Echo controls the central Yandal greenstone belt through 100% ownership of over 1,600km2 of highly prospective tenement holdings as well as the 2 Mtpa Bronzewing processing facility. The Company has embarked on exploration in two distinct districts – the Bronzewing district in the south and Empire district in the north – both of which are within trucking distance of the processing facility.
The Bronzewing district encompasses the southern part of Echo tenure and includes the Bronzewing, Orelia and Lotus open pits, the Mt Joel District and numerous highly prospective targets. Outside of the major deposits, drilling within the Bronzewing district is largely limited to within the top 100m from surface. The occurrence of these large mineralised systems in the Bronzewing district however, highlights that the region has the fundamental architecture to host world class ore bodies at depth. Recent target generation work Echo has completed highlights the structural complexity of these systems and it is Echo’s opinion that there remains exciting exploration potential at depth in these areas.
Recent work has delivered positive results from work beneath the existing Orelia open pit as well as the potential that Orelia and the nearby Calista and Cumberland gold zones are developing into a large mineralised gold system, which points to the opportunity for a larger pit. The nearby Lotus deposit extends to a depth of 500 vertical metres where 387 koz at 5.5 g/t Au was historically produced. Lotus represents an opportunity to delineate further high-grade, underground resources on the back of detailed geological interpretation and deep drilling.
The Empire district contains the Julius Gold Deposit which supports a two-stage open pit development with low striping ratios. The district also contains the 13 km long Hadrian trend which is a lightly explored, 13 km long interpreted gold corridor which links Julius with Northern Star Resources’ Ramone gold discovery approximately 5 km north of Echo’s tenement boundary.
Echo’s vision is to build a sufficient resource and reserve base to support a transition into production via the Bronzewing processing facility in 2019. The company is currently completing a revised BFS relating to the refurbishment of the Bronzewing mill and the treatment of ore from the Julius and Orelia gold deposits.
In conjunction with its development activities, Echo continues to apply cutting edge geophysical and geochemical datasets to identify and test genuine greenfields targets to uncover new significant gold discoveries and expand existing high-grade resources. With an exploration budget funded by production, Echo will be in an excellent position to reinvigorate deep exploration in the search for the next million-ounce, underground ore body.