Exploration Targets to Test
The Ootsa Property contains numerous exploration targets located within a few kilometres radius of the known deposits, and the property has a lot of exploration upside. A map showing some of the exploration targets on the property is available at the flowing link: http://goo.gl/fJ8d4. There are 5 geophysical chargeability anomalies surrounding the Ox and Seel deposits, and 13 magnetic anomalies. The Seel deposit contains overlapping chargeability and magnetic anomalies and 2 of the untested chargeability anomalies have similar features. Damascus style high grade silver base metal veins have been encountered in drilling at both the Seel and Ox deposits, and this style of mineralization could be widespread across the property. Known or interpreted faults with potential to host silver base metal veins are shown on the Exploration Target map at the link above.
Plans for 2013
Funding and planning for the 2013 exploration season at Ootsa are in progress. Detailed plans will be announced when they are finalized. The Company anticipates another aggressive exploration program at Ootsa in 2013 to fill in and expand known deposits, and further explore and drill test the highest priority exploration targets surrounding the known zones of mineralization. The 2013 program will likely include substantial drilling, extending the geophysical coverage over the area, a large surface exploration program, additional metallurgy, and possibly baseline environmental, geotechnical, and engineering studies.
For more information please see our website at http://goldreachresources.com. All of our recent news releases can be viewed on the Company's website at http://goldreachresources.com/news/2013/.
Seel and Ox Technical Report
The Technical Report supporting the Seel and Ox resource estimates is now complete and will be posted on Sedar and on the company's website (http://goldreachresources.com) under the Technical Report tab shortly.
PDAC Toronto and Mines and Money Hong Kong
Gold Reach will display core from the Seel deposit at the Core Shack during the Prospectors and Developers Association of Canada (PDAC) 2013 at the Metro Toronto Convention Centre, Toronto. Seel core will be displayed from 10 am to 5:30pm on Sunday March 3 and Monday March 4 at Booth 5002 in the Core Shack, level 700. Gold Reach will also have a display during PDAC in the Exhibitor Hall, level 800, at booth 2525.
Gold Reach is pleased to announce that it will be attending the Mines and Money Conference in Hong Kong at the Hong Kong Convention and Exhibitor Centre from March 18 to 22. Gold Reach will have a display at booth L53, and will give a presentation on the Ootsa project at 12:50pm on March 19th.
About Gold Reach Resources
Gold Reach Resources Ltd. has made an important new and strategic Copper Gold Molybdenum discovery on its 100% held Ootsa Property located adjacent to the 16,000 tonne per day Huckleberry Mine currently producing Cu Au and Mo in central BC.
Gold Reach's Ootsa property is an advanced stage exploration project containing the Seel and Ox porphyry systems both with compliant resource estimates open for expansion. The Company has recently added the discovery of the West Seel Porphyry where drill hole S12-118 encountered 128 metres grading 1.01% Cu Eq. consisting of 0.43% Cu, 0.33 g/t Au, 0.076% Mo and 4.76 g/t Ag within a much larger interval of 537 metres grading 0.65% Cu Eq. consisting of 0.27% Cu, 0.19 g/t Au, 0.055% Mo, and 2.69 g/t Ag. The Seel deposit contains 67.8 million tonnes of indicated resources and 410.9 million tonnes of inferred resources at a 0.2% copper equivalent cut off. The Ox deposit contains 52.65 million tonnes of inferred resources at a 0.2% copper equivalent cut off.
The Company is well financed with over $2.5 million dollars in the treasury and holds a 2% NSR covering 23,000 hectares of mining claims located adjacent to the Blackwater Gold deposit in central British Columbia.
Dr. Shane Ebert, P. Geo. is the Qualified Person responsible for the preparation of this news release.
Shane Ebert, President/Director
Safe Harbour 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Gold Reach Resources Ltd.
604-718-5454 or Direct Line: 250 964-2699
Toll Free: 888-500-4587
B&D Capital Partners
Envoy Strategic Partners
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