ECR Minerals PLC‘s (LON:ECR) drilling at Creswick in the Victoria Goldfields, Australia has identified more gold mineralisation along the strike zone in a southerly direction from the first drill hole.
To date, six holes have been completed, with four holes fully assayed and all hitting multiple and significant zones of quartz and all intercepting gold, with the best results from CSD003 where there were no historic workings, ECR said.
Craig Brown, chief executive, said: “The aggressive drilling campaign undertaken by our contractors at Creswick continues apace, and the consequential raft of core data and intelligence processed by the core shed in Bendigo is now providing our geological team with a much deeper understanding of the prospectivity of the trend across our license areas.
“I am also pleased to report that assay results from hole CSD001, the first drill hole of the campaign, show we have intersected gold, a factor that is particularly significant considering that CSD001 is the first diamond hole into the DMS in the entire tenement.
“We are delighted with Holes CSD003 and CSD004, which have provided our best gold intersections yet on this 2021 diamond drilling programme of 9.93g/t and 23.58g/t gold.
“The work undertaken in the current campaign has enabled us to locate and confirm the position of the DMS, and increase our understanding of the types of folding and faulting within the system to assist with ongoing drill targeting.”