SUMMARY
Shandong Province, the Kingdom of Gold, produces 26% of the gold mined in China - now the world’s #1 producer of gold (since 2007). Goldrea has capitalized on the increasingly-favourable environment in China for foreign investment, by forging agreements with Rushan City in Shandong to create Exploration Joint Ventures in the Mining Leases adjoining their existing open pit Daye Gold Mine.

  DETAILS

RUSHAN GOLDREA GOLD INC. EXPLORATION J.V.
In March 2004 Goldrea Resource Corp. completed a co-operative joint venture agreement with China Rushan to explore along strike and down dip from their existing 1750 TPD open pit gold producer. The Rushan Goldrea Gold Inc. joint venture contract called for Goldrea to invest C$2 million over a four-year period for 74% earn-in. Goldrea has fulfilled its commitment, completing 50,000 metres (164,000 ft) of diamond drilling (lease map, drill plan, drill section). Goldrea’s Golden Rose Mine shaft (Mine Progress diagram) has been sunk to final depth of 235 metres, and ore production has begun in 2008.   more >>

LUDI JOINT VENTURE
June 30, 2011
The company decided not to maintain its interest in the Rushan Ludi Goldrea Gold Mining Inc. Joint Venture, which holds exploration lands adjacent to its primary interest in Shandong, China, the Rushan Goldrea Gold Inc. Joint Venture.