Home » Posts tagged 'gold mineralisation'
Tag Archives: gold mineralisation
IMC Exploration Group Plc (IMCP) announces that a drilling programme has commenced on PL 2551 in Co. Wexford, Ireland.
IMC Exploration Group Plc announces that a drilling programme has commenced on PL 2551 in Co. Wexford, Ireland. This is a highly prospective licence for gold mineralisation. There are many occurrences of gold in panned concentrates, gold in soils, gold in deep overburden, gold in mineralised float and gold in bedrock.
The IMC Directors believe that this current drilling programme will complement the work already carried out by IMC that significantly upgraded the gold potential of this licence.
It is considered that there is strong support for the presence of a zone of major gold mineralisation trending NE to ENE.
Dublin, 4th March 2018
The Directors of the Company accept responsibility for this announcement.
END OF REGULATORY ANOUNCEMENT
Enquiries:
IMC Exploration Group Plc
Mr. Eamon O’Brien: Tel. Ireland: +353 87 6183024
Ms. Kathryn Byrne: Tel. Ireland: +353 85 2336033
Keith, Bayley, Rogers & Co. Limited
Graham Atthill-Beck: Tel: +44 20 7464 4091/+44 750 643 4107/+971 50 856 9408
E-mail: Graham.Atthill-Beck@kbrl.co.uk
Brinsley Holman: Tel: +44 207 464 4098
E-mail: Brinsley.Holman@kbrl.co.uk
Share Prophets – Hopeful Samples Might Lead to a Glittering Share Rise for this Aussie Prospector – ECR Minerals #ECR
Hello Share Treaders. Down under there is a precious metals company called ECR Minerals (ECR). With gold values possibly set to rise in a difficult environment for most other shares, it might pay to have a gander at this one. ECR’s wholly-owned Australian subsidiary Mercator Gold Australia has Avoca, Bailieston, Moormbool and Timor gold exploration licences in Central Victoria.
The Aim-listed company claims that the latest assay results for the Bailieston field are promising. The company has taken 75 rock samples ‘confirming gold mineralisation’. I’m no expert, but I would say that might not be the same as finding big nuggets, but ECR seems quite chuffed all the same.
Roughly the same number of samples were taken earlier. And 22 of them also revealed gold traces: to the extent of 2.7 ounces per ton of rock. That may not sound a lot, but apparently, in gold mining terms, it’s quite hopeful. Assaying has also been extended to its Cherry Tree field, where many of the samples taken also show ‘gold mineralisation’.
And now the enterprise awaits the results of rock chip sampling undertaken in another area, Creswick. Earlier mapping had, we’re told, revealed a large gold system. Those results are expected soon and if promising, we might expect the share price to rise. But the company doesn’t only pins hopes on Australia. Its Argentine subsidiary, Ochre Mining, has 100% ownership of another gold project in La Rioja, Argentina.
Craig Brown, Chief Executive of ECR, says both batches of sampling at Bailieston in Victoria have produced high-grade gold. And it might pay to look for gold companies as a bit of a hedge against falling share prices. But of course, searching for mineable gold can be pretty risky.
A bit like drinking in the Punter’s Return.