Regional Air Core Drilling Program unveils ten large shear and vein hosted gold systems up to 2.5km in length and 400m wide.
Highlights
- Anomalous regolith mineralisation (+100ppb), distributed over two domains in the central south and eastern domains of the East Menzies Gold Project area have been unveiled.
- Up to gram level gold has been intersected in saprolite on wide spaced air‐core drilling with a peak assay of 6.7gt/au.
- At Chronos, the shallow (average 30m) air‐core drilling has identified multiple northeasterly gold trends within the southern part of the Springfield‐Venn‐gold corridor.
- In conjunction with previously released Demeter and Kore (1) results, the air core program has now delineated 10 zones of anomalous regolith mineralisation.
- Multiple gold trends have now been identified under cover which range from 0.1km to 2.5km in length and are between 100m to 400m wide.
- Results include mineralised intervals of up to 28m thickness, which typically range from 20 to 40m depth.
(1) ASX Release 21st April 2020
Resources & Energy Group Limited (ASX: REZ or the Company) announce that shallow (av 31m) first pass air-core drilling at the Chronos Prospect has unveiled a further five large +100ppb gold anomalies, with isolated grades exceeding +1gpt Au. A total of 180 holes for approximately 5000m of air-core drilling has been completed. In conjunction with previously released Demeter and Kore (1) results, the air core program has now identified 10 zones of anomalous regolith mineralisation, distributed over two domains in the central and east part of the East Menzies Gold Project area.
(2) East Menzies Gold Project Regional Location Plan
As a result of these findings the company has decided to bring forward a deeper reverse circulation (RC) drilling program to drill test the resource potential of these mineralised systems. Drilling is expected to commence in early September.
Download the full announcement here.
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