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Echo Resources Ltd.
Summary
| Project: | Bronzewing | |
|---|---|---|
| Deposit: | Lowlands, Gold Alley, Sundowner | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-11-2017: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Lowlands, Gold Alley, Sundowner deposit at the Bronzewing project. Drilling results incl. 22m @ 3.85g/t Au from 20m. Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the C | |
| Resources: | (Resource, P+P): 0.87Mt @ 2.4g/t Au for 68100oz Au contained at Julius prospect | |
| CP/QP: | [Overall Report]: Simon Coxhell (Internal) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to release the first results from its recent aircore (‘AC’) drilling campaign at the Yandal gold project. The Company recently embarked on a 193 hole, 9150 metre AC drilling program to test numerous areas from the conceptual structural target at Gold Alley, early bronwfields target at Sundowner, to the advanced target at the Lowlands gold prospect (Figure 1). This is in line with Echo’s three-pronged exploration strategy that aims to deliver quality gold resources, while exploring for the next major discovery. Echo’s Chief Executive Officer, Simon Coxhell, said the results are a prime example of Echo’s ability to define quality ounces, while embarking on genuine greenfields exploration to discover the next major gold system. “Generated from a smart acquisition, and with minimal expenditure by Echo, we are confident that Lowlands has the potential to add quality reserve ounces within trucking distance of the Bronzewing processing hub. “Meanwhile we are conducting grass-roots, conceptual and early brownfields exploration in the background. The results from Sundowner begin to highlight a significant geochemical halo in the regolith profile that is hidden by transported material. A similar prospect called Cyclonix is situated nearby and results such as these start to give us real understanding of the size of the system and what they may mean for deep drilling in the future. A ground gravity survey is currently taking place over the area and will provide valuable insight into the structure of the subsurface.” | |
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