Seel Property Detail

Gold Reach Resources is actively involved in the development of its Seel claims, which comprise 42,377 acres of a copper-gold-molybdenum porphyry system, located 120 km south of Houston, British Columbia and eight km to the east of the producing Huckleberry Mine. The Company holds a 90% interest in the property.

Gold Reach has been working to advance the Seel property since 2004. To date, approximately 5% of the property has been explored, with encouraging results. Four phases of exploration drilling totaling 16,000 metres and 56 holes are now complete. Historically, 72 holes were drilled on the Seel property in the 1980’s.

Most of the 56 holes drilled have encountered significant widths of mineralization. Below are a few examples:

Drill Results

Recent Events

The Phase 3 drill program (consisting of 15 drill holes) completed in late 2006 on the Seel property resulted in two significant developments:

·         A new sulphide breccia zone (highly fragmented rock) has been defined, showing high-grade mineralization. Drill hole S06-42, located in the breccia zone, returned the best results on the Gold Reach project to date. Assay results from S06-42 contained nineteen 2-metre samples that were more than 1% Cu, six samples greater than 2% Cu, and one greater than 3% Cu, over the 138 metres of mineralization intersected. The Seel breccia remains open to the north and west, and has been noted to occur at other locations on the property by previous workers. There is a good correlation of silver values with copper mineralization in the Seel breccia. Soil samples appear to indicate that silver is a good pathfinder element that can be used to locate additional areas of the Seel breccia. Additional drilling on the north and west sides of the breccia is underway.

·         Three new anomalies were discovered by geophysics last fall on the Seel property adjacent to the last program (Phase 3 on the Seel property). One of the anomalies is relative in size to the copper-gold intrusion that the Company is developing. These anomalies are located beside the Damascus silver vein which has historic non-NI 43-101 compliant reserves of 196,087 tonnes grading 411.3 g/t silver, 0.47 g/t gold, 2.58% lead and 4.63% zinc to a depth of 100 metres and an indicated resource of 20,735 tonnes with the same grades to a depth of 20 metres.

Assay results from samples recovered during the drill program of summer-fall 2007 on the Seel property are pending.

New Anomalies

http://www.goldreachresources.com/exploration/Seel-2006_Planmaps_CHG.pdf (PDF - 694 KB)