Reach Resources Limited (ASX: RR1) (“Reach” or “the Company”) is pleased to announce assay results from a small RC drilling program which tested base metal and gold targets peripheral to the Company’s Blue Heaven and Pansy Prospects within the Primrose Gold Project, located approximately 420 km northeast of Perth, Western Australia (“Project”). The modest program was designed to test base metal and gold targets on tenements held by Reach Resources that surround the main gold projects at Blue Heaven and Pansy. These tenements were all due for renewal and had not been adequately tested to determine their exploration potential.


Highlights

  • Five tenements peripheral to the main tenements at Paynes Find were tested by a small RC drilling program for the purpose of meeting minimum exploration expenditure.
  • Tenements located to the West of the Company’s primary gold prospects at Blue Heaven and the Pansy Pit (Primrose Gold Project), following up on low order soil geochemical anomalies.
  • 39 RC drill holes were completed for a total of 1,006m.
  • Gold mineralisation confirmed north of Pansy Pit at historic Jacamar workings.
Drilling Program

Samples collected at Jacamar on P59/2059 were collected at 1 m intervals while the remaining samples were collected as 3 m composites by carefully scooping representative samples off 1 m chip piles placed alongside the drill rig. The drill holes were designed to be inclined 60 degrees approximately orthogonal to the regional dip of the stratigraphy with most of the holes drilled to 29 m depth.

Figure 1 – Paynes Find Project Location Plan


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This article includes content from Reach Resources Limited, 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.

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