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Echo Resources Ltd.
Summary
| Project: | Julius | |
|---|---|---|
| Deposit: | Orpheus | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/30/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-3-2017: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Orpheus deposit at the Julius project. Drilling results incl. 16m @ 3.43g/t Au from 80m. Echo Resources Limited (ASX:EAR) (‘Echo’ or the ‘Company’) is pleased to advise | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Simon Coxhell (Internal) | |
| ABSTRACT: | Echo Resources Limited (ASX:EAR) (‘Echo’ or the ‘Company’) is pleased to advise it has received early success in its 2017 Yandal exploration program aimed at building its global gold Resource and Reserve base to underpin re-start of the Company’s Bronzewing Processing Hub. Drilling in the Empire District initially targeted the Orpheus gold prospect located 8 kilometres south of the Julius gold deposit (‘Julius’). Air core drilling intersected basalt and ultramafic rocks with minor sediments and felsic intrusive porphyries located on the contacts. All of these lithologies are deeply weathered to in excess of 70 metres vertical depth. Echo’s CEO, Simon Coxhell, commented: “First results from this large exploration program are highly encouraging and have demonstrated that gold mineralisation at Orpheus extends over more than 800 metres of strike. The system remains open to the north-west and south-east and further drilling to expand the known gold mineralisation is planned in the coming weeks. “These results support Echo’s ability to expand its Resource and Reserve base with an active exploration program ongoing. Over the past 12 months we have collated and compiled all available geological and geophysical data to interpret and understand regional controls on gold mineralisation. This work has defined a number of targets considered highly prospective for new million-ounce gold deposit. I look forward to updating shareholders as we continue to make progress.” | |
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