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Resources & Energy Group Ltd.
Summary
| Project: | East Menzies | |
|---|---|---|
| Deposit: | East Menzies | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-12-2019: Resources & Energy Group Ltd. announces an Exploration/Drilling Update report for its East Menzies deposit at the East Menzies project. Drilling results incl. 7m @ 1.33g/t Au from 39m. Resources & Energy Limited (ASX: REZ) is pleased to provid | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Nicholas Jolly (Internal) | |
| ABSTRACT: | Resources & Energy Limited (ASX: REZ) is pleased to provide an update on recent exploration results and upcoming drilling and potential third-party mining activities for its 100 per cent-owned East Menzies Gold Project (EMGP) in WA. 26 RC holes for 3,788 metres have been completed at the Southern (Spion Kopp and Lady Kathleen Prospects), Central (Springfield Venn Corridor) and Eastern (Kore Prospect) Zones (Figures 1 and 2). The first three RC drill holes, which are part of a larger RC and RAB programme, at Kore Prospect intercepted 2 to 7 metre zones of massive sulphides (pyrrhotite and minor pyrite) approximately where the VTEM plates were modelled. Assays indicated the massive sulphides were not the primary source of gold in the area, multi-element assaying will ascertain whether base metals are present. Systematic RAB will be conducted early in the new year to gain further geological and geochemical information aimed at identifying the source of the significant levels of gold in the area. | |
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