VANCOUVER, April 12 /CNW/ - Gold Reach Resources Ltd. (GRV: TSX-V) ("Gold Reach" or the "Company") is pleased to announce it is planning an exploration program on its 100% owned Auro Property located directly adjacent to Richfield Ventures "Blackwater" bulk tonnage gold discovery.
The Company has identified numerous magnetic and electromagnetic target areas on the Auro property from it 1598 line kilometre airborne geophysical survey. The survey has identified large areas of highly resistive rocks that are coincidental with the magnetic anomalies. The largest of these anomalies is approximately 6 kilometres long and 2 kilometres wide. The geophysics indicates that the Auro property is on the same structural corridor as Richfield's Blackwater project.
The program will be a multi phase approach, consisting of regional stream sampling, soil sampling, including Mobile Metal Ion (MMI), prospecting, and a 3D Induced polarization survey. The goal of this multi phase program is to develop viable drill targets.
The Auro property consists of 13,305 hectares and is directly adjacent to the Richfield Ventures "Blackwater" bulk tonnage gold discovery. Richfield Ventures recently announced on January 5, 2010 they had intersected 329 metres of 1.25 g/t Au and on March 30, 2010 that they are undertaking a 25,000 meters of drilling this year. See our website for map www.goldreachresources.com .
Technical information in this news release has been reviewed by Derrick Strickland, P. Geo., a qualified person as defined in NI 43-101.
In addition, Zahir Virjee has submitted his resignation as a director of Gold Reach to pursue other opportunities. The board thanks Mr. Virjee for his contributions and wishes him well in his future endeavors.
ON BEHALF OF THE BOARD OF DIRECTORS
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Safe Harbour Statement: The Company relies upon litigation protection for "forward-looking statements." The Company undertakes no obligation to update these forward- looking statements in the managements beliefs, estimates obligations or other factors should change.
SOURCE Gold Reach Resources Ltd.
For further information: For further information: Telephone: (604) 718-5454, Toll Free: (888) 500-4587 or (866) 580-0699