ECR Minerals PLC (LON:ECR) has found nuggety gold mineralisation in its analysis of samples collected earlier this year at the Creswick gold project in Victoria, Australia.

Some of the mineralisation was graded at 63.03 grammes per tonnes of gold. Other grades observed were 2.28 g/t and 0.11 g/t.

READ: ECR Minerals identifies “shallow feasible drill targets” at Windidda gold project

“Creswick is one of five projects owned by ECR within the Victoria goldfields and forms part of what is rapidly becoming a highly significant and strategic portfolio in the region,” said chief executive Craig Brown in the statement.

“We therefore believe there is significant potential upside in the project, and we are now considering how best to build on the results obtained from Creswick to date to create value for ECR shareholders.”