ECR Minerals Reports High-Grade Gold Samples at Lolworth Project
Why we think this is good
The exploration results from the Lolworth Project are encouraging, with high-grade gold samples and potentially significant niobium-tantalum values discovered. The company's plans for a maiden drilling programme in 2025 indicate confidence in the project's potential. However, it's important to note that these are early-stage exploration findings, and further work is needed to determine commercial viability. The positive results and forward-looking plans suggest good potential, but investors should remain cautious as exploration success doesn't guarantee commercial outcomes.
Key Points
- 165 pan concentrate samples collected from alluvial sources
- 9 samples returned gold values greater than 9 ppm Au
- Highest gold grades: 1,245 ppm, 175.5 ppm, and 127 ppm Au
- 5 samples showed Niobium-Tantalum concentrations exceeding 1,000 ppm of Nb
- Maiden drilling programme planned for 2025
- Focus on five key gold prospects for sub-surface evaluation
- Partnerships with Geological Survey of Queensland and James Cook University
Summary
ECR Minerals has announced positive exploration results from its Lolworth Gold and Critical Minerals Project in North Queensland, Australia. Key findings include:
- Nine samples yielded gold values exceeding 9 ppm Au, with the highest grades at 1,245 ppm, 175.5 ppm, and 127 ppm Au.
- Five samples returned Niobium-Tantalum concentrations greater than 1,000 ppm of Nb (0.1%).
- The company is planning a maiden drilling programme for 2025, focusing on five key gold prospects.
These results suggest potential for both gold and critical minerals in the under-explored Lolworth region. The company's partnerships with Geological Survey of Queensland and James Cook University further underscore the project's significance.