in response toby
posted on Nov 21, 2007 04:15AM
Gold Reach Resources Ltd. (TSX VENTURE:GRH) ("Gold Reach" or the "Company") would like to provide an update on the recently completed drill program.
The Company completed 6993 metres of drilling on the Ox Lake and Seel projects this past summer/fall. Seven of the fifteen holes at Ox Lake were infill holes to allow for a resource calculation and the balance of the holes tested new anomalies on the east side of Ox Lake.
Nine of the eleven holes at the Seel project tested new anomalies. Six of the holes were collared approximately 1.5 kilometres to the southwest of hole SO06-42 (138 metres of .845% Cu, 23 g/t Ag) and three were collared approximately 1.5 kilometres to the southeast. The other two holes tested an area approximately five hundred metres to the west of stockworks holes SO05-08 and SO06-24 (SO05-08: 108 metres 0.43% Cu, .485 g/t Au, SO06-24: 115 metres of .35% Cu, .373 g/t Au). In addition, seventy-five line kilometres of ground 3D Induced-Polarization (3DIP) geophysics was completed.
Drill results were sent directly to Wardrop Engineering who will be completing a resource calculation on Ox Lake in the next few weeks.
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, and reviewed by the Company's qualified person, Derrick Strickland P.Geo.
About Gold Reach:
Gold Reach Resources is a Canadian 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.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
For complete details of this news release and other projects, please visit the Company's website at www.goldreachresources.com.
Safe Harbour Statement: The Company relies upon litigation protection for "forward-looking statements."
SOURCE: Gold Reach Resources Ltd.
Gold Reach Resources Doug Kerr (604) 718-5454 or Toll Free: 1-888-500-4587 Email: [email protected] Website: www.goldreachresources.comCopyright (C) 2007 Marketwire. All rights reserved.