News Release
May 26, 2008
Gold Reach
Resources Ltd. drills 100m of 0.497% copper and 0.43 g/t gold at Seel
Vancouver, British
Columbia: Gold Reach Resources Ltd. (GRH:
TSX-V) is pleased to
announce the Company has received all remaining assay results from its 20 hole
winter drill program at the Seel property, central British Columbia. The objective
during this winter drill campaign was three fold; better define the walls of
the Cu-Au porphyry with tighter infill drilling, identify width and plunge of
the Seel Breccia pipe and test the extent of the Cu-Mo porphyry with one
hundred metre step out drilling.
A list of the new
mineralized intervals from holes S08-69 to S08-80 is seen below. Previous
results from drill holes S08-60 to S08-68 can be viewed in the Company��s last
news release, dated May 1, 2008.
|
HOLE
|
FROM
|
TO
|
LENGTH
|
CU%
|
AU_GT
|
AG_GT
|
MO_PPM
|
ZN_PPM
|
Target
|
Section (045�� look)
|
|
S08-69
|
73.15
|
110.00
|
36.85
|
0.319
|
0.288
|
0.7
|
42
|
46
|
Cu-Au Zone
|
4800N
|
|
S08-69
|
117.50
|
312.50
|
195.00
|
0.281
|
0.296
|
0.5
|
9
|
39
|
"
|
"
|
|
S08-70
|
48.77
|
175.00
|
126.23
|
0.128
|
0.081
|
0.4
|
176
|
95
|
Cu-Mo Zone
|
4700N
|
|
S08-70
|
182.50
|
200.00
|
17.50
|
0.076
|
0.108
|
0.7
|
83
|
188
|
"
|
"
|
|
S08-70
|
255.00
|
267.50
|
12.50
|
0.085
|
0.167
|
1.8
|
14
|
80
|
"
|
"
|
|
S08-71
|
30.48
|
313.03
|
282.55
|
0.109
|
0.077
|
0.6
|
186
|
112
|
Cu-Mo Zone
|
4600N
|
|
S08-72
|
83.82
|
125.00
|
41.18
|
0.246
|
0.246
|
0.4
|
5
|
41
|
Cu-Au Zone
|
4800N drilled N
|
|
S08-72
|
155.00
|
255.00
|
100.00
|
0.497
|
0.430
|
5.6
|
5
|
314
|
"
|
4900N
|
|
S08-72
|
282.50
|
300.00
|
17.50
|
0.082
|
0.045
|
0.3
|
49
|
226
|
"
|
4900N
|
|
S08-72
|
310.00
|
317.50
|
7.50
|
0.116
|
0.029
|
1.5
|
18
|
99
|
"
|
"
|
|
S08-73
|
25.00
|
35.00
|
10.00
|
0.046
|
0.049
|
0.3
|
54
|
74
|
Cu-Mo Zone
|
4500N
|
|
S08-73
|
57.50
|
237.50
|
180.00
|
0.094
|
0.100
|
0.2
|
164
|
125
|
"
|
"
|
|
S08-74
|
neg
|
|
|
|
|
|
|
|
West of zone
|
4200N
|
|
S08-75
|
neg
|
|
|
|
|
|
|
|
West of zone
|
4200N
|
|
S08-76
|
90.00
|
97.50
|
7.50
|
0.218
|
0.051
|
7.9
|
5
|
3100
|
|
|
|
S08-77
|
132.50
|
135.00
|
2.50
|
0.133
|
0.020
|
4.9
|
10
|
143
|
West of zone
|
|
|
S08-78
|
6.10
|
42.50
|
36.40
|
0.209
|
0.173
|
7.8
|
31
|
2829
|
Seel Breccia / Cu-Au Zone
|
5000N drilled S
|
|
S08-78
|
147.50
|
155.00
|
7.50
|
0.116
|
0.103
|
0.2
|
17
|
25
|
Cu-Au Zone
|
"
|
|
S08-78
|
190.00
|
200.00
|
10.00
|
0.091
|
0.111
|
0.3
|
8
|
29
|
"
|
4900N
|
|
S08-78
|
207.50
|
225.00
|
17.50
|
0.105
|
0.120
|
0.3
|
8
|
23
|
"
|
"
|
|
S08-78
|
232.50
|
242.50
|
10.00
|
0.148
|
0.134
|
0.3
|
10
|
17
|
"
|
"
|
|
S08-78
|
262.50
|
287.50
|
25.00
|
0.108
|
0.150
|
0.7
|
17
|
36
|
"
|
"
|
|
S08-78
|
297.50
|
303.90
|
6.40
|
0.224
|
0.315
|
1.5
|
30
|
58
|
Cu-Au Zone (ended in mineral)
|
"
|
|
S08-79
|
37.50
|
205.00
|
167.50
|
0.100
|
0.063
|
0.3
|
90
|
63
|
Cu-Mo Zone
|
4700N
|
|
S08-80
|
lost
|
|
|
|
|
|
|
|
Seel Breccia
|
5000N
|
Over 67 drill holes
now identify at least two distinct mineralized copper - gold and copper
-molybdenum porphyry systems, flanked by a copper – silver rich breccia pipe. The
entire mineralized area occurs as a horseshoe shaped feature with combined arms
of the horseshoe extending at least 1100 metres long and up to 200 metres wide. Mineralization
is porphyry in style and is hosted exclusively in Cretaceous rocks of the
Bulkley intrusive suite, similar to the Huckleberry, Bergette, Whiting Creek
and Ox Lake porphyry copper deposits.
Within this larger
zone of porphyry mineralization is a very significant Cu-Au stock and a flanking
Seel breccia pipe which the Company plans to investigate further. The stock
measures 370 meters
by 220 metres
and has intruded and overprinted the earlier copper molybdenum porphyry. The
breccia pipe occurs inside the open portion of the mineralized horseshoe 100 metres to the
northwest of this gold rich stock and measures approximately 200 metres in diameter. Here,
the high-grade copper-silver-zinc mineralization of the breccia occurs on the
outer flanks of the pipe and plunges distinctly towards the Cu-Au porphyry. Combining
the higher grade nature of the Seel breccia with the nearby copper-gold stock
confirms this area as a potential exploration target for future drilling. Some
examples of significant drill intercepts from the Seel Breccia and the Cu-Au
zone are listed below:
|
HOLE
|
FROM
|
TO
|
LENGTH
|
CU%
|
Au g/t
|
Ag g/t
|
Zn %
|
AREA
|
|
S04-02
|
40.40
|
68.50
|
25.35
|
0.515
|
0.060
|
12.8
|
0.07
|
Seel Breccia
|
|
S06-42
|
22.00
|
160.00
|
138.00
|
0.845
|
0.065
|
22.1
|
1.65
|
Seel Breccia
|
|
S08-61
|
25.00
|
82.50
|
57.50
|
0.667
|
0.077
|
22.2
|
0.24
|
Seel Breccia
|
|
S08-66
|
7.50
|
75.00
|
67.50
|
0.400
|
0.041
|
11.4
|
0.23
|
Seel Breecia
|
|
|
|
|
|
|
|
|
|
|
|
S05-08
|
18.30
|
121.90
|
103.60
|
0.436
|
0.480
|
1.8
|
0.05
|
Cu-Au zone
|
|
S06-24
|
12.19
|
127.20
|
115.01
|
0.349
|
0.373
|
1.2
|
0.03
|
Cu-Au zone
|
|
S06-40
|
36.00
|
138.00
|
102.00
|
0.445
|
0.469
|
0.4
|
0.01
|
Cu-Au zone
|
|
S08-72
|
155.00
|
255.00
|
100.00
|
0.497
|
0.430
|
5.6
|
0.03
|
Cu-Au zone
|
The larger portion of this mineralized feature or horseshoe is enriched
in copper and molybdenum and has been drilled on 100 metre stepouts.
All of the drill hole data on the Seel Breccia has been forwarded to
Wardrop Engineering in order for them to complete an NI 43-101 compliant
resource calculation.
Conrad Swanson, president of Gold Reach states ��that with the
16.1mil/tonnes of moly-copper at Ox Lake (see news release Feb 5, 2008) and the forth coming resource at Seel, we will be
seeking interested partners to assist us in advancing the Seel and Ox Lake
projects��
For the complete list of the 80 holes drilled to and the company��s
interpretation of the projects to date please click on the following link:
drill hole compilations
All the core was split and sent to the Assayers Canada Labs preparation
facility in Telkwa, B.C., and then to Vancouver,
B.C., for analysis. All samples underwent a multi-element analysis by
ICP/MS and wet geochem for gold.
Gold Reach owns 90% of the Seel
property and Consolidated Abbadon 10%
Technical
information in this news release has been reviewed by Derrick Strickland,
P.Geo. a qualified person as defined in NI 43-101.
About
Gold Reach:
Gold Reach Resources Ltd. is a
Canadian exploration company actively involved in the development of the Seel
and Ox Lake projects, a 17,149.5 hectare copper-gold-molybdenum-silver
project located 120
kilometres south of Houston, BC and eight kilometres
east of the producing copper-molybdenum Huckleberry Mine.
ON
BEHALF OF THE BOARD OF DIRECTORS
Conrad
Swanson, President
For
further information, please contact: 604-718-5454
Safe
Harbour Statement: The
Company relies upon litigation protection for ��forward-looking statements.��
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