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    • Delayed Prices (USD) - Last Updated 29-06-2022
    • Gold $1,819.40
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    REZ unearths historic nickel hits at Menzies

    Resources & Energy Group Limited (ASX: REZ) has uncovered historic results including 12m @ 1.22% Ni and 7m @ 1.46% Ni from a review of data at the Springfield and Cepline Prospects within its Menzies Project in Western Australia.

    The data, which dates backs to initial findings by mining giant BHP in 1986, includes additional exploration work by Great Australian Resources and Pronto Resources from 2004 to 2008, and lends support to the view that ultramafic rocks along the Springfield side of the project area are prospective for nickel sulphides.

    A two-hole rotary air blast drill campaign was carried out by Great Australian Resources in 2004, following up on a sulphide target at the Cepline Prospect earlier drilled by BHP. The program resulted in a significant interval of 7m @ 1.46% Ni from 16m, within 29m @ 0.8% Ni, from 11m down hole.

    Importantly, bottom-of-hole assays from GAR drill holes terminated in bedrock zones with high nickel content including 15m @ 0.13% Ni from 82m down hole and 14m @ 0.06% Ni from 82m down hole.

    A subsequent 16‐hole AC drill campaign was carried out in 2008 by Proto Resources, targeting earlier BHP and GAR results at Cepline. The program delivered a number of key results including 12m @1.22% Ni, 0.2% Cr, 775ppm Co and 0.22% Zn from 2m down hole, 9m @ 1.08% Ni, 0.22% Cr, 690ppm Co and 0.63% Zn from 1m, and 6m @ 0.90% Ni, 0.22% Cr, 466ppm Co and 0.69% Zn from 26m.

    REZ reports that it is in the process of auditing all previous exploration activities, including ground truthing, borehole locations, and geological observations at prospect scale.

    The Company says that it has also resampled 193 RC intervals from Springfield, with samples submitted for multi-element analysis by inductively coupled plasma mass spectrometry, and platinum-group-metal analysis by fire assay.

    Images: Resources & Energy Group Limited
    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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    • Delayed Prices (USD) - Last Updated 29-06-2022
    • Gold $1,819.40
    • Silver $20.79
    • Platinum $909.00
    • Palladium $1,802.00
    • Dalian Iron Ore i2209 $121.88
    • Aluminium $2,495.50
    • Cobalt $72,400.00
    • Copper $8,417.50
    • Lead $2,003.50
    • Nickel $22,882.00
    • Tin $26,991.00
    • Zinc $3,318.00