Gold Reach Resources Ltd.
TSX VENTURE : GRV

Gold Reach Resources Ltd.

August 02, 2011 09:00 ET

Gold Reach Resources Progress Report at Ootsa (TSX VENTURE:GRV)

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 2, 2011) - Gold Reach Resources Ltd. (TSX VENTURE:GRV) -

A second deep drill hole has been completed at the Ootsa project, to a total depth of 731 meters.

This hole oriented at minus 70 was drilled to test the outer limits of the previously known area of copper/gold, identified in the 2008 43-101 report. Drilling will now focus on defining the near surface extent of the Seel copper / gold zone.

Drill hole S11-82 has been logged and sampled and sent to the lab for assay, with results expected in four to six weeks.

Preliminary results of a recently completed surface magnetometer survey, has identified a ring shaped magnetic feature, located 3km from the Huckleberry Mine. A similar ring shaped magnetic anomaly occurs over the Ox copper-molybdenum resource, these are high priority exploration targets. Soil samples and an induced polarization geophysical survey have been completed over the anomaly and results are expected within the next few weeks. A drill access trail has been constructed into the ring anomaly in preparation for drill testing later in the summer.

Dr. Shane Ebert, a qualified person as defined in 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 the content of this news release.

Contact Information

  • Gold Reach Resources Ltd.
    Conrad Swanson
    President
    604-718-5454 or Toll Free: 888-500-4587