Resources & Energy Group (ASX: REZ) is pleased to announce the drill results extend Gigante Grande gold mineralisation to a 1.2km strike.
Highlights:
- Step out drilling 700m south of 20EMRC012 has intersected multiple zones of gold
mineralisation in 3 drill holes 20EMRC016, 20EMRC015 and 20EMRC014 - Mineralisation is in a similar geological and structural setting to recently announced
positive drill results at Gigante Grande. - Results include 20EMRC014 with 15m@ 1.04gt/Au from 46m down the hole, which
includes a peak assay of 2m@3.85gt/au from 58m down the hole and 20EMRC016 with
multiple zones of 1 and 2g/t au/metre results between 54m to 113m. - These holes were terminated at 80m and 120m respectively, short of the depth of
previously reported high grade intervals of 76.4g/t, 49.9g/t and 26.7g/t found at
134, 135 and 186m respectively. - Results at 20EMRC008, 240m north of 20EMRC012 have also confirmed a 98m zone of
continuous mineralisation from 34m with a high of 1m at 2.91g/t Au as set out herein. - The confirmation of mineralisation in these holes demonstrates that the Gigante Grande
prospect represents a large gold system with a significant strike component. - The total strike over which gold mineralisation has been encountered is now 1.2km long.
- Mineralisation is open to the north and south.
The target zone, which is expressed as strong magnetic lineaments into and along the
granite-mafic contact, ranges in width from 150-500m and has a length of approx 5km
Download the full announcement here.
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