Gold Reach intersects 138 metres of .845% Cu & 23 g/t Ag including 42 metres of 1.24% Cu & 32 g/t Ag & .13 g/t Au.
November 6, 2006
Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") announces results from 11 of 15 holes from the Summer Phase 3 drill program.
Other highlights include
S06-37 120.4m .243 % Cu & .277 g/t Au includes 32.4m of .365 % Cu & .314 g/t Au
S06-38 64.4 m .400 % Cu & .435 g/t Au includes 40.3m of .477 % Cu & .541 g/t Au
S06-39 160m .430 % Cu & .503 g/t Au
S06-40 84 m .465 % Cu & .534 g/t Au includes 64m .547 % Cu & .639 g/t Au includes 18m .895 % Cu & 1.186 g/t Au ;
Over limit assays from 40-48 metres will increase the grade shown for these intervals in S06-40
S06-42 138m .845 % Cu & 23 g/t Ag includes 42m 1.24 % Cu & .13 g/t AU & 32 g/t Ag
Drilling intersected a mineralized breccia zone adjacent to a quartz-feldspar porphyry stock which has proved to be of much greater extent than previously thought. The breccia contains fragments of intrusive and hornfelsed volcanics with pyrite-marcasite, chalcopyrite, sphalerite, tetrahedrite, and minor galena; the sulphides occur as infilling with quartz and siderite around the breccia fragments. One diamond drill hole (S06-38) which contained the breccia with sulphide infilling is located 200 metres from the previously mapped location of this breccia (holes drilled from 1982-1985), and the other holes that intersected the breccia (holesS06-37 and S06-38) prove that it is a much wider and a more continuous body than was previously thought. There is a good correlation of silver values with copper mineralization in the breccia and through the areas of chalcopyrite mineralization. The drilling area for this program was 500m by 400m, and the mineralization encountered is open from the SW to the NW. Two other geophysical anomalies having the same signature have been identified on the property and have yet to be drilled. The company plans to increase the geophysics coverage as currently it is only about 40%, and plans to commence a winter drilling program this year Due to the results of this drilling program on the Seel breccia and related copper porphyry, drilling on the near-by Damascus silver vein was postponed.
The diamond drill holes were drilled NQ diameter and half-core samples were sent to the Assayers Canada Labs facility in Vancouver, B.C., and sample preparation was done at their facility in Telkwa, BC. All samples underwent multi-element analysis by ICP/MS and wet geochem gold.
The project is under the direction of Barbara Welsh, P.Eng, a 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, an 8,446 hectare copper-gold–molybdenum property located 120 km 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