March 26, 2012: Vancouver, British Columbia: Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach and/or the Company) is pleased to announce a minimum 20,000 metre diamond drilling program will commence in May on the company’s 100% owned Ootsa Property in British Columbia.
A drill contract has been signed with Full Force Diamond Drilling Ltd. and 2 drills will be mobilized to the Ootsa Property. Drilling will initially focus on delineating the West Seel deposit which was discovered near the end of the 2011 drilling program. The last hole drilled during the 2011 drilling program at West Seel returned 566.7 metres grading 0.54% Cu Eq and the hole ended in mineralization. The new discovery remains open to the west, north, south, and at depth. The attached cross section through the West Seel deposit shows holes S11-98 and S11-100. The large mineralized zone intersected by these holes remains open up dip, at depth, and to the southwest. A series of proposed holes (dashed lines) spaced roughly 100 metres apart are illustrated on the section, and are designed to trace the mineralized zone to surface, extend the mineralized zone to depth, and determine the southwest extent of mineralization.
The majority of drilling during the 2012 exploration program will focus on the West Seel deposit. In addition, up to two deep holes will be drilled into the zone to see if the observed trend of increasing grades with depth continues. Some drilling is being planned at the nearby Ox porphyry to see if the Ox resource can be expanded to the northwest and to depth, and some drilling is allocated to test new targets on the Ootsa claim block. The 2012 Ootsa exploration program will also include a substantial surface exploration program including property scale mapping and surface sampling, soil sampling, trenching, and induced polarization geophysics. The 2012 exploration program is fully permitted.
To view the map associated with this press release, please visit the following link: http://www.goldreachresources.com/_resources/maps/West_Seel_Section_2012.pdf
About Gold Reach Resource
Gold Reach Resources Ltd. is a Canadian exploration company with an experienced board and management team that is actively involved in mineral exploration in British Columbia. The company holds a 100% interest in the Ootsa Property, located adjacent to the producing Huckleberry Mine, and containing the Seel and Ox porphyry systems. The Seel porphyry contains a NI43-101 compliant resource containing 214.78 million tonnes grading 0.17% Cu, 0.13 g/t Au, 0.017% Mo, and 2.17 g/t Ag (0.33% Cu Eq) in the inferred category plus an additional 28.13 million tonnes grading 0.22% Cu and 0.21 g/t Au (0.40% Cu Eq) in the indicated category. The resource contains 805 million lbs. of Cu inferred plus 136 million lbs. of Cu indicated, 897,694 ounces of Au inferred plus 189,924 ounces of Au indicated, 15 million ounces of Ag inferred plus 1 million ounces of Ag indicated, and 80 million lbs. of Mo inferred plus 4 million lbs. of Mo indicated. The Ox porphyry, located 4 km northwest of Seel, contains a NI43- 101 compliant resource containing 16 million tonnes grading 0.3% Cu and 0.04% Mo in the inferred category.
The company is well financed with over $6 million dollars in the treasury and holds a 2% NSR covering 23,000 hectares of mining claims located adjacent to the Blackwater Gold deposit in
Dr. Shane Ebert, P. Geo. the President of the Company, is the Qualified Person responsible for the preparation of this news release, and has approved all technical disclosure contained herein.
Shane Ebert, President/Director
For Further information, please contact:
S. Ebert direct line: 250 964-2699
Toll Free: 888-500-4587
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 managements beliefs, estimates obligations or other factors should change.