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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Orelia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/24/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-1-2018: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Orelia deposit at the Yandal project. Drilling results incl. 34m @ 10.74g/t Au from 95m. Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased to relea | |
| 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 release results from the seven recent diamond holes drilled to test mineralisation beneath the extents of current drilling and solidify the quality of the resource at the Orelia Gold Project. The results confirm and extend recent intersections from Echo’s RC and diamond drilling and provide high confidence that Orelia may deliver a substantial addition to resources and reserves. Echo’s Chief Executive Officer, Simon Coxhell, commented: “These results demonstrate excellent exploration potential at Orelia both along strike and at depth. Meanwhile, the in-pit diamond holes offer additional predictability to the geometry and tenor of the high grade mineralised zones. The development and exploration of this mineralised system has a long way to go. “Mineralised systems extend to great depths in the Yandal gold belt and past exploration and mining in the Orelia area has only scratched the surface. We expect to be able to expand the known gold mineralisation with additional exploration at both Orelia and Lotus and we are launching into a significant, deep exploration program in 2018. These latest results encourage us that we are heading in the right direction.” | |
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