VANCOUVER, April 14, 2014 /PRNewswire/ - Gold Reach
Resources Ltd. (GRV: TSX-V) (Gold Reach and/or the Company) is
pleased to announce that Mr. Dwayne
Melrose has joined the Gold Reach Board of Directors.
Mr. Melrose is a Professional Geologist with over 30 years'
experience in the mining industry, with extensive experience in
exploration, advanced projects and development, and mine
operations. Mr. Melrose is currently the President and CEO of
True Gold Mining a company he has been involved with since 2011 and
spearheaded the transition from exploration thru development and
into construction. True Gold is actively developing the Karma
Gold Mine in Burkina Faso.
Mr. Melrose spent over twenty years with Cameco
Corporation/Centerra Gold Inc. in Canada, the USA and Kazakhstan where he ran the exploration team
at the Kumtor Gold Mine in the Kyrgyz
Republic and was responsible for the discovery of the high
grade SB Zone. In 2007 Mr. Melrose joined the Minco Mining
Group and was responsible for their exploration and development
programs and oversaw the delineation and advancement of the 157
million ounce Fuwan silver deposit in China.
Mr. Conrad Swanson, Chairman of
the Company stated, "Mr. Melrose brings a wealth of project
development and mine finance experience to our Board of
Directors. We welcome him to our Board as our Company starts
to transition from exploration to advanced project and
development."
Mr. Melrose has been granted 50,000 stock options exercisable at
$0.80 per share for a term of five
years from the date of grant pursuant to the Company's stock option
plan.
About Gold Reach Resources
The Ootsa property is an advanced stage exploration project
containing the East Seel, West Seel and Ox porphyry systems all
with NI 43-101 compliant resources. The Company has completed
134,878 metres of core drilling on the property to date, with
36,135 metres completed during 2013. In total the Ootsa
property contains compliant pit constrained resources totaling 1.25
billion pounds copper equivalent in the measured and indicated
categories (consisting of 712.8 million lbs. copper, 0.65 million
ounces gold, 66 million lbs. molybdenum, and 11.4 million ounces
silver) and 1.66 billion pounds copper equivalent in the inferred
category (consisting of 887.2 million lbs. copper, 0.83 million
ounces gold, 103.5 million lbs. molybdenum, and 16.1 million ounces
silver), using a 0.2% copper equivalent cut off.
For more information on the Ootsa property and the contained
resources please see our website at
http://goldreachresources.com.
On Behalf of the Board of Directors
"Conrad Swanson"
Chairman
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. 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 event management's beliefs, estimates
obligations or other factors should change.
SOURCE Gold Reach Resources Ltd.