ECR Minerals PLC - Australia-focused gold exploration company - Finds up to 51.5 grammes of gold per tonne at Duke of Cornwall mine, located at Swifts Creek Tambo in eastern Victoria, Australia. Chief Operating Officer Mike Whitlow says: "Our technical strategy in Victoria continues to deliver promising results. We are observing significant variations in the geological age and footprint at our easternmost tenement, Tambo. Today's findings are particularly encouraging, as they are based on new scientific data analysis, further supporting the potential for drilling this asset in the second half of this year.'' Late last month, ECR Minerals reported that it had found 8.37 grammes of gold per tonne at Kuboid Hill in Creswick, central Victoria.
Current stock price: 0.29 pence each, up 7.2% on Monday afternoon in London
12-month change: down 16%
By Tom Budszus, Alliance News slot editor
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ECR Minerals (ECR)