---
title: REZ champions GOLD amidst COVID-19!
description: REZ Geologists have reevaluated historical drilling in the East Menzies Gold Project and see potential to establish a larger gold anomaly. 
---

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# [REZ champions GOLD amidst COVID-19!](https://www.barclaypearce.com/blog/rez-champions-gold-amidst-covid19)

 Written by [Ethan Perrett](https://www.barclaypearce.com/blog/author/ethan-perrett) | Apr 9, 2020 4:53:33 AM

Barclay Pearce is pleased to provide the following highlights on Resource & Energy Group:

REZ Geologists have reevaluated historical drilling in the [East Menzies Gold Project](https://www.proactiveinvestors.com.au/companies/news/904325/resources--energy-group-secures-additional-ground-at-menzies-gold-project-904325.html) and see potential to establish a larger gold anomaly. 

Prior drilling results (of significance) for the area include;

- 7.11 g/t from 36m, including 5m at 29.19 g/t from 52m.
- Mineralisation at 13.84 g/t at 57m
- 8m at 6.96 g/t from 72m and 1m at 49.9 g/t from 135m

On-going ground reconnaissance has warranted two additional prospects being added to the current drilling campaign and increasing the total planned metres from 15,000m to 20,000m. **Initial results from this campaign are anticipated to be released shortly**.

 

Further, The Mount Mackenzie Scoping study released in 2019 identified a 300,000tpa open cut development with an onsite gold plant as the most appropriate case for the progression of the project to Feasibility Study and **confirmed the potential for a low cost Gold Project** - $13m Capex, $35m EBITDA. 

 

**An updated IM & scoping study is expected to be released to the market shortly** with the revised gold price and cut-off grades.

- The scoping study incorporates Indicated and Inferred Resources of 2.37Mt grading 1.31g/t Au for 100koz of contained gold and 2.37Mt grading 8.2g/t Ag for 624koz of contained silver (JORC 2012)
- A Mineral Development License (MDL) has been formally granted over the entire Mount Mackenzie Mineral Resource area.

Subscribe to The Chairman's List to receive future REZ updates and other upcoming transactions.

 

 

[View full post](https://www.barclaypearce.com/blog/rez-champions-gold-amidst-covid19)

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