Resources & Energy Group Limited (ASX: REZ) is preparing to drill a large anomaly it has identified at the Northern Zone area at its Menzies Gold Project in Western Australia.
The significant gold-in-soil anomaly measuring 1.2km by 500m has been identified through historic soil and rock chip geochemistry.
REZ’s Chief Executive Christian Price said the anomaly, which is represented by strong grades of over 40ppb with a peak of 1080ppb gold, is located within the Springfield Venn Gold Corridor.
This corridor is host to a productive greenstone sequence which has supported a number of mines further south in the Menzies Goldfield, including the Granny Venn, Caesar, and Aunt Nellie open pits.
The anomaly is supported by rock chip geochemistry which indicates potential for commercial gold occurrences along the entire 11km strike length of the Springfield-Venn Corridor.
These results are very strong, both in terms of their grade and the extensive area they cover. When they are combined with the exceptionally high grades of the historic pits mined nearby, the huge potential of the Menzies Project is clear,” Mr Price said.
“Some of the most outstanding grades in the Menzies region have come from this area, including reported grades of 22.25g/t at the New Start prospect and 98.5g/t at the Cock Robin prospect.
“We look forward to progressing the targets in this zone and increasing the scope and scale of the entire Menzies Project.”