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ECR Minerals turns down farm-in offer for Windidda in Western Australia

The Aussie-focused gold group said the approach came from a listed exploration company.

ECR Minerals PLC -

ECR Minerals PLC (LON: ECR) has turned down a farm-in offer for its Windidda gold project in Western Australia.

The Aussie-focused gold group said the approach came from a listed exploration company and it was encouraged by the interest being shown at such an early stage for the project.

At Windidda, ECR has submitted applications for 1,600sq km of acreage in the Yilgarn Craton through nine exploration licences.

All nine licences have now been advertised in line with the local requirements, said ECR.

In Victoria, a further 113 samples from Creswick have been sent for lab testing. Results in August showed higher levels of gold than the initial samples.

At Balieston, also in Victoria, talks are ongoing over access to continue drilling at Blue Moon to the west where ECR believes gold mineralisation might intensify.

Blue Moon is ECR’s flagship prospect and was declared a discovery in May following a drilling programme that hit grades of up to 17.87g/t.

Craig Brown, chief executive, said: “During the summer months the ECR team have been heads down and working hard across multiple areas of the business and we expect to be able to provide multiple updates in respect of field exploration and corporate development activities across our business in the near future."

Quick facts: ECR Minerals PLC

Price: 0.6 GBX

AIM:ECR
Market: AIM
Market Cap: £2.71 m
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