2006 Drill Program Commences - Seel Property
January 10, 2006
Vancouver, BC, January 10, 2006 . . . Gold Reach Resources Ltd. (TSXV:GRH) and Consolidated Abaddon Resources Inc. (TSXV:ABN) are pleased to announce the 2006 commencement of drilling on the Seel property located in central British Columbia.
A total of 5 holes, 1,250 metres, were drilled in December of 2005 with the majority of the drill core logged, split and sent to the lab for analysis. The assay results are expected to be returned around mid-January and will be reported at that time. The entire program is expected to comprise 3,000-4,000 metres of drilling.
The 2006 drill program will continue to focus within the 4 km long by 1.5 km wide chargeability anomaly delineated by the 2005 summer 3-D Induced Polarization geophysical survey and in the vicinity of zones of known mineralization (as reported in an October 17, 2005 news release).
Pursuant to a letter agreement dated December 9, 2005, between Gold Reach Resources Ltd. and Consolidated Abaddon Resources Inc., Consolidated Abaddon has earned a 10-per-cent interest in the Seel property by advancing $100,000 to the company in connection with its December 2005 phase I drill program on the Seel property.
Gold Reach is also pleased to announce that it has restructured its management team with the appointment of Alvin Jackson as Special Advisor. Conrad Swanson, Chairman of the Board, will furthermore adopt the role as President of the Corporation and the former President, Mike Sieb will continue as VP of Exploration and Director of the Corporation.
Mr. Jackson is a professional geologist with more than 30 years of exploration experience in North America and abroad. From 1989 to 1992, Mr. Jackson was Exploration Manager of Cyprus Minerals Canada Inc. Beginning in 1993 he served as Director and then President of Auspex Minerals Ltd. until it became EuroZinc Mining Corporation. At EuroZinc, he served as Director/President and Chief Operating Officer until July 2005. He is also involved in various capacities with other publicly listed companies.
“Mr. Jackson brings a wealth of knowledge and experience to the Company. His work on the Huckleberry deposit provides expertise in the geology of the area hosting the Seel Property which will add substantial depth to our technical team and assist us in the coming months” states Conrad Swanson, Chairman of Gold Reach.
Location maps and figures displaying the current geophysical model can be found on our website: www.goldreachresources.com
For further information, please contact:
Gold Reach Resources Ltd.
Conrad Swanson - President – (604-718-5454)