Gold Reach Receives $1.85 Million Refundable Tax Credit
VANCOUVER, July 30, 2014 /CNW/ - Gold Reach Resources Ltd. (GRV: TSX-V) (Gold Reach and/or the Company) is pleased to announce it has received full payment from the Canada Revenue Agency of the British Columbia Mineral Exploration Tax Credit ("BCMETC") amounts totaling $1,849,559 for the year ending March 31, 2014. The refund amount will be added to the Company's working capital resources.
Ootsa Project Drilling Update
One drill is currently active on the Ootsa property working on the West Seel deposit and 4 holes have been completed during 2014 to date (holes S14-200 to 203). The drill is currently working on hole S14-204. Samples from holes S14-200 to S14-203 have been sent to the lab and assay results are pending.
Field crews continue to prospect and collect soil and rock samples from several regional prospects on the large Ootsa claim block, and line cutting and drill road construction is continuing in the Damascus area. Archeological field reconnaissance studies and preliminary base line water sampling will begin next week.
Additional information is available on our website at www.goldreachresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Gold Reach Resources Ltd.For further information: Telephone: 604-718-5454, S. Ebert direct line: 250 964-2699, Toll Free: 888-500-4587, http://goldreachresources.com; Or B&D Capital Partners, Don Mosher, Telephone: 604-685-6465, Don@bdcapital.com