Echo Energy (GB:ECHO) has released an update.
Echo Energy PLC, a Latin America-focused natural resources company, has announced promising preliminary results from metallurgical testing at the Tesoro Gold Concession in southern Peru, showing gold recovery rates of over 90% and high-grade values up to 21.36 grams per tonne. The tests, conducted on samples from two main shafts, confirmed the rich vein systems at Tesoro, with Echo’s joint venture, Boku Resources, planning to initiate gold and silver mining operations later in the year. These results bolster Echo’s strategic move into precious metals mining following its partial asset divestment in Argentina.
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