Resources and Energy Group (ASX:REZ) has been featured in Stockhead discussing the Company's completion of its second processing campaign at Granny Venn with a solid grade of 2.2g/t, continuing the consistency of grades achieved in the first campaign.
The article states:
“The Richard Poole-led Resources & Energy Group (ASX:REZ) revealed today the second milling campaign was completed in late December, with 24,344 tonnes processed through the Lakewood mill at an unreconciled head grade of 2.2 grams per tonne (g/t).
This yielded a final 1,497oz, which at today’s high Aussie dollar gold price would return roughly $3.8m to REZ and mining partner BM Mining.”
The second milling campaign began in early December, which resulted in greater grades and recoveries than planned.
Pit development with Eastern cutback on left
The article states:
"The initial campaign processed a total of 24,459 tonnes of Granny Venn ore at a head grade of 2.47g/t for 1,766 ounces of gold at a recovered grade of 2.23g/t.
The completion of the second processing campaign marks the final production from the Granny Venn ramp and north cutbacks".
REZ's development at Granny Venn suggests that January will be a busy month for the project, with 40,000 to 50,000 tonnes of ore likely to be mined.
Read the full Stockhead article here.