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Resources & Energy Group Ltd.
Summary
| Project: | East Menzies | |
|---|---|---|
| Deposit: | East Menzies | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/21/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-4-2020: Resources & Energy Group Ltd. announces an Exploration/Drilling Update report for its East Menzies deposit at the East Menzies project. Drilling results incl. 12m @ 297ppb Au from 60m. At Demeter prospect, recent regional RAB and Air Core drill | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nicholas Jolly (Internal) | |
| ABSTRACT: | At Demeter prospect, recent regional RAB and Air Core drilling to an average depth of 47 metres has confirmed a significant >100ppb gold anomaly (figure 1) extending from Kore Prospect and covering over 2,500m of strike and up to 450m wide. The mineralised envelope has a peak bottom-of-hole gold assay of 531ppb. The Demeter prospect (figure 1) is located proximal to the regional-scale Moriarty Shear Zone which bounds the eastern contact of the Menzies Greenstone Belt. Gold mineralisation is believed to be hosted within dilatant quartz vein arrays within, and near, the margins of granitoid intrusive bodies. REZ Group notes that 40ppb gold anomalism has historically been a strong indicator for economic gold grades at the EMGP and combined with the historical high grade results at the adjacent Kore Prospect which include 21m @ 7.1gpt from 36m and 5m @ 29.2gpt from 52m indicate economic grades are present. | |
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