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ECR Minerals PLC - Australia-focused mineral exploration and development company - Says it is encouraged by drilling intercepts by Southern Cross Gold Ltd in Victoria, and recommencement of exploration by Falcon Metals Ltd north of Bendigo. As a result, says it will re-evaluate gold assets at Creswick and Bailieston. Notes that it is negotiating pricing with a drilling company, and aims to begin drilling before the Christmas holiday period. Chief Operations Officer Mike Whitlow says: ‘The latest positive news within our postcode speaks for itself. We take great encouragement from the recent announcements reported by our peers and we believe that ECR has sufficient upside opportunities in Victoria to warrant a return to drilling. We will provide further details in the coming weeks as we finalise our plans.’ Current stock price: 0.22 pence each 12-month change: down 77% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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