VANCOUVER, Sept. 30, 2015 /CNW/ - Gold Reach Resources Ltd. (the "Company") (GRV: TSX-V) is pleased to announce that the Board of Directors have approved the Company to commence a Preliminary Economic Assessment ("PEA") on it's Ootsa Project in British Columbia.
"I am very excited about the Company going into development and the commencement of a PEA" commented Mr. Dwayne Melrose, Gold Reach President and CEO. "This milestone event will illustrate the economic potential of the Ootsa project to the investment community. It is going to be an exciting time in the Company's future."
The Company will immediately commence the PEA and has targeted the completion of the PEA in Q2 of 2016.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
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. This News Release contains forward-looking statements, which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking-statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the Company's current judgment regarding the direction of its business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggests herein. Except as required by applicable law, the Company does not intend to update any forward-looking statements to conform these statements to actual results.
SOURCE Gold Reach Resources Ltd.
For further information: Telephone: 604-718-5454, Toll Free: 888-500-4587, http://goldreachresources.com; Or Don Mosher, Telephone: 604-685-6465, Donm@goldreachresources.com