Resources & Energy Group (ASX: REZ) is pleased to announce the discovery of a new high-grade zone of gold mineralisation at Gigante Grande Prospect situated in the 100% owned East Menzies Gold Field Project.

Highlights

• The initial RC drilling campaign designed to drill test the previously reported 2.5km by 400m Au in regolith gold anomalies, has been completed.
• Results for only five holes of the initial 32-hole drill program have been received and significant intervals of gold mineralisation have been found in two of them; 20EMRC012 and 20EMRC002.
• A peak assay of 1m @ 76.4gt/au from 134m down the hole has been intersected in 20EMRC012 within a 66m mineralised zone from 71 to 137m down the hole and 20m @ 5.06g/t au from 116m.
• Mineralisation within 20EMRC012 is not isolated to the high-grade zones, with a continuum of lower tenor results, ranging from 0.1 to 0.6gt/au occuring throughout. When combined with 20EMRAB44 (34m@0.29gt/au), the thickness of the mineralised package is approximately 100m. 
• The discovery of high-grade gold mineralisation, below the regolith in the Gigante Grande area, has potential to lead to a new economic gold deposit which is less than 130km North of Kalgoorlie, and more specifically, within the eastern part of the historic Menzies Goldfield.

The Executive Director of REZ, Mr Richard Poole commented:

"This is an amazing initial drill result @ 76.4g/t au from our first follow up of RC holes at Gigante Grande. The results support the overwhelming evidence that the East Menzies Gold Field is one of Australia's best and most overlooked exploration target areas. Given its huge historical yield and rich history of gold production and discoveries, with over 400 old workings we are very excited. We are very much looking forward to continuing to explore and develop our 100sqkm containing multiple Prospects at the East Menzies Gold Field."

Download the full announcement here.