Located within the Empire district, the high-grade Julius Gold Deposit (‘Julius’) will be a key plank in any production re-start for Echo.
Julius is located 73km north of the Bronzewing Processing Hub and currently hosts a Resource of 335,000 ounces (5.2Mt @ 2g/t Au), however recent exploration work has delivered outstanding results and point to the potential for an expansion of the Julius gold inventory, both along strike and at depth.
In November 2017 the Company released an updated Ore Reserve estimate at Julius of 103,000 ounces (1.5Mt @ 2.1g/t Au) which will form part of a Bankable Feasibility Study anticipated for release in early 2018.
The Empire district contains the Julius Gold Deposit which supports an open pit development with low stripping ratios. The district also contains the Hadrian trend, which is a lightly explored, 20 km long interpreted gold corridor which links Julius with Northern Star Resources’ Ramone gold discovery, situated approximately 5 km north of Echo’s tenement boundary.