Gold Reach Resources Ltd. Drills 100m of 0.497% Copper and 0.43 g/t Gold at Seel
26 May 2008 - 11:00PM
Marketwired Canada
Gold Reach Resources Ltd. (TSX VENTURE:GRH) 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.
----------------------------------------------------------------------------
Section
(045
degree
HOLE FROM TO LENGTH CU% AU_GT AG_GT MO_PPM ZN_PPM Target look)
----------------------------------------------------------------------------
Cu-Au
S08-69 73.15 110.00 36.85 0.319 0.288 0.7 42 46 Zone 4800N
----------------------------------------------------------------------------
S08-69 117.50 312.50 195.00 0.281 0.296 0.5 9 39 " "
----------------------------------------------------------------------------
Cu-Mo
S08-70 48.77 175.00 126.23 0.128 0.081 0.4 176 95 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 " "
----------------------------------------------------------------------------
Cu-Mo
S08-71 30.48 313.03 282.55 0.109 0.077 0.6 186 112 Zone 4600N
----------------------------------------------------------------------------
4800N
Cu-Au drilled
S08-72 83.82 125.00 41.18 0.246 0.246 0.4 5 41 Zone 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 " "
----------------------------------------------------------------------------
Cu-Mo
S08-73 25.00 35.00 10.00 0.046 0.049 0.3 54 74 Zone 4500N
----------------------------------------------------------------------------
S08-73 57.50 237.50 180.00 0.094 0.100 0.2 164 125 " "
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West of
S08-74 neg zone 4200N
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West of
S08-75 neg zone 4200N
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S08-76 90.00 97.50 7.50 0.218 0.051 7.9 5 3100
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West of
S08-77 132.50 135.00 2.50 0.133 0.020 4.9 10 143 zone
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Seel
Breccia 5000N
/ Cu-Au drilled
S08-78 6.10 42.50 36.40 0.209 0.173 7.8 31 2829 Zone S
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Cu-Au
S08-78 147.50 155.00 7.50 0.116 0.103 0.2 17 25 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 " "
----------------------------------------------------------------------------
Cu-Au
Zone
(ended
in
S08-78 297.50 303.90 6.40 0.224 0.315 1.5 30 58 mineral) "
----------------------------------------------------------------------------
Cu-Mo
S08-79 37.50 205.00 167.50 0.100 0.063 0.3 90 63 Zone 4700N
----------------------------------------------------------------------------
Seel
S08-80 lost 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
----------------------------------------------------------------------------
Seel
S04-02 40.40 68.50 25.35 0.515 0.060 12.8 0.07 Breccia
----------------------------------------------------------------------------
Seel
S06-42 22.00 160.00 138.00 0.845 0.065 22.1 1.65 Breccia
----------------------------------------------------------------------------
Seel
S08-61 25.00 82.50 57.50 0.667 0.077 22.2 0.24 Breccia
----------------------------------------------------------------------------
Seel
S08-66 7.50 75.00 67.50 0.400 0.041 11.4 0.23 Breecia
----------------------------------------------------------------------------
Cu-Au
S05-08 18.30 121.90 103.60 0.436 0.480 1.8 0.05 zone
----------------------------------------------------------------------------
Cu-Au
S06-24 12.19 127.20 115.01 0.349 0.373 1.2 0.03 zone
----------------------------------------------------------------------------
Cu-Au
S06-40 36.00 138.00 102.00 0.445 0.469 0.4 0.01 zone
----------------------------------------------------------------------------
Cu-Au
S08-72 155.00 255.00 100.00 0.497 0.430 5.6 0.03 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
Safe Harbour Statement: The Company relies upon litigation protection for
"forward-looking statements."
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