Mt Joel (70% Echo) has been identified as an area that could provide additional oxide ore to the mill. Mt Joel is located approximately 12km northeast of Bronzewing with discontinuous gold mineralisation extending over 8km with near surface mineralisation spread over numerous prospects. Gold occurs in quartz veins and vein selvedges associated with pyrite +/-chalcopyrite. Drilling to date has indicated that mineralisation occurs predominantly in the oxide-transition zone extending from the base of transported material to the base of weathering, a zone more than 100m deep in places.
Preliminary drilling was undertaken in the June quarter of 2018 to validate the historical database with results confirming the existence of significant mineralisation contained within the oxide zone and the potential to add significant ounces to Echo’s resource inventory. An extensive air-core and reverse circulation drilling program commenced in October 2018 which confirmed, extended and increased the confidence in the mineralisation observed in the historical drill-hole data. Results returned from the program included:
- 16m @ 5.5 g/t Au from 8 m, including 3m @ 13.8 g/t Au, and 11m @ 8.1 g/t Au from 58 m, including 1m @ 44.5 g/t Au (MJAC129)
- 17m @ 4.9 g/t Au from 24 m, including 2m @ 12.5 g/t Au (MJAC128)
- 20m @ 5.56 g/t Au from 33m, AND 4m @ 4.74 g/t Au from 10m (MJAC079)
- 10m @ 3.86 g/t Au from 20m, AND 11m @ 2.61 g/t Au from 34m (MJAC090)
A new, JORC-2012 compliant Mineral Resource Estimate for Mt Joel is expected to be completed in the March quarter 2019.