Posted in | Gold | Mining Business

Resources & Energy Limited to Commence Drilling to Define and Grow the High-Grade Goodenough Deposit

Resources & Energy Limited, developing a portfolio of gold mining tenements through to production, will commence a drilling program at the Company’s Goodenough Project, mobilizing on 22 July 2019 with assay results to follow shortly after.

This drilling campaign is the first of many to further define and grow the company’s mineral prospects in the East Menzies Goldfield.

The Goodenough deposit represents a number of similar late stage resource targets in the East Menzies Project that can be readily converted to JORC 2012 resource.

REZ plans to continue to develop the Goodenough project through to indicated and measured resource categories.

CEO Christian Price said, “Following our relisting REZ has commenced reporting significant historical results at our East Menzies Project. We are looking forward to drill mobilization and starting work to bring historic resources up to date with new results confirming historic data targeting extensions to the Goodenough gold resource.”

East Menzies Gold Project, Menzies, WA

The East Menzies Gold Project is located 130km north of Kalgoorlie. The project has a collective surface area of 90 km2 and consists of three Mining Lease’s twenty-eight Prospecting Lease’s, one Exploration Lease and fourteen Prospecting Lease Applications.

These mining and exploration instruments are host to a 20 km continuous strike of a mineralised Greenstone Belt, including the Springfield Venn Gold Corridor, and the Goodenough Syncline.

The Project is located within the highly prospective Norseman-Wiluna Greenstone Belt, with evidence of gold mineralization and historical production throughout the tenement package.

Multiple project areas with existing exploration targets supported by high grade drill results; largely untested below 100 m.

Source: https://www.rezgroup.com.au/

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