ECR MINERALS PLC: AGM Statement

TIDMECR 
 
 

ECR MINERALS plc

("ECR Minerals", "ECR" or the "Company")

Result of AGM

At the AGM held earlier today all resolutions were duly approved.

In addition, at the meeting the Company provided an update on the delivery of the second drill rig which the Company had confirmed it had purchased in the announcement on the 27(th) July 2021. The Directors confirmed there were delays in delivery from China due to high shipping costs and availability, but the Directors expect to have it on site and in use by the end of the summer.

Adam Jones, leading Geologist for ECR's Victorian projects stated "The use of the second multi-purpose drill rig will be crucial for follow up drilling at projects such as Creswick. We can quickly switch between RC drilling (for bulk-samples and grade) and diamond core (for confirmation of structures) as needed."

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
ECR Minerals plc                      Tel: [phone] 
David Tang, Non-Executive Chairman 
 Andrew Haythorpe, CEO 
 
Email: 
 [e-mail] 
Website: www.ecrminerals.com 
 
WH Ireland Ltd                        Tel: [phone] 
Nominated Adviser 
 Katy Mitchell / Andrew de Andrade 
 
SI Capital Ltd                        Tel: [phone] 
Broker 
Nick Emerson 
 
Novum Securities Limited              Tel: [phone] 
Broker 
 Jon Belliss 
 
Blytheweigh                           Tel: [phone] 
Public Relations 
Tim Blythe 
 

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR's wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd ("MGA") has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has eight licence applications outstanding including two licence applications lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at both the Bailieston (EL5433) and Creswick (EL6148) projects and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.

https://mercatorgold.com.au/

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd ("LUX") which has three licence applications covering 900 km2 covering a relatively unexplored area in Queensland, Australia.

https://luxexploration.com/

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 25% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220425005512/en/

 
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ECR Minerals plc

 
    SOURCE: ECR Minerals plc 
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(END) Dow Jones Newswires

April 25, 2022 07:15 ET (11:15 GMT)