Reading today’s ASX announcement on their exploration growth...

Reading today’s ASX announcement on their exploration growth strategy for Yandal from Echo resources (EAR), I am excited from a Hammer perspective, whilst the announcement needs to be read in full, I have quoted point 2 from their overview on page 4 today, which reads,

“WorkcarriedoutbytheEchogeologicalteamshowsthatthehistoricalBronzewingandLotus mines are highly prospective for parallel systems of high grade mineralisation. These deposits were previously mined in the 1990’s and eventually concluded in 2003 during a depressed gold price below A$600/oz with limited exploration carried out since then. Great Central Mines Ltd reported several high-grade intersections approximately 500m from the main body of the Bronzewing underground mine in 1994 in an area that Echo believes contains structural repeats of the high-grade Discovery and Central Zones at Bronzewing. No further drilling has been undertaken since 1994. Echo is planning a detailed structural review of the Bronzewing and Lotus project areas with drilling expected in Q3 and Q4 of 2019.”

From the map within the announcement these appear to be close to Hammer’s southern tenement.

Hopefully fingers crossed Hammer has some of the Golden Pie Echo is looking for, this strategic tenement may become a very important asset for Hammer (subject to shareholders approval). No wonder the likes of Mark Creasy wanted this so badly.

Also there is an article of this morning’s ASX announcement in The West Australian re Echo’s strategy.

https://thewest.com.au/business/pub...exploration-strategy-for-wa-gold-play-c-83245


I am very excited by all of this, maybe the market might wake up about the potential here! Hopefully holders might start to see some real value added with this asset in the future.

Anyway good luck to all holders.

Cheers Aussie