Gold Reach Resources Ltd. Drills 57.50 m of 0.67% Cu, 0.077g/t Au, 22.2g/t Ag, at Seel
02 May 2008 - 12:53AM
Marketwired Canada
Gold Reach Resources Ltd. (TSX VENTURE:GRH) is pleased to announce it has
received partial results for the winter drill program.
To date assays results from five drill holes have been received, four of which
test the east side of the Seel Breccia and one tests the flanks of the Seel
copper - gold porphyry. Three other holes were lost due to difficult ground
conditions.
Historical hole S06-42 (2006) intersected 138 meters of 0.845 Cu%, 0.065 Au g/t
and 23 g/t Ag and was intersected at right angles by drill hole S08-61 at a
depth of 70 meters. This new hole, S08-61 intersected 57.50 meters of
mineralized breccia over a true width of 46 meters. During the last four years
15 drill holes have intersected the Seel Breccia, 10 of which principally tested
its eastern edges. Drilling and surface geological mapping suggest the Seel
breccia pipe is approximately 200 meters in diameter with high grade
copper-silver-zinc mineralization commonly occurring on the outer flanks of the
pipe. On the east side of the Seel breccia pipe mineralization occurs in a
curved form extending over 185 meters in length, at least 270 meters to depth
and plunges steeply towards the Seel copper gold porphyry only 100 meters away
(see website). To date the 5 drill holes suggest a true thickness of
mineralization from 26 to 46 meters. The inside portion of the breccia pipe has
a rough diameter of 150 meters and is not highly mineralized. However, the
intensity of the visible silica alteration and consistent rock brecciation in
drill core continue to make this inner portion of the pipe an interesting target
for other potential high grade mineralization at depth.
The remaining holes were drilled to test extensions of the copper-gold and
copper-molybdenum mineralization anywhere from 300 to 440 meters east and south
of the Seel breccia. Once all the results are available, the 80 holes drilled at
Seel over the last 4 years will be submitted to Wardrop Engineering for a
resource calculation.
The following table is a summary of significant results to date.
----------------------------------------------------------------------------
HOLE FROM TO LENGTH m CU% AU_GT AG_GT ZN_PPM Target
----------------------------------------------------------------------------
Seel
Breccia -
approx
true
width 26
S08-60 87.50 115.00 27.50 0.165 0.029 4.7 538 meters
----------------------------------------------------------------------------
S08-60 145.00 151.20 6.20 0.133 0.059 3.1 104 "
----------------------------------------------------------------------------
Seel
Breccia -
approx
true
width 46
S08-61 25.00 82.50 57.50 0.667 0.077 22.2 2381 meters
----------------------------------------------------------------------------
Seel
S08-62 no significant results Breccia
----------------------------------------------------------------------------
Porphyry
S08-63 lost hole flank
----------------------------------------------------------------------------
Porphyry
S08-64 lost hole flank
----------------------------------------------------------------------------
Seel
Breccia -
approx
true
width 43
S08-65 12.50 45.00 32.50 0.183 0.030 2.3 1383 meters
----------------------------------------------------------------------------
S08-65 85.00 105.00 20.00 0.120 0.013 0.4 166 "
----------------------------------------------------------------------------
Seel
Breccia -
approx
true
width 37
S08-66 7.50 75.00 67.50 0.400 0.041 11.4 2373 meters
----------------------------------------------------------------------------
S08-66 85.00 107.50 22.50 0.197 0.015 3.2 229 "
----------------------------------------------------------------------------
S08-66 120.00 122.50 2.50 0.273 0.013 4.7 383 "
----------------------------------------------------------------------------
Porphyry
S08-67 lost hole flank
----------------------------------------------------------------------------
Porphyry
S08-68 175.00 180.00 5.00 0.161 0.431 0.2 35 flank
----------------------------------------------------------------------------
S08-68 205.00 207.50 2.50 0.066 0.169 0.2 64 "
----------------------------------------------------------------------------
S08-68 225.00 227.50 2.50 0.073 0.299 2.4 66 "
----------------------------------------------------------------------------
All the core has been split and sent to the Assayers Canada Labs preparation
facility in Telkwa, B.C., and then to Vancouver, B.C., for analysis. All samples
are undergoing a multi-element analysis by ICP/MS and wet geochem for gold and
assays are pending.
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 kilometers 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
Safe Harbour Statement: The Company relies upon litigation protection for
"forward-looking statements."
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