ADDITIONAL CRESWICK RESULTS RAISE GOLD GRADES-ECR MINERALS PLC

ADDITIONAL CRESWICK RESULTS RAISE GOLD GRADES-ECR MINERALS PLC

Additional Creswick drilling results raise overall gold grades

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ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to provide additional results from its drilling programme at the Davey Road site in its Creswick tenement.  These results comprise the bulk sample testing following the preliminary results announced on 5 February 2024.

HIGHLIGHTS

●     Significant increase in gold grades overall with the best result now 41.03 g/t Au over 1 metre.

●     Several other significant results including 10.26 g/t Au, 8.46 g/t Au and 6.22 g/t Au.

●  Importantly, the bulk sample results show contiguous gold over multiple metres - of particular note, approximately 4.4 g/t Au average over 3 metres in hole 1 (between 36 - 39 metres depth).

●     Bulk sample testing has indicated both greater prevalence and higher grades of gold.

●  This phase of drilling completed on time and on budget and second phase of drilling at Kuboid Hill, Creswick now underway.

Bulk samples from the 20-30kg 'leftovers' from the preliminary drilling results were concentrated in a dry blower with subsequent panning consistently showing visible gold. Pan concentrate samples ranged in weight between 0.29kg and 1.79kg.  A total of 32 samples were selected for testing from 1 metre intervals that showed anomalous gold.

The rig is now back on site at Kuboid Hill as the second phase of the Company's drilling programme in Creswick gets fully underway.  Further announcements will be made in due course.

Details of current drilling and significant intercepts > 0.5g/t

Hole ID

Total depth (metres)

Significant intercepts in preliminary results

Significant intercepts following bulk sample testing

Concentrate weight (kg)

CDYRC001

66

-

 

1m @ 2.53 g/t Au from 6m

-

 

1m @ 2.42 g/t Au from 37m

1m @ 0.79 g/t Au from 38m

1m @ 0.53 g/t Au from 29m

1m @ 0.50 g/t Au from 30m

-

1m @ 2.03 g/t Au from 5m

41.03 g/t Au

 

1m @ 0.62 g/t Au from 26m

8.46 g/t Au

 

1.62 g/t Au

 

0.64 g/t Au

 

0.85 g/t Au

 

1m @ 3.19 g/t Au from 36m

 

0.59

 

0.54

 

1.24

 

0.92

 

0.89

 

0.53

 

0.94

 

1.04

CDYRC002

84

No significant intercepts reported

No significant intercepts reported

CDYRC003

84

No significant intercepts reported

1m @ 0.63 g/t Au from 19m

 

0.57

CDYRC004

84

No significant intercepts reported

1m @ 0.88 g/t Au from 54m

1m @ 3.47 g/t Au from 55m

1.24

 

1.30

CDYRC005

54

1m @ 23.39 g/t Au from 14m

1m @ 1.01 g/t Au from 15m

10.26 g/t Au

 

0.41 g/t Au

1.79

 

0.86

CDYRC006

84

No significant intercepts reported

No significant intercepts reported

CDYRC007

66

No significant intercepts reported

1m @ 6.22 g/t Au from 12m

1.09

 

Nick Tulloch Managing Director said: "These results at Davey Road are very promising indeed.  As we anticipated, bulk sample analysis has provided far greater clarity on the prospect as well as indicating contiguous gold over multiple metres in depth.  The higher grades now being indicated support our view that Creswick has the potential to become a very significant asset for our company.  Drilling was completed on time and on budget and we have now commenced our follow-on drilling programme at nearby Kuboid Hill.  We have much to look forward to from that campaign as we develop our ongoing analysis and understanding of the wider location."

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.

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