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ECR Minerals #ECR – CEO Craig Brown talks to Alan Green
Brand Comms CEO Alan Green talks to ECR Minerals #ECR CEO Craig Brown about the company’s flagship gold exploration projects in the heart of Australia’s Victoria Goldfields. Taking slides from the latest company presentation, Craig talks about ECR’s wholly owned drill rig, HQ at Bendigo and the £4m funding and extra cash resources owned by the company. We look at the Creswick Gold project located close to the Ballarat Gold Mine before discussing this year’s production numbers at the Fosterville goldmine and how they might compare to assay results and ore grades currently being drilled at the Bailieston HR3 target. Craig looks at Black Cat, Cherry Tree and other targets at Bailieston, before we move onto the blue sky potential at the Tambo Project, and the connection with ECR’s Head Geologist Dr Rodney Boucher. We end with some takeaway points for investors.
Money Guide interview ECR Minerals #ECR CEO Craig Brown
ECR Minerals #ECR CEO Craig Brown is interviewed by Money Guide. In the interview Craig discusses:
- ECR now owns its own diamond drilling rig that can drill as deep as 1300 metres.
- Tambo Gold Project, easy access, low costs. Principal geologist and Bruthen local boy Dr Rod Boucher is currently out conducting fieldwork
- There are currently two parties interested in the Creswick project. One party is undertaking due diligence, although as Craig explains the progress has been hampered by the Victoria lockdown quarantine measures.
- Drilling will shortly commence at the Bailieston project. This is located close to the Fosterville Gold mine, which has v low operating costs, producing 500,000oz a year and is ‘printing money’. Craig says that some ‘big players’ have moved into the region recently, and one is interested in Bailieston (HR3, Blue Moon, Cherry Tree).
- ECR is very undervalued vs. peers – Craig looks at Fosterville South (TSX-FSX), which acquired ECR’s Avoca, Timor & Moormbool licenses earlier this year. The company currently has a value some 12 times that of ECR, and while the Golden Mountain project is progressing, Craig argues that ECR has ‘better projects’.