12th Oct 2022 08:25
ECR Minerals PLC - gold exploration and development company focused on Australia - On Tuesday says its USD402,957 purchase of a new multi-purpose drilling rig, Cortech CMR1000, is now complete. Says the completion follows the agreement of a discount, which the firm says is "competitive and attractive" without providing details. Says arrangements are currently being made for the rig to be loaded onto a ship for delivery to Melbourne Port.
ECR Chief Executive Officer Andrew Haythorpe says: "I believe the new Cortech, multi-purpose rig will significantly enhance our on-the-ground capabilities, offering both [reverse circulation] and diamond drilling systems."
Current stock price: 0.62 pence
12-month change: down 62%
By Xindi Wei; [email protected]
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