ECR also owns the Sierra de las Minas gold project in La Rioja Province, Argentina and a 21% stake in copper play THEMAC Resources.
ECR Minerals (LON:ECR) has confirmed it is considering selling its 70% stake in Gold Crest Holdings.
GCH owns ACS Asia, a metal products manufacturer in Thailand.
“The company confirms that it is in negotiations with regard to the sale of its shareholding in Gold Crest,” the company said in a stock exchange statement.
“However there can be no assurance that these negotiations will be successfully concluded.
“The negotiations have been entered into in accordance with ECR’s previously notified strategy, one element of which is to reduce the complexity of the company’s operations by disposing of non-core interests.”
ECR also owns the Sierra de las Minas gold project in La Rioja Province, Argentina and a 21% stake in THEMAC Resources, which is focused on the redevelopment of the Copper Flat porphyry deposit in New Mexico.