ECR Minerals (LSE:ECR) has reported soil sampling results from its 100%-owned Lolworth gold project in North Queensland, including 31 samples containing more than 100 parts per billion gold and a peak result of 608 ppb gold.
The company said the results have provided additional information on the structural controls of mineralisation at Lolworth and indicate that previously identified gold-bearing structures extend beyond areas tested during the project’s maiden drilling programme.
ECR’s geological interpretation identifies a principal north-northwest-trending gold-bearing structural system, as well as a second parallel gold trend to the northeast of the Uncle Terry prospect.
The sampling also identified northeast-trending silver-bearing shear structures. ECR said the new anomalies, together with gold and silver intercepts from previous shallow drilling, will be used to refine targets for further exploration.
The company is planning a larger diamond core drilling programme to test the identified structural trends and other priority targets.
ECR’s geologists also interpret the principal gold trend as potentially extending south towards Gorge Creek West. Further exploration will be required to assess the continuity and extent of mineralisation across the area.
More about ECR Minerals
ECR Minerals PLC is an AIM-listed mineral exploration and development company focused on gold projects in Australia.
Its portfolio includes the Lolworth Project in North Queensland, which covers approximately 946 square kilometres. Exploration at the project is targeting gold and silver mineralisation associated with identified structural trends.
ECR uses exploration techniques including soil geochemistry, reverse circulation drilling and diamond core drilling to identify and evaluate mineralised structures and prospective targets.
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