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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Orelia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Orelia deposit at the Yandal project. Drill results incl. 17m @ 5.68g/t Au from 84m. Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to announce t | |
| Resources: | (Reserve, Prob.): 14.1Mt @ 1.7g/t Au for 753koz Au contained at Orelia | |
| CP/QP: | [Overall Report]: Simon Coxhell (Internal) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or ‘the Company’) is pleased to announce the results of a recently completed aircore drilling program north of the Orelia open pit. Drilling was focused on following up the success of an RC drilling program completed by Echo in December 2017 (refer to ASX release dated 24 January 2018) and these latest results received point to a northern extension at Orelia. Echo’s CEO, Simon Coxhell, commented that these aircore results now provide a platform for Echo to further explore this area and potentially provide additional near-surface oxide ore at Orelia, which will be interpreted in conjunction with all other datasets. “The results encountered high-grade intersections down to 80 metres vertical depth and will require further exploration, as well as being located in an ideal position to potentially be incorporated into future mine schedules. “There continues to be significant potential along strike from these intersections. We know this shear is live to the north at the previously mined Lotus Gold Mine (387,000 ounces produced at 5.5g/t Au1 ) and these intersections tell us that there is potential for the discovery of more quality ounces within this system.” | |
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