Electrum Resources
Welcome to the MiningMaven page dedicated to ECR Minerals. From this page you will be able to see all ECR Minerals articles written by MiningMaven and navigate to related pages of interest on other websites.
ECR Minerals plc is a diversified mineral and renewable energy development company which specialises in identifying undervalued projects and structuring them to maximise their development and capital raising potential. ECR Minerals holds a substantial interest in THEMAC Resources Group, a company listed on the TSX Venture Exchange.
The primary objective of THEMAC Resources Group is to return the Copper Flat project, a former producing copper-molybdenum-gold-silver mine located in New Mexico, USA, to commercial production. ECR Minerals also has solar energy interests in New Mexico along with numerous other promising assets elsewhere in the world.
ECR Minerals: Interview with New Director Paul Johnson
Written by MiningMaven
On Friday 13th April ECR Minerals released the results from the first 7 holes from their ongoing 12 hole drilling program at El Abra in the Company's Sierra De Las Minas Gold project in Argentina.
As hoped for, high grade intersections showed in hole 2 with a 3m intersection of 21.5 gpt including 1m at 50gpt. This will no doubt bolster investor confidence in the potential for the Seirra de las Minas, whilst we wait for the results from the remaining 5 holes.
We took the opportunity to speak with Executive Chairman Patrick Harford and in this exclusive MiningMaven podcast interview, he discusses the significance of the latest news. We trust you will find it as informative as we did!
Disclaimer: MiningMaven Principles hold shares in ECR Minerals
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All figures quoted have been obtained from the respective Company websites with links provided where available. Errors & omissions excepted.
This summary represents the views and opinions of MiningMaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation to buy shares in the company featured. All opinions expressed are those of the author/s and unless otherwise stated, should not be construed as being made on behalf of any featured Company. From time to time MiningMaven principals may take equity positions in companies. Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.
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ECR Minerals: Solid Progress at Sierra de las Minas
Written by MiningMaven
On 7th February the Company announced to market a set of highly positive gold metallurgical results from samples from their Sierra de las Minas gold project area in La Rioja Province, Argentina.
With confidence demonstrably growing in the viability of the project and plans to mine and process high grade ore, we took the opportunity to put some investor focused questions to Managing Director Patrick Harford.
ECR Minerals: MD Patrick Harford discusses gold exploration updates from Argentina
Written by MiningMaven
ECR Minerals have recently released two positive exploration updates from their Sierra de las Minas gold project area in La Rioja Province, Argentina, where surface geochemical sampling continues to return high grades. They also announced that the Maestro Agüero prospect has been identified as a high grade quartz vein system with a minimum strike length of 350m.
Preparations for a geophysical survey at El Abra gold prospect are now underway with drilling planned to start within the next 60 days.
ECR Minerals : The Argentinian Iron Ore Opportunity!
Written by MiningMaven
On Tuesday 5th July ECR Minerals (LON:ECR) announced that they had secured an exclusive option to acquire an ownership interest of up to 80% in the Unchimé iron ore project in Salta Province, Argentina.
This news was hot on the heels of the Company’s Interim Results wherein they updated the market with positive progress across their operations and investment portfolio, highlighting a group surplus for the period of £7.4m net of tax and net assets of £14.39m. You can listen to an exclusive interview with the Company here.
The news of this move into iron ore exploration, whilst in keeping with the Company’s overall strategy of aggressive development and growth, looks to mark a significant step-change in their operational activities and in the light of this, we thought it would be good to put some specific questions to MD Patrick Harford. You can see his answers below:
ECR Minerals: Interims Deliver! Interview with Management
Written by MiningMaven
ECR Minerals (LON:ECR) announced their Interim Results for the period ended 31 March 2011, highlights included a group surplus for the period of £7.4m net of tax and net assets of £14.39m.
This increase in NAV was brought about in the main by the successful disposal of the Company’s interest in the Copper Flat project in New Mexico to Kevin Maloney’s THEMAC Resource Group (TSX:MAC). ECR Minerals retains 14.35m shares and 14.35 CA28c warrants in THEMAC, whose shares are currently trading at CA92c (do the maths, as they say - we already have!!).
The Company also provided an update on the legacy issue of the Meekathera Gold project with the successful completion of its acquisition (held by ECR’s 100% subsidiary Mercator Gold Australia, in administration since 2008), by Reed Resources Ltd (ASX: RDR) for AU$650k payable in RDR shares.
On 5th January ECR Minerals announced the acquisition of the El Abra Gold mine in La Rioja Province, Argentina. This new acquisition is in addition to, and complements, the 75,000 hectares of 100% owned exploration licences held by the company in this notable Gold exploration territory.
El Abra has demonstrated high gold grades from earlier exploration and comes as an exploitation licence, enabling the company to move forward with small scale mining and near term gold production should the company’s exploration efforts demonstrate project economics.
We thought it would be a good opportunity to talk to the company to discuss this news in further detail. We hope you enjoy listening.
ECR Minerals: All that glitters..is not only gold!
Written by MiningMaven
Finding value in mining and exploration stocks is not always easy. Firstly, you need to know where to look; and that’s often outside the most obvious places. You also need to recognise that no two investment propositions are ever identical. So it’s rarely, if ever, a case of comparing apples with apples.
Companies who have successfully articulated their value to the market are usually well covered and well supported. Well covered in the sense that there are already a myriad of investor opinions, complimented by broker notes and perhaps, a sprinkling of media articles. And well supported in that discussion boards will wax lyrical on the virtues of the company and how rosy the future is looking.
The Company updated the market today with news that it has acquired a 100% interest in the Sierra de Las Minas and Los Aquirres gold/base metal projects in Argentina; Further expanding their diversified portfolio of projects and investments.
In this exclusive interview, we speak to Managing Director Patrick Harford who tells us about Argentina’s potential as a new frontier mining destination, the rationale behind this Gold project acquisition and its significance to Electrum Resources.
Mercator Gold formally announced this morning that it had changed its name to Electrum Resources and will now be listed under ticker symbol ECR.
For those who have been following the company, this rebranding will no doubt be seen as a more relevant representation of the company’s activities going forward.
But just what are those activities? Well they are diverse to say the least; the company has interests in developments projects and direct investments in Gold and Silver mining, Uranium, Solar Power generation, a substantial Copper project as well as a fast-growing metals manufacturing business in the Far East.
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This summary represents the views and opinions of MiningMaven, has been prepared for information and educational purposes only and should not be considered as investment advice or a recommendation. All opinions expressed are those of the author and unless otherwise stated, should not be construed as being made on behalf of any featured Company. From time to time MiningMaven principals may or may not take an equity position in the said companies. Readers are advised to do their own extensive research before buying shares which, as with all small cap exploration stocks, should be viewed as high risk. Investors should also seek the advice of their investment adviser or stockbroker, as they deem appropriate.
Users may print extracts of content from this blog for their own personal and non-commercial use only. Republication or redistribution of MiningMaven content is expressly prohibited without the prior written consent of MiningMaven. However, linking directly to the MiningMaven blog is permitted and encouraged. All rights reserved. All Logos and Trademarks displayed on this site are the property of the respective trademark owners.
Copyright © MiningMaven 2012
MiningMaven is licensed under a Creative Commons Attribution-Non-Commercial-No Derivative Works 2.0 UK: England & Wales License. Permissions beyond the scope of this license may be available at http://www.miningmaven.com/.
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