ECR Minerals Submits Gold Exploration License Applications, Western Australia
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ECR Minerals PLC said it has submitted nine new exploration license applications covering 1,600 square kilometers of potentially gold-rich land in the Yilgarn region of Western Australia.
Collectively, the licenses will be called the Windidda gold project and will, when granted, complement ECR’s existing gold exploration portfolio in Victoria,
The AIM company reckons Windidda has “significant potential” to contain Archaean greenstones, which host many of the world’s most prolific gold deposits.
“I am particularly pleased to announce this strategic move into Western Australia, which, like Victoria, has exceptional gold exploration potential in a first world operating environment,” said Chief Executive Craig Brown.
“Greenstone-hosted gold trends in the Western Australian Yilgarn province are very tightly held and access to free ground, when it becomes available, is highly competitive.
“So it is very encouraging that ECR has managed to compile a large land position of contiguous tenements covering untested gravity-magnetic anomalies representative of potential greenstone-hosted gold trends.”
Brown added that weaker market conditions have thrown up some opportunities, which his company has been able to take advantage of, especially with the recent financial backing it has received from investors.
Source: Proactive Investors
About ECR Minerals
ECR is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia has acquired 100 percent ownership of the Avoca and Bailieston gold projects in Victoria, Australia.
ECR has earned a 25 percent interest in the Danglay epithermal gold project in the Philippines.
ECR’s wholly owned subsidiary Ochre Mining has a 100 percent interest in 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.
To stop by ECR’s website, CLICK HERE
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