ECR Minerals plc Iceberg Gold Project Due Diligence Update
October 02 2018 - 5:08AM
UK Regulatory
TIDMECR
2 October 2018
ECR MINERALS plc
("ECR Minerals", "ECR" or the "Company")
Iceberg Gold Project - Due Diligence Update
ECR Minerals plc (LON:ECR) the precious metals exploration and
development company is pleased to provide an update regarding due
diligence work being undertaken by the Company in respect of the
Iceberg Gold Project, Western Australia.
On 3August 2018 the Company announced an Option Agreement in
respect of the Iceberg Gold Project.
The original Option Agreement provided a 60 day option period
during which due diligence work could be undertaken. ECR have
appointed CSA Global, Mining Industry Consultants, to conduct a
thorough review of the project and its underlying
documentation.
Recognising the substantial historical project data supplied by
the vendors, for which the Company is grateful, both parties have
agreed to extend the Option period by 30 days at no additional cost
to allow a thorough review of the information supplied to be
undertaken.
ECR is working well with the vendors, Pacific Trends Resources
Pty Limited and anticipate the due diligence work of the Company,
and its advisors, will be completed during the coming weeks.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ECR Minerals plc Tel: +44 (0)20 7929 1010
David Tang, Non-Executive Chairman
Craig Brown, Director & CEO
Email:
info@ecrminerals.com
Website:www.ecrminerals.com
WH Ireland Ltd Tel: +44 (0)161 832 2174
Nominated Adviser
Katy Mitchell/James Sinclair-Ford
Optiva Securities Ltd Tel: +44 (0)203 137 1902
Broker
Graeme Dickson
SI Capital Ltd Tel: +44 (0)1483 413500
Broker
Nick Emerson
FORWARD LOOKING STATEMENTS
This announcement may include forward looking statements. Such
statements may be subject to numerous known and unknown risks,
uncertainties and other factors that could cause actual results or
events to differ materially from current expectations. There can be
no assurance that such statements will prove to be accurate and
therefore actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward looking statements. Any
forward-looking statements contained herein speak only as of the
date hereof (unless stated otherwise) and, except as may be
required by applicable laws or regulations (including the AIM Rules
for Companies), the Company disclaims any obligation to update or
modify such forward-looking statements because of new information,
future events or for any other reason.
ABOUT ECR MINERALS PLC
ECR is a mineral exploration and development company. ECR's
wholly owned Australian subsidiary Mercator Gold Australia has 100%
ownership of the Avoca, Bailieston, Creswick, Moormbool and Timor
gold exploration licences in central Victoria, Australia.
ECR has earned a 25% interest in the Danglay epithermal gold
project, an advanced exploration project located in a prolific gold
and copper mining district in the north of the Philippines. An
NI43-101 technical report was completed in respect of the Danglay
project in December 2015 and is available for download from ECR's
website.
ECR's wholly owned Argentine subsidiary Ochre Mining has 100%
ownership of the SLM gold project in La Rioja, Argentina.
Exploration at SLM has focused on identifying small tonnage
mesothermal gold deposits which may be suitable for relatively
near-term production.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20181002005433/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
October 02, 2018 05:08 ET (09:08 GMT)
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