Resources & Energy Group (ASX:REZ) has decided to do a short burst of drilling before Christmas at the Springfield prospect, part of its flagship East Menzies Gold Project in WA, to follow up the previously reported nickel, cobalt, chromium, zinc, copper and molybdenum hits.
The company is taking advantage of rig availability which has emerged for a short program prior to the Christmas shutdown
Highlights:
- A six-hole, 750m programme has been planned for Springfield, with REZ taking advantage of drill rig availability.
- CRA and BHP reported the presence of nickel at Springfield in 1969 and 1986 respectively but never followed it up.
- Recent and historical exploration suggest that the nickel potential within the broader East Menzies Project has not been exhausted.
- If time permits, 2 additional holes will be drilled at Gigante Grande, where operations are investigating a large granite-hosted gold system.
The Springfield drilling programme has been designed to follow up previously reported anomalous Nickel, Cobalt, Chromium, Zinc, Copper and Molybdenum results obtained from the initial Springfield scout program.
This included the following peak down the hole assays (1):
· SFRC01‐1m @1.78% Ni, 0.21% Cr, 5% S (2), 269ppm Mo and 245ppm Cu from 98m.
· SFRC04‐1m @ 0.5 % Ni, 0.19% Cr, 4.4% S, from 88m
· SFRC05‐2m @ 1.02% Ni, 0.6% Cr, 0.4% Zn, from 29m and 2m @ 1.1 % Ni, 1% Cr (3), 0.49% S, 0.45% Zn, 0.07% Co from 36m, included within 9m @ 0.8 % Ni, 0.62% Cr, 0.31% Zn from 29m.
The Springfield area was identified by the Company following a review of historical exploration and gold mining activities.
The documented occurrences of sulphides north of Springfield at Cepline, are prospective features for the occurrence of magmatic nickel sulphides, volcanic exhalative nickel sulphides and base metals deposits as well.
At this early stage of work, it is difficult to determine the style of mineralisation encountered at Springfield. RC Samples have been dispatched for preparation of thin sections for petrological and lithogeochemical evaluation by a leading industry expert‐Ben Grguric.
A total of six holes for an advance of 750m has been planned for Springfield. If time permits a further two holes will be drilled at Gigante Grande, where operations are investigating a large granite hosted gold system. These holes are part of a broader program of work which is being developed for the Gigante Grande prospect for implementation in early 2022.
Exploration completed by the company at Gigante Grande has intersected some impressive aggregate (four) intervals of gold mineralisation.
These include:
· 20EMRC12 ‐65m at 1.72gt/au from 71m
· 21EMRC01‐ 35m at 0.7gt/au from 11m and 19m at 2.51gt/au from 56m
· 21EMRC04‐ 93m at 1.47gt/au from 28m
· 21EMRC05‐ 115m at 1.33gt/au from 18m
For further information please visit: https://rezgroup.com.au/
