Reach Resources expands its Murchison South Gold project in WA with a new mining lease, M59/790, near Payne’s Find. The lease covers the Jacamar deposit, historically showing high prospectivity. Previous exploration was limited to shallow drilling, with potential for deeper gold mineralization. The company aims to develop two viable mining zones.

The Blue Heaven deposit at the Murchison South Gold project has an MRE of 681,000t at 2.8g/t for 61,300oz of gold, while the Pansy Pit has an MRE of 72,000t at 2.5g/t for 5,800oz of gold. The new lease further enhances the project’s scale and potential, strategically located alongside the Great Northern Highway. Reach Resources also explores lithium, manganese, and rare earth elements in the Gascoyne Mineral Field.

Reach Resources’ diversified portfolio includes investments in patented technology for recycling rare earth elements. The company’s focus on expanding the Murchison South Gold project aligns with its strategic growth plans and commitment to sustainable resource development. The new lease underscores Reach Resources’ dedication to maximizing the project’s potential and creating long-term value.

Read more at Yahoo Finance: Reach Resources’ Murchison South Gold project expands with new mining lease