Seel Property

Gold Reach Resources is actively involved in the exploration of the Seel project. The Seel project is comprised of  42,377 acres and contains a copper-gold-molybdenum porphyry system. The Seel project is located 120 km south of Houston, British Columbia and eight km to the east of the producing Huckleberry Mine. The Company holds a 100% interest in the property.

The company has been exploring the Seel project since 2004. To date, approximately 5% of the property has been explored, with encouraging results. Five phases of exploration drilling totaling approximately 16,000 metres and 80 holes are now complete. Historically, 72 holes were drilled on the Seel property in the 1980’s.

Most of the 80 holes drilled have encountered significant widths of mineralization. Below are a few examples:

Drill Results

All Drill Hole Composites are available on the Front Page of the Website

Significant Events

The Phase 3 drill program 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. 
• Three new anomalies were discovered by geophysics on the Seel property adjacent to the Phase 3 on the Seel property. One of the anomalies is relative in size to the copper-gold intrusion that the Compa200ny 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.

The Phase 5 program completed in the summer of 2008 also yielded encouraging results.  Drill hole S08-61 intersected  57.50 metres of 0.67% Cu and  0.077g/t Au.

Recent Activity

Gold Reach completed in late 2009 a 1325 line kilometre helicopter-borne geophysical survey consisting of magnetometer and radiometrics over its 17,149.5 hectare Seel and Ox properties.  The company has identified 15 new geophysical anomalies on the property.  In addition 460 hectares was staked to include a large magnetic anomaly which we have named “L’” in our October 2009 presentation

National Instrument 43-101 Tonnage Calculations-Wardrop 2008

Gold Reach Resources retained Wardrop Engineering in 2008 to calculate resource estimates on both the Seel and Ox-Lake project. Below is the highlights of the Seel tonnage.

Using a 0.20 copper equivilant cutoff the indicated and inferred resource is :  

119.17 million pounds of copper

4.21 million pounds of molybedenum

190,279 ounces of gold

755,737 ounces of silver