ECR Minerals Has Option to Acquire 80% of Unchim Iron Ore Project

IBTimes reports ECR Minerals (LON:ECR,PINK:MTGDY) has an exclusive option to acquire up to 80% in the Unchim iron ore project.

The market news is quoted as saying,

Unchim is a haematite deposit with historic indicated resources of 23.5Mt and historic inferred resources of 372.8Mt across multiple zones with reported grades of 35-45% Fe.