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Echo Resources Ltd.
Summary
| Project: | Bronzewing | |
|---|---|---|
| Deposit: | Orelia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-9-2017: Echo Resources Ltd. announces a Resource Estimation report for its Orelia deposit at the Bronzewing project. Updated mineral resource estimate for the Orelia deposit. Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased to anno | |
| Resources: | (Resource, I+I): 15.9Mt @ 2.1g/t Au for 1.080Moz Au contained at Orelia | |
| CP/QP: | [Resources]: Lynn Widenbar (Widenbar and Associates Pty Ltd.) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased to announce it has almost doubled its gold Resource base in the Yandal greenstone belt following a Mineral Resource upgrade for the Orelia gold deposit (‘Orelia’). Total gold Mineral Resources at Orelia, located just 10 kilometres south-west of Echo’s Bronzewing Processing Hub in the North Eastern Goldfields of Western Australia, have increased to 15.9Mt at 2.1 g/t Au for 1.1 Million ounces, (from 5.6Mt at 1.9 g/t for 0.35 Million ounces). Echo’s Chief Executive Officer, Simon Coxhell, said “This Resource upgrade is an outstanding result for the Company and demonstrates the potential of the region to deliver quality new ounces in the Company’s 1,600km2 of prime exploration acreage. The Resource upgrade follows comprehensive drill programs that have validated and enhanced our understanding of the Orelia mineralised system. “This Resource estimate has resulted in over 1 million ounces of gold but, more importantly, highlights the predictable geometry of the high grade mineralised zones. We continue to expect that the Orelia system has the ability to substantially grow to depths beyond those mined at the nearby Lotus gold deposit, and drilling is currently underway to further test the extent of the mineralisation. “This result at Orelia continues to demonstrate the exceptional ability for Echo to cost effectively add high quality ounces to the Company’s Resource base.” | |
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