ASX-listed Resources and Energy Group (REZ) has received results from the company’s 2023 opening drilling campaign at the Springfield nickel prospect, with multi-element and precious metal assay results for SFRC016 confirming the hole intersected a significant interval of meta-komatiite hosted nickel sulphides.
Economic-grade komatiite hosted nickel-cobalt results have been announced in drill assays at Springfield.
The target area spans a 3.5 km by 1.5 km ultramafic zone.
There is the potential for opencut operations.
The target falls within REZ’s 100 km2 consolidated and extensive East Menzies tenement position.
“This is a strong indication that REZ has identified a large and shallow nickel deposit with prospects for opencut development. The nickel and gold opportunities within REZ’s Menzies tenements are resulting from the consolidation of 40 to 50 small prospecting holdings into the extensive 100%-owned package we have today.
“This has also opened the way to modern approaches for exploration and the sorts of drill hits we are now enjoying,” says REZ MD and CEO J. Daniel Moore.
The company is awaiting precious metals assays for SFRC017, SFRC018, SFRC019 and SFCR020 in the coming weeks, before planning work begins on the next stage of drilling.
Further drilling will also test the continuity and extensions of the zones of disseminated nickel further west and east of SFRC016.