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Resources & Energy (ASX:REZ) - Chairman, Gavin Rezos
Chairman, Gavin Rezos
Source: Business News
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  • Resources and Energy (REZ) has extended the strike length of its Gigante Grande prospect to 1.4 kilometres from drilling conducted in January this year
  • The Gigante Grande prospect sits on the eastern side of the East Menzies Gold Project, which is located in WA
  • Drilling returned grades of up to 6.17 and 9.36g/t gold
  • The program aimed to test northwest and northeast-trending structures interpreted from geophysical work
  • Exploration at the Gigante Grande prospect is ongoing as part of REZ’s aim to find a tier-one asset within the East Menzies Gold Project
  • Company shares are up 20 per cent and trading at 4.8 cents

Resources and Energy (REZ) has received results from drilling undertaken at the Gigante Grande prospect in January this year.

Gigante Grande sits on the eastern side of the East Menzies Gold Project, which is located in Western Australia.

The January drilling program aimed to test a combination of northwest and northeast-trending structures interpreted from geophysical work.

Best results include eight metres at 1.66g/t gold from 11 metres, including one metre at 9.36g/t gold from 14 metres, and 17 metres at 2.79g/t gold from 57 metres, including four metres at 6.17g/t gold from 61 metres and three metres at 4.7g/t gold from 68 metres.

Pleasingly, Gigante Grande’s strike length has now been extended to 1.4 kilometres with mineralisation ranging from an 11-metre to 200-metre depth.

Resources and Energy’s exploration program at the Gigante Grande prospect is ongoing as part of its aim to find a tier-one asset within the East Menzies Gold Project.

This month, the company has been undertaking a small, six-hole program at Gigante Grande which is designed to test the northern and southern extensions of the prospect.

Company shares are up 20 per cent and trading at 4.8 cents and 11:49 am AEDT.

REZ by the numbers
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