ECR Minerals is considering the extent to which it may carry out further exploration at the Danglay project in the Philippines following publication of a technical resource report.
Last month, the company announced the first resource estimate for the site, previously known as the Itogon project, which showed it contains 1.2 million ounces of oxide ore grading 1.6 grams/tonne (g/t) for 60,500 ounces in the inferred category.
A new conceptual exploration target sees between 600,000 tonnes grading 5 g/t for 95,000 ounces and 700,000 tonnes at 7.5 g/t for 170,000 ounces.
During the process of completing the report, three areas of oxide mineralization - Danglay Ridge, Hillside and Bito - were identified.
ECR’s CEO Stephen Clayson said, “The technical report makes detailed recommendations for further exploration at the Danglay project, with a budget of US$775,000. The directors are considering the extent to which these recommendations may be implemented by ECR and a further announcement will be made in due course.”
ECR is operator of the Danglay project with the right to earn a 50% interest therein, pursuant to an earn-in and joint venture agreement between ECR, Tiger International Resources and Cordillera Tiger Gold Resources.
Danglay is on the northern island of Luzon and about 14km southeast of Baguio City. It lies within the prolifically gold-copper mineralized Baguio District. The project has a history of artisanal mining which continues on a very small scale. Local miners extract weathered and oxidized quartz veins from a series of near surface shallow adits and process the material onsite using very small scale mills, and rudimentary gravity and cyanide leach recovery techniques.