Gold Reach Announces Drill Results for Auro
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/09/11 -- Gold Reach Resources Ltd. (TSX VENTURE: GRV) -
Assay results have been received for Gold Reach Resources' 2011 drill program at its 100% owned Auro property located adjacent to the 3.8 million ounce gold Black-water Davidson deposit owned by New Gold. The 2011 drilling program consisted of 3009 metres of drilling in 11 holes and tested six target areas within a 5km by 5km area. The holes were drilled in an area of deep cover and were targeted based on induced polarization geophysical anomalies and indirect surface geochemical techniques.
No significant zones of mineralization were encountered in the drill holes. Most of the drill holes encountered a large coarsely crystalline intrusive body containing localized zones of quartz-sulfide veining associated with patchy zones of potassium feldspar or sericite alteration, pyrite, and minor chalcopyrite and molybdenite. This geologic environment is considered to be too close to the large intrusive body for Blackwater-Davidson style mineralization. The information learned from the current round of drilling has helped to define the extent of the large intrusive body at Auro, and company geologists speculate that this intrusive body could share a genetic relationship with Blackwater-Davidson style mineralization. Exploration on the mostly covered claim block will now focus on the zone further outboard from the intrusive, targeting prospective host rocks at similar elevations and distance from the intrusion as the Blackwater-Davidson deposit. To date less than 10% of the property has been systematically explored.
A helicopter-borne ZTEM survey has recently been flown over an area exceeding 10km by 10km on the companies large land holdings east of the area of recent drilling. The ZTEM survey was flown with a 200 metre line spacing and will provide detailed information on conductivity/resistivity and magnetic properties of the underlying bedrock and will help focus future exploration. The results of the ZTEM survey should be available shortly. Further evaluation including surface geophysics will be undertaken at Auro prior to the next phase of drill testing.
Quality Control
All drill core was logged on site and select intervals have been split with a rock saw and sent to ACME Labs in Vancouver for analyses. Gold was analyzed by standard fire assay techniques and an additional 52 elements by induced coupled plasma (ICP). Blanks and certified standards were included with every sample batch and then checked to ensure proper quality assurance and quality control.
Contacts:
Gold Reach Resources Ltd.
Conrad Swanson
President & CEO
604-718-5454 or Toll Free: 1-888-500-4587
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Datum: 09.09.2011 - 21:42 Uhr
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News-ID 64188
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Mining & Metals
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