Gold Reach Resources Ltd.
TSX VENTURE : GRV

Gold Reach Resources Ltd.

October 11, 2011 09:30 ET

Gold Reach Announces Additional Drill Results for Seel Including 106.4 Metres Grading 0.41 Grams Per Tonne Gold and 0.4% Copper

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2011) - Gold Reach Resources Ltd. (TSX VENTURE:GRV) is pleased to announce additional drilling results from holes 82 to 85 at the Seel deposit at the company's Ootsa Lake Property in central British Columbia and adjacent to the producing Huckleberry Copper Mine. The upper portion of hole 82 has been released previously. A total of 8000 metres of drilling in 16 holes has been completed to date. Results from holes 82 to 85 are summarized in the table below.

Hole 82 was drilled at an angle of minus 70 degrees toward the southeast and reached a total depth of 731.5 metres. The entire hole was mineralized and returned a 701.9 metre zone from the start of bedrock at 29.6 metres to the end of the hole at 731.5 metres grading 0.19 g/t gold and 0.16% copper. The upper part of the hole returned 514.4 metres grading 0.22 g/t gold and 0.19% copper from 29.6 to 544.0 metres depth. As previously released, this hole also encountered a zone of higher grade gold and copper mineralization which sits close to surface, and returned 174.4 metres grading 0.4 g/t gold and 0.35% copper (from 29.6 to 204 metres depth).

Holes 83, 84, and 85 were relatively short holes drilled toward the northeast to define the northeast boundary of the copper-gold zone. Bedrock in hole 83 started at 41.6 metres and the hole was drilled to a total depth of 237.2 metres. Hole 83 returned 186.4 metres grading 0.27 g/t gold and 0.36% copper from 41.6 to 228 metres depth, including a higher grade near surface zone containing 106.4 metres grading 0.41 g/t Au and 0.4% copper from 41.6 to 148 metres depth. Hole 83 intersected a mineralized fault zone that returned 0.9% copper, 24 g/t silver, and 0.11% zinc over 12 metres from 162 to 174 metres depth.

Summary of select drill intercepts–Seel Property
Drill Hole From (m) To (m) Width (m)* Au g/t Cu % Ag g/t Zn %
S11-82 29.6 731.5 701.9 0.19 0.16 - -
including 29.6 544.0 514.4 0.22 0.19 - -
including** 29.6 204.0 174.4 0.40 0.35 - -
including** 50.0 126.0 76.0 0.47 0.43 - -
S11-83 41.6 228 186.4 0.27 0.36 - -
including 41.6 148 106.4 0.41 0.4 - -
including 162 174 12 0.08 0.9 24 0.11
S11-84 19.2 184 164.8 0.17 0.21 - -
including 19.2 136 116.8 0.21 0.26 - -
including 126 136 10 0.11 0.76 39.1 1.0
S11-85 13.7 119 105.3 0.25 0.23 - -
* Width refers to drill hole intercepts, true widths have not been determined.
** Previously released interval.

Bedrock in hole 84 started at 19.2 metres depth and the hole was drilled to a depth of 198.1 metres. The hole intersected 164.8 metres grading 0.17 g/t gold and 0.21% copper from 19.2 metres to 164.8 metres depth, including a higher grade zone containing 116.8 metres grading 0.21 g/t gold and 0.26% copper from 19.2 to 136 metres depth. Hole 84 intersected a mineralized fault zone that returned 10 metres grading 0.76% copper, 39.1 g/t silver, and 1% zinc from 126 to 136 metres depth.

Bedrock in hole 85 started at 13.7 metres depth and the hole was drilled to a depth of 281.6 metres. The hole returned a 105.3 metre intercept grading 0.25 g/t gold and 0.23% copper. Hole 85 intersected a fault zone at 156 metres depth which contained anomalous copper and zinc values.

To date the 2011 drill program at Seel has had excellent success in demonstrating the Companies goal of significantly expanding the size potential of the Seel Property. Hole 82 has returned the longest continuously mineralized interval of copper-gold mineralization drilled to date at Seel. The hole demonstrates the copper-gold zone is continuous over a vertical interval of 650 metres and the mineralized zone remains open at depth. This hole highlights the excellent potential to significantly increase copper and gold resources at the Seel project. Additional deep holes have been completed into the Seel Porphyry and further results are expected within the next few weeks. There are currently two drills operating at Seel focused on defining the vertical and lateral extent of mineralization and testing new high priority exploration targets on the property

Quality Control

All drill core is logged, photographed, and cut in half with a diamond saw. Half of the core is bagged and sent to SGS Mineral Services for analyses while the other half is archived and stored on site for verification and reference purposes. Gold is assayed by standard fire assay methods with additional elements analyzed by Induced Coupled Plasma (ICP). Duplicate samples, blanks, and certified standards are included with every sample batch and then checked to ensure proper quality assurance and quality control.

Dr. Shane Ebert, a qualified person under NI 43-101 has approved this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Conrad Swanson, President & CEO

Safe Harbour Statement: The Company relies upon litigation protection for "forward-looking statements".

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.

Contact Information