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To: LoneClone who wrote (169624)

1/23/2023 1:58:19 PM

From: LoneClone

Read Replies (1) | Respond to of 192644

ECR Minerals: Soil Geochemistry Results from Creswick License EL006184

ca.finance.yahoo.com

Sun, January 22, 2023 at 11:05 p.m. PST·9 min read

LONDON, January 23, 2023--( BUSINESS WIRE)--

ECR MINERALS plc

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

Soil Geochemistry Results from Creswick License EL006184

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce updated results from soil sampling and other on-going exploration activities within licence EL006184 at Creswick, Victoria, Australia.

ECR Minerals plc has 100% ownership of the Creswick Project which includes exploration tenements EL006907, EL006713 and EL006184. All licences reside north to north-east of the City of Ballarat, Victoria, Australia. The Company is exploring a number of parallel-gold mineralisation trends that are believed to extend 10km NE from the Nerrina Goldfields at Ballarat.

ECR CEO Andrew Haythorpe commented: "The ECR board is now of the opinion that the geochem results from the Davey Road prospect provides ample evidence that Creswick is host to an extended gold system, and that our decision to plan a drilling campaign and complete permit applications is fully justified. This view is further supported by the samples and anecdotal evidence of drill specks in road gutters from the Blue Gum South prospect in our ‘on the ground’ follow up to the 2021 diamond drill campaign.

As we start to ramp up our activities ahead of the 2023 drilling campaign, I very much look forward to reporting back to you with our full Creswick drill plan, and on our activities across our other assets."

HIGHLIGHTS

Final results from soil sampling at the newly identified Creswick Davey Road ‘CDY’ prospect have just been received.

Results up to 1.59 ppm Au obtained at the Blue Gum South ‘BGS’ prospect.

Figures related to this announcement can be viewed here;

Figure 1: Location map

cts.businesswire.com

Figure 2: Update gold anomaly map for Davey Road Prospect (CDY)

cts.businesswire.com

Figure 3: Gold anomalies identified at Blue Gum South (BGS)

cts.businesswire.com

UPDATED SOIL RESULTS AT DAVEY ROAD

Further results have been received from soil sampling at the recently announced Davey Road Prospect ‘CDY’ (see RNS from December 22 2022 here). Plotting of all the results strongly suggests that gold mineralisation originates from the North end of a line of historical gold workings, with another strong gold anomaly also present at the southern end of the historic workings. The Board believes these two anomalies represent the outcrop of two possible gold shoots.

GOLD ANOMALISM AT BLUE GUM SOUTH PROSPECT

Soil sampling has also been completed over a small grid area 200 metres to the north of some of the best drill intercepts from 2021’s diamond drilling (see Figure 3 above), where hole CSD003 returned 0.95m @ 9.93 g/t Au from 84.2m and 0.95m @ 23.58 g/t Au from 89.05m down hole. This grid lies within the Dimocks Main Shale trend., and the Company has named this prospect Blue Gum South ‘BGS’ after the access tracks to the area. Gold ‘specks’ can also be obtained from the road gutters within the grid. A small anomalous area of gold has been identified on the east side of the grid area with a maximum result of 1.59 ppm Au. Abundant quartz veining is visible across the hillside immediately above the anomalous area. Rock chips of the exposed part of the vein within the track have shown no gold result to date.

Table 1. Top 15 anomalous Soil Samples at Davey Road and Blue Gum South Prospect.

BGS			BGS1540
BGS			BGS1541
CDY			CDY145
CDY			CDY421
CDY			CDY432
CDY			CDY144
CDY			CDY435
CDY			CDY149
BGS			BGS1501
CDY			CDY417
CDY			CDY428
BGS			BGS1531
CDY			CDY413
BGS			BGS1542
CDY			CDY068

CDY (Creswick Davey Road Prospect), BGS (Blue Gum South Prospect)

*Co-ordinates in GDA94 Zone 54

**A complete set of results are set out in the Appendix at the end of this announcement.

NEXT STEPS

The soil exploration methodology utilised on EL006184 has proved effective in identifying blind outcrops of gold mineralisation. The anomalies identified to date will provide the foundations for a drilling program this year. Permits are being currently drafted for submission to the regional government.

Additionally, the field team have been actively sampling and mapping insitu quartz veins from exposed features accessible within historic adits, pits and trenches within EL006184 and the newly granted tenement EL006713 adjoining to the south. Added to this, the Company is also targeting other potential prospects along the strike of the Dimocks Main Shale trend. The aim of this work is to evaluate veining widths where possible and to provide some guidance in regard to possible gold grades from historical workings. This work will also form a key part of the drill programme planning process. Further details of the planning process will be released in due course. .

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc		Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman Andrew Haythorpe, CEO

Email: info@ecrminerals.com
Website: www.ecrminerals.com

WH Ireland Ltd		Tel: +44 (0) 207 220 1666
Nominated Adviser Katy Mitchell / Andrew de Andrade

SI Capital Ltd		Tel: +44 (0) 1483 413500
Broker
Nick Emerson

Novum Securities Limited		Tel: +44 (0) 20 7399 9425
Broker Jon Belliss

Brand Communications		Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

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 six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd ("LUX") which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Queensland, Australia.

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 70% 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.

**APPENDIX 1: All reportable soil sampling results, CDY and BGS sampling grids

Prospect	SampleID	Co-ordinate	Easting	Northing	Au_ppb
CDY	CDY068	GDA94_Z54	759844.6	5853657	7
CDY	CDY069	GDA94_Z54	759854.1	5853656	5
CDY	CDY070	GDA94_Z54	759864	5853656	3
CDY	CDY071	GDA94_Z54	759873.2	5853654	2
CDY	CDY072	GDA94_Z54	759885.2	5853656	3
CDY	CDY073	GDA94_Z54	759845.2	5853667	2
CDY	CDY074	GDA94_Z54	759855.6	5853665	1
CDY	CDY075	GDA94_Z54	759863.6	5853664	1
CDY	CDY076	GDA94_Z54	759873.7	5853666	1
CDY	CDY077	GDA94_Z54	759884.2	5853664	5
CDY	CDY078	GDA94_Z54	759843.7	5853675	3
CDY	CDY079	GDA94_Z54	759854.8	5853676	1
CDY	CDY080	GDA94_Z54	759864.8	5853676	3
CDY	CDY081	GDA94_Z54	759874.2	5853676	2
CDY	CDY082	GDA94_Z54	759883.3	5853675	1
CDY	CDY083	GDA94_Z54	759842.9	5853686	1
CDY	CDY084	GDA94_Z54	759853	5853686	2
CDY	CDY085	GDA94_Z54	759864.7	5853686	2
CDY	CDY086	GDA94_Z54	759874.2	5853686	3
CDY	CDY087	GDA94_Z54	759883.9	5853684	1
CDY	CDY088	GDA94_Z54	759845.2	5853696	1
CDY	CDY089	GDA94_Z54	759853.6	5853695	2
CDY	CDY090	GDA94_Z54	759864.3	5853696	4
CDY	CDY091	GDA94_Z54	759873.3	5853695	1
CDY	CDY092	GDA94_Z54	759884.1	5853696	1
CDY	CDY093	GDA94_Z54	759843.8	5853705	1
CDY	CDY094	GDA94_Z54	759853.1	5853706	1
CDY	CDY095	GDA94_Z54	759862.6	5853706	1
CDY	CDY096	GDA94_Z54	759872.8	5853705	1
CDY	CDY097	GDA94_Z54	759884.3	5853704	1
CDY	CDY098	GDA94_Z54	759844.7	5853716	1
CDY	CDY099	GDA94_Z54	759853.9	5853717	1
CDY	CDY100	GDA94_Z54	759862.9	5853716	1
CDY	CDY101	GDA94_Z54	759874.5	5853716	3
CDY	CDY102	GDA94_Z54	759883.5	5853717	1
CDY	CDY103	GDA94_Z54	759843.3	5853725	1
CDY	CDY104	GDA94_Z54	759853.5	5853726	1
CDY	CDY105	GDA94_Z54	759863.1	5853726	1
CDY	CDY106	GDA94_Z54	759873	5853726	1
CDY	CDY107	GDA94_Z54	759882.4	5853727	3
CDY	CDY108	GDA94_Z54	759842.8	5853736	1
CDY	CDY109	GDA94_Z54	759853	5853736	1
CDY	CDY110	GDA94_Z54	759862.1	5853736	5
CDY	CDY111	GDA94_Z54	759873.2	5853736	1
CDY	CDY112	GDA94_Z54	759882.3	5853735	1
CDY	CDY113	GDA94_Z54	759842.8	5853746	1
CDY	CDY114	GDA94_Z54	759852.2	5853746	1
CDY	CDY115	GDA94_Z54	759862.5	5853746	1
CDY	CDY116	GDA94_Z54	759872.1	5853746	2
CDY	CDY117	GDA94_Z54	759883.1	5853744	1
CDY	CDY118	GDA94_Z54	759842.7	5853756	1
CDY	CDY119	GDA94_Z54	759853.3	5853757	1
CDY	CDY120	GDA94_Z54	759861.9	5853756	2
CDY	CDY121	GDA94_Z54	759871.7	5853755	4
CDY	CDY122	GDA94_Z54	759880.5	5853754	1
CDY	CDY123	GDA94_Z54	759841.6	5853765	6
CDY	CDY124	GDA94_Z54	759851.9	5853767	1
CDY	CDY125	GDA94_Z54	759861.7	5853767	3
CDY	CDY126	GDA94_Z54	759874	5853765	6
CDY	CDY127	GDA94_Z54	759881	5853766	1
CDY	CDY128	GDA94_Z54	759842.1	5853775	1
CDY	CDY129	GDA94_Z54	759852.4	5853777	2
CDY	CDY130	GDA94_Z54	759861.9	5853775	4
CDY	CDY131	GDA94_Z54	759872	5853775	2
CDY	CDY132	GDA94_Z54	759881.6	5853776	1
CDY	CDY133	GDA94_Z54	759842.6	5853786	2
CDY	CDY134	GDA94_Z54	759853.3	5853786	5
CDY	CDY135	GDA94_Z54	759860.9	5853787	5
CDY	CDY136	GDA94_Z54	759871.4	5853784	3
CDY	CDY137	GDA94_Z54	759882.6	5853786	1
CDY	CDY138	GDA94_Z54	759842.6	5853795	1
CDY	CDY139	GDA94_Z54	759851.4	5853795	6
CDY	CDY140	GDA94_Z54	759861.1	5853796	5
CDY	CDY141	GDA94_Z54	759871.9	5853796	2
CDY	CDY142	GDA94_Z54	759881.8	5853796	1
CDY	CDY143	GDA94_Z54	759841.1	5853806	4
CDY	CDY144	GDA94_Z54	759852.3	5853806	28
CDY	CDY145	GDA94_Z54	759861.4	5853807	37
CDY	CDY146	GDA94_Z54	759871.4	5853804	1
CDY	CDY147	GDA94_Z54	759883.5	5853806	1
CDY	CDY148	GDA94_Z54	759840.3	5853816	3
CDY	CDY149	GDA94_Z54	759850.1	5853815	19
CDY	CDY150	GDA94_Z54	759862.4	5853816	4
CDY	CDY151	GDA94_Z54	759870.8	5853817	1
CDY	CDY152	GDA94_Z54	759880.4	5853814	1
CDY	CDY402	GDA94_Z54	759871.1	5853409	4
CDY	CDY403	GDA94_Z54	759883.6	5853408	6
CDY	CDY404	GDA94_Z54	759893.2	5853409	3
CDY	CDY405	GDA94_Z54	759900.3	5853407	1
CDY	CDY406	GDA94_Z54	759907.7	5853405	1
CDY	CDY407	GDA94_Z54	759853.9	5853417	2
CDY	CDY408	GDA94_Z54	759863.9