ECR Minerals recommencing activity at SLM gold project

ECR Minerals updated the market regarding the SLM gold project in La Rioja, Argentina on Friday.

The AIM-traded company said the SLM gold project is 100% held by ECR’s wholly owned Argentine subsidiary Ochre Mining.

It said the project comprises three key prospects - El Abra, JV and Maestro Agüero.

The board confirmed it had decided to recommence on-the-ground activities to advance the SLM project, with drilling at El Abra and JV14 planned for later in 2017

An exploration target had been determined for the El Abra prospect and JV14 zone in accordance with the JORC Code, it confirmed.

It said the decision to recommence work at the SLM project has been taken following a visit to Argentina in December 2016 by three of the directors - CEO Craig Brown, COO Ivor Jones, and non-executive director Christian Dennis.

The visit reportedly included site inspections at the El Abra and Maestro Agüero prospects, as well as discussions with the provincial government in La Rioja and several of Ochre’s former staff members and consultants.

“Our December 2016 visit to Argentina was a highly productive one - it enabled the directors to confirm that the SLM gold project is of significant prospectivity, and that following the change of national government in late 2015, Argentina and the SLM project are worthy of ECR’s attention,” said CEO Craig Brown.

“We look forward to reestablishing ECR’s presence on the ground in southern La Rioja Province and to reporting back to shareholders regarding progress.”