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Echo Resources Ltd.
Summary
| Project: | Julius | |
|---|---|---|
| Deposit: | Wimbeldon, Tipperary | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-6-2017: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Wimbeldon, Tipperary deposit at the Julius project. Drilling results incl. 12m @ 3.96g/t Au from 20m. Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is ple | |
| 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 remaining results from recent drilling activity in the Empire District have been received, with assay results from the Wimbledon and Tipperary prospects continuing to demonstrate significant gold mineralisation. Of particular interest is the Wimbledon Prospect which contains mineralisation over more than 400 metres of strike and to at least 60 metres vertical depth. These results at Wimbledon build on results announced on 24 May 2017 and provide scope for the delineation of another open-pitable gold resource on Echo’s large and prospective landholding. The Company is now planning a follow up reverse circulation (‘RC’) program to test depth potential of the Wimbledon mineralised system. 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. An additional 12 reconnaissance aircore holes were completed at the Tipperary Prospect, located between Wimbeldon and the Company’s advanced Julius Gold Project (see Figure 3). Drilling intersected a thick sequence of highly oxidised basalts with weathering extending to greater than 50 metres vertical depth. The intersections have highlighted a large low grade gold system and coupled to historical drilling have outlined gold mineralisation over 300 metres of strike extent. | |
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