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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Orelia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-6-2018: Echo Resources Ltd. announces a Resource Estimation report for its Orelia deposit at the Yandal project. Updated mineral resource estimate at Orelia deposit. Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) wishes to advise that rece | |
| Resources: | (Resource, M+I): 14.0Mt @ 2.2g/t Au for 969Koz Au contained at Orelia | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) wishes to advise that recent infill drilling has resulted in an update to, and classification upgrade of, the Mineral Resource estimate for the Orelia gold deposit. The updated Orelia Mineral Resource estimate is 15.9Mt at 2.1 g/t Au for 1.07 million ounces and is in line with the previous estimate. Importantly, the updated Mineral Resource estimate includes 2.8Mt at 2.6 g/t Au for 237,000 ounces within the Measured category. Previously the Orelia Mineral Resource estimate did not contain any material within the Measured category This updated Mineral Resource estimate comprises an additional 19 orientated NQ diamond holes for 2,881 metres (refer to Appendix 1 for detailed results). Holes were drilled from the floor of the Orelia existing open pit specifically targeting areas of the proposed Stage 1 mining area. Since early 2016 Echo has worked diligently to add resource ounces to its inventory and a timeline of its global Mineral Resource estimates is presented below. The Orelia gold deposit is located 10 kilometres south west of the Bronzewing processing plant and approximately 450 kilometres north of Kalgoorlie. The Project is accessed via Leinster, located 45 kilometres to the west. Orelia is located on granted mining licence M36/146 and is 100% owned by Echo | |
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