Gold Reach Drills 186.2 Meters Of 0.78% Copper Equivalent

 

VANCOUVER, BC - Gold Reach Resources Ltd. reported that assay results for holes S13-170 to 177 from the East and West Seel deposits have been received. The East Seel deposit is located adjacent to the Company's West Seel discovery, and both occur 4 kilometers south-southwest of the Company's Ox deposit. All 3 deposits occur on the Company's 100% owned Ootsa Property located adjacent to the producing Huckleberry copper Mine south of Smithers, British Columbia.

Highlights: East Seel Deposit - High Grade Intercepts Continue Hole S13-172 intersected 35.8m of 0.84% copper equivalent from 39.2 to 75m depth; Hole S13-174 intersected 91.5m of 0.62% copper equivalent from 36.5 to 128m depth, including 53.5m grading 0.76% copper equivalent; Hole S13-175 intersected 46.3m of 0.74% copper equivalent from 101.7 to 148m depth; Hole S13-177 intersected 186.2m of 0.78% copper equivalent from 26.8 to 213m depth, including 82.2m grading 1.15% copper equivalent and 46m of 1.44% copper equivalent; West Seel Deposit - Near Surface High Grade Expanded; Hole S13-171 intersected 14m of 0.93% copper equivalent from 7 to 21 meters depth. This extends the near surface high-grade zone 80 meters to the southeast of the high grade intercept encountered in hole S13-169; The West Seel high grade mineralization starts as shallow as 7m below surface and has been outlined over widths up to 150m, a length of up to 125m and a thickness of up to 40m, and remains open for expansion; West Seel Deposit - Long Mineralized Intercepts - Hole S13-171 intersected 224m of 0.42% copper equivalent from 7 to 231m depth, followed by another 126m of 0.36% copper equivalent from 261m to the end of the hole at 387m; Hole S13-176 intersected 198m of 0.39% copper equivalent from 44 to 242m depth, followed by another 58.2m of 0.41% copper equivalent from 266m to 324.2m depth.

The goal of the 2013 drilling program, which is now complete, was to infill and expand known zones of higher-grade near-surface mineralization at Ox, East Seel, and West Seel and the program has been very successful at achieving that goal. Results for 22 additional drill holes from the 2013 program are still pending.

Holes S13-170 and 172 were drilled on East Seel section 17 NE, the northeastern most section on the East Seel zone, where mineralization is truncated by the North and East Faults. Mineralization on the section occurs below 15 to 35 meters of gravel cover, and is up to 175 meters wide by 200 meters deep. Hole S13-170 intersected 4 zones of mineralization. From the top downwards these are: 15.5 meters grading 0.26% copper and 0.23 g/t gold (0.43% copper equivalent) from 59.4 to 70.4 meters depth, 4.8 meters grading 0.49% copper and 0.53 g/t gold (0.88% copper equivalent) from 76.3 to 81.1 meters depth, 34.5 meters grading 0.36% copper and 0.39 g/t gold (0.65% copper equivalent) from 87.5 to 122 meters depth, and 64 meters grading 0.26% copper and 0.18 g/t gold (0.42% copper equivalent) from 144 to 208 meters depth. Hole S13-172 intersected 95.8 meters grading 0.30% copper and 0.35 g/t gold (0.55% copper equivalent) from 39.2 to 135 meters depth, including 35.8 meters grading 0.45% copper and 0.54 g/t gold (0.84% copper equivalent) from 39.2 to 75 meters depth.

Hole S13-174 was a vertical hole drilled between East Seel sections 16 and 17 NE. The hole intersected 91.5 meters grading 0.36% copper and 0.35 g/t gold (0.62% copper equivalent) from 36.5 to 128 meters depth, including 53.5 meters grading 0.43% copper and 0.45 g/t gold (0.76% copper equivalent) from 36.5 to 90 meters depth.

Hole S13-175 was a vertical in-fill hole drilled on East Seel section 16 NE. The hole intersected mineralization in 5 closely spaced mineralized zones over a cumulative width of 153 meters.

Holes S13-171 173, and 176 are located at the West Seel deposit and are the last of the holes drilled into the West Seel deposit during 2013.

Hole S13-171 is located on West Seel Section 8.5 NE available here http://goldreachresources.com/_resources/maps/W_Seel_Section_8_Dec_2013.png.

The hole intersected 224 meters grading 0.21% copper, 0.14 g/t gold, 5.13 g/t silver, and 0.017% molybdenum (0.42% copper equivalent) from 7 to 231 meters depth, including 14 meters grading 0.25% copper, 0.76 g/t gold, 8.06 g/t silver, and 0.018% molybdenum (0.93% copper equivalent) from 7 to 21 meters depth. Hole S13-171 also intersected an additional 126 meters grading 0.20% copper, 0.11 g/t gold, 1.88 g/t silver, and 0.017% molybdenum (0.36% copper equivalent) from 261 to the end of the hole at 387 meters depth. On Section 8.5 NE mineralization has been defined over a width of 300 meters and remains open to the southeast, and to depths of over 500 meters and remains open at depth. Additional drilling is required in this area to fully define the extent of mineralization.

The high grade intercept in hole S13-171 is part of a larger zone of near-surface higher-grade mineralization at the West Seel zone that has now been intersected in holes S12-108, S13-150, S13-154, S13-156, S13-167, S13-169 and S13-171. This higher-grade zone starts as shallow as 7 meters below surface and has widths up to 150 meters, a length of up to 125 meters and a thickness of up to 40 meters. Thicknesses of drill intersections within this zone range from a low of 14 meters grading 0.93% Cu Eq. (0.25% Cu, 0.75 g/t Au, 8.06 g/t Ag, and 0.018% Mo) in hole S13-171, to 26 meters grading 1.5% Cu Eq. (0.92% Cu, 0.42 g/t Au, 28.19 g/t Ag, 0.009% Mo) in hole S13-169, to a high of 40 meters grading 0.85% Cu Eq. (0.28% Cu, 0.64 g/t Au, 8.98 g/t Ag, 0.012% Mo) in hole S13-156. Further drilling will be required in 2014 to fully understand the extent of this near-surface higher-grade zone which sits above and within a much larger mineralized body that includes intercepts such as 316 meters grading 0.56% Cu Eq. (0.28% Cu, 0.23 g/t Au, 5.28 g/t Ag, and 0.018% Mo) in hole S12-108 and 355 meters grading 0.48% Cu Eq. (0.22% Cu, 0.19 g/t Au, 4.47 g/t Ag, and 0.021% Mo) in hole S13-167. This large zone of mineralization at West Seel is being evaluated as an open pit target.

The 2013 drill program is now complete. Assay results for the first 31 holes drilled at Seel have been received (holes S13-147 to 177) and released. An additional 22 holes have been completed at Seel (S13-178 to 199) and will be reported.