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ECR Minerals PLC on Thursday said it has received final rock chip results for 224 samples from the Hurricane project in North Queensland, Australia. The Australia-focused mineral exploration and development company said the best results include up to 45.7 grams of gold per tonne at Hurricane North and 43.2% antimony at Holmes South, or 83.38 grams of gold per tonne equivalent grade. It added that it has confirmed quartz stockwork zones up to 20 metres wide at the Holmes prospect. Earlier this week, the firm announced that it has agreed on a four-week extension to its option agreement to acquire Placer Gold Pty Ltd, which holds the three mining tenements which make up the Hurricane project. The firm is currently evaluating the project and its mineralised vein systems: Holmes, Tornado, Cyclone, Pedersons, Bouncer, Typhoon and Hurricane Noth and South. Technical Director Adam Jones said: ‘The ECR field team are pleased with rock chip sampling results and data from the completed campaign at the Hurricane Project. We have established beyond doubt that the Holmes vein is the dominant vein system within the wider Hurricane area, with the best gold and antimony grades sampled at the shear zone there. ‘These results give us further confidence that the geology at the Kondaparinga prospect, where we have recently made a licence application, could well be contiguous with some of the Hurricane Project anomalies recorded here, a factor that could warrant further research.’ Managing Director Nick Tulloch commented: ‘We will now spend time assessing these results and how we can maximise the regional potential taking the wider Hodgkinson Province and our potential new Kondaparinga exploration license into account.’ ECR Minerals shares rose 1.7% to 0.27 pence each on Thursday afternoon in London. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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