Resources & Energy Group Limited (ASX: REZ or the Company) advise it has commenced a scout program of RC drilling investigations along the south‐western side of the East Menzies Gold Project Area. The work is targeting historical RAB and Auger derived gold anomalies which were identified in 2005 by Great Australian Resources. This exploration activity complements work already underway along the eastern side of the project area at Gigante Grande, where drilling investigations are continuing to unveil a large granite hosted gold system, and to the north where production activities at Granny Venn Open Pit are set to commence, refer figure 2.
Exploration along the western or Springfield side of the project area is investigating potential for mineralisation along the Springfield‐Venn fault zone and in particular interflow sediments, which are predicted to occur within a tightly folded and thrust faulted sequence of Mafic basalts and Felsic‐ Ultramafic schists. Investigations will initially commence in P29/2500, where a total of 9 holes are planned for an advance of approximately 900m, refer figure 1 and table 1.
The Springfield‐Venn corridor is a north‐northeast line of gold mineralisation which is approximately 800m wide and 25km long. This corridor is host to the Twin Hills, Cock Robin, Ant Bore and Robbie’s Reward Gold mines, which are located in the north part of the Project area, the Oliver Twist, Granny Venn, Caesar, Aunt Nellie, Aunt Kate, Jenny Venn, Goodenough, Maranoa, and Viking lines which are located in the central west, and the Springfield line of workings which are located in the south part of the project area, refer figure 2.
About Resources & Energy Group Limited
Resources and Energy Group Limited (ASX: REZ) is an independent, ASX‐listed mineral resources explorer and miner with projects located in premier mining jurisdictions in Western Australia and Queensland. In Western Australia, the company’s flagship is the East Menzies Gold Field project (EMG), situated 130km north of Kalgoorlie.
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