Resources & Energy Ltd (ASX:REZ) is rapidly advancing the exploration and development of the Menzies Gold field in Western Australia.
The company is aiming to unlock the value of the 21-kilometre continuous greenstone belt with drilling at the south end of the East Menzies-Goodenough Project recently commencing.
This is in addition to the Gigante Grande Project, where REZ recently drilled a significant gold intersection.
READ: Resources & Energy Group drills 21 metres at 7.11 g/t gold, potential for large deposit
Drill results featured 21 metres at 7.11 g/t gold from 36 metres including 5 metres at 29.19 g/t gold and 8 metres at 6.96 g/t gold from 72 metres.
Notably, the 21-metre intersection ended in gold mineralisation of 13.84 g/t gold at 57 metres depth.
Goodenough drilling
Mobilisation of a drill rig to Goodenough has been completed and the first round of drilling is now well underway.
The company is working to deliver in a short time frame, an update on the Goodenough JORC 2012 resource.
REZ chief executive officer Christian Price said: “The drilling of Goodenough is the first stage of the exploration and development of the 21km of Greenstone belt at the East Menzies project.
“We are looking forward to making Menzies great again and demonstrating to investors the scope and the scale of the Menzies Gold field.”