Resources & Energy Group Limited (ASX: REZ) is pleased to provide an update on the sale of REZ's interest in the Radio Gold mine and the significant resource upgrade at the Mount Mackenzie gold and silver project.
The sale of REZ’s interest in the Radio Gold mine for $1.5m has been declared unconditional and settlement with 4 payments as set has been agreed.
REZ has also completed the preparation of an updated mineral resource estimate for the Mount Mackenzie Gold and Silver Project.
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Total tonnes have increased to 3.42Mt @1.18g/t Au and 9g/t Ag for a total of 129k oz Au and 862k oz Ag.
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This represents a 44% increase in overall resource tonnage.
