Gold Reach Stakes The Hope Gold Silver Prospect at OOTSA

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[{"type":"text","content":"\n\nVANCOUVER, June 25, 2014 /CNW/ - Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach and/or the Company) is pleased to announce that the Hope Prospect, on the western end of the large Ootsa claim block, has been acquired by staking.  \n\nThe Hope Prospect is located roughly 3 kilometres east of an access road into the west end of Tahtsa Reach and is 22 kilometres northeast of Kemano.  The area staked is 383.7 hectares in size and covers all of the areas of known mineralization and alteration at the prospect.  The prospect was intermittently explored from 1982 to 1990 and historic exploration consisted of sampling, mapping, trenching and geophysical surveys.  Historic work has delineated a sulphide-bearing alteration zone within volcanic and intrusive rocks that is 40 to 50 metres wide and more than 700 metres long.  This zone locally carries significant gold, silver, and base metals in numerous sub-parallel quartz-calcite veins.  Sulfide minerals identified within the zone include chalcopyrite, galena, sphalerite, tetrahedrite, and pyrite.\n\nHistoric assessment reports on the Hope Prospect report a chip sample from within the altered zone that assayed 1305 g/t silver and 3.1 g/t gold across 0.17 metres, with values from grab samples containing up to 13 g/t gold and 6.3% copper.  Gold Reach has not yet visited or sampled the prospect and none of the historic results have been confirmed by the Company and they should not be relied upon.  The Hope Prospect will be added to the numerous exploration targets on the Ootsa Property that occur outside of the main resource areas at Ox and Seel.   Future work by Gold Reach will focus on evaluating both the narrow high grade vein potential and the bulk mineable potential of the zone.\n\nIn addition to the Hope Prospect a 364 hectare claim on the northern edge of the Ootsa claim block, located southeast of the Huckleberry Mine, was also recently acquired by staking.  The total size of the Ootsa claims block is now 68,685 hectares.\n\nA map showing the location of the Hope Prospect and the recently staked claims is available here:  http://goldreachresources.com/_resources/news/Ootsa-claim-map-July-24-2014.png.\n\n2014 Exploration Program\n\nThe 2014 Ootsa exploration program is underway and drilling has begun on the West Seel Dep...

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