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    Home News Gold Resources & Energy Group intersects shallow, high-grade gold at Gigante Grande

    Resources & Energy Group intersects shallow, high-grade gold at Gigante Grande

    Resources & Energy Group Limited (ASX: REZ) announced that shallow high‐grade results including 1m @ 9.36g/t from 14m were received from hole 21EMRC001 of the January 2021 drilling program at the Gigante Grande prospect located on the eastern side of the East Menzies Gold Project in Western Australia.

    Other peak results included 1m @ 11.02g/t from 63m within 4m @ 6.17g/t from 61m; and 3m @ 4.7g/t from 68m.

    REZ said that altogether, 21EMRC001 intersected 33m of gold mineralisation from 11m to 74m including zones of 17m @ 2.79g/t Au from 57m, 8m @1.66g/t from 11m, 6m@0.77g/t au from 32m.

    The company said that the Gigante Grande strike length has now been extended to 1.4km with mineralisation ranging from depths of 11m to 200m depth.

    REZ announced that step out drilling has commenced to test resource extents to the north and south of the currently drilled prospect.

    Drilling at Gigante Grande

    The January drilling program at Gigante Grande prospect was aimed to test a combination of northwest and northeast-trending structures interpreted from geophysical work.

    The company has now reported partial drill results from the January 2021 drilling program, including 21EMRC001, 21EMRC002, and 21EMRC003. REZ said that additional drill results from this campaign will be available within a week.

    REZ said that 21EMRC001 was drilled to test a southerly continuation of mineralisation intersected in boreholes 20EMRC16, 20EMRC15, and 20EMRC14. Borehole 21EMRC002, drilled to the north of this same line did not reach targeted depth due to hole collapse, and was abandoned at 150m.

    Significant intervals of gold mineralisation

    The company announced that the exploration work continues to unveil significant intervals of gold mineralisation at Gigante Grande with the shallowest intersections to date being reported.

    REZ reported that borehole 21EMRC001 provided highlights with five zones of mineralisation being intersected including 8m@1.66g/t Au from 11m, including 1m @ 9.36g/t Au from 14m; 1m@1.45g/t Au from 25m; 6m@0.77g/t Au from 32m, including 1m@2.1g/t Au from 32m; 1m@1.76g/t Au from 45m; and 17m@2.79g/t Au from 57m, including 4m@6.17g/t Au from 61m and 3m@ 4.7g/t Au from 68m.

    The company said that altogether, 21EMRC001 intersected 33m of gold mineralisation, with a cut-off grade above 0.3g/t Au distributed over five intervals from 11 to 74m down the hole.

    REZ noted that Gigante Grande strike length has now been extended to 1.4km with mineralisation ranging from depths of 11m to 200m depth.

    What’s next?

    REZ said that it is continuing exploration of Gigante Grande in pursuit of its aim of finding a tier one asset within the East Menzies Goldfield.

    The company said that a short March drilling program at the Gigante Grande prospect has been underway, directed at drill testing northern and southern extensions to the currently drilled prospect. REZ said that a total of 6 holes on two east‐west lines for an advance of 908m was carried out as part of this work.

     

    *Image Source: Resources & Energy Group Limited

    Jonathan Norris
    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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