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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Golden Snag, Julius North, Lowlands | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-12-2017: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Golden Snag, Julius North, Lowlands deposit at the Yandal project. Drilling results incl. 6m @ 7.55g/t Au from 38m. Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the C | |
| Resources: | (Reserve, P+P): 15.6Mt @ 1.7g/t Au for 856Koz Au contained | |
| CP/QP: | [Overall Report]: Simon Coxhell (Internal) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to advise it has rounded out its 2017 Yandal Gold Project exploration program with a further series of positive results as it continues to work towards a potential re-development of the Bronzewing Processing Hub. Results have been returned from discovery drilling at Golden Snag, reconnaissance drilling at Julius North and detailed 1 metre assays from Lowlands. The Company is now planning the 2018 field season to build on the success of 2017 where Echo’s global Yandal resource base increased to 1.7 million ounces. The Company also delivered an ore reserve of 15.6Mt @ 1.7 g/t Au reserve containing 856,000 ounces for an 8.5-year mine life, which is forming the basis of a Bankable Feasibility Study due for completion early 2018. Echo’s Chief Executive Officer, Simon Coxhell, commented: “The exploration team deserves recognition for what has been a stellar year and we are full of confidence going into 2018. These additional exploration results continue to highlight the prospectivity of our tenement holding in the Yandal greenstone belt, and support our strategy and belief that there is plenty of exploration upside in the region. Our priorities for 2018 are the completion of the Bankable Feasibility Study so we have a pathway to production and continue to expand our resource and reserve base with quality ounces.” | |
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