ASX:RR1

Maiden Inferred Resource Blue Heaven Prospect Primrose Gold Project

Reach Resources Limited(ASX: RR1) (“Reach” or “the Company”) is pleased to announce its Maiden Mineral Resource estimate reported in compliance with JORC (2012), for the Blue Heaven Prospect within the Primrose Gold Project, located approximately 420 km northeast of Perth, Western Australia (“Project”).


Highlights

  • Total Inferred Mineral Resource of approximately 1.035 Mt @ 3.2g/t Au for 105,000oz Au (1.0g/t cut off) at the Blue HeavenProspect
  • Includes a higher-grade component of approximately 0.582 Mt @ 4.7g/t Au for 87,000oz Au (1.5g/t cutoff)
  • Primrose Gold Project comprises the Company’s Blue Heaven and Pansy Pit Prospects. Inferred Mineral Resource based solely on Blue Heaven
  • Significant potential upside exists via further drilling at the Pansy Pit Prospect
  • Mineral Resource restricted to 100m depth below surface due to insufficient detailed drilling at depth of the nuggetty natured mineralization
  • Preliminary desktop optimisation studies indicate strong potential for economic extraction of the majority of the mineral resource - approximately 784,000 tonnes at 3.6g/t Au for 92,000ounces
  • Company can now pursue the monetisation of the Blue Heaven Resource
  • Further drilling required to further evaluate targets located down dip and along strike of untested historical workings (Exploration Target) and high-grade mineralisation down dip and plunge of the Mineral Resource below a depth of 100m belowsurface.

Resource Estimation

A Mineral Resource estimate has been developed at the Blue Heaven Prospect within the Company’s Primrose Gold Project. The estimation was completed by Philip A. Jones as a Competent Person based on data provided by the Company.

Click here for the full ASX Release

This article includes content from Reach Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

The Conversation (0)
Sort by
EMU NL (ASX:EMU)

EMU NL


Keep reading...Show less
Gold bars, Charlotte McLeod.

Top Stories This Week: Gold Back Above US$2,700; Plus — Send Your Questions for Rick Rule and More

The gold price broke through US$2,700 per ounce this week for the first time in about a month, rising to the US$2,720 level as it reacted positively to US inflation data released on Wednesday (January 15).

The latest report from the Bureau of Labor Statistics shows that the consumer price index (CPI) was up 2.9 percent year-on-year in December, higher than November's 2.7 percent annual increase.

Meanwhile, CPI was up 0.4 percent from the previous month, above the 0.3 percent rise in November.

Keep reading...Show less
Metal letterpress sign that says Top 50.

6 Mining Companies Make Top 20 on 2025 OTCQX Best 50 List

Six mining companies broke the top 20 in the recently released 2025 OTCQX Best 50, an annual list recognizing the 50 top-performing companies traded on the OTCQX Best Market during the previous calendar year.

The rankings evaluate companies based on a combination of one-year total return and average daily dollar volume growth, offering investors insight into companies delivering strong performance across diverse sectors.

The 2025 OTCQX Best 50 features a broad array of US and international firms, with industries ranging from technology and healthcare to mining and financial services. Companies in the resource sector were well represented on the list, with more than 15 focused on mining and energy placing in the Best 50.

Keep reading...Show less
David Erfle, gold bars.

David Erfle: Cash Position Never Larger, Chaos and Volatility Ahead

Speaking to the Investing News Network, David Erfle, editor and founder of Junior Miner Junky, shared his outlook for gold and silver in 2025, also explaining what he thinks has been holding gold stocks back.

For Erfle, interest from generalist investors is the key missing ingredient, but it may finally return this year.

"That's what we need — we need to get that generalist investor interest back into this sector. They left in 2012, 2013 and they haven't returned," he explained during the conversation.

Keep reading...Show less

Latest Press Releases

Related News

×