Reach Resources has secured a mining lease for its Jacamar gold project, part of the Murchison South gold project in Western Australia. The lease is located less than 1 kilometre southeast of the historic Payne's Find Hotel on the Great Northern Highway.
The northern boundary of the mining lease is just over 1 kilometre south of the company's Blue Heaven deposit, situated on the same Primrose Fault, a key mineralisation controlling structure. The eastern boundary lies 180 metres west of the Daffodil mine pit and 180 metres northwest of the Pansy open pit.
Reach recently declared a maiden mineral resource estimate for its Pansy deposit of 72,000 tonnes at 2.5 g/t gold for 5,800 ounces. This complements the resource at Blue Heaven of 681,000 tonnes at 2.8 g/t gold for 61,300 ounces, bringing the project's total gold inventory to 67,100 ounces.
Mineralisation at Pansy remains open at depth and along strike, with historical drilling limited to 60 metres. The adjacent Daffodil Pit, a historic open-cut operation from the late 1980s, is held under separate tenure by Paynes Find Mining.
Reach is undertaking a rock chip sampling program across the Jacamar lease area to assess surface gold distribution and identify exposed quartz veins. The company's new lease expands the scope for mining zones at Blue Heaven and a possible combined Pansy-Jacamar system.
