Mining consultants run ruler across Reach’s WA gold project

The West Australian12-11

Reach Resources has appointed a global mining technical services firm to independently review the expansion potential of its Murchison South gold project in Western Australia’s Mid West region and to ...

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After conducting an extensive internal review, it is crucial we now seek independent confirmation of our findings, including the identification of additional opportunities at the project. Mining Plus has recommended that we proceed with a targeted drill program, which we plan to commence in early January 2025. Reach Resources CEO Jeremy BowerBower said the company is working with various local parties to gain a better understanding of processing opportunities within the area.Several gold mills are within trucking distance of the project, providing Reach with the opportunity to monetise its asset at today’s roaring gold price. Gold is trading more than 30 per cent higher than it was at the beginning of the year.The Murchison South project sits near Paynes Find, which is about 430km northeast of Perth.The site contains an inferred mineral resource of 1.035 million tonnes at 3.2 grams per tonne (g/t) gold for 105,000 ounces and includes a higher-grade component of 582,000t at 4.7g/t gold for 87,000 ounces.Gold in the region has an interesting history, dating back to its discovery in 1911 by Thomas Payne, who pegged the first lease.Activity in the region increased in the late 1930s with about 500 people prospecting or mining gold in the area.Historic reports indicate 69,000t of ore were mined between 1911–1982 and produced 63,000 ounces of gold at an average grade of 25g/t.If Reach can expand its gold resource with further exploration and achieve anywhere near those historic grades, it could potentially have a golden period ahead.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490887062"}