Resources & Energy Group Limited (ASX: REZ or the Company) advise it has received initial drill results from the Granny Venn March 2021 drilling program.
Highlights:
- Initial results from the March 2021 Granny Venn resource drilling program have been received.
- High-grade and extensive intervals of gold mineralisation have been intersected below the pit floor at Granny Venn with peak assays of:
- 21EMRC33 - 9m@3.73gt/au, from 17m, including 1m@12.6gt/au from 25m.
- 21EMRC38 - 10m@5.12gt/au from 13m, including 2m@14.5gt/au.
- 21EMRC40 - 22m@3.02gt/au from 2m, including 7m@5.56gt/au from 17m.
- 21EMRC56 - 12m@3.69gt/au from 11m, including 1m@15.35gt/au from 19m.
- The grade from these results is higher than modelled and has exceeded expectations.
- A Mining Proposal and Clearing Permit to enable recommencement of operations has been lodged.
- Discussions with regional gold mills are also well advanced to facilitate the commencement of mining.
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