the considerable monthly outlay for renting the core logging premises at Bendigo. Given this backdrop, the ECR Board (“Board”) took the decision to seek a fixed cost alternative, with the potential to create accommodation, core logging and processing and storage all in one location.

The Property was shortlisted against a number of properties conveniently located around Bendigo and following due consideration the decision was taken to purchase 177 Bassett Road. The Property is positioned on approx. 59 acres of farming land, currently with the potential to sleep at least seven people. The property enjoys an independent water supply connection, with connection to the mains power supply plus an additional 3kW Solar system with batteries and 3kW wind turbine. As such the property has the ability to run “off the grid” (power) as it has for the last 10 years. Most significantly, the Property comes with approx. 59 acres of farming land, of which 50 acres has been used for sharecropping, a system where the landlord allows a tenant to use the land in exchange for a share of the crop. The land offers ample scope to construct buildings for a geological core processing facility with sample storage shed, drilling supplies warehouse and mechanical workshop.

The Commonwealth Bank of Australia (“CBA”), Australia’s biggest housing lender, published its full year results in February 2021 and forecast property prices would rise by 8 per cent in 2021 and 6 per cent in 2022, with house prices to rise 16 per cent in that time and unit prices by 9 per cent. Whilst there can be no guarantee as to the performance of the property market in Australia, in making the purchase, the Board has given due consideration to the prevailing property market, including the data published by CBA*.

*Commonwealth Bank of Australia statistics (February 2021)

The vendors are a private family who have been using the Property for residential purposes.

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
Craig Brown, Director & CEO
Email: info@ecrminerals.com
Website: www.ecrminerals.com

WH Ireland Ltd		Tel: +44 (0) 161 832 2174
Nominated Adviser

SI Capital Ltd		Tel: +44 (0) 1483 413500
Broker
Nick Emerson

Novum Securities Limited		Tel: +44 (0) 20 7399 9425
Broker Jon Belliss

Blytheweigh		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 and Creswick 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://luxeploration.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 has earned a 25% 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 – Property purchase within the Creswick License Area

2nd September 2021 / Leave a comment

ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, is pleased to announce that its 100% owned Australian subsidiary, Mercator Gold Holdings Pty Ltd (“MGA”), has purchased a property at 35 Brewing Lane, Springmount. The property is located within the Company’s existing 100% owned Creswick license area.

Highlights:

The property consists of 16 acres, within the 45 square kilometre Creswick license area in Victoria, Australia
- The property is held over three titles
The property will provide a base for activities across the license area as ECR advances its drilling programmes and, when appropriate will be the site for development for the mine decline
The purchase price of the property is US$500,000, which is settled in two tranches, consisting of a US$50,000 deposit which has already been paid, with the balance to be paid on 27 September. The purchase will be funded by the Company’s existing cash resources. Currently the Group has £4,222,940 in cash after paying the deposit. This is the equivalent of USD 5,824,631.

Craig Brown, Chief Executive Officer commented: “Following the positive progress of the drilling programme at Creswick, we are pleased to announce the purchase of the Brewing Lane property which sits in our existing license area. The property will provide the Company with an operational base and, in future, can be developed as a site for the decline access to existing, and potential, vein mineralisation.

“Earlier this year, we reported strong results from the [ongoing/current] drilling programme at the Creswick license which has continued to delineate gold mineralisation along strike, with all assayed holes returning gold. Of particular significance are holes CSD003 and CSD004 which returned 9.93 g/t and 23.58 g/t gold, respectively.”

“I remain enthused by the pace of developments at Creswick, Bailieston and our other assets, and look forward to receiving the remaining assay results at Creswick and reporting on progress.”

The property was purchased from a private individual.

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
Craig Brown, Director & CEO
Email: info@ecrminerals.com
Website: www.ecrminerals.com

WH Ireland Ltd		Tel: +44 (0) 161 832 2174
Nominated Adviser

SI Capital Ltd		Tel: +44 (0) 1483 413500
Broker
Nick Emerson

Novum Securities Limited		Tel: +44 (0) 20 7399 9425
Broker Jon Belliss

Blytheweigh		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 and Creswick 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 has earned a 25% 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.

Tag Archives: dimocks main shale

ECR Minerals #ECR – Further Gold Results from Soil Sampling at Quartz Hill, Creswick

ECR Minerals #ECR – Latest Results from Soil Sampling at the Creswick Project, Victoria, Australia

ECR Minerals #ECR – Diamond Drilling Programme commences at Creswick

ECR Minerals #ECR – Insitu Rock Chip Sampling at Creswick Licences EL006184 and EL006713

ECR Minerals #ECR – Soil Geochemistry Results from License EL006184

ECR Minerals #ECR – Creswick Project Update

ECR Minerals #ECR – Creswick Exploration Licence Renewal Application EL006184

ECR Minerals #ECR – Approval of Two New Exploration Tenements in Victoria, Australia

ECR Minerals #ECR – Property Purchase in Central Victorian Goldfields, Australia

ECR Minerals #ECR – Property purchase within the Creswick License Area

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