ECR MINERALS PLC: New Exploration Tenements EL006911 and EL006912 granted at Bailieston, Victoria
December 13 2022 - 7:56AM
UK Regulatory
TIDMECR
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
New Exploration Tenements EL006911 and EL006912 Granted at
Bailieston, Victoria
ECR Minerals plc (LON: ECR), the exploration and development
company focused on gold in Australia, is pleased to announce two
new exploration tenements have been granted to ECR's wholly owned
subsidiary Mercator Gold Australia Pty Ltd ("MGA") at Bailieston,
Victoria, Australia.
HIGHLIGHTS
-- Two new exploration tenements (EK006911 and EL 006912) adjacent to EL5433
have been formally granted to ECR's wholly owned subsidiary MGA.
-- Total exploration land package at Bailieston (EL5433, EL006911, EL006912)
now totals 179 square kilometres.
ECR CEO Andrew Haythorpe commented: "I am delighted to report
that we have finally been able to secure these long-awaited
exploration licenses. The two tenement packages add what we
consider to be a significant new dimension to the exploration
potential at Bailieston, and with our planned exploration
activities in Victoria and N Queensland funded from our recent
fundraise, we are entering a busy and potentially productive period
in our evolution as a Company."
The location of ECR Minerals plc new Bailieston tenements can
found at the following link:
Figure 1:
https://www.ecrminerals.com/images/2022/fig1_EL006911-EL006912_Granted_131222.png
Exploration tenements EL006911 and EL006912 were applied for on
25(th) January 2019 and were formally granted to ECR's wholly owned
subsidiary MGA by the Victorian Government on 8 December 2022. Both
tenements have been granted for a five-year term. ECR is required
to commit a minimum expenditure of $85,500 AUD on EL006911 and
$155,850 AUD on EL006912 over the term of the licence. Initial
ground activities such as mapping, soil and rock chip sampling will
commence in the new year.
EL006911 adjoins the historic gold mining area known as the 'Old
Black Cat'. EL006912 adjoins EL5433 immediately on the western side
of the HR3 Goldfield and Blue Moon prospects. Gold and Antimony
prospects lie within the tenements.
ECR is still awaiting the granting of EL007296 which was applied
for earlier this year, and which will complete the Bailieston
exploration package.
ECR Minerals total granted Victorian exploration package now
totals 610 square kilometres.
Table 1: ECR Minerals current exploration tenements (granted and
applied), Victoria, Australia (as of December 2022)
Tenement Name Granted Expiry Area (km(2) )
EL5433 Bailieston 28/03/2013 27/03/2023 23
EL006184 Old Creswick 29/12/2016 *Renewal applied 45
EL006907 South Creswick 26/11/2021 25/11/2026 81
EL007484 Boucher Town 26/11/2021 25/11/2026 374
EL006911 Graytown 1 5/12/2022 4/12/2027 10
EL006912 Graytown 2 8/12/2022 7/12/2027 77
EL006713 New Creswick in application (66)
EL007296 Wirrate in application (32)
EL007486 Ramrod Creek in application (322)
EL007537 Ballarat Competing application (138)
TOTAL granted 610
(*) notes exploration application area in square kilometres.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman
Andrew Haythorpe, CEO
Email:
info@ecrminerals.com
Website: www.ecrminerals.com
WH Ireland Ltd Tel: +44 (0) 207 220 1666
Nominated Adviser
Katy Mitchell / Andrew de Andrade
SI Capital Ltd Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited Tel: +44 (0) 20 7399 9425
Broker
Jon Belliss
Brand Communications Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green
ABOUT ECR MINERALS PLC
ECR Minerals is a mineral exploration and development company.
ECR's wholly owned Australian subsidiary Mercator Gold Australia
Pty Ltd ("MGA") has 100% ownership of the Bailieston and Creswick
gold projects in central Victoria, Australia, has six licence
applications outstanding which includes one licence application
lodged in eastern Victoria. (Tambo gold project). MGA is currently
drilling at the Bailieston Blue Moon Project (EL5433) and
undertaking geochemical exploration on the Creswick (EL6148)
project and has an experienced exploration team with significant
local knowledge in the Victoria Goldfields and wider region.
ECR also owns 100% of an Australian subsidiary LUX Exploration
Pty Ltd ("LUX") which has three approved exploration permits
covering 946 km(2) over a relatively unexplored area in Queensland,
Australia.
Following the sale of the Avoca, Moormbool and Timor gold
projects in Victoria, Australia to Fosterville South Exploration
Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor
projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold
Australia Pty Limited has the right to receive up to A$2 million in
payments subject to future resource estimation or production from
projects sold to Fosterville South Exploration Limited.
ECR holds a 70% interest in the Danglay gold project; an
advanced exploration project located in a prolific gold and copper
mining district in the north of the Philippines, which has a 43-101
compliant resource. ECR also holds a royalty on the SLM gold
project in La Rioja Province, Argentina and can potentially receive
up to US$2.7 million in aggregate across all licences
View source version on businesswire.com:
https://www.businesswire.com/news/home/20221213005759/en/
CONTACT:
ECR Minerals plc
SOURCE: ECR Minerals plc
Copyright Business Wire 2022
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