ECR minerals shared good news regarding the result of hole BH3DD019 drilled into the north end of the Maori Reef inside HR3 at Bailieston, Victoria.
ECR minerals is a gold exploration and development company based in Australia. HR3 is completely owned by ECR minerals.
BH3DD019
Hole BH3DD019 is one of four holes designed to crosscut H43 goldfield. The series of the four holes entail BH3DD012, BH3DD014, BH3DD020, and BH3DD021. Due to staffing issues during the pandemic, the drills and tests were put on hold. However, post recovery of the pandemic, the results from BH3DD019 are in.
Results
Four mineralisation zones have been found in BH3DD019 from tests taken on the drill hole. This is the deepest hole dug beneath the Maori Reef’s north end. The outcome declares findings of further deposits of gold. The presence of visible stibnite in holes drilled into the Maori Reef corresponds with the likelihood of finding gold.
Stibnite, arsenopyrite, and gold mineralisation are all part of a ‘epizonal’ form of mineralisation encountered in surrounding deposits including Costerfield, Nagambie, and Whroo.
The findings include 0.5m @ 9.5 g/t Au from 99.9m, 0.8m @ 4.96 g/t Au from 100.4m, 0.3m @ 4.59 g/t Au from 143.4m and 0.6m @ 6.15 g/t Au from 231.5m.
“I am delighted to report that our team of geologists headed by Adam Jones are reporting some very encouraging gold grades at hole BH3DD019. Furthermore, the epizonal mineralisation identified through the drilling work and assay results correlates with nearby deposits at Costerfield, Nagambie and Whroo mine and this is assisting with our understanding of the regional gold trend as we work towards identifying a possible ore resource,” stated David Tang, Chairman, ECR.
ECR shares were trading down at 0.21% to 1.4p on Wednesday.
