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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Orelia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 13-4-2018: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Orelia deposit at the Yandal project. Drilling results incl. 22m @ 40.13g/t Au from 67m. Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to annou | |
| Resources: | (Reserve, Prob.): 14.1Mt @ 1.7g/t Au for 0.753Moz contained at Orelia | |
| CP/QP: | [Overall Report]: Simon Coxhell (Internal) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to announce first results received from deep drilling at Orelia has returned assays suggesting the continuation of mineralisation at depth. Early interpretations suggest the intersection may form part of a third lode underlying existing mineralisation which is host to the existing 1.1 million-ounce Orelia gold Resource. “Results in hole ODDH0017 confirm deeper seated mineralisation exists but more work will be required to understand the potential of the system at depth. What we have seen, during our resource definition drilling at Orelia, is very high-grade zones situated within southerly plunging lodes and results from ODDH0026, with 22m @ 40.1 g/t (incl. 1m @ 499 g/t) are testament to this. Intersecting a new lode at depth gives us great confidence that follow up work will enable us to understand and delineate high-grade parts of the system. “Work completed as part of this program gives us the confidence that in time, Orelia will deliver significant resource extensions and we will continue to wait for outstanding assays and interpret the structural information for follow-up drilling. “Our attention now turns to our regional exploration efforts, in particular at Lowlands and Julius North, with results due shortly.” | |
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