Resources and Energy Group (ASX: REZ) has discovered a gold-rich zone along the east side of the historic East Menzies gold project. A drilling program will commence early this month in hopes to unearth 'the next major discovery'. REZ reveals these areas were overlooked due to an array of factors including poor exposure and application ineffective exploration techniques such as soil sampling and auger drilling.
"These results are a positive step forward in the search for a major deposit, "and are strong indicators of a potential major mineralised zone in this part of the project area" says REZ.
Studies following the advanced western side are investigating opportunities for early cash flow from renewed mining operations. However, in search for 'the big one' the company's focus has shifted to exploring the eastern side of the area.
Read the full Stockhead article here.
To keep up to date with their news and progress, and for more information about gold investment as a whole, subscribe to the Resources & Energy Group Chairman's List.
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Barclay Pearce Capital Management Pty Ltd is the holder of an Australian Financial Services Licence (Number: 503261). The information provided on this website is general in nature only and does not constitute personal advice. The information has been prepared without taking into account you or your company’s objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer documents prior to making an investment decision about a financial product. The material contained on the website is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell financial products.
Barclay Pearce Capital acknowledges the Traditional Owners of the land where we work and live, the Gadigal of the Eora Nation and pays our respects to Elders past, present and to the children of today who are the Elders of the future. We celebrate the stories, culture and traditions of Aboriginal and Torres Strait Islander Elders of all communities who also work and live on this land.