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(Sharecast News) - ECR Minerals said on Wednesday that it has completed alluvial drilling at the Blue Mountain gold project in Queensland, confirming visible gold across multiple prospects, and was preparing to begin drilling at its Lolworth gold and rare earths project.
The AIM-traded company said drilling at Blue Mountain confirmed gold at the Lower Patterson, Windmill and Upper Kariboe Creek prospects, with coarse, heavy-textured gold identified for the first time at Upper Kariboe Creek.
Trial wash testing on selected samples would now be carried out to assess potential recovery rates and average grades.
Meanwhile, a drill rig was being mobilised to the Lolworth project, with initial drilling to target the Uncle Terry prospect, where previous rock chip sampling returned gold grades of up to 75.6 grams per tonne.
The programme wou;d test quartz outcrops and shear zones that remain open along strike.
"Our Queensland portfolio continues to stand out and deliver exciting results," said chief geologist Adam Jones.
"At the Blue Mountain Project we have confirmed visible gold across several prospects, including coarse and heavy-textured gold at Upper Kariboe Creek, which we consider a significant milestone as we consider how to advance its near-term production potential.
"With the rig now moving to the Lolworth Project, we are due to drill some of the most prospective ground we have seen to date.
"Together, these projects are showing great promise and position ECR for an exciting period ahead."
At 1215 BST, shares in ECR Minerals were up 4.35% at 0.24p.
Reporting by Josh White for Sharecast.com.
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