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Echo Resources Ltd.
Summary
| Project: | Yandal | |
|---|---|---|
| Deposit: | Yandal | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/26/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 26-8-2019: Echo Resources Ltd. announces an Exploration/Drilling Update report for its Yandal deposit at the Yandal project. Drilling results incl. 6m @ 2.65g/t Au from 25m. Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased to provide | |
| Resources: | (Reserve, P+P): 16.0Mt @ 1.6g/t Au at project | |
| CP/QP: | [Overall Report]: Travis Craig (Internal) | |
| ABSTRACT: | Echo Resources Limited (ASX: EAR) (‘Echo’ or the ‘Company’) is pleased to provide an exploration update for the Yandal Gold Project (‘Project’) in Western Australia. In early July Echo commenced a program of air core (AC) and reverse circulation (RC) drilling with a multipurpose AC/RC drilling rig. Key exploration objectives include improving production profile, extending future mine life and testing potentially large-scale greenfield discovery targets. A second RC rig was engaged in mid-August to accelerate resource development drilling at the Corboys deposit. Since drilling commenced, 2,130 metres of AC and 7,159m of RC for a total of 9,289m have been completed (Table 1). Corboys is located 35km north of Bronzewing on a granted Mining Lease and was acquired by Echo during the Metaliko Resources Limited (Metaliko) acquisition in January 2017. Metaliko drilled 83 RC holes in 2015 and released a JORC 2012 compliant Mineral Resource Estimate of 2.14Mt at 1.82g/t Au for 125koz Au (refer to ASX announcement dated 23 April 2019). The outcropping Corboys deposit (Figure 2) has a strike length of 1,200m and is currently defined to 100m below surface with further potential to extend mineralisation along strike and at depth (refer to ASX announcement dated 11 July 2019). The Echo geological team has identified several zones where there is potential to extend mineralisation through additional drilling. A 12,715m drilling program comprising both RC and diamond drilling commenced in midAugust and 16 drill holes for 1,589m of RC drilling have been completed up to 21 August. A second RC drill rig has been deployed to accelerate progress of the program and completion is expected by mid-November 2019. | |
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