Menzies Springfield Prospect delivers additional Nickel Results. Peak Assay of 1m @ 1.78% Ni, 0.21% Cr, 269ppm Mo, and 245ppm Cu from 98m.

Resources & Energy Group Limited (ASX:REZ or the Company) are pleased to advise it has received additional Multi-Element Assays from the Springfield Prospect. These assays are from a number of sample intervals recovered from the Springfield drilling program. The intervals were selected to check anomalous Nickel results which were identified in the first Borehole, SFRC01.

The results for SFRC01 were released to the market on 13th September 2021 together with a program of follow up investigations. As part of that work, additional sample intervals from four of the scout holes SFRC01, SFRC04, SFRC05 and SFRC09 were re‐submitted for Multi Element assays including Nickel, Cobalt, Chromium, Copper, Molybdenum, Zinc, Platinum and Palladium.

Significant intervals of mineralisation have been encountered in all four holes. Peak down the hole results at COG 0.5% Ni include:

• SFRC01‐13m @ 0.31% Ni, 0.33% Cr, 0.39% S and 26ppm Mo from 93m.
• SFRC04‐11m @ 0.20% Ni, 0.32% Cr, 1.16% S from 85m.
• SFRC05‐42m @ 56% Ni, 0.57% Cr from 19m.
• SFRC09‐16m @ 16% Ni, 0.38% Cr, 0.94% S from 61m.

(1) Includes overlimit ME assay for Sulphur at 5% and overlimit assay for Chromium which is 1%‐these are being re‐tested

These intervals are enclosed within broader intervals of lower tenor Nickel in the order of 0.15‐0.20%, Including:

• SFRC01‐13m @ 0.31% Ni, 0.33% Cr, 0.39% S and 26ppm Mo from 93m.
• SFRC04‐11m @ 0.20% Ni, 0.32% Cr, 1.16% S from 85m.
• SFRC05‐42m @ 0.56% Ni, 0.57% Cr from 19m.
• SFRC09‐16m @ 0.16% Ni, 0.38% Cr, 0.94% S from 61m.

Anomalous intervals of Silver, up to 3.5ppm and Gold, up to 1.95ppm, Copper up to 504ppm, Cobalt up to 823ppm and Platinum+ Palladium up to 40ppb have also been reported. The location of the sampled drill holes is shown on Figure 1. 

Read the full announcement here.

To keep up to date with their news and progress, and for more information about gold mining as a whole, subscribe to the Resources & Energy Group's Chairman's List.