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Project: | Yandal | |
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Deposit: | Mt Joel | |
Location: | Australia | |
Commodities: | Gold | |
Date: | 2/7/2019 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Mine Development | |
Report details: | 7-2-2019: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Mt Joel deposit at the Yandal project. Drilling results incl. 16m @ 24.10g/t Au from 26m. Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to annou | |
Resources: | (not mentioned in this report) | |
CP/QP: | [Overall Report]: Travis Craig (Not stated) | |
ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to announce the latest results from reverse circulation (RC) drilling at the Mt Joel (70% Echo) gold district within the Yandal Gold Project. Echo has completed an aggressive drilling program in the Mt Joel district targeted at delineation of quality, near surface, oxide ounces. The RC program was designed to further define and increase confidence in the mineralization defined from the air core (AC) drilling that was reported on 30 November and 21 December 2018. The RC and AC drill holes have confirmed, extended and increased the confidence in the mineralisation observed in the historical drill-hole data. Completing a new JORC2012 compliant resource for Mt Joel is now a priority, with a significant portion of that resource estimate expected to be classified as ‘Indicated’. The results from drilling have provided confidence that there exists 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 provide the option for Mt Joel to be brought into the life-of-mine plan as soon as possible | |
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