ECR Minerals report more copper found in New Mexico



08 December 2011 @ 12:47 pm BST

Additional copper deposits have been found at at a mine in New Mexico in which ECR Minerals has a 19% stake.

It is run by Themac which has provided assay results for a further six holes from its 16-hole 2011 drilling campaign at the Copper Flat copper-molybdenum-gold-silver project in New Mexico in the United States.

The results of eight holes were released last month and the results of the final two two holes are expected later this month.

Patrick Harford, Managing Director of ECR Minerals, commented: "We are extremely happy to see another batch of drill results containing numerous high grade intercepts released by THEMAC.

"Moreover, many of these intercepts are relatively close to surface, which is especially pleasing as high grade material at shallow depth can be mined early in the life of the proposed operation with positive effects on capital payback performance and the project's net present value."

At 12:47pm: (LON:ECR) Euro Capital Projects share price was +0.11p at 1.23p

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