Gold Reach Resources Ltd.

Gold Reach Resources Ltd.

February 28, 2008 11:33 ET

Gold Reach Announces Winter 2008 Drill Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - Gold Reach Resources Ltd. (TSX VENTURE:GRH) is pleased to announce that a 3600 metre winter drill program is underway at the Seel Breccia and Copper Gold areas. Previous drilling encountered high grade mineralization of approx. 700m by 500m (see results below). This 15 hole program is designed to allow the company to 3D model these zones for possible resource calculations and expand the field through exploration extension drilling.

Most of the 47 holes drilled between 2004-2006 encountered significant widths of mineralization. Some of these holes have been high grade. Below are just a few examples:

Drill Hole Length of Copper Gold g/t Silver g/t
No Section %

S04-04 144 m 0.299 0.281 1.5
S05-08 103 m 0.436 0.480 1.8
S06-24 115 m 0.349 0.373 1.2
S06-38 90.3 m 0.320 0.360 0.5
S06-39 158 m 0.430 0.503 1.7
S06-40 102 m 0.445 0.469 0 4
S06-42 138 m 0.845 0.065 22.1

The 2006 drilling intersected the Seel Breccia pipe consisting of fragments of intrusive and hornfelsed volcanics with pyrite marcasite, chalcopyrite, sphalerite, tetrahedrite, and minor galena; the sulphides occur as infilling with quartz and siderite around the Breccia fragments. The 2006 drill program holes expanded the lateral dimensions of the Seel Breccia. Two drill holes S06-37 and S06-38 expanded the depth of the Seel Breccia. However, the chalcopyrite is erratically distributed and controlled primarily by the size of open spaces between fragments. Assay results from drill hole S06-42 contained nineteen 2-metre samples that were over 1% Cu, six samples greater than 2% Cu, and one greater than 3% Cu, over the 138 metres of mineralization intersected. The Seel Breccia is currently open to the north, west and at depth.

The program will also include further testing of areas 200 metres away from the Seel Breccia where previous drill programs have intersected: 135 metres of 0.35% Copper, 0.38 g/t Gold and 1.23 g/t Silver, 147 metres of 0.29% Copper and 0.27 g/t Gold and 102.1 metres of 0.44 % Cu and 0.48 g/t Au. Drilling in the area containing the Breccia with sulphide infilling proved that it is a much wider and a more continuous body than was previously thought. There is a good correlation of silver values with copper mineralization in the Breccia and through the areas of chalcopyrite mineralization.

Gold Reach owns 90% of the Seel property and Consolidated Abbadon 10%.

Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.

About Gold Reach:

Gold Reach Resources Ltd. 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 kilometers south of Houston, BC and eight kilometres east of the producing copper-molybdenum Huckleberry Mine.


Conrad Swanson, President

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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • Gold Reach Resources Ltd.
    Bill Campbell
    (604) 718-5454 or Toll Free: 1-888-500-4587