Gold Reach Resources Ltd

Published : December 05th, 2011

Gold Reach Announces Significant New Cu-Au Discovery Intersects 566 Metres of .51% CU EQ

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Copper | Diamond | Gold | Molybdenum | Recovery | Silver |
If you have trouble seeing this e-mail, please click here:
http://www.vantagewire.com/blasts/20111205grv/

Add news@vantagewire.com to your address book or safe list to ensure delivery of email blasts (click for instructions)
 

Gold Reach Announces Significant New Cu-Au Discovery
Intersects 566 Metres of .51% CU EQ

Click Here for a Free Real-time Stock Quote on TSX-V: GRV

December 5, 2011: Vancouver, British Columbia: Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach or the Company) confirms the discovery of a new mineralized zone, which is open at length, depth and width.  The Ootsa Property is located adjacent to the producing Huckleberry Mine, in central British Columbia. The final four 2011 drill holes (97-100) are from the newly discovered West Seel Deposit and all four holes have intersected long intercepts of continuous Cu-Au-Mo-Ag mineralization. Significant results are summarized in the table below and a map showing the location of the 2011 drill holes at Seel is available on our website at www.goldreachresources.com.

Hole 97 was drilled toward the northwest at an angle of -60 degrees and intersected 419.5m grading 0.23% Cu, 0.15 g/t Au, 0.025% Mo and 3.9 g/t Ag (0.47% Cu Eq.) from 120 to the end of the hole at 539.5m depth. Hole 98 was drilled toward the southwest at an angle of -60 degrees and intersected 571.9m grading 0.18% Cu, 0.12 g/t Au, 0.02% Mo and 3.8 g/t Ag (0.38% Cu Eq.) from 52m depth to the end of the hole at 623.9m depth. The lower portion of hole 98 returned 217.9m grading 0.22% Cu, 0.14 g/t Au, 0.03% Mo and 3.6 g/t Ag (0.47% Cu Eq.) from 406 to 623.9m depth.

Hole 99 was drilled toward the southwest at an angle of -55 degrees and tested the southern known extent of the West Seel Deposit. The hole intersected 543.9m grading 0.18% Cu, 0.12 g/t Au, 0.016% Mo and 3.2 g/t Ag (0.36% Cu Eq.) from 66m depth to the end of the hole at 623.9m including a higher grade zone containing 138m grading 0.26% Cu, 0.21 g/t Au, 0.028% Mo and 3.2 g/t Ag (0.54% Cu Eq.) near the bottom of the hole. Hole 100 was drilled toward the southwest at an angle of -66 degrees and is the deepest test of the West Seel Deposit to date. The hole intersected 566.7m grading 0.25% Cu, 0.17 g/t Au, 0.028% Mo and 3.4 g/t Ag (0..51% Cu Eq.) from 170m to the end of the hole at 736.7m. Hole 100 also intersected a higher grade zone returning 124m grading 0.27% Cu, 0.30 g/t Au, 0.051% Mo and 2.5 g/t Ag (0.71% Cu Eq.) from 548 to 672m depth.

Summary of select drill intercepts � Seel Property


Drill Hole
From (m)
To (m)
Width (m)*
Cu %
Au g/t
Mo%
Ag g/t
Cu Eq.%**
S11-97
120.0
539.5
419.5
0.23
0.15
0.025
3.9
0.47
including
324.0
468.0
162.0
0.27
0.18
0.037
3.8
0.58
S11-98
52.0
623.9
571.9
0.18
0.12
0.020
3.8
0.38
including
406.0
623.9
217.9
0.22
0.14
0.030
3.6
0.47
S11-99
66.0
609.9
543.9
0.18
0.12
0.016
3.6
0.36
including
440.0
578.0
138.0
0.26
0.21
0.028
3.2
0.54
S11-100
170.0
736.7
566.7
0.25
0.17
0.028
3.4
0.51
including
374.0
510.0
136.0
0.29
0.20
0.033
4.0
0.60
including
548.0
672.0
124.0
0.27
0.30
0.051
2.5
0.71

*Width refers to drill hole intercepts, true widths have not been determined.
**Cu Eq. (copper equivalent) has been used to express the combined value of gold, copper, silver, and molybdenum as a percentage of copper, and is provided for illustrative purposes only. No allowances have been made for recovery losses that may occur should mining eventually result. Calculations use metal prices of US $2.50/lb copper, $1200/oz gold, $15/oz silver, and $10/lb molybdenum using the formula CuEq.% = Cu% + (Au g/t x 0.701) + (Mo% x 4.01) + (Ag g/t x 0.0087).

The West Seel deposit is partially hosted within an intrusive rock containing strong biotite alteration and a pyrrhotite-pyrite-chalcopyrite-molybdenite sulfide assemblage and partially hosted in a hornfelsed wallrock contact zone. The upper and eastern portions of the deposit occur within the main Seel porphyry complex. The deposit is concealed under shallow cover and to date it has been traced for 600m along strike, to depths of 500m and over widths up to 300m. Only 6 deep holes have tested the West Seel deposit to a maximum depth of 737m and the zone remains open to the west, north and south and at depth. All of the new holes into the zone end in mineralization and the deposit have excellent potential for expansion.

Holes 98 and 100 were drilled on the same section, with hole 100 located 60m back from 98 testing the same zone at deeper levels. The grades in the deeper hole 100 are significantly higher than the upper hole 98, which suggests the grade of the West Seel Deposit could be increasing with depth. This possibility is supported by holes 95, 97 and 99, which contain higher grade zones at depth compared to their upper levels.

Gold Reach is extremely pleased with the results from the 2011 exploration program at Seel. The companies stated goal for 2011 was to substantially increase the resource potential at Seel and this goal has clearly been met by tracing continuous mineralization at the Seel Cu-Au zone to over 700m vertical depth and through the discovery and partial delineation of the West Seel Deposit. In addition soil sampling at the Ox deposit has identified a copper in soil anomaly that is over 800m long by 250m wide that coincides with a historic IP chargeability anomaly. This zone also shows considerable potential for expansion and will be drill tested in 2012.

Geologic modeling of the Seel and West Seel deposit is currently in progress and a new resource estimate will be conducted by Giroux Consultants Ltd. of Vancouver and should be complete in the first quarter of 2012. The company currently has two compliant 43-101 resource calculations from 2008 at Seel and Ox.

Quality Control

All drill core is logged, photographed and cut in half with a Diamond saw. Half of the core is bagged and sent to SGS Mineral Services for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with additional elements analyzed by Induced Coupled Plasma (ICP). Duplicate samples, blanks and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control.

Dr. Shane Ebert, a qualified person under NI 43-101 has approved this news release.

ON BEHALF OF THE BOARD OF DIRECTORS
"Conrad Swanson"
President

Click here for contact information

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 Harbor Statement: The Company relies upon litigation protection for "forward-looking statements." The Company undertakes no obligation to update these forward-looking statements in the managements beliefs, estimates obligations or other factors should change

Click Here for a Free Real-time Stock Quote on TSX-V: GRV

 


Disclaimer: Vantage Communications Ltd. was paid to distribute this bulletin.
Vantage Communications may or may not own securities in this particular company.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
You are on this mailing list because you registered for VantageWire News.
Past performance of Companies mentioned does not guarantee future performance.

If you would like to opt out click here.

For more information about this service, please contact
Vantage Communications Ltd. at 1.800.574.0901
Suite 150 - 666 Burrard St, Vancouver, British Columbia V6C 2X8

This email complies with the US Federal CAN-SPAM Act of 2003

 

.

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$ 7.24+0.76%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$ 9.87+1.75%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 0.57-4.35%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+10.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.13-1.84%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
 14.45+2.05%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
 0.20-2.38%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 ...
 2.11+2.43%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.86+2.14%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$ 0.04+0.00%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.