Gold Reach Fully Vested On The Seel / Ox Property
June 18, 2008
Gold Reach Resources Ltd.(“Company”) is pleased to announce that the option agreement signed by Rupert Seel on October 11, 2005 has now been fully exercised. All the required cash and share payments have been made. The Company is now the sole owner of the 17,149.5 hectares property of which less than 10% has been explored and includes the Ox Moly/copper deposit.
To date the company has made significant advancements on the Ox Lake and Seel properties. The company has drilled in excess of a 100 drill holes and undertaken over 100 line kilometers of IP ground geophysics on the properties. In addition the company has completed a NI43-101 resource calculation on the Ox Lake and in currently awaiting Wardrop Engineering’s report on the Seel copper-gold-silver- molybdenum resource.
Technical information in this news release has been reviewed by Derrick Strickland, P.Geo., a qualified person as defined in NI 43-101.
About Gold Reach:
Gold Reach Resources Ltd. is a Canadian exploration company actively involved in the development of the Seel and Ox Lake projects, a 17,149.5 hectare copper-gold-molybdenum-silver project located 120 kilometres south of Houston, BC and eight kilometres east of the producing copper-molybdenum Huckleberry Mine.
ON BEHALF OF THE BOARD OF DIRECTORS
Conrad Swanson, President
For further information, please contact:
Gold Reach Resources
Toll Free: 888-500-4587