CORPORATE OVERVIEW
Goldrea Resources Corp. (TSX.V: GOR) is a mineral exploration and development company actively engaged in the acquisition, exploration,
and development of mineral properties. The Company has been working on several gold projects in North America and, in January 2004,
launched an ambitious play into the Shandong Daye Mine area, near Rushan City, Shandong Province in
China, the world's fourth largest
producer of gold at that time (behind only South Africa, Australia and the USA). With China's new prominence as the world's top gold
producer in 2007 (first time ever), Goldrea's Chinese activities represent a strategic new step for the Company.
STRONG MANAGEMENT:
The diverse and experienced Board of Directors is led by CEO Mr. Larry Reaugh, who has
forty-two years experience in the mining industry. Mr. Reaugh is credited
with several producing mines and has raised more than sixty million dollars for exploration
and development of mining properties. He also serves as CEO and Chairman for Molycor Gold Corp,
Adanac Molybdenum Corporation and Rocher Deboule Mineral Corp.
PROPERTY HIGHLIGHTS:
CHINA
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Development: in Shandong Province, where Goldrea completed an agreement in November/2006 to
purchase an 80% interest in the Daye Gold Mine,
an existing 1750 TPD open pit gold producer which includes a mill with available expansion capacity.
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Exploration: In July/2006 Goldrea also completed a
Joint Venture agreement with China Rushan to explore along
strike and down dip from the open pit Daye Mine. The license entails some 65,000 hectares, with the joint-venture area on the east and
west sides of the mine. In January/2007 Goldrea added NI43-101 compliant gold resources of 331,175 ounces indicated and 275,968 ounces
inferred.
CANADA
Within Goldrea's diverse property portfolio (gold, silver, platinum, palladium, molybdenum, and copper), of most
immediate interest and potential is the
CrowRea Project, a molybdenum
prospect discovered in the mid 90's. Goldrea has since added both Empress and HP molybdenum claims adjoining the CrowRea, and an aggressive
drilling and exploration program is underway in 2007 and 2008.
(Visit our
Properties page for details.)