Analyst Research Report Snapshot

Title:

ECR MINERALS - EL ABRA ASSAY RESULTS

Price:

$10.00

Provider:

Edison Investment Research

Date:

07 Jun 2012

Pages:

11

Type:

AcrobatPDF

Companies referenced:

ECRE.L

Available for Immediate Download
Summary:

ECR Minerals has completed a 1,112m drill programme comprising 13 drill holes, at its 100%-owned El Abra prospect in La Rioja, Argentina. The best mineralised intersections were 3.9m at 11.6g/t Au, including 0.2m at 109.1g/t (DDH 9) and 3.0m at 21.5g/t, including 50.0g/t over 1.0m (DDH 2). Mineralisation remains open in all directions and the assay results confirm mineralisation at depth. While these are significant results, it is still too early for a resource valuation and more detailed work is required. However, ECR does have 21% fully diluted interest in the Copper Flat project (THEMAC Resources), which recently released an updated compliant resource statement and forms the basis of our valuation.

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