ECR Minerals plc Renewal of Exploration Licence

 
TIDMECR 
 
 

AIM: ECR

ECR MINERALS plc

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

RENEWAL OF EXPLORATION LICENCE

LONDON: 23 February 2018 - ECR Minerals plc is pleased to announce that the Company's wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd ("MGA") has been notified of the renewal of MGA's Exploration Licence EL5433 in Central Victoria, Australia for a further five-year term until 27 March 2023.

This licence represents the Bailieston gold exploration project, of which MGA has 100% ownership, and is located in the same district as the million-ounce Fosterville gold mine owned by Kirkland Lake Gold. For more information on MGA's current activities in Victoria, please see ECR's announcement dated 20 February 2018.

Craig Brown, CEO of ECR, commented:

"The renewal of EL5433 for a further five years is timely, as we are in the process of planning a drilling programme which will test multiple target areas at Bailieston. ECR is fully funded for the drilling, and we look forward to seeing the drill rig turning within the next few months."

ABOUT ECR

ECR is a mineral exploration and development company. ECR's wholly owned Australian subsidiary Mercator Gold Australia has 100% ownership of the Avoca, Bailieston, Moormbool and Timor gold exploration licences in Central Victoria, Australia.

ECR has earned a 25% interest in the Danglay epithermal gold project, an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines. An NI43-101 technical report was completed in respect of the Danglay project in December 2015, and is available for download from ECR's website.

ECR's wholly owned Argentine subsidiary Ochre Mining has 100% ownership of the SLM gold project in La Rioja, Argentina. Exploration at SLM has focused on identifying small tonnage mesothermal gold deposits which may be suitable for relatively near-term production.

MARKET ABUSE REGULATIONS (EU) No. 596/2014

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (MAR). Upon the publication of this announcement via Regulatory Information Service (RIS), this inside information is now considered to be in the public domain.

FOR FURTHER INFORMATION, PLEASE CONTACT:

 
ECR Minerals plc                        Tel: [phone] 
David Tang, Non-Executive Chairman 
Craig Brown, Director & CEO 
Email: [e-mail]: 
www.ecrminerals.com 
 
WH Ireland Ltd                          Tel: [phone] 
Nominated Adviser 
Katy Mitchell/James Sinclair-Ford 
Optiva Securities Ltd                   Tel: [phone] 
Broker 
Graeme Dickson 
FlowComms                               Tel: [phone] 
Investor Relations 
Sasha Sethi 
 
 

FORWARD LOOKING STATEMENTS

This announcement may include forward looking statements. Such statements may be subject to numerous known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from current expectations. There can be no assurance that such statements will prove to be accurate and therefore actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements. Any forward-looking statements contained herein speak only as of the date hereof (unless stated otherwise) and, except as may be required by applicable laws or regulations (including the AIM Rules for Companies), the Company disclaims any obligation to update or modify such forward-looking statements because of new information, future events or for any other reason.

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(END) Dow Jones Newswires

February 23, 2018 02:00 ET (07:00 GMT)