Resources & Energy Group (ASX:REZ) share price sinks 7% // The Motley Fool Australia

The Resources & Energy Group Ltd (ASX: REZ) share price has dropped more than 7% so far today, after pumping 21.28% higher yesterday on the back of a positive drilling announcement at one of its prospects.

At the time of writing, the Resources & Energy Group share price is sitting at 5.3 cents per share

‘Significant’ gold system confirmed at Gigante Grande

Yesterday morning, the company announced the success of its November 2020 drilling program at its Gigante Grande prospect in Western Australia. Commenting on the results, Resources & Energy Group stated: 

The results confirm that Gigante Grande prospect, on the eastern side of the East Menzies Gold field project, is a significant and large gold mineralised system. REZ will…