January 10, 2011: Vancouver, British Columbia: Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach or the Company) reports that it has increased its land position at the Auro Property directly adjacent to the Richfield Ventures Blackwater discovery (RVC:TSX-V).
The Princess claims are located in the northwestern corner of the Auro property and is surrounded by Gold Reach’s Auro claims, which are adjacent to Richfield Ventures (RVC: TSX-V-) bulk gold discovery. This claim infill’s an important gap to the Auro property. To view a map of these new claims please visit the Company’s website at www.goldreachresources.com.
Gold Reach has entered into a purchase agreement to acquire a 100% interest in the 407 hectare Princess Claim from Tom Christianson for $8,000 cash and 40,000 shares subject to TSXV approval.
Conrad Swanson, President of Gold Reach Resources Ltd. stated "The acquisition of the Princess claims is strategic to our Auro Property development. It locks up a significant land position for Gold Reach."
About Gold Reach Resources
Gold Reach Resources Ltd. is a Canadian mining 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 and is also exploring the Auro project next to the Richfield Ventures gold discovery located 150 kilometres south of Vanderhoof B.C.
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