ECR Minerals said that drilling at the Black Cat gold prospect in Australia's Victoria state had commenced, with the first two holes already completed.
Composite samples representing 4m down-hole lengths would be compiled from drill cuttings and sent to be assayed for gold.
After receipt of the assay results, composites returning anomalous gold grades would be re-sampled and re-sent for assay.
The assay turnaround time was estimated to be two-to-six weeks.
At 2:42pm: (LON:ECR) ECR Minerals PLC share price was -0.02p at 0.88p