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Gold Reach Resources Ltd. NEWS RELEASE April 21, 2005
Gold Reach Announces 2005 Exploration Program on the Seel Property Vancouver, BC, April 21, 2005 . . . Gold Reach Resources Ltd. (TSX Venture: GRH) is pleased to announce the 2005 proposed exploration program on the Seel property located in central B.C. A 40 line-km IP and magnetometer geophysical survey will commence in May 2005. Work will focus along strike to the northeast and southwest of the open-ended, 1.2 km long IP anomaly previously outlined on the property. The geophysical program will be followed by a diamond drill program planned for the summer of 2005. “The Phase I and II drill results have successfully demonstrated the potential of the property. The extensive mineralization encountered after only testing a 1km by 1km fraction of the prospective mineralizing corridor implies significant size and grade potential. The property warrants a comprehensive exploration program and we remain committed to the project.” states Gold Reach President, Mike Sieb. To date, 17 holes (3,370 metres) have been drilled on the property by the partners resulting in the discovery of a significantly mineralized porphyry system. Hole S05-08 intersected 102.1 m grading 0.44% Cu, 0.48 g/t Au and 0.001% Mo (as reported in a Feb. 10, 2005 news release). Hole S05-14, which is 500m west of hole S05-08, intersected 263.1 m grading 0.13% Cu, 0.10 g/t Au, 0.016 % Mo and 2.57 g/t Ag). There are significant portions within this intersection that are of potentially economic grades, including 55.5 m grading 0.22% Cu, 0.25 g/t Au, 0.030 % Mo and 4.9 g/t Ag (as reported in an April 05, 2005 news release). The mineralization intersected in Hole S05-14 is completely open to the southwest. Gold Reach can earn a 61% interest in the Seel property from Grayd Resource Corporation (TSX Venture: GYD) by incurring $1,000,000 in exploration expenditures before December 31, 2006. Gold Reach is fully funded through the Earn-in period and once vested; Gold Reach will become the operator of the Seel Project. The exploration program on the Seel property is currently under the supervision of Hans Smit, P.Geo., Vice-President Exploration for Grayd, a qualified person under NI 43-101. All relevant maps can be viewed on the company’s website along with additional information at www.goldreachresources.com. For further information, please contact: Gold Reach Resources Ltd. THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
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