Resource and Investment (ASX :RNI) has revealed assay results from drilling undertaken to support ongoing feasibility studies at its Grosvenor gold project in Western Australia .
A 1,122 metre reverse circulation program at the Ricks Prospect, which forms part of the Daylight/Starlight gold resource, has returned robust gold assays.
RNI has also completed a 518.6 metre metallurgical diamond drilling program at the Callies and Yarlarweelor open pits.
Significant results from Ricks included 10 metres at 3.87 grams per tonne gold from 37 metres, with 1 metre at 32.3 grams per tonne.
Metallurgical drilling at Callies and Yarlarwee intersected 10.9 metres at 1.03 grams per tonne from 170 metres and 7 metres at 2.66 grams per tonne from 213.2 metres.
The feasibility studies are evaluating the economics of mining various gold resources within the Grosvenor and Peak Hill projects.
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