EAR 0.75% 33.3¢ echo resources limited

My reading of the northernmost hit is that it is an extension to...

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    My reading of the northernmost hit is that it is an extension to surface of the deeper resource that is not currently part of mining reserves (ie the non-laterite resource).

    This is potentially important because if the deeper resource actually extends to surface, rather than Stage 2 being UG mining, they could start the stage with a much cheaper (production cost) open pit.

    Below is a diagram from a recent EAR presentation, I've included the orientation (approximate) showing the Northerly direction as well as a black circle to highlight approximately where the northern intersection in today's announcement was situated and where a open pit could potentially be if further results show more gold intersections and mineralisation joining with the deeper resource.

    upload_2017-6-27_15-51-25.png
 
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