More Nickel at Menzies, Peak Historic results of 12m @1.22% and 7m @1.46% Ni
Resources & Energy Group Limited (ASX: REZ or the Company) are pleased to provide an update for ongoing Nickel investigations at the Springfield and Cepline Prospects. Further research by the Company has identified additional mineral exploration results at the Cepline Prospect which support the initial findings of Nickel mineralisation by BHP in 1986. Air Core drilling by Proto Resources in 2008 reported a peak assay of: 12m @1.22% Ni, 0.2% Cr, 775ppm Co and 0.22% Zn from 2m down the hole (MZ801) and 9m @ 1.08% Ni, 0.22% Cr, 690ppm Co and 0.63% Zn from 1m (MZ811) Earlier RAB drilling by Great Australian Resources (GAR) in 2004 also reported a significant interval of: 7m @ 1.46% Ni from 16m within a total of 29m @ 0.8% Ni, from 11m down the hole, (CNRC1) Significantly, the bottom of hole assays for the GAR drillholes terminated in bedrock zones with high Nickel content including 15m @ 0.13% Ni from 82m down the hole (CNRC02) and 14m @ 0.06% Ni from 82m down the hole (CNRC01) These additional results support the view that the ultramafic rocks along the Springfield side of the East Menzies project area are prospective for nickel sulphides. The Company is undertaking further research towards developing a suitable exploration program to investigate the mineral bearing potential of the area
