Gold Reach Resources Ltd.: 2011 Ootsa Exploration Program Completed
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/25/11 -- GRV (TSX VENTURE: GRV) announces the 2011 exploration program at Ootsa, next to the producing Huckleberry Mine, is complete. Highlights of the 2011 field season include the completion of 20 additional drill holes and increased the drilling from 5500m to 10,393m using two drill rigs. The new drilling has expanded the depth, width, and length of the Seel deposit. The 44.5 line km of 3-D IP that was completed resulted in a number of new anomalies identified. Over 1500 soil samples have been taken, and the results will be compiled with surface mapping and geophysical results to prioritize targets for drill testing next year. Soil sampling at the Ox deposit has identified a copper in soil anomaly that is over 800m long by 250m wide that coincides with a historic IP chargeability anomaly. Overall this has been a very productive season for Gold Reach at Ootsa. Once all the assays are in, a new resource estimate will be conducted on the Seel deposit by Gary Giroux Engineering of Vancouver.
The Ootsa Lake camp has been winterized at the site in order to get an early start in 2012. Results for the first five holes have been released and can be viewed on the Gold Reach website: (see news releases for Sept 12, 2011 and Oct 11. 2011). Results for the remaining 15 holes are expected by early December 2011.
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 this news release.
Contacts:
Gold Reach Resources Ltd.
604-718-5454 or Toll Free: 888-500-4587
Advanture Capital Partners
Investor Relations
604-563-5028
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Datum: 25.10.2011 - 13:40 Uhr
Sprache: Deutsch
News-ID 79926
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VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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