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The latest announcement is out from Reach Resources Limited ( (AU:RR1) ).
Reach Resources Limited has announced promising assay results from the first two drill holes at its Murchison South gold project. These results show high-grade gold mineralization, aligning with historical data and suggesting the presence of significant gold resources. The drill program, which includes 14 holes, is expected to provide more insights once the remaining assays are received, potentially enhancing the company’s resource model and validating historical drilling efforts.
More about Reach Resources Limited
Reach Resources Limited is a company operating in the mining industry, primarily focused on the exploration and development of gold resources. Its primary market is the gold-rich Murchison Mineral Field in Western Australia, where it wholly owns the Murchison South gold project.
YTD Price Performance: 27.27%
Average Trading Volume: 6,203,516
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$12.24M
For a thorough assessment of RR1 stock, go to TipRanks’ Stock Analysis page.
