Gold Reach Resources Progress Report at Ootsa Lake B.C. (TSX VENTURE: GRV)
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/20/11 -- Gold Reach Resources Ltd. (TSX VENTURE: GRV) -
A minimum 5,500 meter drill program is currently underway at the company's Seel Property, located adjacent to the producing Huckleberry Mine. The first drill hole of the program is now complete and was a vertical hole (S11-81) drilled to a depth of 694m. The hole was collared on the north east side of the Seel Cu-Au zone and successfully intersected its breccia target at depth. Previous drilling at the Seel Cu-Au zone never exceeded 275m below surface and the current deep drilling program is focused on extending the higher grade Cu-Au zone to depth and along strike.
The drill is currently working on a second deep hole which is collared in the center of the Cu-Au zone and is anticipated to go to 700 or 800 meters depth. The deep drilling at Seel was designed based on encouraging deep drilling results at a number of similar deposits in British Columbia, including the adjacent Huckleberry Mine (see Imperial Metals News Release dated May 11, 2010).
Drill hole S11-81 has been logged and sampled and sent to the lab for assay with results expected in 4 to 6 weeks.
Dr. Shane Ebert, a person qualified under NI 43-101, has approved this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
Safe Harbor 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
Contacts:
Gold Reach Resources Ltd.
Conrad Swanson
President
604-718-5454 or Toll Free: 888-500-4587
Advanture Capital Partners
Investor Relations
604-563-5028
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Unternehmensinformation / Kurzprofil:
Datum: 20.07.2011 - 11:00 Uhr
Sprache: Deutsch
News-ID 36131
Anzahl Zeichen: 0
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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