ECR Minerals has confirmed the presence of gold mineralisation at the El Abra prospect within the company's Sierra de las Minas gold project area in La Rioja Province, Argentina.
The announcement follows chemical assays carried out by AcmeLabs laboratory.
ECR Minerals managing director Patrick Harford said the results confirmed the presence at depth of high grade gold mineralisation within quartz veining over a 500m strike length, which remains open along strike and down dip.
"Further drilling is merited at El Abra in order to better define the mineralisation encountered and, dependent on the success of such drilling, to obtain sufficient data to complete an initial resource estimate," said Harford.
"In light of the structural and geological complexity of the El Abra mineralisation and in order to obtain maximum value from future drilling the Company intends to complete a detailed structural study along with additional surface geochemical sampling before planning a second drilling programme.
"This work will enable a better understanding of the style and orientation of the mineralisation at El Abra ahead of further drilling."
The mine was drilled to a total depth of 1,112m and a 13th hole was completed in addition to the 12 holes originally planned by the company.
The company said that all 13 holes were targeted to test the continuity, which has confirmed high grade gold mineralisation over a strike length of about 500m on the principal vein/shear at El Abra.
The results found the best intersection of programme is 3.9m downhole at 11.6g/t Au in hole nine, including 0.2m at 109.1g/t Au.
Image: Assay results confirmed high grade gold in the El Abra prospect; Photo:Jurema Oliveira