New Programme To Expand WA Prospect
Resources & Energy Group Limited (ASX: REZ) has confirmed the Gigante Grande prospect in Western Australia as a significant and large gold mineralised system.
The company has now received all drill results from the successful drill programme undertaken in November last year on the eastern side of the East Menzies Gold field project.
Executive Director, Richard Poole, said REZ will continue exploration with a view to expand the prospect and advance towards resource generation.
Following receipt of the remaining results, the November programme has delivered significant down-hole gold mineralisation including:
- 2m@ 2.06g/t Au from 129m
- 1m@ 1.83g/t Au from 164m
- 8m@ 2.14g/t Au from 186m (incl 3m@ 3.62g/t Au from 186m)
- 4m@ 0.93g/t Au from 20m
- 3m@ 1.01g/t Au from 46m
- 2m@ 2.73g/t Au from 90m
- 2m@ 1.98g/t Au from 147m
- 2m@ 0.96g/t Au from 24m
- 2m@ 3.49g/t Au from 39m
- 4m@ 4.92g/t Au from 96m (incl 1m@16g/t Au from 97m)
- 2m@ 1.22g/t Au from 45m
- 1m@ 4.78g/t Au from 61m
- 5m@ 3.59g/t Au from 199m (incl 2m@7.55gt/Au from 199m)
Mr Poole said REZ is continuing exploration of Gigante Grande in pursuit of its aim of finding a tier one asset within the East Menzies Goldfield.
A total of 14 holes are planned for the January 2021 programme to infill and further drill test gold mineralisation within the prospect.
The drilling programme will focus on a combination of shallow and deeper holes which have been planned to test the orientation of mineralised structures within the contact between the Moriarty Shear Zone and the Gigante Granodiorite.
