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ECR Minerals secures more due diligence time for Itogon asset

Published: 04:20 26 Jun 2013 AEST

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ECR Minerals (LON:ECR) said the due diligence period for its potential joint venture with Tiger International Resources has been extended.

Details of the earn-in and joint venture agreement with Tiger on the Itogon asset, a gold-silver project in the Philippines. were announced on 29 April, with the due diligence period set to close 60 days after that date; that period has now been extended to 90 days.

ECR said that, although its due diligence is well advanced, more time is necessary to complete all the necessary procedures.

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