Echo Resources encounters big gold numbers at Julius

THE DRILL SERGEANT: Echo Resources (ASX: EAR) has encountered some very encouraging gold intersections during a recent program of RC drilling at the company’s Julius gold discovery.

Echo said the drilling had returned excellent composite sample intercepts, including (down-hole widths and depths):

4 metres at 75.6 grams per tonne gold from 276m, within 16m at 19.8g/t gold from 276m;

4m at 29g/t gold from 48m, within 44m at 3.8g/t gold from 24m; and

4m at 22.6g/t gold from 52m, within 24m at 5.3g/t gold from 44m.

 

Summary of drill intersections. Source: Company announcement

 

The Julius Discovery is located in the Yandal gold province in Western Australia, an area which hosts a number of multi-million ounce gold deposits, including those at Jundee (Newmont) and Darlot (Gold Fields).

“Julius is a virgin gold discovery in an area of transported cover with no historical gold workings,” Echo Resources said in its ASX announcement.

“The gold lodes at Julius are hosted by weathered and fresh, mafic and ultramafic rocks adjacent to a mineralised granodiorite body.

“The granodiorite-ultramafic contact is marked by the west-northwest-dipping Julius Shear
Zone (JSZ) which is interpreted to be cross-cut by southeast-striking faults.”

Work completed by Echo to date has demonstrated the Julius gold mineralised system remains open to the north, west, east and south.

The company said it has designed follow-up drilling programs, which will test for potential extensions to the high-grade gold mineralisation intersected by step-out holes ERC186 and ERC222

The upcoming drilling, which is anticipated to commence at Julius during March 2014, will also aim to locate and define near-surface gold lodes.

 

Website: www.echoresources.com.au