ECR Minerals Updates on Unchimé Iron Ore Project
ECR Minerals has got additional 60 days from the date of paying a US$1.3 million of cash to the Unchimé iron ore project’s proprietors in Argentina, to obtain a 70% primary possession interest in the Unchimé project.
The company needs extra time for proper due diligence completion on the project and has made a decision about continuing the acquisition.
The company has completed the diamond drill campaign at the Unchimé project in September and has examined the obtained core samples, though this process has been postponed because of the accumalation of samples globally at proper laboratories. Additionally, the company has been continuing the metallurgical test work program execution on the samples obtained from the Unchimé project.
At present, ECR has to pay US$1.3 million to the project holder for purchasing a primary 70% interest in the project within December 2011, subsequently by paying an amount of US$500,000 additionally for not above 7 months from the earlier payment date.
ECR Minerals’ MD has commented that the company is performing a comprehensive due diligence on the project compliant with the significant nature of the planned purchase. ECR is obliged to the current project proprietors for giving extra time.
Written by
Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.
Please use one of the following formats to cite this article in your essay, paper or report:
APA
Scanlon, Joel. (2019, February 18). ECR Minerals Updates on Unchimé Iron Ore Project. AZoMining. Retrieved on February 02, 2026 from https://www.azomining.com/News.aspx?newsID=5076.
MLA
Scanlon, Joel. "ECR Minerals Updates on Unchimé Iron Ore Project". AZoMining. 02 February 2026. <https://www.azomining.com/News.aspx?newsID=5076>.
Chicago
Scanlon, Joel. "ECR Minerals Updates on Unchimé Iron Ore Project". AZoMining. https://www.azomining.com/News.aspx?newsID=5076. (accessed February 02, 2026).
Harvard
Scanlon, Joel. 2019. ECR Minerals Updates on Unchimé Iron Ore Project. AZoMining, viewed 02 February 2026, https://www.azomining.com/News.aspx?newsID=5076.
We're committed to providing free access to quality science. By registering and providing insight into
your preferences you're joining a community of over 1m science interested individuals and help us to
provide you with insightful content whilst keeping our service free.
or
Terms
While we only use edited and approved content for Azthena
answers, it may on occasions provide incorrect responses.
Please confirm any data provided with the related suppliers or
authors. We do not provide medical advice, if you search for
medical information you must always consult a medical
professional before acting on any information provided.
Your questions, but not your email details will be shared with
OpenAI and retained for 30 days in accordance with their
privacy principles.
Please do not ask questions that use sensitive or confidential
information.
Read the full Terms & Conditions.