Drill results feature 21 metres at 7.11 g/t gold from 36 metres including 5 metres at 29.19 g/t gold and 8 metres at 6.96 g/t gold from 72 metres.
Notably, the 21-metre intersection ended in gold mineralisation of 13.84 g/t gold at 57 metres depth.
REZ CEO Christian Price commented: "Gigante Grande – Kota Paxi represents an additional mineralised region in the Menzies project with significant potential for growth.
"The large surface anomaly identified, followed up by exceptional confirmatory drilling, provides a great basis for further exploration work to expand on this mineralised footprint.”
Gold at the two prospects could be part of the same system
The Gigante Grande prospect is located 3 kilometres from the Kota Paxi prospect, where early exploration has also intersected gold anomalies.
The prospects cover over 3.5 square kilometres of anomalous gold in soil and bedrock mineralisation.
A potential connection between the two, if proved, would result in an area having a combined length of 4.7 kilometres, ranging from 150 to 500 metres in width with a surface area of close to 9 square kilometres.
Notably, a potential connection between the two bedrock gold anomalies was previously speculated by Goldfields Exploration but never investigated.
Further surface exploration is planned to provide more information on the continuity of the bedrock gold anomalies already identified at Gigante Grande and Kota Paxi.
A program of reverse circulation (RC) drilling is also proposed over a number of higher geochemical responses which have not yet been drill tested.
Necessary permits to facilitate these activities have been lodged and are currently being assessed.