ECR Minerals plc is pleased to provide the following update on drilling at the El Abra prospect within the Company’s Sierra de las Minas gold project area in La Rioja Province, Argentina.
To date 8 drill holes have been completed and hole 9 is in progress. In total approximately 650m has been drilled. Core samples from 6 holes have been sent to the internationally accredited AcmeLabs laboratory in Mendoza, Argentina for assay. Assay results in respect of the samples submitted are expected within 2-3 weeks. The Company expects to submit further core samples for analysis in due course.
The current programme is planned to consist of 12 holes totaling 1,000m, however the Company has the option to retain the drill rig presently on site for a further 1,000m of drilling. A decision as to whether to retain the rig will be made once initial assay results from the current programme are available.
A picture of the drill rig in operation at El Abra has been added to the Company’s website and may be viewed here
About the Sierra de las Minas Project Area
ECR holds 100% of the exploration rights to the Sierra de las Minas project area and 100% of the exploitation rights to a number of prospects within it, including the El Abra prospect. Exploration rights for other prospects may be converted to exploitation rights by application to the government of La Rioja Province. The El Abra and Jazmin prospects are subject to a 2% net smelter return royalty from production. Commencement of mining activities is subject to receipt of the necessary environmental permissions from the provincial government.
The project area is located approximately 800km north west of Buenos Aires, the capital city of Argentina, and is the site of significant historical small scale gold mining. Access to the project area is possible via paved highways from the cities of Mendoza, San Juan and Cordoba. Local access is by paved and unpaved provincial routes.
About ECR Minerals plc
ECR is a mineral development company with interests in Argentina, the USA, Indonesia, Thailand and Australia.
For further information please contact:
|ECR Minerals plc|
|Patrick Harford, Executive Chairman|
|Stephen Clayson, Director & Chief Financial Officer|
|Daniel Stewart & Company plc|
|Paul Shackleton/Tessa Smith/David Hart||Tel:||+44 (0) 20 7776 6550|
|Old Park Lane Capital plc|
|Michael Parnes||Tel:||+44 (0) 20 7493 8188|
|Blythe Weigh Communications|
|Matthew Neal/Tim Blythe/Paul Weigh||Tel:||+44 (0)20 7138 3204|
|Barry Kaplan Associates|
|Larry Kaplan||Tel:||+1 732 747 0702|