Eros Resources Corp V.ERC

Alternate Symbol(s): EROSF

Metals & Mining Industrial Metals & Minerals

Eros Resources Corp. is a Canada-based company, which is engaged in the identification, acquisition, and exploration of advanced-stage projects with a North American focus. In addition, the Company plans to make strategic investments with a global focus on a diverse commodity base. It operates in two business segments: the exploration and development of mineral resource properties and investing in marketable securities with a focus on commodities, with operations and long-term assets in the United States and Canada. Its Bell Mountain Project consists of unpatented mining claims that are located on federal lands. The Bell Mountain Project is located in Reno, Nevada in the Fairview mining district, which is comprised of four gold and silver resource deposits, namely the Spurr, Varga, Sphinx and East Ridge deposits. The Company has a 100% interest in six claim groups in the Athabasca Northern Basin of Saskatchewan. It also has interests in the Hatchet Lake and Murphy Lake properties.

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Eros Resources Corp

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Post by phoenix_traderon Jan 13, 2021 1:24pm

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Post# 32285948

ERC investee Southern Empire starts drilling

Southern Empire's contractor, Canyon State Earthworks LLC of Yuma, Ariz., is now demobilizing from site and the drill contractor, Yellow Jacket Drilling Services LLC, is expected to arrive at the Oro Cruz property on Jan. 19, 2021; please see Southern Empire's news release dated Nov. 17, 2020, for details concerning the phase 1 sonic drill program.

Oro Cruz gold project -- phase 1 sonic drill program highlights

Road construction and drill pad preparation completed for phase 1;
Fully permitted for 27 sonic drill holes;
Approximately 470 metres (1,542 feet) of sonic drilling are expected to start in mid-January;
Gold assay results from 2020 surface sampling of the historical heap materials ranged from 0.128 gram gold per tonne to 2.078 grams gold per tonne (0.004 ounce per ton to 0.061 ounce per ton gold); for details, please see Southern Empire's news release of July 7, 2020;
Sonic drilling is intended to confirm and determine the consistency of gold mineralization remaining in the historical American Girl and Padre y Madre heap leach pad materials;
American Girl historical heap leach pad covers approximately 24.7 hectares (61 acres);
Padre y Madre historical heap leach pad covers approximately 8.9 hectares (22 acres);
Samples collected will provide for metallurgical test work to optimize possible gold extraction methods;
Sonic drill program is expected to be completed approximately two weeks after starting.