THEMAC Resources Provides Initial Results of 2011 Copper Flat Project Drilling Programme

THEMAC Resources Provides Initial Results of 2011 Copper Flat Project Drilling Programme

ECR Minerals plc

ECR Minerals plc is pleased to draw attention to the news release made on 17 November 2011 by THEMAC Resources Group Ltd (“THEMAC”) in which THEMAC provided initial results from its 2011 drilling programme at the Copper Flat copper-molybdenum-gold-silver project in New Mexico, USA.

Highlights

- Results from 8 of 16 completed diamond core holes announced by THEMAC; a programme of 47 holes has been permitted and drilling is to continue in 2012

- 2011 drilling was targeted to confirm existing grades, step out laterally and to depth to test for potential to increase the resources of the deposit, and confirm and expand high grade mineralised areas

- Data will be incorporated into the Copper Flat project prefeasibility study due to be completed in the first quarter of 2012

- Results show 102 intervals grading greater than or equal to 0.65% copper, with a high of 2.26% copper; and 34 gold intercepts with values of greater than or equal to 300ppb gold (0.3g/t), with a high of 1,050ppb gold (1.05g/t)

Table 1 - Selected intervals

Hole ID		Interval (ft.)		Length (ft.)		Gold (ppb)		Silver (ppm)		Copper (%)		Molybdenum (%)
CF-11-01		0 to 22		22		265		8.7		1.02		0.007
		140.5 to 225		84.5		331		7.1		1.05		0.018
		240 to 309.7		69.7		169		5.8		0.97		0.019
CF-11-01b		0 to 25		25		304		11.3		1.44		0.030
		117.1 to 160.4		43.3		226		6.6		0.70		0.011
		179 to 194		15		190		11.6		1.18		0.023
		209.2 to 241.5		32.3		163		3.8		0.73		0.024
		263.5 to 282		18.5		437		5.9		0.93		0.029
		315 to 345		30		213		7.4		1.09		0.012
		385 to 400		15		193		9.3		1.50		0.013
		672.6 to 725		52.4		580		7.0		0.97		0.032
CF-11-03		277.9 to 336.8		58.9		189		4.6		0.80		0.027
CF-11-04		5 to 45		40		165		3.6		0.98		0.058
		80 to 90		10		197		4.1		1.07		0.653
		168 to 178		10		244		4.6		1.05		0.038
CF-11-07		93.7 to 113		19.3		215		3.2		0.71		0.012
		418 to 428		10		192		6.1		1.03		0.006

Table 2 - Average grade for each hole from surface to total depth

Hole ID		Interval (ft.)				Average grades
		From		To		Copper (%)		Molybdenum (%)		Gold (oz/st)		Silver (oz/st)
CF-11-01		0.0		309.7		0.695		0.011		0.006		0.156
CF-11-01B		0.0		1110.5		0.464		0.027		0.004		0.098
CF-11-02		0.0		1097.0		0.174		0.004		0.002		0.039
CF-11-03		0.0		1154.1		0.297		0.010		0.003		0.061
CF-11-04		0.0		811.9		0.388		0.038		0.003		0.058
CF-11-05		0.0		1200.0		0.225		0.012		0.002		0.039
CF-11-06		0.0		1176.6		0.194		0.006		0.002		0.054
CF-11-07		0.0		1098.0		0.306		0.008		0.002		0.044

The full release made by THEMAC can be viewed on SEDAR (www.sedar.com). The figures and highlights above have been extracted from the release made by THEMAC and should be read and interpreted in conjunction with it.

THEMAC holds a 100% ownership interest in the Copper Flat project having purchased an exclusive option over the project from ECR in March 2011 and completed the exercise of this option in May 2011.

Patrick Harford, Managing Director of ECR Minerals plc, comments:

“These initial results from drilling by THEMAC at Copper Flat are highly encouraging, with all holes exhibiting average grades from surface to total depth that are of economic interest.

Of the 8 holes for which results were reported, all 8 returned average copper grades from surface to total depth that are significantly higher than the cut-off grade of 0.12% copper at which Copper Flat’s NI43-101 resources have been estimated, and in 4 holes the average copper grade from surface to total depth substantially exceeds the deposit’s present indicated resource grade of 0.303% copper.

Moreover, a number of high grade intervals were reported at shallow depth. This high grade ore should be particularly valuable to the proposed mining operation, allowing early capital payback and enhancing the net present value of the project.”

ECR’s Interest in THEMAC

ECR currently has a holding of 14.35 million shares and 14.35 million warrants of THEMAC, which is listed on the TSX Venture Exchange (code: MAC). ECR’s holding is equivalent to approximately 19% of THEMAC’s issued shares (21% fully diluted). All the warrants held by ECR are exercisable at C$0.28 per share; 3.85 million warrants are valid until 3 May 2013 and the remaining 10.5 million warrants are valid until 4 March 2016. The closing price of THEMAC shares on 18 November 2011 was C$0.77.

About ECR Minerals plc

ECR is a mineral development company with interests in the USA, Argentina, Indonesia, Thailand and Australia.

For further information please contact:
ECR Minerals plc				Tel: [phone]
Michael Silver, Chairman
Patrick Harford, Managing Director
Stephen Clayson, Director & Chief Financial Officer
Luca Tenuta, Non-Executive Director
Email: [e-mail]
Website: www.ecrminerals.com
Daniel Stewart & Company plc				Tel: [phone]
Oliver Rigby/Tessa Smith
Old Park Lane Capital plc				Tel: [phone]
Michael Parnes
Blythe Weigh Communications				Tel: [phone]
Ana Ribeiro
Barry Kaplan Associates				Tel: [phone]
Larry Kaplan

Glossary

g/t: grams per metric tonne

m: metre

oz/st: troy ounces per short ton

ppb: parts per billion

ppm: parts per million