Gold Reach Signs Letter of Understanding with Cheslatta Carrier Nation

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Gold Reach Resources Ltd. (GRV.V) has signed a Letter of Understanding with the Cheslatta Carrier Nation for exploration at the company's 100% owned Ootsa Property located adjacent to the producing Huckleberry Mine south of Smithers, British Columbia.

Gold Reach says the letter outlines the terms for a "respectful and cooperative" business relationship between Gold Reach and the Cheslatta Carrier Nation while exploration is conducted at the Ootsa Property.

The formal agreement is a critical step in securing access to the area and removing project risk for the company and at the same time defines significant opportunities for the Cheslatta Nation, the company said.


Gold Reach also reported the results of three holes drilled into a large geophysical anomaly located 4.5 km NE of the Seel deposit.

GRV shares gained a penny to $1.57.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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