GRH Gold Reach Resourses Ltd Com Npv

Gold Reach Resources Ltd. (TSX VENTURE:GRH) - 

Mr. Conrad Swanson reports:

Gold Reach has received approval from the Ministry of Mines to commence
exploration activities on both the 100% owned Auro and 100% owned Ootsa projects
(formally Ox and Seel). The Auro project is adjacent to the Richfield discovery,
which is subject to a $550 million take over offer from New Gold (see news April
4, 2011). 


The 2011 drill program at Auro will initially focus on three of ten geophysical
and geochemical anomalies identified from the Company's 2010 field program (see
news March 1, 2011). Camp construction will start next week, after which an
initial 2,500 metres of drilling will commence.


The Ootsa project is 8 kilometres southeast of the producing Huckleberry mine
and the property has two 43-101 resource calculations completed in 2008 on the
Ox and Seel porphyry zones. In 2009 Gold Reach completed a property wide
radiometrics and magnetometer airborne survey that was critical in identifying
several promising and untested geophysical targets (see news February 8, 2011).
Camp construction will commence the first half of June, followed by an initial
2,500m drilling program at the Seel Breccia. This drilling will target potential
high grade copper-silver mineralization previously intersected in the steeply
plunging Seel Breccia along the junction of the flanking Seel copper-gold
porphyry zone at depth.


The company, pursuant to its stock option plan, has granted incentive stock
options to its various directors, officers and consultants to purchase a total
of 78,000 common shares in the capital stock of the company, exercisable for a
period of five years, at a price of 50 cents per share, subject to the TSX
Venture Exchange approval. 


Technical information in this news release has been reviewed by Jim Cuttle,
PGeo, a qualified person as defined in National Instrument 43-101. 


ON BEHALF OF THE BOARD OF DIRECTORS 

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.

Gold Reach Resourses Ltd Com Npv (TSXV:GRH)
Historical Stock Chart
From Oct 2024 to Nov 2024

Gold Reach Resourses Ltd Com Npv (TSXV:GRH)
Historical Stock Chart
From Nov 2023 to Nov 2024