Gold Reach Resources Ltd

Published : January 20th, 2014

Intersects 179.5 Metres Of 0.80% Copper Equivalent Including 96 Metres Of 1.04% Copper Equivalent An

( 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 |

GOLD REACH INTERSECTS 179.5 METRES OF 0.80% COPPER EQUIVALENT INCLUDING
96 METRES OF 1.04% COPPER EQUIVALENT AND 24 METRES OF
2.01% COPPER EQUIVALENT AT EAST SEEL

January 20, 2014

January 20, 2014: Vancouver, British Columbia: Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach and/or the Company) is pleased to announce that assay results for holes S13-183 to 186 from the East and West Seel deposits have been received. The East Seel deposit is located adjacent to the Company�s West Seel discovery, and both occur 4 kilometres south-southwest of the Company�s Ox deposit.. All 3 deposits occur on the Company�s 100% owned Ootsa Property located south of Smithers British Columbia, adjacent to the producing Huckleberry Mine.

HIGHLIGHTS

  • East Seel Deposit � High Grade Intercepts Continue
    • Hole S13-183 intersected 179.5m of 0.80% copper equivalent from 30.5 to 210m depth,
    • including 96m grading 1.04% copper equivalent from 38 to 134m depth,
    • including 24m grading 2.01% copper equivalent from 76 to 100m depth.
  • 24m of 2.01% copper equivalent in hole S13-183 represents the highest grade interval with significant width ever encountered at the East Seel Deposit

The 2013 drilling program at the Ootsa project was focused on infilling and expanding higher-grade zones of near-surface mineralization at Ox, East Seel, and West Seel and was successful in achieving that goal. Results for 13 additional drill holes from the 2013 program are still pending.

East Seel Drill Results
An updated drill hole location map for the Seel deposit is available here
http://goldreachresources.com/_resources/images/seel/Seel_drill_hole_location_map_Jan_20_2014.png
. East Seel cross section 14.5 showing holes S13-183 and 186 is available here
http://goldreachresources.com/_resources/images/seel/E_Seel_section_14.5.png
and East Seel cross section 13 showing holes S13-184 and 185 is available here
http://goldreachresources.com/_resources/images/seel/E_Seel_section_13.png.

Hole S13-183 was a vertical infill hole drilled between East Seel sections 14 and 15 and is shown on East Seel cross section 14.5. The hole intersected 179.5 metres grading 0.43% copper and 0.50 g/t gold (0.80% copper equivalent) from the base of gravel cover at 30.5 metres to 179 metres depth. Included in this interval is 96 metres grading 0.58% copper and 0.62 g/t gold (1.04% copper equivalent) from 38 to 134 metres depth, and 24 metres grading 1.11% copper and 1.22 g/t gold (2.01% copper equivalent) from 76 to 100 metres depth. This 24 metre interval grading 2.01% copper equivalent represents the highest grade interval with significant width encountered at East Seel to date. Hole S13-186 is also shown on East Seel cross section 14.5 and tested the southeast side of the deposit. The hole intersected 77.9 metres grading 0.24% copper and 0.21 g/t gold (0.41% copper equivalent) from 53.1 to 131 metres depth.

Holes S13-184 and 185 are located on East Seel section 13. Hole S13-184 intersected 142.4 metres grading 0.22% copper and 0.18 g/t gold (0.38% copper equivalent) from 39.6 to 182 metres depth. Hole S13-185 intersected 3 zones of mineralization as summarized in the table below. On East Seel Section 13 the stronger mineralization correlates reasonably well with a coarse crowded feldspar porphyry intrusive which hosts the bulk of the East Seel deposit. This intrusive is getting smaller in size and becoming more irregular in distribution towards the southwest end of the East Seel deposit.

Summary of select drill intercepts � East Seel Holes S13-183 to 186

Drill Hole From (m) To (m) Width (m)* Cu % Au g/t Ag g/t Mo % Cu Eq.%**
S13-183 30.5 210.0 179.5 0.43 0.50 1.93 - 0.80
including 38.0 134.0 96.0 0.58 0.62 2.75 - 1.04
including 76.0 100.0 24.0 1.11 1.22 4.98 - 2.01
S13-183 276.0 292.0 16.0 0.23 0.19 0.77 - 0.37
S13-184 39.6 182.0 142.4 0.22 0.18 1.31 0.005 0.38
S13-185 33.5 44.0 10.5 0.12 0.14 0.57 - 0.22
S13-185 60.0 108.0 48.0 0.15 0.16 0.82 - 0.27
S13-185 148.0 164.0 16.0 0.12 0.14 0.51 - 0.22
S13-186 53.1 131.0 77.9 0.24 0.21 1.35 0.003 0.41

*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 copper, molybdenum, gold and silver 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 silver, and $10/lb molybdenum using the formula Cu Eq.% = Cu% + (Au g/t x 0.701) + (Ag g/t x 0.0087) + (Mo% x 4.01).

Dr. Shane Ebert, President of the company stated, �we are very pleased to see more exceptionally high grade intersections continue to come out of the East Seel zone. Strong grades have been intersected consistently from East Seel section 14 to East Seel section 17 over a strike length of about 200 metres. This higher grade core to the East Seel deposit shows widths up to 150 metres and extends to depths up to 150 metres and occurs within a larger mineralized zone that measures approximately 350 metres in length by up to 275 metres wide and up to 300 metres deep. Although smaller than the adjacent West Seel deposit, we anticipate the strong grades in the near surface East Seel deposit will play an important role in future economic studies at the Ootsa project�.

West Ox Target
Four exploration holes were drilled into the West Ox Target, a large geophysical anomaly located 1.5 to 3 kilometres west of the Ox deposit. The holes tested geophysical chargeability highs and the margins of chargeability highs along with coincident resistivity lows and locally corresponding magnetic anomalies. No significant intervals of mineralization were encountered in the drilling.

All 4 drill holes intersected bedded clastic sedimentary rocks, dominantly black mudstones with lessor gray silt and sandstones, and all holes contained zones of hydrothermal alteration with widespread sulfides comprised mainly of pyrite and pyrrhotite with locally minor chalcopyrite, sphalerite, and galena. In places the sedimentary rocks contain 5 to 6% pyrrhotite and are strongly magnetic. Graphite occurs locally.

Narrow intervals of altered porphyry intrusive were intersected in some holes, but a larger intrusive body has not yet been found. Preliminary interpretation of the drill core suggests the West Ox drill holes have intersected a large zone of pyrite-pyrrhotite hornfels and �sulfide halo� which could occur adjacent to a large intrusive system. This would be analogous to the large pyrite-pyrrhotite halo that surrounds the Ox intrusion at the Ox deposit. The presence of narrow porphyry dikes and small zones of chalcopyrite bearing potassic alteration in the West Ox holes are positive indicators that mineralized zones could occur nearby. Roughly two thirds of the West Ox chargeability anomaly remains untested and additional exploration work will be required to fully test the zone for porphyry style mineralization.

Drilling Update
The 2013 drill program is now complete. Assay results for the first 40 holes drilled at Seel have been received (holes S13-147 to 186) and released. An additional 13 holes have been completed at Seel (S13-187 to 199) and will be released shortly.

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 Seel and Ox porphyry systems both with compliant resource estimates open for expansion. The Company has completed 134,878 metres of core drilling on the property, with 36,135 meters completed during 2013. An updated resource for the Seel deposit is expected in the first quarter of 2014.

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 AGAT Laboratories for analysis (which is an ISO 9001 and ISO/IEC 17025 certified lab), while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with 45 additional elements analyzed by Induced Coupled Plasma (ICP) utilizing a 4-acid digestion. 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 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

 

For Further information, please contact:
Telephone: 604-718-5454
S. Ebert direct line: 250 964-2699
Toll Free: 888-500-4587
http://goldreachresources.com

Or
B&D Capital Partners
Don Mosher
Telephone: 604-685-6465
Don@bdcapital.com

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 managements beliefs, estimates obligations or other factors should change.

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$ 7.29-0.14%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$ 9.75+4.50%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 0.59-1.84%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.05-9.09%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
 2.24+0.45%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
 14.31-0.76%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
 0.30-6.25%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 ...
 2.10-0.47%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 42.61+0.45%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.