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Renewal of Exploration Licence

ECR Minerals plc is pleased to announce that the Company’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd (“MGA”) has been notified of the renewal of MGA’s Exploration Licence EL5433 in Central Victoria, Australia for a further five-year term until 27 March 2023.

This licence represents the Bailieston gold exploration project, of which MGA has 100% ownership, and is located in the same district as the million-ounce Fosterville gold mine owned by Kirkland Lake Gold. For more information on MGA’s current activities in Victoria, please see ECR’s announcement dated 20 February 2018.

 

Craig Brown, CEO of ECR, commented:

“The renewal of EL5433 for a further five years is timely, as we are in the process of planning a drilling programme which will test multiple target areas at Bailieston. ECR is fully funded for the drilling, and we look forward to seeing the drill rig turning within the next few months.”

 

ABOUT ECR

ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, 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.

 

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