Echo Resources identifies 11kms of gold anomalies at Yandal
Wednesday, October 31, 2012 by John Phillips
Echo Resources (ASX: EAR) has used reconnaissance soil sampling to identify two separate gold-in-soil anomalies at the company's Yandal Project - which extend for over 11 kilometres.
First is a 5.5 kilometre long anomaly at the Marvin Prospect, with the second at the Magrathea Prospect - located 4.5 kilometres south of Marvin.
Although only early stages in the exploration plan, these prospects are located in a rich gold area adjacent to the Yandal Gold Province - which is one of Australia’s most significant gold mining districts.
Adding some interest, Marvin is located 3 kilometres west of open-cut workings at the Mt McClure-Bronzewing Gold Mine.
Both prospects are situated within a 290 square kilometre package of granted exploration licences and an exploration licence applications wholly owned by Echo - with little recorded exploration.
The Marvin peak values were 305ppb gold, with Magrathea 17ppb gold, defined using a +3ppb gold lower threshold.
The full extent of the Marvin and Magrathea anomalies remains to be tested, with further soil sampling programs to commence next week - which will help to define if the two anomalies join into a single gold-in-soil anomaly.
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