Summer 2007 Exploration Update on Seel and Ox Lake Projects
August 13, 2007
Vancouver, British Columbia: Gold Reach Resources Ltd. (GRH: TSX-V) ("Gold Reach" or the "Company") is pleased to announce an update on its 6000 meter summer 2007 exploration program.
The Company has completed in excess of 2400 metes of drilling on the Seel project. Along with the extensive drill program the Company has successfully completed 66 line kilometres of 3D-Induced Polarization (IP) ground geophysics. The geophysical survey has generated several prime targets. The new targets are associated with the east side of the Ox Lake intrusion and have a geophysical signature similar to the west side of Ox Lake.
It is expected that drilling on the Seel property will be completed within the next few days. Once complete, the drill will be moved to test these new IP anomalies on Ox Lake. Based on last winters drill program Wardrop Engineering has identified 6 drill hole locations that require further work. The intent is to drill these holes after testing the new targets.
President Conrad Swanson stated "The 3D-IP is proving to be an effective tool for us on the Seel and Ox Lake properties. In fact we are going to extend the IP grid at Ox Lake another 20 kilometres. Also based on what we have to date it only makes sense to increase the original 6000 meter drill program."
The company also reports that Barbara Welsh has resigned her position as director and as VP of Exploration due to personal reasons. The company would like to thank Barbara for her contributions to the Gold Reach project and wish her all the best in her future endeavors.
The program and the technical content of this news releases is under the supervision of Derrick Strickland, a qualified person under NI 43-101
Gold Reach Resources is a Canadian exploration company actively involved in the exploration of the Seel and Ox Lake properties a 17,149.5 hectare copper-gold-molybdenum project located 120 kilolmetres south of Houston, BC and eight kilometres to the east of the producing copper-molybdenum Huckleberry Mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
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