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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Mt Joel | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 30-11-2018: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Mt Joel deposit at the Yandal project. Drilling results incl. 11.0m @ 8.1g/t Au from 58m. Mt Joel Drilling Program Echo is undertaking an aggressive drilling program i | |
| Resources: | (Reserve, P+P): 14.9Mt @ 1.7g/t Au | |
| CP/QP: | [Overall Report]: James Warren (Not stated) | |
| ABSTRACT: | Mt Joel Drilling Program 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 to delineate a JORC-2012 compliant resource for the project, early in 2019. Initial results from drilling have provided greater confidence in the potential to define significant, open-pittable resources over several satellite pits in the Mt Joel district. Concurrently, hydrogeological studies and geotechnical drilling are being undertaken to bring Mt Joel into the life-of-mine plan early in 2019. Echo’s CEO, Victor Rajasooriar, commented: “The Mt Joel gold district provides Echo with the opportunity to add incremental, quality oxide ounces to our resource base. Our objective is to add supplementary mill feed to Julius and Orelia and strengthen the mine plan as we look to move into production in 2019. The Mt Joel district extends over 8km of strike and Echo will continue to assess the potential and grow the resource base in the area. Additionally, the scale of the system and nature of the near-surface mineralisation, suggests that deeper exploration is warranted in the area and our geologists are working hard to better understand the controls on mineralisation in the district.” | |
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