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Monte Christo Drilling Successfully Completed and Drilling Commenced at Blue Moon Gold-Antimony Target

ECR Minerals plc is pleased to announce that drilling has been completed at the Monte Christo gold prospect in Central Victoria, Australia.

The activity at Monte Christo forms part of a larger diamond drilling programme across a number of gold prospects in Central Victoria, all of which are 100% owned by the Company's wholly owned subsidiary Mercator Gold Australia Pty Ltd (“MGA”).

Drilling has now commenced at the Blue Moon gold-antimony prospect, where MGA has identified anomalous arsenic and antimony through the geochemical survey completed earlier this year using a portable XRF to delineate proxy minerals.

An announcement will be made when the assay results at Monte Christo are returned.

 

Drilling completed at the Monte Christo prospect

Two holes have been drilled at Monte Christo and have successfully tested the structural architecture of the prospect. The purpose of the drilling was to drill into quartz reefs that were historically mined at surface. There are four parallel reefs which have been identified from evidence of historical mining activity and the geochemical survey.

Assays from the holes at Monte Christo are pending.

A prospect map and a photograph of drill core from Monte Christo can be viewed at the following link: https://bit.ly/2IFgGb5

 

Planned drilling at the Blue Moon prospect

The drilling at Blue Moon will test arsenic and antimony anomalies identified by the soil geochemical survey completed by MGA earlier this year using a portable XRF to delineate proxy minerals associated with gold. An arsenic-anomalous zone up to 40 m wide and more than 200 m long has been identified and previous work has shown anomalism over a further 150 m to the west. Previous rock chip samples include results of 12.1, 10.1 and 7.0 g/t, and previous soil surveys identified gold to 5.0 g/t (as detailed in the technical report identified in the Company’s announcement dated 20 April 2016).

There has been no historical mining at Blue Moon other than a small six metre pit and two small shafts. The Company believes it is possible that the gold is disseminated and therefore would have been difficult to extract for the historical miners. However, disseminated gold deposits are of intrinsic interest to the modern day mining industry.

A prospect map illustrating the results of the geochemical survey at Blue Moon may be viewed at the following link: https://bit.ly/2rVYTpJ

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