Australia's Reach Resources rises on gold estimate for WA project

Reach Resources

06/12/2021 04:49

** Shares of gold and base metals explorer Reach Resources
Ltd  RR1.AX  jump as much as 11.1% to A$0.010, hit their highest
level since Nov. 29
    ** Co posts total inferred mineral resource of about 1.035
mln tonnes at 3.2 gram per tonne of gold for a total of 105,000
ounces for the Blue Heaven prospect, part of co's Primrose
project in Western Australia  urn:newsml:reuters.com:*:nASX9tgjGJ
    ** Says this result allows co to push ahead and fast track
the potential monetisation of Blue Heaven 
    ** Adds that it will begin additional drilling at the Pansy
Prospect, which is at the south of the Blue Heaven prospect
    ** Stock up ~145% this year as of last close 
    


 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))