ECR Minerals plc (LSE:ECR) said recent drilling at its Blue Mountain project in Central Queensland has delivered encouraging results, supporting the potential for near-term, low-cost alluvial gold production. The programme identified visible coarse gold and extended gold-bearing creek flats, which the company said may point to a nearby primary source.
In addition, wash-plant trials conducted at the Lower Patterson area were described as successful, further demonstrating the technical and commercial viability of a potential start-up operation. Management said the results strengthen the case for progressing Blue Mountain as an alluvial gold development in North Queensland.
More about ECR Minerals plc
ECR Minerals plc is an exploration and development company focused on gold projects in Australia. The group’s strategy centres on identifying and advancing cost-efficient alluvial gold opportunities with the potential for near-term production.
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