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Reach Resources Limited ( (AU:RR1) ) has shared an update.
Reach Resources Limited has announced the granting of a new mining lease, M59/790, at its Murchison South Gold Project. This lease covers the Jacamar gold deposit, which is strategically located between the Blue Heaven and Pansy Pit deposits. The lease enhances the potential for significant mining operations in the area, with historical drilling indicating promising gold grades. The company is conducting rock chip sampling to assess surface gold and quartz vein exposure, which could further bolster its mining prospects.
More about Reach Resources Limited
Reach Resources Limited is a company operating in the mining industry, focusing on gold exploration and development. The company is involved in the Murchison South Gold Project, which includes significant gold deposits such as Blue Heaven and Pansy Pit.
Average Trading Volume: 1,985,156
Technical Sentiment Signal: Sell
Current Market Cap: A$7.87M
For an in-depth examination of RR1 stock, go to TipRanks’ Overview page.