Resources & Energy Group Limited (ASX: REZ) has received further outstanding drill results from the January 2021 drilling program. Complete results for Boreholes 21EMRC004 and 21EMRC005 have now been issued. The company is still waiting on results from a further four holes.
Significant zones of high‐grade gold mineralisation, which are enclosed within much broader intervals of lower grade mineralisation have been encountered in both holes.
Highlights:
within 27m @3.7g/t from 65m, and:
Ongoing Drilling
REZ is continuing exploration of Gigante Grande with the primary aim of making a tier one gold asset discovery within the East Menzies Goldfield. The Company also confirms that after completion of the March drilling campaign, the services of a drilling contractor has been secured on a more regular monthly basis. This will provide better exploration continuity, as the company expands operations over the greater project area. Whilst considerable delays are still being encountered with laboratory turn‐ around times exceeding 10 weeks, the companies resolve is to continue with short strategic campaigns, on two or more prospect areas. This will enable the company to” leapfrog” between prospects whilst waiting on results from one project area to another.
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