ECR Minerals plc (LON: ECR) has received data from a recently completed LIDAR survey at the company’s exploration tenements (EPM 27518, EPM 25855, and EPM 19437) located in NE Queensland, together known as the Hurricane Project.
CEO Andrew Haythorpe commented: “The ECR board are acutely aware of the impact that challenging markets are currently having on our shareholders, and I am therefore pleased to be able to report solid progress at our Hurricane project, with some high-resolution detail generated by the recent LIDAR survey.”
The company’s Interpretation of the LIDAR data shows potential outcrops along strike at the existing gold and antimony mineralized quartz breccias known as the Tornado, Cyclone and Holmes prospects.
Aerial LIDAR survey completed over exploration tenements EPM 27518, EPM 25855, and EPM 19437, together known as the Hurricane Project.
Interpretation of LIDAR shows resistant ridgeline structures along strike at the existing Gold and Antimony mineralized quartz breccias known as the Tornado, Cyclone, and Holmes prospects. The board believes that the structures could also host other mineralized breccias that have yet to be explored.
The company has planned a follow up site visit to evaluate the identified structures with rock chip sampling, which will take place in August 2023.
“This is a project that I personally have detailed knowledge of and am vested in through work undertaken prior to my joining ECR as CEO. Our plan is to get boots back on the ground next month in order that we can firm up what the historical data, early fieldwork and the LIDAR findings have led us to believe – which is that Hurricane is a later stage gold and antimony property with exceptional near-term development potential. I look forward to reporting on progress in the coming weeks and months.” Added Andrew.
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