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ECR Minerals #ECR – New ECR Corporate and SLM presentations
ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to provide a communications update for shareholders.
ECR has published a new corporate presentation on its website, which may be viewed at the following link:
In addition, reflecting interest in the Sierra de las Minas gold project in La Rioja, Argentina, ECR has prepared a project specific presentation in both English and Chinese and this may be viewed on the Company’s website at the following link:
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 | ||
| Katy Mitchell/James Sinclair-Ford | ||
| SI Capital Ltd | Tel: +44 (0)1483 413500 | |
| Broker | ||
| Nick Emerson |
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.
ECR Minerals #ECR – Strategic business update, energy metals and minerals pipeline
ECR Minerals plc (LON:ECR), the precious metals exploration and development company, is pleased to provide a strategic business update for shareholders.
Gold Projects
ECR currently holds gold interests in Australia, Argentina and the Philippines.
The Company has of late focused largely on the development of its 100% owned gold portfolio with an emphasis on projects in the Victoria region of Australia. Given the new and positive results from Australia our work continues at pace across multiple exploration activities and we will provide regular updates to market as further progress is achieved.
Our recent work in Argentina in respect of the 100% owned Sierra de las Minas project has highlighted a number of corporate avenues through which we could demonstrate and build shareholder interests in-country. In addition we continue to monitor developments in the Philippines to identify suitable options to recognise the value of our 25% interest in the Danglay gold project. All progress made will be announced to the market as material developments occur.
Complementing the existing gold portfolio we have been presented with a number of additional gold focused opportunities, the first of which, the Iceberg gold project which was announced on 3 August 2018, is under an option agreement.
In respect of the Iceberg project ECR continues to pursue due diligence activities. The due diligence process is covering a wide review of the project and this has been extended to include detailed examination of significant historical exploration work including extensive geochemical data. Our work on this continues and to allow for the detailed analysis being undertaken we have agreed a further one month extension of the option period to 1 December 2018 at no additional cost to the Company. We thank the proposed vendors for their support with this additional time extension.
In addition to the Iceberg project the Company has identified a number of strategic gold project acquisition opportunities which are also under review. Should any specific project advance to option or acquisition stage further announcements will be made to the market.
Recognising the range and depth of opportunities and the interest in ECR as a potential vehicle for new projects, we see a considerable advantage in building a diverse, low-cost and strategically significant portfolio of gold interests. We are aided in this regard by the currently poor market conditions, which is enabling gold opportunities to be acquired at a low cost entry level, well within the resources available within the Company.
Energy Metals and Minerals
The ECR team is aware of the very significant interest being shown in energy metals and minerals for battery technologies and general electrification demand.
The Company has received recent specific interest from third parties who have a strategic interest in the development of an energy metals and minerals pipeline. This interest extends to the potential injection of capital into new ventures should suitable energy metal projects of merit be identified and acquired by the Company.
Reflecting the potential for strategic support in this manner ECR has identified a number of energy metal and mineral opportunities that may be attractive and has a number of projects under due diligence at present.
Should any specific project advance to option or acquisition stage further announcements will be made to the market.
Craig Brown Chief Executive Officer of ECR Minerals plc commented: “ECR Minerals finds itself at a very interesting point in its development with a number of options for forward business development and growth.
The backdrop of difficult conditions in the junior resource sector has simply opened up multiple opportunities and although we would all like to see stronger market conditions generally, ECR is taking full advantage of the wide breadth of projects available.
Further updates to follow.”
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 | ||
| Katy Mitchell/James Sinclair-Ford | ||
| SI Capital Ltd | Tel: +44 (0)1483 413500 | |
| Broker | ||
| Nick Emerson |
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.
ECR Minerals #ECR Argentina Progress Update
ARGENTINA PROGRESS UPDATE
ECR Minerals plc (LON:ECR) the precious metals exploration and development company is pleased to provide an update to shareholders following the visit by the Company to Argentina to discuss the status and plans in respect of the Company’s existing interests and also to consider potential new opportunities in Argentina that may complement existing interests.
The Company previously outlined the latest position in respect of Argentinian operations in its full year report released 29 March 2018. Then, despite having established a next stage exploration programme for the Sierra de las Minas (“SLM”) gold prospective licences, reflecting the need to conserve cash resources and to consider various corporate developments in the area of the Company’s operations, the Company decided to watch developments and conserve resources for a period.
During the visit to Argentina a full review of the SLM project licences was undertaken, including relevant liaison with the Ministry of Mining in La Rioja province. We are pleased with the outcome of this review and the opportunities we have identified for exploration of potentially high-grade gold mineralisation. With the Company’s enhanced financial strength we have now restarted our work and further information will follow with regard to the specific work programme we intend to implement.
Of particular interest during the Company’s visit we have identified additional licence areas that could complement the existing gold prospective ground and we will provide further updates in due course if there are any developments in this area.
Furthermore during a review of additional, non-gold focused projects, the Company has identified a number of completely new opportunities including a lithium and poly-metallic high impact exploration opportunity. Again, if these progress then we will provide further updates.
Craig Brown, Chief Executive Officer of ECR Minerals plc, commented: “Following the Company’s recent fundraise the business, as previously highlighted, is in a robust financial position. With our significant cash at bank and with core costs covered into late 2019 we have been able to look with fresh eyes at all the Company’s interests in order to advance existing projects and also seek new additional complementary opportunities.
Our main driving force of late has been Australian exploration and that will continue with the Board currently in Perth to review progress in our existing Victoria interests, to undertake due diligence in respect of the recently announced Iceberg gold project and to review a number of new and potential opportunities.
ECR has a long history of working in South America and particularly Argentina. We visited Argentina last week and held various meetings and discussions. Our engagement with the Department of Mining was particularly productive and we were highly encouraged by their professionalism and support for our investment in La Rioja province. In addition during our visit we were extremely pleased with the opportunities presented to expand our existing interests in gold and also lithium.
The Board have decided to become more proactive in Argentina and are now pursuing a number of initiatives upon which we will report to market if they were to progress. We look forward to updating shareholders on our progress in due course”.
COMPETENT PERSON STATEMENT
The information in this announcement that relates to Exploration Results is based on information compiled by Dr Rodney Boucher of Linex Pty Ltd. Linex Pty Ltd provides geological services to Mercator Gold Australia Pty Ltd, including the services of Dr Boucher, who has a PhD in geology, is a Member and RPGeo of the Australian Institute of Geoscientists and is a Member of the Australian Institute of Mining and Metallurgy. Dr Boucher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Boucher consents to the inclusion in the announcement of the material based on his information in the form and context in which it appears.
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015 and is available for download from ECR’s website.
ECR’s wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.
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 | ||||
| Katy Mitchell/James Sinclair-Ford | ||||
| Optiva Securities Ltd | Tel: +44 (0)203 137 1902 | |||
| Broker | ||||
| Graeme Dickson | ||||
| SI Capital Ltd | Tel: +44 (0)1483 413500 | |||
| Broker | ||||
| Nick Emerson | ||||
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.