Assay results have been received for 5 RC drill holes completed by Echo (ASX code EAR) at Julius Prospect, Yandal Project, including preliminary 4m composite assays for 2 RC holes (ERC42-43) completed during January 2007.
Gold mineralisation at Julius is localised along north-northeast- and southeast-trending shear zones on the margin of a granitic body in contact with ultramafic rocks. The zone of hydrothermally altered rocks and gold mineralisation extends at least 2km along strike and up to 750m wide along individual drill sections.
All holes returned significant gold assays (Tables 1 and 2).
Drill holes ERC42 and ERC38 were collared 80m apart on adjacent drill sections near the northern end of the main Julius RC drilling area. Both holes intersected substantial widths and grades of gold mineralization at vertical depths of 85m and 75m, respectively.
The mineralised intercepts are hosted by unweathered, hydrothermally altered and deformed ultramafic and granitic rocks.
ERC42 4m @ 15.2 g/t Au from 108m down-hole
within 44m @ 1.7g/t Au from 96m
ERC38 16m @ 1.6 g/t Au from 100m
including 2m @ 4.6 g/t Au from 112m
within 27m @ 1.1 g/t Au from 94m
The latest assay results confirm the presence of significant widths and grades of primary gold mineralisation at Julius.