Business
Gold Reach stakes the White Gold Prospect and provides exploration update for Ootsa
VANCOUVER , July 17, 2014 /CNW/ - Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach...
About this update from Surge Copper Corp.
[{"type":"text","content":"\n\nVANCOUVER, July 17, 2014 /CNW/ - Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach and/or the Company) is pleased to announce that 76.4 hectares covering the historic White Gold Prospect on the eastern side of the large Ootsa claim block has been acquired by staking.  \n\nThe White Gold Prospect occurs within and adjacent to several logging roads which provide easy access to the area and locally expose altered rocks within road cuts.  The prospect was intermittently explored from 1983 to 1994 (prior to logging road access) with historic exploration work consisting of soil and rock sampling, mapping, prospecting and 13 short diamond drill holes.  Historic work has defined a zone 350 metres by 130 metres containing alteration and quartz veining that remains open for expansion.  Historic drilling, as described in a 1984 assessment report by Canamax Resources Inc., intersected numerous mineralized quartz veins with the best interval returning 3.1 g/t gold over 3.9 metres.  The best historic surface sample was from a quartz and chalcedony vein which graded 7.8 g/t gold.  These historic results have not been verified by Gold Reach and the results should not be relied upon. Gold Reach has obtained surface grab samples from quartz vein and breccia outcrops located adjacent to the newly acquired White Gold claim which have returned 1.63 and 2.02 g/t gold (previously released see February 24, 2014 news release), and field crews are currently conducting surface exploration at the zone.  During 2014 Gold Reach will conduct surface mapping, rock channel sampling, and soil sampling to better understand and characterize the mineralization, and determine if drill targets can be identified.\n\nIn addition to the White Gold claim 1914.1 hectares of open ground on the northeast side of the Ootsa property has been staked.  The total size of the Ootsa claims block is now 70,676 hectares.\n\nA map showing the location of the White Gold Prospect and the recently staked claims is available here:  http://www.goldreachresources.com/_resources/maps/Ootsa-claim-map-July-2014.jpg.\n\n2014 Exploration Program UpdateThe 2014 Ootsa exploration program is underway and three holes have now been completed into the West Seel deposit (holes S14-200, 201, and 202).  Hole S14-200 was targeted to fill in and ...