announced today that, following results from a recent drill programme, it has classified its Blue Moon prospect in Victoria, Australia after a new gold discovery.
The drill, completed in March, returned significant grades of up to 17.87 g/t gold over 2 metres from 57 metres. The programme’s results indicate that the “sandstone is thicker and the gold grade significantly higher” in the western section of the prospect.
In light of this discovery, the company intends to keep exploring the western portion of its Bailieston gold project, within which Blue Moon is situated.
CEO of ECR Minerals, Craig Brown commented: “I am pleased to announce the complete results of the RC drilling programme undertaken at the Blue Moon prospect and the new gold discovery we have now confirmed.
With the knowledge gained from the RC programme we believe that the gold mineralisation intensifies further west and now have a clear action plan to follow the system. We are excited by the findings and will continue our work at Blue Moon and other prospects in the Bailieston project area, with our strategic objective remaining a multi-million ounce gold discovery.”
For more news and updates on ECR Minerals:
Tlou's Managing Director, Mr Tony Gilby said “The Company will now progress with additional work on the ground to deliver a Gas-to-Power solution that can bring significant benefits to the country and to our shareholders. I look forward to updating the market as we continue to develop the project."
Tone Goh, Executive Chairman of GST, commented: "The Company is delighted to have signed this LOI with SIAM. SIAM are one of Thailand's leading business groups and we look forward to working with them to progress this planned data centre project.”
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