|An outcrop on ECR Minerals’ Itogon Gold-Silver Project on Luzon.|
ECR Minerals has received positive results from reverse circulation (RC) drilling at the Itogon epithermal gold project. Results demonstrate the existence of high and very high grade narrow vein hosted gold mineralization with lower grade mineralized haloes. Sections consisting only of low grade mineralization are also evident.
The drilling was completed in April and comprised eight holes totalling 1004 metres. Highlights are: 18 metres from surface @ 17.14 grams/tonne gold, including 2 metres @ 119.53 grams/tonne;
30 metres from surface @ 1.63 grams/tonne, including 2 metres @ 7.08 grams/tonne; 5 metres from 10 metres @ 6.46 grams/tonne, including 1 metres @ 21.85 grams/tonne; 15 metres from 82 metres @ 3.29 grams/tonne, including 2 metres @ 18.25 grams/tonne; 7 metres from 138 metres @ 5.33 grams/tonne, including 2 metres @ 15.00 grams/tonne; and 33 metres from 86 metres @ 1.13 grams/tonne.
ECR’s CEO Stephen Clayson says, “These results very much conform to our expectations for ECR’s first phase of drilling at Itogon. The near-surface, high-grade intervals are encouraging, occurring over a strike length of approximately 400 metres. The deeper high grade intervals indicate good depth potential and mineralization has already been identified by ECR’s exploration over a vertical extent of about 250 metres.
“The deposit remains open along strike in both directions, at depth and laterally. Further drilling is therefore required to fully evaluate the deposit, but we have certainly made a pleasing start. Interpretation of the results from this phase of drilling is continuing.”
Earlier this year ECR entered an agreement for provision of drilling services with Quest Exploration Drilling (Philippines) (QED). The agreement provides for the completion by QED of up to 24 drill holes comprising 3850 metres of diamond and reverse circulation (RC) drilling at Itogon.
The drilling will be completed in three phases: a first phase of about 1050 metres of RC drilling; a second phase of 1800 metres of RC drilling or 1000 metres of diamond drilling; and a third phase consisting of RC or diamond drilling not completed in the second phase.
Exploration by ECR to date has determined that gold mineralisation at Itogon is hosted by NNW trending, SW dipping to sub-vertical epithermal veins, with a subordinate set of generally NE trending veins. Mineralization is observed over a strike length of 600 metres.
ECR is a mineral exploration and development company with, among other interests, the right to earn a 50% interest in Itogon - an advanced exploration project located in a gold and copper mining district on the island of Luzon in the north of the Philippines, and which benefits from an extensive historical dataset.