Further Gold Results from Soil Sampling at Quartz Hill, Creswick

LONDON, July 20, 2023--(BUSINESS WIRE)--

ECR MINERALS plc

("ECR Minerals", "ECR" or the "Company")

Further Gold Results from Soil Sampling at Quartz Hill, Creswick

ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, is pleased to announce newly received gold results from soil sampling activities at license EL006184 (Creswick), Victoria, Australia.

ECR Minerals also has 100% ownership of two adjacent approved exploration tenements (EL006713 and EL006907) at Creswick.

ECR CEO Andrew Haythorpe commented: "Although our current focus is on developing our Lolworth and Hurricane projects in Queensland, Creswick remains a key part of the ECR asset portfolio. I am delighted that the sampling work undertaken by Adam and the team has identified two potential 100m gold ‘shoots’, with additional potential for further shoots along the DMS strike and south towards Ballarat. We have planned a further visit to the Quartz Hill area at Creswick for the field team once our scheduled work at Hurricane and Lolworth in Queensland has been completed."

"l look forward to reporting further findings from our asset portfolio in the coming days and weeks."

HIGHLIGHTS

• Results from soil sampling activities at Quartz Hill, Creswick have identified two likely sources of gold mineralisation.

• Gold results in residual soils up to 0.3 ppm Au. Two anomalous ‘shoots’, each approximately 100m long delineated.

• Exploration for other sources or ‘shoots’ further along strike is open to the north and south of the area sampled.

Figures related to this announcement can be found here:

Figure One: Overview of the Creswick Project area and prospect locations:

Figure 1: https://www.ecrminerals.com/images/2023/Fig1_CQH_230721.png

Figure Two: Soil sampling results for Creswick (Quartz Hill) showing results (Au ppb), gold anomalies and historic gold workings.

Figure 2: https://www.ecrminerals.com/images/2023/Fig2_CQH_230721.png

QUARTZ HILL SAMPLING

Quartz Hill is a ridgeline located 3km to the NW of ECR’s Brewery Lane property (see Figure One above). The area is surrounded by historic alluvial gold workings, some of which head to the base of Quartz Hill. A soil sampling grid at a spacing of 15m x 15m was completed over the area to test up-hill for potential sources of gold. The final results from this work have delineated two possible sources of gold within the gridded area. These two anomalous areas (also known as ‘shoots’), each cover a 100m area along strike. Two historically mined alluvial gullies are sited adjacent to these two anomalies and can be seen clearly on the map in Figure 2 above.

NEXT STEPS

Two historical adits (tunnels) lead underneath the gridded hill which the Board believes will provide further opportunities for sampling of in-situ veins when our field team returns to Creswick. Quartz Hill is located within Crown Land to which ECR has full access to undertake any future drilling campaigns. In the meantime, soil sampling activities will continue on an ad-hoc basis at Creswick given that the Board’s primary focus is on building the Company’s North Queensland exploration assets at Lolworth and Hurricane. Nonetheless, Creswick is still considered an key asset within the ECR portfolio.

PREVIOUS SOIL SAMPLING ACCOMPANYING PROJECT AREA

The results today compliment previously reported soil sampling results across ECR’s Creswick tenements from exploration campaigns undertaken throughout 2021-2022. The primary focus at Creswick remains along strike at the Dimocks Main Shale trend (DMS) and parallel mineralised systems which are believed to extend south towards the historic mining centre of Ballarat. These mineralised systems are also believed to be the source of the historic rich alluvial gold (>70 tonnes) shed into the adjacent creeks and ancient river beds and mined over the last century. Previous announcements regarding sampling along strike of the mineralised trends can be found below:

• Davey Road Prospect - 22 December 2022 here

• Bush Inn Road Prospect – 17 April 2023 here

• Kuboid Hill and Mills Reef – 2 May 2023 here

REVIEW OF ANNOUNCEMENT BY QUALIFIED PERSON

This announcement has been reviewed by Adam Jones, Technical Director of Exploration at ECR Minerals plc. Adam Jones is a professional geologist and is a Member of the Australian Institute of Geoscientists (MAIG). He is a qualified person as that term is defined by the AIM Note for Mining, Oil and Gas Companies.

FOR FURTHER INFORMATION, PLEASE CONTACT:

ECR Minerals plc		Tel: +44 (0) 20 7929 1010
David Tang, Non-Executive Chairman Andrew Haythorpe, CEO
Email: info@ecrminerals.com
Website: www.ecrminerals.com
WH Ireland Ltd		Tel: +44 (0) 207 220 1666
Nominated Adviser Katy Mitchell / Andrew de Andrade
SI Capital Ltd		Tel: +44 (0) 1483 413500
Broker
Nick Emerson
Novum Securities Limited		Tel: +44 (0) 20 7399 9425
Broker Jon Belliss
Brand Communications		Tel: +44 (0) 7976 431608
Public & Investor Relations
Alan Green

ABOUT ECR MINERALS PLC

ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd ("MGA") has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, has six licence applications outstanding which includes one licence application lodged in eastern Victoria. (Tambo gold project). MGA is currently drilling at the Bailieston Blue Moon Project (EL5433) and undertaking geochemical exploration on the Creswick (EL6148) project and has an experienced exploration team with significant local knowledge in the Victoria Goldfields and wider region.

ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd ("LUX") which has three approved exploration permits covering 946 km² over a relatively unexplored area in Queensland, Australia.

Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX-V: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX-V: LVX), Mercator Gold Australia Pty Limited has the right to receive up to A$2 million in payments subject to future resource estimation or production from projects sold to Fosterville South Exploration Limited.

ECR holds a 90% interest in the Danglay gold project; an advanced exploration project located in a prolific gold and copper mining district in the north of the Philippines, which has a 43-101 compliant resource. ECR also holds a royalty on the SLM gold project in La Rioja Province, Argentina and can potentially receive up to US$2.7 million in aggregate across all licences.

APPENDIX 1

Table 1. List of all gold results from the Creswick, Quartz Hill soil sampling grid. Locations are listed in GDA94, Zone 54 co-ordinates. Gold results listed in ppb and ppm where (1000 ppb = 1ppm).

SampleID	Easting (GDA94, Zone 54)	Northing (GDA94, Zone 54)	Au (ppb)	Au (ppm)
CQH001	757984	5856502	27	0.027
CQH002	757999	5856499	19	0.019
CQH003	758013	5856497	53	0.053
CQH004	758028	5856495	3	0.003
CQH005	758043	5856492	1	0.001
CQH006	758058	5856490	1	0.001
CQH007	758061	5856474	1	0.001
CQH008	758046	5856477	2	0.002
CQH009	758031	5856479	4	0.004
CQH010	758016	5856481	13	0.013
CQH011	758002	5856484	9	0.009
CQH012	757987	5856486	24	0.024
CQH013	757975	5856473	9	0.009
CQH014	757990	5856471	9	0.009
CQH015	758005	5856468	5	0.005
CQH016	758019	5856466	5	0.005
CQH017	758034	5856463	1	0.001
CQH018	758049	5856461	1	0.001
CQH019	758051	5856446	1	0.001
CQH020	758037	5856448	2	0.002
CQH021	758022	5856451	2	0.002
CQH022	758007	5856453	8	0.008
CQH023	757992	5856455	9	0.009
CQH024	757977	5856458	6	0.006
CQH025	757966	5856444	4	0.004
CQH026	757981	5856442	3	0.003
CQH027	757996	5856440	2	0.002
CQH028	758011	5856437	2	0.002
CQH029	758026	5856435	1	0.001
CQH030	758040	5856432	1	0.001
CQH031	758043	5856417	4	0.004
CQH032	758028	5856419	1	0.001
CQH033	758013	5856421	1	0.001
CQH034	757998	5856424	1	0.001
CQH035	757984	5856426	1	0.001
CQH036	757969	5856428	1	0.001
CQH037	757958	5856416	3	0.003
CQH038	757972	5856413	1	0.001
CQH039	757987	5856411	7	0.007
CQH040	758002	5856408	5	0.005
CQH041	758017	5856406	1	0.001
CQH042	758032	5856404	1	0.001
CQH043	758036	5856388	2	0.002
CQH044	758021	5856390	6	0.006
CQH045	758006	5856392	8	0.008
CQH046	757991	5856395	18	0.018
CQH047	757976	5856397	42	0.042
CQH048	757961	5856400	7	0.007
CQH049	757964	5856384	12	0.012
CQH050	757978	5856382	41	0.041
CQH051	757993	5856380	38	0.038
CQH052	758008	5856377	4	0.004
CQH053	758023	5856375	2	0.002
CQH054	758019	5856361	5	0.005
CQH055	758004	5856363	7	0.007
CQH056	757989	5856365	4	0.004
CQH057	757974	5856368	56	0.056
CQH058	757959	5856370	10	0.01
CQH059	757944	5856372	27	0.027
CQH060	757948	5856357	9	0.009
CQH061	757963	5856354	38	0.038
CQH062	757978	5856352	24	0.024
CQH063	757993	5856350	8	0.008
CQH064	758007	5856347	10	0.01
CQH065	758022	5856345	5	0.005
CQH066	758010	5856332	3	0.003
CQH067	757995	5856334	10	0.01
CQH068	757980	5856337	4	0.004
CQH069	757965	5856339	7	0.007
CQH070	757951	5856341	3	0.003
CQH071	757936	5856344	318	0.318
CQH072	757939	5856328	85	0.085
CQH073	757953	5856326	9	0.009
CQH074	757968	5856324	7	0.007
CQH075	757983	5856321	11	0.011
CQH076	757998	5856319	16	0.016
CQH077	758013	5856317	2	0.002
CQH078	758001	5856303	36	0.036
CQH079	757986	5856306	3	0.003
CQH080	757971	5856308	3	0.003
CQH081	757957	5856310	4	0.004
CQH082	757942	5856313	3	0.003
CQH083	757927	5856315	18	0.018
CQH084	757923	5856301	2	0.002
CQH085	757937	5856298	6	0.006
CQH086	757952	5856296	10	0.01
CQH087	757989	5856290	56	0.056
CQH088	758004	5856288	18	0.018
CQH089	757992	5856275	14	0.014
CQH090	757977	5856277	6	0.006
CQH091	757963	5856279	5	0.005
CQH092	757948	5856282	10	0.01
CQH093	757933	5856284	3	0.003
CQH094	757918	5856286	3	0.003
CQH095	757921	5856271	3	0.003
CQH096	757936	5856269	3	0.003
CQH097	757951	5856266	14	0.014
CQH098	757965	5856264	5	0.005
CQH099	757980	5856262	9	0.009
CQH100	757995	5856259	5	0.005
CQH101	757984	5856246	4	0.004
CQH102	757969	5856248	3	0.003
CQH103	757954	5856251	4	0.004
CQH104	757939	5856253	8	0.008
CQH105	757924	5856255	10	0.01
CQH106	757909	5856258	5	0.005
CQH107	757913	5856242	9	0.009
CQH108	757927	5856240	9	0.009
CQH109	757942	5856238	7	0.007
CQH110	757957	5856235	9	0.009
CQH111	757972	5856233	3	0.003
CQH112	757987	5856230	1	0.001
CQH113	757975	5856217	4	0.004
CQH114	757960	5856220	2	0.002
CQH115	757945	5856222	7	0.007
CQH116	757930	5856224	21	0.021
CQH117	757916	5856227	7	0.007
CQH118	757901	5856229	6	0.006
CQH119	757904	5856213	6	0.006
CQH120	757919	5856211	6	0.006
CQH121	757933	5856208	15	0.015
CQH122	757948	5856206	4	0.004
CQH123	757963	5856204	5	0.005
CQH124	757978	5856201	3	0.003
CQH125	757966	5856188	2	0.002
CQH126	757951	5856191	4	0.004
CQH127	757936	5856193	15	0.015
CQH128	757922	5856196	20	0.02
CQH129	757907	5856198	15	0.015
CQH130	757892	5856200	7	0.007
CQH131	757895	5856185	6	0.006
CQH132	757909	5856182	10	0.01
CQH133	757924	5856180	32	0.032
CQH134	757939	5856178	7	0.007
CQH135	757954	5856175	5	0.005
CQH136	757969	5856173	10	0.01
CQH137	757957	5856160	49	0.049
CQH138	757943	5856162	18	0.018
CQH139	757928	5856164	20	0.02
CQH140	757913	5856167	27	0.027
CQH141	757898	5856169	9	0.009
CQH142	757883	5856172	4	0.004
CQH143	757879	5856157	15	0.015
CQH144	757894	5856154	7	0.007
CQH145	757908	5856151	2	0.002
CQH146	757923	5856147	17	0.017
CQH147	757937	5856144	7	0.007
CQH148	757952	5856141	6	0.006
CQH149	757967	5856137	4	0.004
CQH150	757981	5856134	3	0.003
CQH151	757996	5856131	7	0.007
CQH152	758008	5856128	4	0.004
CQH153	758003	5856114	3	0.003
CQH154	757989	5856117	5	0.005
CQH155	757974	5856120	6	0.006
CQH156	757960	5856124	2	0.002
CQH157	757945	5856127	5	0.005
CQH158	757930	5856130	7	0.007
CQH159	757916	5856134	4	0.004
CQH160	757901	5856137	3	0.003
CQH161	757886	5856140	2	0.002
CQH162	757875	5856143	4	0.004
CQH163	757833	5856140	4	0.004
CQH164	757848	5856136	6	0.006
CQH165	757862	5856132	4	0.004
CQH166	757877	5856129	5	0.005
CQH167	757892	5856125	7	0.007
CQH168	757906	5856122	7	0.007
CQH169	757921	5856118	5	0.005
CQH170	757935	5856115	185	0.185
CQH171	757950	5856111	11	0.011
CQH172	757964	5856108	22	0.022
CQH173	757979	5856104	32	0.032
CQH174	757994	5856101	41	0.041
CQH175	758011	5856096	6	0.006
CQH176	757995	5856085	41	0.041
CQH177	757980	5856089	13	0.013
CQH178	757966	5856092	7	0.007
CQH179	757951	5856096	6	0.006
CQH180	757937	5856099	4	0.004
CQH181	757922	5856103	4	0.004
CQH182	757907	5856106	2	0.002
CQH183	757893	5856110	6	0.006
CQH184	757878	5856113	2	0.002
CQH185	757864	5856117	1	0.001
CQH186	757849	5856120	2	0.002
CQH187	757835	5856124	2	0.002
CQH188	757819	5856128	2	0.002
CQH189	757829	5856112	17	0.017
CQH190	757841	5856109	1	0.001
CQH191	757852	5856107	7	0.007
CQH192	757864	5856104	1	0.001
CQH193	757876	5856101	1	0.001
CQH194	757887	5856098	4	0.004
CQH195	757899	5856095	2	0.002
CQH196	757911	5856092	1	0.001
CQH197	757922	5856089	2	0.002
CQH198	757934	5856087	1	0.001
CQH199	757946	5856084	1	0.001
CQH200	757957	5856081	1	0.001
CQH201	757969	5856078	4	0.004
CQH202	757985	5856074	1	0.001
CQH203	757954	5856065	1	0.001
CQH204	757943	5856068	1	0.001
CQH205	757931	5856070	1	0.001
CQH206	757919	5856073	72	0.072
CQH207	757908	5856076	111	0.111
CQH208	757896	5856079	23	0.023
CQH209	757884	5856081	4	0.004
CQH210	757873	5856084	3	0.003
CQH211	757861	5856087	30	0.03
CQH212	757849	5856090	1	0.001
CQH213	757838	5856093	2	0.002
CQH214	757826	5856095	8	0.008
CQH215	757814	5856098	1	0.001
CQH216	757819	5856080	22	0.022
CQH217	757831	5856077	6	0.006
CQH218	757842	5856074	1	0.001
CQH219	757854	5856072	1	0.001
CQH220	757866	5856069	2	0.002
CQH221	757878	5856066	5	0.005
CQH222	757889	5856064	1	0.001
CQH223	757901	5856061	1	0.001
CQH224	757913	5856058	3	0.003
CQH225	757924	5856055	4	0.004
CQH226	757936	5856053	1	0.001
CQH227	757948	5856050	11	0.011
CQH228	757959	5856047	1	0.001
CQH229	757973	5856025	1	0.001
CQH230	757961	5856028	1	0.001

View source version on businesswire.com: https://www.businesswire.com/news/home/20230720220291/en/

Contacts

ECR Minerals plc