Resources & Energy Group Limited (ASX: REZ) has received additional positive Multi Element Assays from the Springfield Prospect in Western Australia.
These assays are from a number of sample intervals recovered from the Springfield drilling programme. The intervals were selected to check anomalous Nickel results which were identified in the first Borehole, SFRC01.
As part of that work, additional sample intervals from four of the scout holes SFRC01, SFRC04, SFRC05 and SFRC09 were re‐submitted for Multi Element assays including Nickel, Cobalt, Chromium, Copper, Molybdenum, Zinc, Platinum and Palladium.
Significant intervals of mineralisation have been encountered in all four holes.
Peak down the hole results at COG 0.5% Ni include:
· SFRC01‐1m @1.78% Ni, 0.21% Cr, 5% S (1), 269ppm Mo and 245ppm Cu from 98m.
· SFRC04‐1m @ 0.5 % Ni, 0.19% Cr, 4.4% S, from 88m
· SFRC05‐2m @ 1.02% Ni, 0.6% Cr, 0.4% Zn, from 29m and 2m @ 1.1 % Ni, 1% Cr (2), 0.49% S, 0.45% Zn, 0.07% Co from 36m, included within 9m @ 0.8 % Ni, 0.62% Cr, 0.31% Zn from 29m.
Includes overlimit ME assay for Sulphur at 5% and overlimit assay for Chromium which is 1%‐these are being re‐tested
These intervals are enclosed within broader intervals of lower tenor Nickel in the order of 0.15‐0.20%, Including:
· SFRC01‐13m @ 0.31% Ni, 0.33% Cr, 0.39% S and 26ppm Mo from 93m
· SFRC04‐11m @ 0.20% Ni, 0.32% Cr, 1.16% S from 85m
· SFRC05‐42m @ 0.56% Ni, 0.57% Cr from 19m.
· SFRC09‐16m @ 0.16% Ni, 0.38% Cr, 0.94% S from 61m Anomalous intervals of Silver, up to 3.5ppm and Gold, up to 1.95ppm, Copper up to 504ppm, Cobalt up to 823ppm and Platinum+ Palladium up to 40ppb have also been reported.
The Springfield area was identified by the company following a review of historical BHP and CRA exploration results and historical gold mining activities.
Next Steps
The geochemical results obtained from these assays confirm that the Meta‐Komatiites and overlying sediments at Springfield have significant concentrations of Nickel, Chromium and Zinc.
The anomalous occurrences of Molybdenum, Copper, Silver, Gold and Platinum, are also noteworthy.
The company is arranging petrological assessment of sample from the program to understand the form in which these minerals occur. The program of work for the Springfield area will also need to be resubmitted to allow for sump construction to capture bore water from future drilling activities. In this connection it is noted that three of the Springfield holes were terminated short of target due to excessive water make.
For further information please visit: https://www.rezgroup.com.au/
