For personal use only
21 July 2022
PRIMROSE EXPLORATION UPDATE
- Five tenements peripheral to the main tenements at Paynes Find were tested by a small RC drilling program for the purpose of meeting minimum exploration expenditure.
- Tenements located to the West of the Company's primary gold prospects at Blue Heaven and the Pansy Pit (Primrose Gold Project), following up on low order soil geochemical anomalies.
- 39 RC drill holes were completed for a total of 1,006m.
- Gold mineralisation confirmed north of Pansy Pit at historic Jacamar workings.
Reach Resources Limited (ASX: RR1) ("Reach" or "the Company") is pleased to announce assay results from a small RC drilling program which tested base metal and gold targets peripheral to the Company's Blue Heaven and Pansy Prospects within the Primrose Gold Project, located approximately 420 km northeast of Perth, Western Australia ("Project"). The modest program was designed to test base metal and gold targets on tenements held by Reach Resources that surround the main gold projects at Blue Heaven and Pansy. These tenements were all due for renewal and had not been adequately tested to determine their exploration potential.
Drilling Program
Samples collected at Jacamar on P59/2059 were collected at 1 m intervals while the remaining samples were collected as 3 m composites by carefully scooping representative samples off 1 m chip piles placed alongside the drill rig. The drill holes were designed to be inclined 60 degrees approximately orthogonal to the regional dip of the stratigraphy with most of the holes drilled to 29 m depth.
Reach Resources Limited | Level 4, 216 St Georges Terrace, Perth WA 6000 | P: +61 6268 2641| web:reachresources.com.au
Email: admin@reachresources.com.au | ABN 79 097 982 235 | ASX:RR1
For personal use only
Figure 1 - Paynes Find Project Location Plan
Reach Resources Limited | Level 4, 216 St Georges Terrace, Perth WA 6000 | P: +61 6268 2641| web:reachresources.com.au
Email: admin@reachresources.com.au | ABN 79 097 982 235 | ASX:RR1
For personal use only
Table 1: Drill hole collar summary.
Hole ID | Depth | Dip | Azimuth | Easting | Northing | ||
22PF001 | 29 | -60 | 93 | 567208 | 6762502 | ||
22PF002 | 29 | -60 | 91 | 567232 | 6762503 | ||
22PF003 | 39 | -60 | 56 | 567175 | 6762504 | ||
22PF004 | 34 | -60 | 89 | 567148 | 6762499 | ||
22PF005 | 47 | -60 | 90 | 567274 | 6762331 | ||
22PF006 | 29 | -60 | 79 | 567260 | 6762328 | ||
22PF007 | 29 | -60 | 90 | 567243 | 6762324 | ||
22PF008 | 29 | -60 | 91 | 567227 | 6762323 | ||
22PF009 | 29 | -60 | 87 | 567217 | 6762320 | ||
22PF010 | 29 | -60 | 60 | 567199 | 6762319 | ||
22PF011 | 29 | -60 | 270 | 567712 | 6762410 | ||
22PF012 | 29 | -60 | 270 | 567725 | 6762410 | ||
22PF013 | 29 | -60 | 270 | 567740 | 6762410 | ||
22PF014 | 29 | -60 | 270 | 567753 | 6762401 | ||
22PF015 | 26 | -60 | 90 | 565515 | 6763894 | ||
22PF016 | 26 | -60 | 103 | 565466 | 6763890 | ||
22PF017 | 25 | -60 | 94 | 565416 | 6763896 | ||
22PF018 | 26 | -60 | 90 | 565366 | 6763897 | ||
22PF019 | 18 | -60 | 90 | 565316 | 6763903 | ||
22PF020 | 6 | -60 | 310 | 565553 | 6765700 | ||
22PF021 | 50 | -60 | 294 | 565512 | 6765721 | ||
22PF022 | 26 | -60 | 294 | 565466 | 6765746 | ||
22PF023 | 25 | -60 | 301 | 565425 | 6765770 | ||
22PF024 | 25 | -60 | 306 | 565385 | 6765804 | ||
22PF025 | 25 | -60 | 290 | 565342 | 6765823 | ||
22PF026 | 25 | -60 | 285 | 565287 | 6765836 | ||
22PF027 | 25 | -60 | 288 | 565241 | 6765853 | ||
22PF028 | 25 | -60 | 275 | 565188 | 6765859 | ||
22PF029 | 25 | -60 | 275 | 565137 | 6765860 | ||
22PF030 | 25 | -60 | 274 | 565086 | 6765858 | ||
22PF031 | 25 | -60 | 223 | 565031 | 6765855 | ||
22PF032 | 20 | -60 | 275 | 564981 | 6765857 | ||
22PF033 | 6 | -60 | 275 | 564933 | 6765853 | ||
22PF034 | 14 | -90 | 565316 | 6765831 | |||
22PF035 | 8 | -90 | 565566 | 6765749 | |||
22PF036 | 8 | -90 | 565596 | 6765793 | |||
22PF037 | 8 | -90 | 565624 | 6765833 | |||
22PF038 | 33 | -60 | 90 | 565095 | 6762203 | ||
22PF039 | 42 | -60 | 90 | 565049 | 6762208 |
Reach Resources Limited | Level 4, 216 St Georges Terrace, Perth WA 6000 | P: +61 6268 2641| web:reachresources.com.au
Email: admin@reachresources.com.au | ABN 79 097 982 235 | ASX:RR1
For personal use only
Figure 2: Drill collar locations and interpreted geology (after Ninghan 1:500,000 sheet, WAGS)
Reach Resources Limited | Level 4, 216 St Georges Terrace, Perth WA 6000 | P: +61 6268 2641| web:reachresources.com.au
Email: admin@reachresources.com.au | ABN 79 097 982 235 | ASX:RR1
For personal use only
Significant Intersections
Three holes intersected gold >1 g/t Au and seven holes intersected pegmatite, Table 2.
Table 2 Significant drill intersections - >1 Au g/t and pegmatite.
Hole ID | Easting | Northing | Depth | Dip | Azimuth | From | To | Interval | g/t Au | Pegmatite |
22PF003 | 567175 | 6762504 | 39 | -60 | 56 | 17 | 18 | 1 | 3.14 | |
22PF005 | 567274 | 6762331 | 47 | -60 | 90 | 14 | 15 | 1 | 2.09 | |
22PF006 | 567260 | 6762328 | 29 | -60 | 79 | 28 | 29 | 1 | 3.35 | |
22PF011 | 567712 | 6762410 | 29 | -60 | 270 | 27 | 29 | 2* | 1.26 | |
22PF020 | 565553 | 6765700 | 6 | -60 | 310 | 0 | 6 | 6* | Pegmatite | |
22PF021 | 565512 | 6765721 | 50 | -60 | 294 | 0 | 50 | 50* | Pegmatite | |
22PF022 | 565466 | 6765746 | 26 | -60 | 294 | 0 | 26 | 26* | Pegmatite | |
22PF025 | 565342 | 6765823 | 25 | -60 | 290 | 0 | 9 | 9 | Pegmatite | |
22PF034 | 565316 | 6765831 | 14 | -90 | 0 | 9 | 9* | Pegmatite | ||
22PF035 | 565566 | 6765749 | 8 | -90 | 0 | 8 | 8* | Pegmatite | ||
22PF036 | 565596 | 6765793 | 8 | -90 | 0 | 8 | 8* | Pegmatite |
*Hole mineralised at end of hole.
P50/2059 assays returned from the pegmatites were anomalous in Rb, Ta, Be and Sn but were not at economic levels. Holes P59/2060 and P59/2061 failed to produce any anomalous values.
P59/2059, P59/2060 and P59/2061
Three tenements to the west of Blue Heaven, P59/2059, P59/2060 and P59/2061, were held for their base metal potential in interpreted felsic and mafic volcanic units. All three tenements were almost entirely covered by transported sheetwash sediments that covered any bedrock except in the northwest of the tenements where there is limited outcrop of mafic rocks. A reconnaissance soil sampling program carried out by Reach during April 2021 identified low order geochemical anomalies on the three tenements that were to be tested by this drilling.
Figure 3: Location of drill holes and interpreted geology - P59/2059 (after Ninghan 1:500,000 sheet, WAGS)
Reach Resources Limited | Level 4, 216 St Georges Terrace, Perth WA 6000 | P: +61 6268 2641| web:reachresources.com.au
Email: admin@reachresources.com.au | ABN 79 097 982 235 | ASX:RR1
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Reach Resources Ltd. published this content on 20 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2022 23:53:08 UTC.