| Announcement Date: | 2022-10-25 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Resources & Energy Group Ltd. |
| Project name: | East Menzies |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 3m at 6.74g/t Au from 8m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Resources & Energy Group Limited (ASX: REZ) (REZ or the Company), advise that results from the recently completed September/October drilling program have been received. Numerous high grade and broad intervals of gold mineralisation have been intersected at the Maranoa, Sunday, and Gigante Prospects. Details of significant results at COG 0.3g/t au are presented in the table below. Complete drilling details including all assays at COG 0.3gt/au and supporting JORC checklist are provided in Table 3 and in Appendix 1. Drilling Activities During September and early October, the company completed 32 holes at East Menziesfor an advance of 3945m. The drilling Investigations targeted multiple prospects across the greater East Menzies Goldfield Project area including Gigante Grande, Maranoa, Granny Venn North, and Oliver Twist. The work was fully funded from cash flow generated from recent mine operations completed at Granny Venn in July 2022. A total of 33 holes were originally planned for an advance 4400m however several holes testing the resource at Gigante Grande, and Oliver Twist could not reach completion depth due to wet and boggy drilling conditions. One hole |
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