Echo Resources hits impressive gold at Julius discovery

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THE DRILL SERGEANT: Echo Resources (ASX: EAR) has announced high-grade gold fire assay results from Reverse Circulation and Diamond Core drill holes completed at the company’s Julius discovery, located in the Yandal Gold Province, approximately 750 kilometres northeast of Perth, Western Australia.

 

Location of the Julius discovery within the Yandal Gold Province. Source: Company announcement

 

In its announcement to the ASX, Echo indicated the gold lodes at Julius are hosted by weathered and fresh ultramafic, mafic and granodioritic rocks within and adjacent to the west-dipping Julius Shear Zone.

The company said the fire assays it has conducted have confirmed the presence of high gold grades in step-out drill hole ERC186, which was collared 300m west of the main drilling area at Julius.

Assays from ERC186 included:

5 metres at 21.6 grams per tonne gold from 235 metres, including 3m at 35g/t gold from 235m – with a peak assay of 1m at 90g/t gold from 236m.

Echo explained the high-grade gold zone in ERC186 is hosted by altered mafic rocks above the Julius Shear Zone.

The drilling of ERC186 also struck a second zone of gold mineralisation lower down, hosted by mafic-ultramafic and granodioritic rocks within the Julius Shear Zone.

The lower mineralised zone returned an intercept of:

7m at 1.8g/t gold from 270m, including 1m at 4.4g/t gold from 270m.

Echo Resources has interpreted ERC186 to have intersected potential down-plunge extensions of the Julius gold system.
 
Other notable fire assay results included:

ERCD208:
19.1m at 8.1g/t gold from 49m, including 5m at 21.7g/t gold from 54m, including 0.8m at 8.1g/t gold from 58.2m;

ERC206:
9m at 1.3g/t gold from 134m; and

2m at 13g/t gold from 187m to end-of-hole, including 1m at 21.6g/t gold from 187m.

ERC194:
10m at 1.7g/t gold from 43m; and

14m at 3.5g/t gold from 76m, including 5m at 6.9g/t gold from 76m.

ERC198:
3m at 2.7g/t gold from 12m; and

2m at 6.1g/t gold from 51m, including 1m at 10.9g/t gold from 52m;

ERC200:
6m at 3.1g/t gold from 12m; and

4m at 3.9g/t gold from 12m.

ERC192:
2m at 6.7g/t gold from 76m, including 1m at 11.4g/t gold from 76m.

ERC201:
7m at 2.4g/t gold from 13m, including 2m at 4.1g/t gold from 15m; and

4m at 2.1g/t gold from 25m.

ERC197:
12m at 1.7g/t gold from 41m.

ERC196:
6m at 1.7g/t gold from 31m.

Website:
www.echoresources.com.au