Echo Resources and the Julius Gold Project
Echo Resources Limited, the Western Australian exploration company, has announced that it has been granted a mining lease for its Julius Gold Deposit from the Australian Department of Mines and Petroleum (DMP).
The lease comes following the completion of a number of requirements from Echo, including the signing of Land Access Native Title Agreement and State Deed with Tarlka Matua Piarku (Aboriginal Corporation) on behalf of the Wiluna Native Title Holders and Echo in Wiluna in December 2016.
But what do we know about Echo Resources and the Julius Gold Project?
The Julius Gold Project
Part of the Yandal Gold Project, which is located in the northern part of the Eastern Goldfields and consists of the Julius Gold Project and the Zaphid Prospect.
The main focus of the overall Yandal Gold Project, is on progressing the Julius Gold Project towards near term production and is actively working towards completing a Bankable Feasibility Study by the end of 2016.
Echo’s Julius Gold Discovery (Julius) is a virgin find under unmineralised cover, located in one of Australia’s most significant gold exploration and mining regions.
It is located near the town of Wiluna.
Julius hosts a gold resource of 197,621 ounces grading 2.08g/t Au.
Echo anticipates potential first production from Julius commencing in mid-2017, with the a Bankable Feasibility Study nearing completion and expected to be released in the coming weeks.
Echo Resources
Echo Resources is a gold exploration business with a large and highly prospective ground position in the Eastern Goldfields of Western Australia.
The company is headed up by Barry Bolitho (Chairman), Simon Coxhell (Managing Director & CE) and Anthony Mcintosh (Non-Executive Director). Between them they have over 40 years’ worth of mining experience in commissioning and management of a number of mining operations, both in WA and internationally.
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