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Echo Resources Ltd.
Summary
| Project: | Julius | |
|---|---|---|
| Deposit: | Wimbeldon | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 24-5-2017: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Wimbeldon deposit at the Julius project. Drilling results incl. 28m @ 4.47g/t Au from 24m. Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased to adv | |
| 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 the Empire District drilling program continues to return significant gold intersections. These latest results, from the Wimbledon Prospect, have identified mineralisation over at least 280 metres of strike. Results from Wimbledon have highlighted potential for another open pit mine within Echo’s large prospective landholding. Further drilling is required to map out the extent of the system along strike and at depth and plans have already been made for a follow-up, deeper RC drilling program. Wimbledon’s mineralisation is related to a quartz shear-vein that outcrops for approximately 400m. Mineralisation and shearing is localized on the contact of a felsic to intermediate sedimentary/volcaniclastic unit. The quartz vein dips sub-vertically in outcrop and current drilling suggests some variation in the dip direction along the prospect from steeply west, to steeply east. Echo’s CEO, Simon Coxhell commented that despite decades of active drilling, the Company believed the Yandal gold belt remained significantly underexplored. “Our review work of historical data has shown that regional exploration had been largely constrained to wide spaced RAB traverses which have inadequately tested vast tracks of the Yandal gold belt.” “By following up on significant drill results in the historical data Echo is yielding positive and consistent results." | |
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