Updated: ECR Minerals Looks to Expand Presence in Australian Gold Exploration with New Project
, a precious metals exploration and development company, is gearing up for an active 2019, having submitted nine new exploration licence applications for gold mineralisation.
The exploration applications, to be called the Windidda gold project if granted, have been lodged by ECR’s fully owned operating vehicle Mercator Gold Australia Pty Ltd and cover about 1,600 square kilometers in the Yilgarn region of Western Australia.
The region has significant potential to contain Archaen greenstones, which often host some of the world’s most prolific gold deposits. Previous exploration in the area has uncovered gravity and magnetic anomalies interpreted to be hosted in greenstone units.
ECR plans to target these gravity-magnetic anomalies through aircore drilling which should allow for a rapid assessment of the potential for gold mineralisation in the project area.
The Windidda gold project would bolster ECR’s already extensive presence in Victoria, Australia’s gold exploration sector.
ECR Minerals’ CEO Craig Brown commented on the news, “We are acquiring new ground in Australia at a time when many explorers and developers are financially weakened by market conditions. This, although unfortunate for the wider resource sector, is presenting ECR with multiple highly attractive options, and we intend to take full advantage.”
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