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ECR Minerals Plc
Summary
| Project: | Avoca | |
|---|---|---|
| Deposit: | Bung Bong, Monte Christo | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/5/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2018: ECR Minerals Plc announces an Exploration/Drilling Update report for its Bung Bong, Monte Christo deposit at the Avoca project. Drilling results incl. 2.10m @ 1.32g/t Au from 87.30m. ECR Minerals plc is pleased to announce the results of diamond | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rodney Boucher (Linex Pty Ltd.) | |
| ABSTRACT: | ECR Minerals plc is pleased to announce the results of diamond drilling at the Bung Bong and Monte Christo gold prospects in Central Victoria, Australia.The drilling formed part of a larger diamond drilling programme across three prospects in Central Victoria: Bung Bong, Monte Christo and Blue Moon, all of which are 100% owned by the Company's wholly owned subsidiary Mercator Gold Australia Pty Ltd. The programme has now been completed, and assay results are awaited in respect of Blue Moon.The Blue Moon prospect is part of the Bailieston project area (EL5433), while Bung Bong and Monte Christo are part of the Avoca gold project area (EL5387). The target at Blue Moon is a disseminated gold deposit, as discussed in ECR’s announcement dated 22 May 2018, rather than a reef system as at Bung Bong and Monte Christo.Drill hole data and significant intercepts from the five holes at Bung Bong (ABB001 to 005) and two holes at Monte Christo (AMC001 and 002) are disclosed in Table A below. Intercepts are apparent width.Craig Brown, CEO of ECR, commented:“All five holes at Bung Bong and the two holes at Monte Christo fulfilled their intended purpose, which was to test the structural architecture of the target areas and guide further drilling, if warranted. These were the first ever drill holes at Bung Bong and Monte Christo, and gold mineralisation was intersected at both prospects, although we did not encounter any high-grade shoots in this drilling.The Company will be considering what future work, whether drilling, geophysics or surface geochemistry, may be appropriate at these two prospects. Separately, we look forward to receiving assay results from the recently completed drilling at Blue Moon.” | |
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