ECR Minerals' Itogon project delivers encourgaing ore grades
ECR Minerals' latest trenching results have indicated further propsecitivty at its Itogon project in the Phillipines.
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The weighted average grade from the 13 trenches across the site was 1.38g per tonne. Trench nine yielded the best results, with 2.57g per tonne.
Chief executive Stephen Clayson said the results were testimony to a wide, supergene-enriched oxide gold blanket occurring from surface at the main prospect.
However, deeper targets exceeding 100 metres are also set for exploration, once further geological data is analysed.
While ECR is currently funding and managing operations, Tiger International will remain a joint venture partner until the companies are granted separate mining licenses.