, 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.”
For more news and updates on ECR Minerals:
Kodal Minerals said it is on track to complete a Mineral Resource estimate update to include all drilling results to date. The project is attracting the attention of investors and off-take partners interested in securing a long-term supply of lithium.
SP Angel morning look at commodities and miners, featuring: Bushveld Minerals* (BMN LN) BUY – Target Price 87p – China to better enforce vanadium compliance Cornish Lithium (Private Company) – Completion of further funding round Ironveld (IRON LN) – Vanadium ore bulk sample delivered to potential off-taker Kodal Minerals* (KOD LN) – Bougouni drilling results LSC Lithium (LSC CN) – LSC Lithium enters definitive arrangement agreement to be acquired by Pluspetrol Rio Tinto (RIO LN) – Q4 and 2018 production results highlight copper Shanta Gold (SHG LN) – $325k worth of convertibles bought back Vast Resources (VAST LN) – $5.5m Mercuria Tranche B update
The Irish based oil and gas exploration company has holds 40% of this license in the southern Porcupine Basin offshore Ireland, containing the undrilled Paleocene “Avalon” exploration prospect.
Five financial stories, trending today in a 70 second podcast, including: A shopping centre has been put up for auction with a starting price of £1 in a move underlining the crisis facing retail landlords. Columbia Threadneedle Investments, the large City fund manager, is selling the Postings Centre in Kirkcaldy, Fife, on behalf of a pension fund.