Gold Reach Resources Ltd

Published : November 24th, 2014

Gold Reach acquires another high grade gold silver prospect at Ootsa

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Gold | Silver |

Gold Reach acquires another high grade gold silver prospect at Ootsa

VANCOUVER , Nov. 24, 2014 /CNW/ - Gold Reach Resources Ltd. (GRV:TSX-V) (Gold Reach and/or the Company) is pleased to announce the acquisition of the high grade Troitsa Peak gold-silver prospect near the south side of the Ootsa property, roughly 6.5 kilometres south of the Seel deposit. The Troitsa Peak prospect occurs internal to the Company's large land holdings on the 100% owned Ootsa property in British Columbia .

At Troitsa Peak Gold Reach has acquired 940.7 hectares in 7 claims by staking.  An additional 211.26 hectare claim has been acquired in a purchase agreement with vendor Richard Billingsley . Under the terms of the agreement Gold Reach will purchase the claim for total consideration of $5000 and 10,000 shares of the Company.  The Vendor will retain a 1% net smelter return (NSR) royalty on the claims, 50% of the royalty (0.5% NSR) can be bought back by the Company for $500,000 .  The agreement is subject to exchange approval.

Historic assessment reports on the Troitsa Peak area report epithermal style mineralization in veins and stockwork zones with strong historic gold and silver values over a large area.  Historic surface grab samples have returned values such as 41 g/t gold and 9238 g/t silver, 5.9 g/t gold and 4120 g/t silver, 36.5 g/t gold and 825.6 g/t silver, and 11.4 g/t gold and 2614.4 g/t silver.  A grab sample from a historic trench returned 3.9 g/t gold and 2356 g/t silver and thin veins of quartz-chalcopyrite-sphalerite returned values up to 44.7 g/t gold and 2683.2 g/t silver.  Gold Reach has not yet visited or sampled the prospect and none of the historic results have been confirmed by the Company and they should not be relied upon.

Dr. Shane Ebert , President of the Company stated, "The Troitsa Peak claims contain the highest historic gold and silver values of any known prospect on the large Ootsa claim block, and mineralization occurs within a very large area, extending at least 2 kilometres by 4 kilometres. The area shows good potential for both high grade bonanza style epithermal veins and lower grade bulk tonnage targets.  The claims are only 3.5 kilometres from the nearest road and establishing access will be key to efficiently and thoroughly exploring the zone.  The acquisition of the Troitsa Peak prospect fits within the Company's strategic plan for the Ootsa property which includes acquiring and evaluating all high potential exploration targets in the district."

A claim location map for the Ootsa property showing the location of the Troitsa Peak prospect is available here: http://www.goldreachresources.com/_resources/maps/Ootsa_claim_map_Nov_2014_v2.png.

With the recent addition of the Troitsa Peak claims the Ootsa property is now 71,828 hectares in size and contains 6 large precious metal prospects with excellent exploration potential, in addition to the established porphyry Cu-Au-Mo-Ag resources at the Ox, East Seel, and West Seel deposits.

Additional information is available on our website at www.goldreachresources.com.

About Gold Reach Resources
The Ootsa property is an advanced stage exploration project containing the East Seel, West Seel and Ox porphyry systems all with NI 43-101 compliant resources.  The Company has completed 144,673 metres of core drilling on the property to date, with 9,795 metres completed during 2014.   In total the Ootsa property contains compliant pit constrained resources totaling 1.25 billion pounds copper equivalent in the measured and indicated categories (consisting of 0.7 billion lbs. of Cu, 0.65 million ounces of Au, 66 million lbs. of Mo, and 11.4 million ounces of Ag) and 1.66 billion pounds copper equivalent in the inferred category (consisting of 0.9 billion lbs. of Cu, 0.8 million ounces of Au, 104 million lbs. of Mo, and 16 million ounces of Ag), using a 0.2% copper equivalent cut off.

Dr. Shane Ebert P.Geo ., President of the Company, is the Qualified Person for the Ootsa project as defined by National Instrument 43-101 and has approved the technical disclosure contained in this news release.

"Shane Ebert"

Shane Ebert , President/Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Safe Harbour Statement: The Company relies upon litigation protection for "forward-looking statements." The Company undertakes no obligation to update these forward- looking statements in the event management's beliefs, estimates obligations or other factors should change.

SOURCE Gold Reach Resources Ltd.

Read the rest of the article at finance.yahoo.com

Gold Reach Resources Ltd

EXPLORATION STAGE
CODE : GRV.V
ISIN : CA3806863039
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
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.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Gold Reach Resources Ltd
2008 Annual report
Financings of Gold Reach Resources Ltd
7/20/2016Announces Completion Of $700,000 Non Brokered Private Placem...
7/13/2016Increases Non-Brokered Private Placement
7/6/2016Announces Up To $600,000 Non-Brokered Private Placement
6/2/2014Announces $1,044,280 Financing
6/24/2013Announces $2,000,000 Non Brokered Private Placement
6/4/2008Announces Non-Brokered Flow-Through Private Placement
Nominations of Gold Reach Resources Ltd
7/6/2011Dr. Shane Ebert Appointed as Vice-President of Exploration
Project news of Gold Reach Resources Ltd
9/9/2014Drilling extends West Seel Deposit over 400 metres down dip ...
7/17/2014Gold Reach stakes the White Gold Prospect and provides explo...
2/24/2014Gold Reach Provides a Summary of Results From 2013 Ootsa Exp...
2/24/2014(Seel)Provides A Summary Of Results From 2013 Ootsa Exploration Se...
1/27/2014Gold Reach Announces Final Results from 2013 Drilling Includ...
1/27/2014(Seel)Announces Final Results From 2013 Drilling Including 177.4 M...
1/20/2014Gold Reach Intersects 179.5 Metres of 0.80% Copper Equivalen...
1/20/2014(Seel)Intersects 179.5 Metres Of 0.80% Copper Equivalent Including...
1/13/2014Gold Reach Announces First Open Pit Constrained Resource Est...
1/13/2014Announces First Open Pit Constrained Resource Estimate For O...
1/8/2014Gold Reach Announces Positive Metallurgical Results from the...
1/8/2014Announces Positive Metallurgical Results From The Ox Deposit
10/28/2013Gold Reach Intersects 238 Metres of 0.73% Copper Equivalent ...
10/28/2013(Seel)Intersects 238 Metres Of 0.73% Copper Equivalent Including 1...
10/21/2013(Seel)Intersects 20 Metres Of 1.26% Copper Equivalent Within A Lar...
10/15/2013Gold Reach Intersects 44.3 Metres of 1.76% Copper Equivalent...
10/15/2013(Seel)Intersects 44.3 Metres Of 1.76% Copper Equivalent Within A L...
10/9/2013Receives Final Assays For Ox And Summarizes The 2013 Ox Dril...
9/23/2013Continues To Intersect High Grade At Ox With 103.3 Metres Of...
9/12/2013Adds A Second Drill To The Ootsa Project Receives Letter Of ...
9/3/2013Mid=2DDay Breaking News From Cub Energy and Gold Reach Resou...
9/3/2013Induced Polarization Geophysical Surveying Set To Commence A...
7/18/2013Intersect 359.4 Metres Of 0.41% Copper Equivalent Including...
7/16/2013Hits More High Grade At Ox Hole Ox13-63 Intersects 52.8 Metr...
7/10/2013Continues to Intersect Strong Mineralization at Ox Including...
7/8/2013Gold Reach Continues to Intersect Strong Mineralization at O...
7/8/2013Continues to Intersect Strong Mineralization at Ox Including...
6/27/2013Gold Reach Continues to Intersect High Grade Near Surface Mi...
6/27/2013Continues To Intersect High Grade Near Surface Mineralizatio...
6/12/2013Within Huckleberry's Reach: Gold Reach's Ootsa Project Prese...
6/10/2013Intersects High Grade Near Surface Mineralization at Ox Incl...
6/10/2013Gold Reach Intersects High Grade Near Surface Mineralization...
5/27/2013Announces Drilling Has Started At The Ootsa Property
5/1/2013Identifies New Expansion Potential At The Ox Deposit And Pro...
4/10/2013Mid-Day Breaking News From Gold Reach and Tajiri Resources
2/12/2013Gold Reach (GRV) Announces A 227% Increase In Resources At O...
2/11/2013Gold Reach (GRV) Announces a 227% Increase in Resources at O...
1/29/2013Gold Reach (GRV) Announces a 141% Increase in Indicated and ...
1/29/2013Gold Reach (GRV) Announces A 141% Increase In Indicated And ...
1/10/2013Gold Reach Expands the West Seel Deposit to Over 800 Metres ...
11/12/2012Gold Reach Intersects High Grade Silver Vein at Ox Returning...
11/5/2012Mid-Day Breaking News From Prophecy Platinum, Gold Reach, an...
8/16/2012Mid-Day Breaking News From Eagle Hill, Gold Reach, Anatolia,...
7/10/2012Gold Reach Intersects 817 Metres Grading 0.45% Copper Equiva...
9/29/2008(Seel)Announces Indicated and Inferred Mineral Resource on the 100...
5/27/2008(Seel)drills 100m of 0.497% copper and 0.43 g/t gold at Seel
2/5/2008Announces 16.1 Million Tonnes at Ox Lake
Corporate news of Gold Reach Resources Ltd
7/13/2016Gold Reach Resources Ltd. Increases Non-Brokered Private Pla...
1/28/2016IIROC Trading Resumption - GRV
1/28/2016Gold Reach Resources Ltd. announces delay in news release
1/27/2016IIROC Trading Halt - GRV
9/30/2015Gold Reach Resources Commences Preliminary Economic Assessme...
1/5/2015Gold Reach Provides 2014 Exploration Summary and Announces F...
11/24/2014Gold Reach acquires another high grade gold silver prospect ...
10/14/2014Gold Reach Intersects 668 Metres Grading 0.56% Copper Equiva...
9/30/2014Gold Reach intersects high grade at West Seel with 160 metre...
9/2/2014Gold Reach intersects 73 metres of 0.96% copper equivalent w...
8/27/2014Gold Reach Resources to broadcast Annual General and Special...
7/30/2014Gold Reach Receives $1.85 Million Refundable Tax Credit
7/25/2014Gold Reach adopts new Shareholder Rights Plan
2/18/2014Gold Reach Announces an 87% Increase in Global M&I Resources...
2/18/2014(Seel)Announces An 87% Increase In Global M&I Resources At The See...
1/6/2014Gold Reach Drills 186.2 Metres of 0.78% Copper Equivalent In...
1/6/2014(Seel)Drills 186.2 Metres Of 0.78% Copper Equivalent Including 82....
12/19/2013Mid=2DDay Breaking News from Gold Reach=2C Eagle Hill=2C Alp...
12/19/2013(Seel)Drills 118 Metres of 0.65% Copper Equivalent at East Seel an...
12/17/2013Enters Into Communications & Engagement Agreement With The O...
12/3/2013Seabridge Gold Reaches Agreement to Sell Grassy Mountain NPI...
11/4/2013Gold Reach Drills 92.4 Metres of 0.76% Copper Equivalent at ...
11/4/2013(Seel)Drills 92.4 Metres Of 0.76% Copper Equivalent At East Seel A...
10/17/2013Reports Geophysical Survey Results For The Ootsa Project Dri...
10/7/2013Intersects 274.9 Metres Of 0.48% Copper Equivalent And 31.3...
9/30/2013Intersects 115 Metres Of 0.56% Copper Equivalent Including 1...
9/17/2013Intersects 89 Metres Of 0.50% Copper Equivalent Including 56...
9/10/2013Intersects 101.2 Metres Of 0.53% Copper Equivalent Including...
9/5/2013Intersects 124.4 Metres Of 0.56% Copper Equivalent Within 2...
8/13/2013Intersects 227.7 Metres Of 0.52% Copper Equivalent Includin...
8/7/2013IAMGOLD reaches agreement with Republic of Suriname to suppo...
8/7/2013Hole Ox13-77 Intersects 148.2 Metres Grading 0.55% Copper Eq...
7/23/2013Intersects 260.2 Metres of 0.46% Copper Equivalent and 21.6 ...
6/24/2013Mid-Day Breaking News From Alpha Minerals and Gold Reach
6/10/2013Extends Warrants
5/27/2013Mid-Day Breaking News From Skyharbour, Gold Reach, and Black...
5/1/2013Mid-Day Breaking News From Focus Ventures and Gold Reach
2/19/2013Mid-Day Breaking News From Gold Reach, Northern Vertex, Inte...
1/24/2013Gold Reach Signs Letter of Understanding with Cheslatta Carr...
1/24/2013Gold Reach Signs Letter Of Understanding With Cheslatta Carr...
1/16/2013Mid-Day Breaking News From Gold Reach, El Nino, Focus, Sunse...
1/16/2013Gold Reach Further Expands The West Seel Deposit Initiates R...
10/15/2012Mid-Day Breaking News From Balmoral, Prophecy Platinum, Gold...
10/9/2012Mid-Day Breaking News From Gold Reach and TomaGold
9/26/2012Mid-Day Breaking News From Gold Reach, Northern Vertex, and ...
9/17/2012Mid-Day Breaking News From Gold Reach and Great Atlantic
9/4/2012Mid-Day Breaking News From Gold Reach, TomaGold, and Canada ...
3/22/2012(Auro)Sells Auro And Auro South For $6 Million Cash And Retains A ...
12/5/2011Gold Reach Announces Significant New Cu-Au Discovery Interse...
9/12/2011Cresval is Drilling and Gold Reach Hits Long Intercept
3/1/2011(Auro)Identifies Multiple Drill Targets on Auro Property
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GRV.V)
0.255+0.00%
TSX-V
CA$ 0.255
02/20 12:54 -
0%
Prev close Open
0.255 0.255
Low High
0.255 0.260
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.255 -%
Volume 1 month var.
98,500 -%
24hGold TrendPower© : -9
Produces
Develops
Explores for Copper - Gold - Molybdenum - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 2/25/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.17-0.83%Trend Power :
OceanaGold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.20+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.86+0.00%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 10.06+1.93%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 0.57-4.68%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+18.18%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.26+6.10%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
 14.59+0.97%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.31+3.33%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
 0.21-2.33%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
 2.20+4.27%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.96+0.23%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.05+16.67%Trend Power :
Sun Res.(Oil)SUR.AX
Released ASX Announcement: Quarterly Activities Report
AU$ 0.00+0.00%Trend Power :
Take advantage of rising gold stocks
  • Subscribe to our weekly mining market briefing.
  • Receive our research reports on junior mining companies
    with the strongest potential
  • Free service, your email is safe
  • Limited offer, register now !
Go to website.