Sorafutures.com
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
  • Home
  • Futures Exchange
  • Futures News
  • Futures Quotes
  • Futures Types
    • Agricultural Futures
    • Energy Futures
    • Financial Futures
    • Metal Futures
  • Knowledge
No Result
View All Result
Sorafutures.com
No Result
View All Result
ADVERTISEMENT

Reach Resources Launches Drilling Program at Murchison South Gold Project

Yuki by Yuki
13/01/2025
in Metal Futures
Reach Resources Launches Drilling Program at Murchison South Gold Project
ADVERTISEMENT

Reach Resources has officially launched a highly anticipated reverse circulation (RC) drilling campaign at its Murchison South gold project, marking the first major test of the company’s newly developed geological model. Located near Paynes Find in Western Australia, the project was previously known as the Primrose gold project and is now poised for further exploration aimed at unlocking its untapped gold potential.

The drilling program will consist of 12 RC drill holes, each designed to penetrate depths of 60 to 80 meters. The focus is on reevaluating previous structural controls and exploring high-grade gold zones linked to the newly identified Primose fault structure. This program follows in-depth reviews by both internal and independent teams, which highlighted gaps in the existing resource model and pointed to new opportunities for resource expansion, particularly at the Blue Heaven prospect.

ADVERTISEMENT

Historic drilling results at Murchison South have already demonstrated the potential for significant high-grade gold deposits, including an intercept of 3 meters at a remarkable 92.1 grams per tonne (g/t) gold. This zone, notably open at depth, has sparked renewed optimism in the project’s viability.

ADVERTISEMENT

Reach Resources views the current drilling campaign as a key step in refining its understanding of the gold resource at Murchison South. By honing in on specific high-grade areas that may have been overlooked previously, the company aims to develop a clearer path toward defining a potential open-pit mining operation and accelerating the timeline for bringing the resource to market.

ADVERTISEMENT

Recent work conducted by Mining Plus, who was appointed to validate historical data and refine the project’s exploration strategy, has been instrumental in shaping the drilling program. Their input helped prioritize key targets and plan infill drilling efforts to enhance resource delineation.

The drilling program is expected to deliver initial results in the coming months, with Reach Resources committed to keeping shareholders informed of developments as they unfold.

Although the company has predominantly focused on its critical minerals portfolio—covering lithium, rare earths, niobium, and manganese—Murchison South’s inferred gold resource has gained newfound prominence. The surge in gold prices, which recently soared past $4,200 per ounce, has made gold exploration a higher priority for Reach.

Murchison South currently holds an inferred mineral resource of 1.035 million tonnes at 3.2 g/t gold, totaling approximately 105,000 ounces. This includes a higher-grade component of 582,000 tonnes at 4.7 g/t for 87,000 ounces. The resource remains open in all directions, with the company confident in the potential for further expansion.

The project’s proximity to multiple gold mills within trucking distance presents a promising avenue for processing and monetizing the gold resource. Historically, the Blue Heaven prospect’s gold mineralization was interpreted as sub-vertical and discontinuous, which limited its potential for mining. This was partly due to an overly conservative gold cut-off grade of 1 g/t used in earlier models, which may have been influenced by the gold price at the time.

With the new geological model, Reach has adopted a more inclusive approach, incorporating all assay results regardless of grade. This broader perspective has improved the project’s resource estimation and could ultimately lead to more robust and feasible mining scenarios.

With gold prices at record highs, Reach Resources’ renewed focus on Murchison South comes at an opportune moment. The company is poised to leverage its growing gold resource as part of a broader strategy to capitalize on the booming gold market.

Related topic:

Do Gold Futures Trade on Weekends?

How to Trade Gold Futures on TD Ameritrade?

How Do Gold Futures Work?

ADVERTISEMENT
Previous Post

Republican Divisions Threaten Tax Reform Push in 2025

Next Post

India Weighs Lifting Ban on Futures Trading for Key Farm Commodities

Related Posts

Codelco Turns to Partnerships to Boost Copper Output
Metal Futures

Codelco Turns to Partnerships to Boost Copper Output

14/06/2025
US, Mexico Close to Steel Tariff Deal
Metal Futures

US, Mexico Close to Steel Tariff Deal

11/06/2025
Is It A Good Time To Buy Palladium Futures?
Metal Futures

Is It A Good Time To Buy Palladium Futures?

12/06/2025
China’s Rare Earth Exports Hit 1-Year High Despite Curbs
Metal Futures

China’s Rare Earth Exports Hit 1-Year High Despite Curbs

09/06/2025
Jobs Data Boosts Near-Term Trends, Tariffs Spark Long-Term Fears
Financial Futures

Jobs Data Boosts Near-Term Trends, Tariffs Spark Long-Term Fears

09/06/2025
U.S. Dollar Index Holds Steady as Non-U.S. Currencies Climb
Financial Futures

U.S. Dollar Index Holds Steady as Non-U.S. Currencies Climb

09/06/2025
USD, Euro & Gold: Short-Term Bull-Bear Pattern Emerges
Metal Futures

USD, Euro & Gold: Short-Term Bull-Bear Pattern Emerges

09/06/2025
Shanghai Bank Retreats from 8,900 Peak, Tests 8,700 Support Level
Metal Futures

Shanghai Bank Retreats from 8,900 Peak, Tests 8,700 Support Level

09/06/2025
Domestic Gold Market Adjusts After Volatility; Weekly Strategy Analysis Ahead
Metal Futures

Domestic Gold Market Adjusts After Volatility; Weekly Strategy Analysis Ahead

09/06/2025
Next Post
India Weighs Lifting Ban on Futures Trading for Key Farm Commodities

India Weighs Lifting Ban on Futures Trading for Key Farm Commodities

blank

Crypto ETFs Soar to $65 Billion, Spark New Investment Era

Apollo Global Management Considers Major Stake in Seven & i’s Buyout Plan

Apollo Global Management Considers Major Stake in Seven & i’s Buyout Plan

Please login to join discussion

TAGS

ASX futures Bitcoin bond futures cattle futures CME cnbc stock futures coffee futures commodity futures copper futures Copper prices corn futures Corn prices crude oil futures crypto futures Dax Futures Dow futures ETF FTSE futures contracts gas futures gold futures Gold prices grain futures ICE Index Futures interest rate futures kucoin futures lumber futures micro futures Nasdaq futures Nifty Futures oil futures S&P 500 Futures S&P Futures silver futures Silver prices soybean futures Soybean price stock futures stock market sugar futures sugar price USDINR Futures wheat futures wheat price

Recent Posts

Bitcoin Approaches Record High on Strong Market Momentum
Futures Quotes

Bitcoin Approaches Record High on Strong Market Momentum

by Yuki
14/06/2025

Bitcoin (BTCUSD) has surged in the past week, edging close to its record high reached last month, buoyed by strong...

UK’s Goods Exports to US Plunge to Record Low Amid Trade War Tariffs

UK’s Goods Exports to US Plunge to Record Low Amid Trade War Tariffs

14/06/2025
Ukraine Loses Wheat Markets in Asia and Africa

Ukraine Loses Wheat Markets in Asia and Africa

14/06/2025
Codelco Turns to Partnerships to Boost Copper Output

Codelco Turns to Partnerships to Boost Copper Output

14/06/2025
Trump Announces Preliminary US-China Trade Deal

Trump Announces Preliminary US-China Trade Deal

14/06/2025
Regulators Delay Private Fund Reporting Rules

Regulators Delay Private Fund Reporting Rules

14/06/2025
Cruz’s Plan to End Fed Interest on Reserves Raises Market Concerns

Cruz’s Plan to End Fed Interest on Reserves Raises Market Concerns

13/06/2025
China Eases Rare Earth Export Controls, Offering U.S. Temporary Relief

China Eases Rare Earth Export Controls, Offering U.S. Temporary Relief

13/06/2025

Futures Quotes

Bitcoin Approaches Record High on Strong Market Momentum

Bitcoin Approaches Record High on Strong Market Momentum

14/06/2025
UK’s Goods Exports to US Plunge to Record Low Amid Trade War Tariffs

UK’s Goods Exports to US Plunge to Record Low Amid Trade War Tariffs

14/06/2025
Oil Prices Surge Nearly 7% Amid Israel-Iran Conflict Escalation

Oil Prices Surge Nearly 7% Amid Israel-Iran Conflict Escalation

13/06/2025
Gold Prices Surge in India Amidst Market Activity

Gold Prices Surge in India Amidst Market Activity

13/06/2025
Oil Prices Dip Ahead of U.S.-Iran Nuclear Talks

Oil Prices Dip Ahead of U.S.-Iran Nuclear Talks

12/06/2025
Gold Prices Surge in India Amidst Market Fluctuations

Gold Prices Surge in India Amidst Market Fluctuations

12/06/2025
Sorafutures.com

Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow's opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.

Recent Posts

  • Bitcoin Approaches Record High on Strong Market Momentum 14/06/2025
  • UK’s Goods Exports to US Plunge to Record Low Amid Trade War Tariffs 14/06/2025
  • Ukraine Loses Wheat Markets in Asia and Africa 14/06/2025
  • Codelco Turns to Partnerships to Boost Copper Output 14/06/2025
  • Trump Announces Preliminary US-China Trade Deal 14/06/2025

TAGS

ASX futures binance futures Bitcoin bond futures cattle futures CME cnbc stock futures coffee futures commodity futures copper futures Copper prices corn futures Comn prices crude oil futures crypto futures Cryptocurrency futures Dax Futures Dow futures ETF Exotic options

Useful Links

About us

disclaimer

Privacy Policy

Copyright © 2024 celebritycolumn.com

No Result
View All Result
  • Home
  • Futures News
  • Futures Quotes
  • Futures Types
  • Knowledge

Copyright © 2024 Welcome to sorafutures futures portal! Here, we illuminate pathways to tomorrow’s opportunities, equipping you with insights and resources to thrive in an ever-evolving world. With a blend of vision and pragmatism, we empower individuals to navigate uncertainties and seize their future with confidence.