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ECR Minerals ( (GB:ECR) ) just unveiled an announcement.
ECR Minerals has secured the Tambo South exploration licence EL007486 in Victoria, significantly extending its Tambo project to a contiguous 47km strike in the Gippsland region. The 322 km² tenement, granted for five years and largely on Crown Land under a Native Title Agreement with the Gunai-Kaurnai People, contains historically reported gold, tungsten and copper and lies along regional shear zones linked to the nearby Haunted Stream Goldfield.
Initial targets within Tambo South include areas with historic high-grade gold intercepts, wolframite workings, base-metal anomalism around Mt Elizabeth and under-explored alluvial gold prospects such as Shady Creek and Peters Creek. ECR plans grassroots stream and rock-chip sampling and LIDAR surveys while integrating the new licence into a broader work programme that prioritises Raglan, Blue Mountain and Lolworth, underscoring a pipeline of exploration assets aimed at expanding future production potential.
More about ECR Minerals
ECR Minerals is a UK-listed mineral exploration and development company focused on gold projects in Australia, operating through three wholly owned subsidiaries in Victoria and Queensland. Its portfolio includes the Bailieston, Creswick and Tambo gold projects in Victoria, as well as the Raglan alluvial gold project, Blue Mountain and Lolworth exploration permits in Queensland, with a strategy to advance these assets toward production.
Average Trading Volume: 58,159,760
Technical Sentiment Signal: Hold
Current Market Cap: £9.87M
For detailed information about ECR stock, go to TipRanks’ Stock Analysis page.