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Echo Resources Ltd.
Summary
| Project: | Bronzewing | |
|---|---|---|
| Deposit: | Orelia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-8-2017: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Orelia deposit at the Bronzewing project. Drilling results incl. 15.97m @ 19.52g/t Au from 102.0m. Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased | |
| Resources: | (Resource, I+I): 5.6Mt @ 1.9g/t Au for 349koz contained at project | |
| CP/QP: | [Overall Report]: Simon Coxhell (Internal) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased to release results from the 6 recent diamond holes drilled to test mineralisation down to over 200m below the existing pit floor at the Orelia Gold Project. The results confirm and extend recent intersections from Echo’s RC drilling and provide high confidence that Orelia will deliver a substantial addition to resources and reserves. Echo’s Chief Executive Officer, Simon Coxhell, commented, “These results are very significant as they clearly demonstrate excellent exploration potential at Orelia and provide additional predictability to the geometry of the high grade mineralised zones. We know from other explorers and producers in the Yandal gold belt that these large mineralised systems extend to great depths with excellent grades, and past mining and exploration in the Orelia area has only scratched the surface. “We expect to be able to significantly expand the known gold mineralisation with further exploration. We have had some spectacular intersections at depth from these latest diamond holes with potentially economic grades intersected in every drill hole. The development and exploration of this mineralised system has a long way to go. “As demonstrated in Figure 2, the Lotus-Orelia–Calista mineralisation extends over 2km of strike and to at least 500m vertical depth. Lotus produced 387,000 ounces from 2.2Mt at 5.5 g/t Au1 and demonstrates the excellent exploration potential for both open cut and underground gold mineralisation at Orelia.” | |
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