INDUCED POLARIZATION GEOPHYSICAL SURVEYING SET TO COMMENCE AT GOLD REACH'S
OOTSA PROPERTY IN BRITISH COLUMBIA
Gold Reach Resources Ltd. will commence geophysical surveying on the company's 100-per-cent-owned Ootsa
property located adjacent to the producing Huckleberry mine south of Smithers, B.C.
An eight-man geophysical crew is being mobilized to the site and geophysical surveying will commence shortly. SJ
Geophysics from Delta, B.C., is the geophysical contractor and will utilize its Volterra geoimaging system, a new 3D induced polarization (IP) survey system that utilizes a flexible number of single channel and/or four-channel, 24bit, full waveform digital acquisition units to obtain good depth penetration and also maintain good near-surface
resolution. The survey will be conducted on three precut grids with 300-metre line spacing with 100 m to 150 m
cross lines for receiver dipoles and will cover an area of roughly 17.8 square kilometres (60 line kilometres). A map
showing the location of the three grids is available at the company's website.
The surveying is anticipated to take approximately three weeks to complete.
Dr. Shane Ebert, president of Gold Reach, commented: "Induced polarization geophysical surveying has been very
effective at identifying zones of porphyry-copper-style mineralization on the Ootsa property and is a key tool for
exploring the property which contains large areas covered by thin glacial deposits. The new Volterra system
surveys five lines at a time in a unique configuration that offers the company a cost-effective way of obtaining both
good near-surface resolution and good depth penetration. The planned surveying will be used to refine existing
geophysical targets and explore for new targets within a four-kilometre radius of the Ox and Seel deposits.
Geophysical anomalies will be prioritized and drill tested later this year."
The company has completed 85 holes at Ox this year, with 42 holes still in the lab with assays pending. Additional
drill results are expected shortly. The company is also conducting a continuing surface exploration program focused
on mapping, prospecting, and rock, soil and stream silt sampling within the large 47,559-hectare Ootsa property.
Second and final tranche of non-brokered private placement closed
The company is pleased to announce that, further to its news release of June 24, 2013, it has closed the second
and final tranche of its non-brokered private placement and has issued a further 275,000 units at a purchase price
of $1.00 per unit for gross proceeds of $275,000.
Each unit consisted of one common share and one common share purchase warrant. Each warrant entitles the
holder to purchase an additional common share at a price of $2.00 per share for 12 months from the closing date,
subject to accelerated expiry, such expiry may be accelerated to 30 days in the event the company's shares have
closed at or above a weighted average trading price of $2.50 per share for 10 consecutive trading days.
The proceeds of the financing will be used to continue exploration on the Ox and Seel deposits at the company's
100-per-cent-owned Ootsa property in British Columbia and for general working capital.
In compliance with Canadian securities laws, all of the securities issued in connection with this closing are subject
to a hold period expiring on Jan. 4, 2014.
The foregoing is subject to regulatory approval.
On another matter, the company announces that further to its stock option plan, it is granting options to buy an
aggregate of 127,510 shares to various directors, officers, employees and consultants to the company. The options
are exercisable at $1.30 per share for a term of five years from the date of grant.
Dr. Shane Ebert, PGeo, president of the company, qualified person for the Ootsa project as defined by National
Instrument 43-101, has approved the technical disclosure contained in this news release.
We seek Safe Harbor.