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Resources & Energy (ASX:REZ) - Chairman, Gavin Rezos (left)
Chairman, Gavin Rezos (left)
Source: Business News
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  • Resources & Energy (REZ) has received further results from its January drilling program at the Gigante Grande prospect in WA
  • The company has received results from an additional two holes which were drilled to test the north and south extensions of previous mineralisation
  • Both holes intersected significant zones of gold mineralisation with grades peaking at 32.33g/t gold
  • REZ is waiting on results from a further four holes which will be reported on in due course
  • Furthermore, the company has secured the services of a drilling contractor on a regular monthly basis to further exploration
  • REZ is up 4.44 per cent and shares are trading at 4.7 cents

Resources & Energy (REZ) has received further results from its January drilling program at the Gigante Grande prospect.

Gigante Grande is part of the East Menzies Project which is situated 130 kilometres north of Kalgoorlie in Western Australia.

It lies within the highly prospective Norseman-Wiluna Belt and consists of three mining leases, one exploration lease and 14 prospecting lease applications.

REZ has received results from a further two holes with both intersecting significant zones of high-grade gold mineralisation.

Best results include one metre at 32.33g/t gold, one metre at 19.02g/t gold from 36 metres and one metre at 18.95g/t gold.

These two holes were drilled to test the north and south extensions of the mineralisation intersected in hole 12, which returned up to 76.4g/t gold.

REZ is waiting on results from a further four holes which will be reported on in due course.

Further, now that drilling has wrapped up, REZ has secured the services of a drilling contractor on a regular monthly basis.

This will allow for better exploration as work expands over the project area.

REZ is up 4.44 per cent and shares are trading at 4.7 cents at 1:04 pm AEDT.

REZ by the numbers
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