Gold Reach Resources Ltd

Published : May 27th, 2008

drills 100m of 0.497% copper and 0.43 g/t gold at Seel

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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.��

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF

Gold Reach Resources Ltd

EXPLORATION STAGE
CODE : GRV.V
ISIN : CA3806863039
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Contact Cpy

Gold Reach Res. Ltd is a gold exploration company based in Canada.

Gold Reach Res. Ltd holds various exploration projects in Canada.

Its main exploration properties are AURO, OX LAKE and SEEL in Canada.

Gold Reach Res. Ltd is listed in Canada. Its market capitalisation is CA$ 12.0 millions as of today (US$ 9.5 millions, € 7.7 millions).

Its stock quote reached its lowest recent point on December 19, 2008 at CA$ 0.02, and its highest recent level on June 22, 2012 at CA$ 2.13.

Gold Reach Res. Ltd has 46 980 000 shares outstanding.

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TSX-V (GRV.V)
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