GOLD Reach Announces NAME Change to Surge Copper Corp.
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GOLD REACH ANNOUNCES NAME CHANGE TO SURGE COPPER CORP.
February 20, 201 8, Vancouver, British Columbia - Gold Reach Resources Ltd. ( the “Company” or “Gold
Reach”) (TSX-V:GRV) wishes to announce that effective February 21, 2018, it will be chan ging its name to
Surge Copper Corp. to better reflect the main commodity in the Company’s advanced stage Ootsa Project in
British Columbia.
In connection with the name change, the Company’s common shares will commence trading under the new
name on the TSX Venture Exchange with the new stock symbol “SURG” at the opening of trading on February
21, 2018.
There is no change in the share capital of the Company and shareholders are not required to exchange their
existing share certificates for new certifica tes. The Company’s new CUSIP number is 86881M104 and its new
ISIN number is CA86881M1041.
About Gold Reach Resources Ltd.
The Company owns a 100% interest in the Ootsa Property, an advanced stage exploration project containing the
East Seel, West Seel and Ox porphyry deposits located adjacent to the open pit Huckleberry copper mine. The
property contains NI 43 -101 compliant resources of 224 million tonnes in the Measured and Indicated
categories with contained metals of 1.1 billion pounds of copper a nd 1 million ounces of gold as summarized in
the table below.
Ootsa Project Pit Constrained Mineral Resource Estimate at $8.50/t NSR Cut-off Value
Category Tonnes
(‘000’s)
CuEq
%
Cu
%
Au
g/t
Mo
%
Ag
g/t
CuEq
M lbs
Cu
M lbs
Au
K oz
Mo
M lbs
Ag
K oz
Measured 187,148 0.38 0.23 0.15 0.021 2.8 1,568 934 916 85 17,089
Indicated 37,041 0.35 0.21 0.12 0.023 2.8 286 175 146 19 3,368
M&I 224,189 0.37 0.22 0.15 0.021 2.8 1,854 1,109 1,062 104 20,457
On February 9, 2016, the Company an nounced a positive Preliminary Economic Assessment (PEA) for the
Ootsa Property with potential for low capital cost, low risk and rapid pay back utilizing existing infrastructure
in the district with a contract mining and toll milling scenario. The study recommends the Company continue to
advance the Ootsa Project with extended and advanced technical studies with the intention of moving the
project toward a production decision.
The current technical report supporting the resource statement and PEA is ava ilable on SEDAR or the Company’s website at
www.goldreachresources.com and has an effective date of January 2016. The resource estimate uses $8.50 per tonne NSR cut -off
value. Mineral resources are not mi neral reserves and by definition do not demonstrate economic viability. There is no certainty that
all or any part of the mineral resource will be converted into mineral reserves. A ‘Measured Mineral Resource’ is that part of a
mineral resource for which quantity, grade or quality, densities, shape and physical characteristics are so well established that they
can be estimated with confidence sufficient to allow the appropriate application of technical and economic parameters, to sup port
production plannin g and evaluation of the economic viability of the deposit. An ‘Indicated Mineral Resource’ is that part of a
Mineral Resource for which quantity, grade or quality, densities, shape and physical characteristics can be estimated with a level of
confidence sufficient to allow the appropriate application of technical and economic parameters, to support mine planning and
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evaluation of the economic viability of the deposit. Copper Equivalent (CuEq) calculations are based on base case metal price
(US$3/lb Cu, U S$1260/oz Au, US$10.30/lb Mo, and US$17/oz Ag) and process recovery assumptions, and take into account smelter
payable rates and refining costs. M&I = measured and indicated. The resource update and Preliminary Economic Assessment was
completed by P&E Min ing Consultants Inc. in accordance with National Instrument 43 -101 Standards of Disclosure for Mineral
Projects.
Dr. Shane Ebert P.Geo., is the Qualified Person for the Ootsa project as defined by National Instrument 43 -101
and has approved the technical disclosure contained in this news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“Shane Ebert”
President and Chief Executive Officer
For Further information, please contact:
Telephone: 604-718-5454
Toll Free: 888-500-4587
http://goldreachresources.com
Or
Don Mosher
Corporate Development
Telephone: 604-685-6465
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. I n some cases, you can identify forward -
looking statements by terminology such as "will", "may", "should", "expects", "plans", or "anticipates" or the negative of th ese 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 di fferent
from any future results, levels of activity, performance, or achievements expre ssed or implied by these forward -looking-statements.
Such uncertainties and risks may include, among others, actual results of the Company's exploration activities being differen t than
those expected by management, delays in obtaining or failure to obtain required government or other regulatory approvals or
financing, inability to procure equipment and supplies in sufficient quantities and on a timely basis, equipment breakdown an d bad
weather. While these forward-looking statements, and any assumptions upo n 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 mat erially,
from any estimates, predictions, projections, assumptions or ot her 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.