Mr. Terry Kuzma Joins GOLD Reach Board of Directors
MR. TERRY KUZMA JOINS GOLD REACH BOARD OF DIRECTORS
November 7, 2017, Vancouver, British Columbia - Gold Reach Resources Ltd. (the “Company”
or “Gold Reach”) (TSX -V:GRV) is pleased to announce that Mr. Terry Kuzma has joined the
Gold Reach Board of Directors.
Mr. Kuzma has extensive experience in the forestry and mining industries in western Canada and
has specialized in working with First Nation groups and resource c ompanies to successfully
negotiate agreements for the benefit of all parties. Mr. Kuzma is a registered professional
forester that has served as a senior manager in the natural resource sector for over 25 years.
He has been a Director and past President of West Chilcotin Forest Products Ltd., a Director with
Cheslatta Forest Product s Ltd. and served as Chairman of the Board and Director of Interex
Forest Products Ltd. an international forest product s marketing company. Mr. Kuzma also
continues to serve as a Director on the New Relationship Trust Board.
Mr. Kuzma is leading an initia tive by Gold Reach to enter into an advanced exploration to
development stage agreement with multiple First Nation groups that have interests over the
Ootsa Project and surrounding area and would be in favour of a consolidation of the assets in this
area. The initiative is underway and progress will be updated as certain milestones are met.
Mr. Patrick Glazier, Chairman of the Company stated, “ Mr. Kuzma brings a wealth of resource
industry knowledge and experience to the Gold Reach Board. His long and successful history of
working with First Nation groups will be invaluable as the Company works on formalizing
strong First Nation support for the project. We welcome him t o our Board and look forward to
moving the Ootsa project forward.”
Mr. Kuzma has been granted 200,000 stock options exercisable at $ 0.10 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
Gold Reach Resources 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 cont ains 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 and 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 announced 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 that Gold Reach continue to advance the Ootsa Project with extended
and advanced technical studies with the intention of moving the p roject toward a production
decision.
The current technical report supporting the resource statement and PEA is available 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 mineral reserves and by definition do not demonstrate economic viability. There is no
certainty that all or any part of the mineral resource wi ll 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 we ll
established that they can be estimated with confidence sufficient to allow the appropriate application of technical and econo mic
parameters, to support production planning 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 characterist ics
can be estimated with a level of confidence sufficient to allow the appropriate application of technical and economic paramet ers,
to support mine planning and evaluation of the economic viability of the deposit. Copper Equivalent (CuEq) calculations are
based on base case metal price (US$3/lb Cu, US$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.
Dr. Shane Ebert P.Geo. , is the Qua lified 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
“Patrick Glazier”
Patrick Glazier
Chairman of the Board
For Further information, please contact:
Telephone: 604-718-5454
Toll Free: 888-500-4587
Email: [email protected]
http://goldreachresources.com
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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. Such uncertainties and
risks may include, among others, that the Offering will not complete, actual results of the Company's exploration
activities being different 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 and bad weather. 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.