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ECR Minerals unearths high grade sampling results

Last updated: 08:34 06 Feb 2014 EST, First published: 09:34 06 Feb 2014 EST

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ECR Minerals (LON:ECR) has unearthed high grade sampling results from the Sierra de las Minas gold project in Argentina.

A total of eight samples were taken from outcropping quartz vein material, it said, and they showed grades of up to 272 grams per tonne gold.

The company says the sampled area is believed to have been a “significant focus” of past exploration. It is thought that diamond drilling, trenching, extensive sample was carried out in this area.

Exploration work, including mapping and sampling, will continue this month.

“These exceptionally high grades mean that our 2014 exploration at SLM is off to a positive start,” said chief executive Stephen Clayson.

“While conclusions as to the economic potential of the veins sampled cannot be drawn from these initial results, the results are certainly encouraging given our strategy for the SLM project as a whole; to identify high grade, low tonnage gold deposits potentially suitable for early development to production at low capital cost.

“Further exploration of the Corral 1 and Carmincita 9 tenements and in particular the JV zone will be a priority over the coming months.

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