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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Mt Joel | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 21-12-2018: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Mt Joel deposit at the Yandal project. Drilling results incl. 20m @ 5.56g/t Au from 33m. Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to anno | |
| Resources: | (Reserve, P+P): 15.6Mt @ 1.7g/t Au for 856Koz Au contained | |
| CP/QP: | [Overall Report]: James Warren (Not stated) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to announce the latest results from air core (AC) drilling at the Mt Joel (70% Echo) gold district within the Yandal Gold Project. Drilling at Mt Joel is part of Echo’s strategy to add incremental, near surface ounces to further enhance a planned restart of the Bronzewing processing facility in 2019. Echo is undertaking an aggressive drilling program in the Mt Joel district to delineate quality, near surface, oxide ounces. The AC program was designed to define and extend mineralisation observed in historical drill-hole data and ultimately delineate an updated JORC-2012 compliant resource for the project. RC resource definition drilling is currently being undertaken to in-fill gaps in the drilling database with the view to define ‘Indicated’ resources within the Mt Joel resource inventory. Initial results from drilling have provided confidence that there exists potential to define significant, openpittable resources over several satellite pits in the Mt Joel district. Concurrently, hydrogeological studies and geotechnical drilling are being undertaken to provide the option for Mt Joel to be brought into the life-of-mine plan as soon as possible. | |
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