Reach Resources (ASX: RR1) has commenced drilling at the company’s 100% owned Murchison South gold project at Payne’s Find in WA.
The RC programme will consist of approximately 12 holes, with the majority between 60-80m in depth.
In December, Reach Resources released an update following the commencement of a strategic review of Murchison South which further identified key exploration targets and growth opportunities within the broader project area.
This first stage of the strategic review aimed at identifying opportunities and expansion potential within the Murchison South gold project, leveraging the favourable gold pricing environment and enhancing the company's gold exposure. The review suggested that substantial gold mineralisation potential at Murchison South offers immediate growth opportunities.
As part of this review, the Blue Heaven prospect was remodelled using Ordinary Kriging (OK) and Multiple Indicator Kriging (MIK). These advanced techniques more accurately evaluate the subsurface mineralisation in terms of size, shape, and orientation.
By incorporating a detailed analysis of various geological data sets, the new model uncovered previously overlooked opportunities for further expansion at the Project. The model was created specifically for this exploration purpose and not to update the existing Mineral Resource Estimate (MRE); therefore, no formal resource estimate will be provided.
First and foremost, target infill gaps within the revised block model will be prioritised to confirm immediate open pit mining opportunities. This is fundamental to the monetisation of our gold resource.