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ECR Minerals ( (GB:ECR) ) has shared an update.
ECR Minerals PLC has announced promising initial drilling results from the Lower Patterson area of the Blue Mountain Gold Project in Queensland, Australia. The results confirm extensive zones of consistent gold mineralisation, with peak results indicating significant gold content. This discovery highlights the potential for expanding the project’s resource base, especially in previously unmined areas, and has attracted interest from potential production partners. The findings suggest a strong foundation for further exploration and potential commercial production, with additional results from other areas of the project expected soon.
More about ECR Minerals
ECR Minerals PLC is a gold exploration and development company focused on projects in Australia. The company is engaged in identifying and developing gold resources, with a particular emphasis on the Blue Mountain Gold Project in Queensland, which is known for its extensive alluvial workings and potential for both near-term production and longer-term exploration.
Average Trading Volume: 28,526,723
Technical Sentiment Signal: Buy
Current Market Cap: £6.81M
See more data about ECR stock on TipRanks’ Stock Analysis page.