ECR Minerals plc (LON: ECR), has shared an initial update on its drilling programme at the Davey Road site within its Creswick tenement. The drilling was carried out in December 2023.
Seven holes were completed during the drill programme, unearthing substantial evidence of anomalous gold. The most notable result was the discovery of 23.39g/t Au over a span of 1m, which stands as a testament to the richness of the site.
The company has stated that the top sample continues to show promising signs, with 4.7g/t Au still present in the tailings from the initial results. This aligns with ECR’s expectation of finding coarse gold in this location, further bolstering the confidence in the project’s potential.
In addition to the initial drilling, approximately 30 extra bulk samples have been collected. Each sample weighs between 20-30kg and is derived from the preliminary drilling results. These samples have been concentrated using a dry blower, a process during which gold has consistently been visible. These samples are now enroute for laboratory testing, which will provide a more detailed analysis of their composition.
The preliminary results have suggested a likely dipping vein, indicating that the gold mineralisation is not in a vertical structure. This insight is crucial for the ongoing further analysis, which is expected to aid in the geological interpretation of the site. This understanding will be instrumental in shaping the future exploration and extraction strategies.
The complete results of this bulk sample testing are expected to be finalized soon.
In parallel, the second phase of the company’s drilling programme in Creswick (at Kuboid Hill) is currently underway, and more updates will be shared as they become available.
Details of current drilling and significant intercepts > 0.5g/t
Mike Whitlow chief operating officer said: “This is an encouraging start to our examination of Davey Road. Based on ECR’s work historically in this region, our expectation was that any gold would be both course and confined within narrow veins. These preliminary results support this assumption and consequently analysis of the bulk samples is a necessary step before we have a full picture of the geology. There is plenty so far to be pleased with, but these results are indicative only and we look forward to gaining a better understanding of the location once full testing is complete.”
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