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- Resources & Energy (REZ) has received all results from drilling undertaken at the Gigante Grande prospect in Western Australia
- A short drilling program was undertaken in November with aims to discover a large vein and shear-hosted gold system at the prospect
- Grades peaked at 16g/t gold and results have confirmed Gigante Grande is a significant and large gold mineralised system
- Resources & Energy also began its third round of drilling earlier in the month which is aiming to infill and further test gold mineralisation at the prospect
- Company shares are up a healthy 21.3 per cent on the market and are trading at 5.7 cents
Resources & Energy (REZ) has received all results from drilling undertaken at the Gigante Grande prospect in November last year.
Gigante Grande is part of the East Menzies Project which lies 130 kilometres north of Kalgoorlie in Western Australia.
A short drilling program was undertaken in November with aims to discover a large vein and shear-hosted gold system at the prospect.
Best results include four metres at 4.92g/t gold from 96 metres, including one metre at 16g/t gold from 97 metres, and five metres at 3.59g/t gold from 199 metres, including two metres at 7.55g/t gold from 199 metres.
These results confirm that Gigante Grande is a significant and large gold mineralised system.
So far, the strike length at Gigante Grande measures over 1.2 kilometres in length and 150 metres in width.
Resources & Energy also began its third round of drilling on January 6 which is aiming to infill and further test gold mineralisation at the prospect.
Company shares are up a healthy 21.3 per cent on the market and are trading at 5.7 cents at 11:55 am AEDT.
