Gold Reach Resources Ltd. Summer 2010 Exploration Update
June 8, 2010
Vancouver, British Columbia: Gold Reach Resources Ltd. (GRV: TSX-V) ("Gold Reach" or the "Company") is pleased to provide an update with respect to its well funded exploration programs for the Auro Property and the Ox and Seel Property, both located in Central British Columbia.
The newly completed detailed interpretation of the 1,598-line-kilometre airborne geophysical survey and the recent stream sampling program has identified numerous areas requiring follow up ground work. As a result, the company has submitted permits for 200 line kilometers of line cutting, 3DIP geophysics, soil sampling, and to erect a camp on the property in preparation for drill sites.
The Auro property consists of 13,305 hectares and is directly adjacent to Richfield Ventures “Blackwater” bulk tonnage gold discovery, see Richfield Ventures news releases.
Ox and Seel Property
Gold Reach has identified numerous geophysical anomalies from its from its October 2009. 1,325-line-kilometre helicopter-borne geophysical survey. The 16 new geophysical anomalies are spatially related to the Ox Lake and Seel resources, which both have a 43-101 complaint resources. The company has applied for permits for line cutting and 3DIP and expects to commence a soil/stream sampling program over and around the anomalies once the permit is approved.
The company pursuant to its stock option plan, has granted incentive stock options to its various directors, officers and consultants to purchase a total of 100,000 common shares in the capital stock of the company, exercisable for a period of five years, at a price of 45 cents per share, subject to TSX approval.
Technical information in this news release has been reviewed by Derrick Strickland, P. Geo., a qualified person as defined in NI 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
For Further information, please contact:
Toll Free: 888-500-4587
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Safe Harbour Statement: The Company relies upon litigation protection for “forward-looking statements.” The Company undertakes no obligation to update these forward- looking statements in the managements beliefs, estimates obligations or other factors should change.