First Round of Phase 3 Drill Program on Seel Property Completed
October 16, 2006
Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") announces that the current 15 hole phase three drill program on the Seel Property, located 120 km south of Houston, British Columbia, is complete. This brings the total of holes drilled to forty seven.
Location Map: http://www.goldreachresources.com/exploration
The Company is awaiting assay results from the current 15 hole program and will use these results along with the new 3D Induced Polarization (“IP”) geophysical survey to delineate further drill targets for the next phase of drilling .The Company plans to complete phase three as soon as possible.
Ms Barbara Welsh, P.Eng. is the Qualified Person as defined by National Instrument 43-101 for the diamond drill program.
Gold Reach Resources is a Canadian exploration company actively involved in the development of the Seel Property, a 8,446 hectare copper-gold–molybdenum property located 120 kms south of Houston, British Columbia and 8 km to the east of the producing copper-gold-molybdenum Huckleberry Mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President