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
"Dwayne Melrose"
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.