EAR 3.13% 15.5¢ echo resources limited

News: Echo Resources intersects further high grade gold in Western Australia

  1. Echo Resources (ASX:EAR) has intersected further high grade gold at the Julius Gold Discovery in Western Australia’s Yandal Province.

    This returned 12 metres at 10.1 grams per tonne gold from 44 metres with a peak assay of 4 metres at 27.1g/t gold.

    Follow-up drilling has been undertaken to delineate near-surface oxide, transitional and fresh rock-hosted gold mineralization at Julius in preparation for a JORC 2012 Resource estimate.

    Soil sampling and drilling programs are planned at the nearby Gnaeus Prospect, where a new gold-in-soil anomaly about 1,000 metres long has been identified by Echo.

    Gnaeus is located 900 metres east of Julius, at the intersection of faults which may link up with the structures hosting bedrock gold lodes under cover at Julius.

    In addition, the Gnaeus gold anomaly is much stronger (peak 168ppb ggold) than the gold-in-soil response over buried bedrock gold mineralisation at Julius.


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