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ECR Minerals Plc
Summary
| Project: | Bailieston | |
|---|---|---|
| Deposit: | Bailieston | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2017: ECR Minerals Plc announces an Exploration/Drilling Update report for its Bailieston deposit at the Bailieston project. Drilling results incl. 4m @ 3.29g/t Au from 39.0m. LONDON: 24 July 2017 - The directors of ECR Minerals plc are pleased to an | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Ivor W O Jones (Internal) | |
| ABSTRACT: | LONDON: 24 July 2017 - The directors of ECR Minerals plc are pleased to announce the results of the recently completed reverse circulation (RC) exploration drilling programme at the Bailieston gold project in Victoria, Australia. Craig Brown, CEO of ECR, commented: “The drilling successfully confirmed our overall geological model for the Bailieston project, and we look forward to planning the next phase of exploration, building on these first-pass results. We are currently looking at the results in the context of ECR’s wider strategy in Victoria, where the Company now has 100% ownership of four Exploration Licences containing numerous gold prospects, and will update shareholders in due course regarding next steps.” he drilling programme was designed as a low-cost verification of the geological model for the Bailieston project as a whole. Hence, the programme was limited to six shallow drill holes with one deeper hole. Although no high-grade mineralisation was intersected, this is not unexpected given the relatively small size of the programme and the fact that it was spread over three prospects.The mineralisation at the Byron Shaft appears to be a short zone of high grade mineralisation that ends abruptly at the southern end where the two drillholes on this target were placed. Drillhole MGARC02 intersected a cavity at 141 m downhole as well as weak mineralisation at 125 m downhole. It is interpreted that the cavity intersected at 141 m was the southern extension of the old workings where a narrow extension of the Byron Shaft mineralisation was mined. | |
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