ECR Minerals PLC has reported a significant increase in gold grades at the Kuboid Hill site in Creswick, Australia. The final bulk sampling results from the reverse circulation drilling program revealed high-grade pockets of gold within the broader mineralization footprint. The company also provided updates on its operations at Bailieston and Tambo in Victoria, as well as its forthcoming plans in Queensland.
The bulk sampling results at Kuboid Hill showed an upgrade from 1m @ 1.04 g/t Au to 1m @ 8.37 g/t Au, indicating the presence of higher-grade gold pockets within a broader low-grade mineralization halo. The company is fully funded for its planned work programs in Victoria and Queensland in 2024.
In addition, ECR Minerals has submitted samples for photon assay pilot testing at the Tambo Project, with results expected shortly. The company is also analyzing antimony in selected diamond core from Bailieston, Victoria. Field operations in Queensland at the Lolworth Project have resumed, focusing on priority targets including Gorge Creek, Reedy Creek, and Butterfly Creek, with stream samples yielding up to 1395 ppm Au. Furthermore, additional test work at Blue Mountain, Queensland is expected to commence within weeks.
The company's exploration activities in Victoria and Queensland have shown promising results, with the presence of high-grade gold pockets at Kuboid Hill and significant alluvial gold resource potential at the Blue Mountain Project. ECR Minerals remains optimistic about the future prospects of its exploration and development activities in Australia.