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Gold Reach (GRV) announces a 400% increase in copper, gold, molybdenum, and silver at the Seel Deposit, British Columbia
New resource at Seel contains 805 million lbs. of Cu inferred plus 136 million lbs. of Cu ...
About this update from Surge Copper Corp.
[{"type":"text","content":"\n\n\n\n\n\nNew resource at Seel contains 805 million lbs. of Cu inferred plus 136\n million lbs. of Cu indicated, 897,694 ounces of Au inferred plus\n 189,924 ounces of Au indicated, and 15 million ounces of Ag inferred plus 1 million ounces of Ag\n indicated\n\n\nVANCOUVER, Jan. 17, 2012 /CNW/ - Gold Reach Resources Ltd. (GRV: TSX-V)\n (Gold Reach and/or the Company) is pleased to announce an updated\n resource estimate for the Seel deposit on the company's 100% owned\n Ootsa property, British Columbia.\n\n\nThe new independent mineral resource estimate study was conducted by\n Giroux Consultants Ltd. and follows up an initial mineral resource\n estimate on Seel completed by Wardrop Engineering in 2008. The new\n resource is based on 28,294 meters of drilling in 100 holes and was\n completed in accordance with Canadian Securities Administrators\n National Instrument 43-101 (\"NI 43-101\") and the CIM Standards on\n Mineral Resources and Reserves, and has an effective date of December\n 8, 2011.\n\n\nResults of the new resource estimate are summarized in the tables\n below.  At a 0.2% Cu Eq cut off the Seel deposit contains an indicated\n resource of 28.13 million tonnes grading 0.22% Cu, 0.21 g/t Au, 0.007%\n Mo and 1.1 g/t Ag (0.40% Cu Eq) plus an inferred resource of 214.78\n million tonnes grading 0.17% Cu, 0.13 g/t Au, 0.017% Mo, and 2.17 g/t\n Ag (0.33% Cu Eq).  The majority of the resource sits in the inferred\n category reflecting the widely spaced nature of the deep drilling and\n step out holes complete during the 2011 drill program.\n\n\n             Indicated Resource Within the Mineralized Solids \n\n\nCut-off(CuEq)\n\n\nTonnes\n\n\nGrade  > Cut-off\n\n\nCu (%)\n\n\nAu (g/t)\n\n\nMo (%)\n\n\nAg (g/t)\n\n\nCuEq (%)\n\n\n0.10\n\n\n34,250,000\n\n\n0.20\n\n\n0.18\n\n\n0.007\n\n\n1.04\n\n\n0.36\n\n\n0.20\n\n\n28,130,000\n\n\n0.22\n\n\n0.21\n\n\n0.007\n\n\n1.10\n\n\n0.40\n\n\n0.25\n\n\n21,020,000\n\n\n0.26\n\n\n0.25\n\n\n0.005\n\n\n1.22\n\n\n0.46\n\n\n0.30\n\n\n16,460,000\n\n\n0.29\n\n\n0.28\n\n\n0.003\n\n\n1.33\n\n\n0.51\n\n\n0.40\n\n\n11,190,000\n\n\n0.34\n\n\n0.34\n\n\n0.001\n\n\n1.42\n\n\n0.59\n\n\n0.50\n\n\n7,240,000\n\n\n0.38\n\n\n0.39\n\n\n0.001\n\n\n1.42\n\n\n0.67\n\n\nCuEq = Copper equivalent. Metal price and recovery assumptions are d...