DAILY NEWS Jan 3, 2013 3:58 PM - 0 comments

COPPER-MOLY: Gold Reach reports drill results from Ox

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BRITISH COLUMBIA – Gold Reach Resources of Vancouver has released the results of the final eight drill holes at its Ox porphyry property 4 km northeast of the company's West Seel discovery. Both deposits occur on the Ootsa property adjacent to the producing Huckleberry mine near Smithers.

Gold Reach noted that strong mineralization was encountered in hole Ox12-38, which intersected 107.4 metres at 0.3% Cu and 0.026% Mo, including 54.0 metres at 0.41% Cu and 0.033% Mo. The company has traced the mineralization for 750 metres along strike to depths of 150 to 230 metres and over widths of 100 to 150 metres. The highest grades occur near the surface.

The company has prepared 43-101-compliant resource estimates for both the Ox and Seel porphyries. The Ox deposit has 16.0 million inferred tonnes grading 0.3% Cu and 0.04% Mo. The Seel deposit has  214.8 million tonnes grading 0.17% Cu, 0.13 g/t Au, 0.017% Mo, and 2.17 g/t Ag in the inferred category plus an additional 28.1 million tonnes grading 0.22% Cu and 0.21 g/t Au in the indicated category.

A map showing the simplified geology of the Ox deposit and drill hole locations can be seen at Goo.gl/P82qV.

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Gold Reach Resources Ltd

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