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ECR Minerals PLC - gold explorer with assets in Australia - Receives four high gold intercepts from hole BH3DD034 at Bailieston Victoria. These intercepts include 0.3 metres at 20.34 grams per tonne of gold from 18.2 metres and 0.65 metres at 13.02 grams per tonne of gold from 54.2 metres. Visible gold was recorded at 149.2 metres depth.
ECR Minerals has 100% ownership of the Bailieston Project which contains the gold prospects HR3, Cherry Tree, Blue Moon and Black Cat. The projects are operated by ECR's wholly-owned subsidiary Mercator Gold Australia Pty Ltd.
Chair David Tang says: ‘There is a palpable sense of excitement at ECR Minerals as the intensive drilling campaign across our Victoria assets is now, despite the delays in assay processing, yielding consistently high gold grades.’
Current stock price: 1.22 pence
12-month change: down 37%
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