ECR Minerals (LSE:ECR) has uploaded a presentation to its website containing in-depth information about its latest gold project in Australia.
The slides cover various aspects of the Windidda gold project, including its location, regional geology, gravity & magnetics, and its exploration potential. The presentation can be accessed on ECR’s website by clicking here or can be downloaded in PowerPoint format by clicking here.
Windidda spans c.1,600km2 of ground across nine exploration licences in the Yilgarn region of Western Australia. ECR submitted applications for the permits in early January to complement its existing gold exploration portfolio in Victoria, Australia.
The area has been identified as a gold exploration opportunity because it has the potential to contain Archaean greenstones beneath shallow cover. Archaean greenstones host many of Western Australia and the world’s most prolific gold deposits.
The under-cover greenstone gold exploration model has already been tested successfully by Greatland Gold at its nearby Ernest Giles project. Furthermore, ECR’s licence applications also cover a large proportion of an identified gravity-magnetic trend with known gold prospects along trend to the south.
Previous exploration at Windidda has only targeted base metal and manganese deposit within cover sequences. ECR expects its target areas to be amenable to aircore drilling. It hopes this will enable it to make a rapid assessment of their potential for gold mineralisation.
Craig Brown, chief executive at ECR Minerals, said: ‘ECR Minerals is building its strategic gold exploration portfolio at what the directors believe is a fascinating time in the gold industry, underlined by the acquisition of Goldcorp Inc. by Newmont Mining Corp. announced this week.
‘Larger companies within the sector are often in search of new gold discoveries to replace reserves as they are mined, potentially putting proactive junior gold explorers in a prime position should they be able to identify highly prospective territory, achieve a discovery and/or build strategic knowledge through exploration.
‘ECR has already identified a large, but early stage, gold system at its Creswick project in Victoria, Australia and is working to advance that project as rapidly as possible. The Windidda project diversifies ECR’s interests into Western Australia and the highly prospective Yilgarn Craton, which the directors believe is amply demonstrated by the presentation linked above. Following the financings completed in 2018, ECR is able to move forward confidently with new initiatives like the Windidda gold project.’
Please click here to read our recent interview with Brown about the potential on offer at ECR’s Creswick project.
Author: Daniel Flynn
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