Resources & Energy Group (ASX:REZ) has commenced a reverse circulation drilling campaign at its flagship East Menzies Gold Project, signaling a concerted push to expand its footprint in Western Australia’s goldfields.
The program is dual-focused, targeting the Gigante Grande and Goodenough deposits to unlock significant resource upside and refine geological modeling.
At Gigante Grande, which currently hosts an inferred mineral resource of 40,700 ounces, the drill bit is hunting for mineralisation beneath known supergene zones and along critical lithological contacts.
The company has high expectations for this site, having previously identified an exploration target of up to 500,000 ounces within the Central Domain.
Meanwhile, at Goodenough—a site with a history of high-grade underground production—drilling will test for extensions and infill existing gaps, guided by fresh surface mapping and encouraging historical intercepts, such as 3m at 2.27 g/t Au.
The campaign is more than just a search for gold; it is a foundational step in REZ’s broader strategy to monetise the East Menzies assets.
At the time of reporting, Resources & Energy Group’s share price was $0.015.