Resources & Energy Group Limited (ASX: REZ) has received further outstanding drill results from the January 2021 drilling program. Complete results for Boreholes 21EMRC004 and 21EMRC005 have now been issued. The company is still waiting on results from a further four holes.

Significant zones of high‐grade gold mineralisation, which are enclosed within much broader intervals of lower grade mineralisation have been encountered in both holes.  

Highlights:

• Additional high‐grade results received from holes 21EMRC004 and 21EMRC005.
• Peak results from 21EMRC004 include:
  • 1m @ 19.02g/t from 36m, and;
  • 1m @ 32.33g/t
  • 1m @ 12.32g/t
  • 1m @ 18.95g/t

within 27m @3.7g/t from 65m, and:

• • 1m @ 4.33g/t
    
    
  within 7m @1.35g/t au from 100m
  
  
• 21EMRC004 intersected 41m of gold mineralisation over 8 intervals from 36 to 121m down the hole with an average grade of 3.22g/t at a cut of grade of 0.3g/t au.
• 21EMRC005 intersected 77m of gold mineralisation over 7 intervals from 24m to 133m down the hole with an average grade of 1.02g/t au at a cut of grade of 0.3g/t au. This hole is essentially continuously mineralised over an interval of 109m with anomalous gold values from 24m to 133m with a combined average of 0.80g/t au including all dilution.

Ongoing Drilling

REZ is continuing exploration of Gigante Grande with the primary aim of making a tier one gold asset discovery within the East Menzies Goldfield. The Company also confirms that after completion of the March drilling campaign, the services of a drilling contractor has been secured on a more regular monthly basis. This will provide better exploration continuity, as the company expands operations over the greater project area.  Whilst considerable delays are still being encountered with laboratory turn‐ around times exceeding 10 weeks, the companies resolve is to continue with short strategic campaigns, on two or more prospect areas. This will enable the company to” leapfrog” between prospects whilst waiting on results from one project area to another.

Borehole Location plan Showing Significant Intervals of Gold Mineralisation-recent results highlighted.

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