Echo Resources (ASX: EAR) has assayed 5 metres at 21.6 grams per tonne gold from 235 metres, with 1 metre at 90 grams per tonne, at its Julius gold discovery in Western Australia.
Julius is located in the Yandal Gold Province which hosts several multi-million ounce gold deposits, including Newmont Mining's (NYSE:NEM) Jundee and Darlot.
The gold lodes at Julius are hosted by weathered and fresh ultramafic, mafic and granodioritic rocks.
A second zone of gold mineralisation was intersected lower in the Julius shear zone and returned an intercept of 7 metres at 1.8 grams per tonne from 270 metres.
The mineralised system remains open to the north, west, east and south, with further drilling underway to locate additional gold lodes.
Ann: MAH: BUSINESS UPDATE, page-5
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