– UK, London – ECR Minerals plc (LON: ECR), the exploration and development company focused on gold in Australia, today announced the appointment of current Executive Director Nick Tulloch as Chairman of the Board of Directors, replacing David Tang who stepped down as Chairman but remains on the board as a non-executive director.
Nick Tulloch, Chairman, said: “My thanks to David who has led ECR through a very challenging period with great diligence and commitment. I was honoured that he asked me to take over as Chairman. We have been implementing a number of changes to ECR in recent months and there is still a great deal to accomplish. As we move into this next phase, I am pleased that we will continue to benefit from David’s wise counsel and detailed knowledge of our operations.”
About ECR Minerals
ECR Minerals is a mineral exploration and development company. ECR’s wholly owned Australian subsidiary Mercator Gold Australia Pty Ltd has 100% ownership of the Bailieston and Creswick gold projects in central Victoria, Australia, and has eight active exploration tenements and two in application (Ballarat and Tambo).
ECR also owns 100% of an Australian subsidiary LUX Exploration Pty Ltd, which has three approved exploration permits covering 946 km2 over a relatively unexplored area in Lolworth Range, Queensland, Australia. The Company has also submitted a license application at Kondaparinga which is approximately 120km2 in area and located within the Hodgkinson Gold Province, 80km NW of Mareeba, North Queensland.
Following the sale of the Avoca, Moormbool and Timor gold projects in Victoria, Australia to Fosterville South Exploration Ltd (TSX: FSX) and the subsequent spin-out of the Avoca and Timor projects to Leviathan Gold Ltd (TSX: 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 licenses.
SOURCE: https://www.ecrminerals.com/
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