Goldrea Resources Corp.

(GOR:CNX)

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Goldrea Resources is engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties of a strategic nature.

PropertiesCannonball Property (Gold)

Located in Iskut, Northern BC, “the Golden Triangle”

The property, comprises 1,490 hectares located approximately 15 kilometres northeast of the former Snip mine in the Iskut River district of northwestern British Columbia. This region has hosted some high-grade gold discoveries, including the past-producing Eskay Creek mine and the Brucejack mine currently under construction. In addition to the high-grade gold discoveries, this district also hosts world-class porphyry copper-gold deposits, including Imperial Metals’ Red Chris mine, Seabridge Gold’s KSM project, Teck/Novagold’s Galore Creek project and Teck/Copper Fox Resources’ Schaft Creek project.

According to the British Columbia Ministry of Mines, previous exploration work in the late 1980s identified gold-bearing quartz veins and stockwork zones within the claim area now covered by the Cannonball property.

Gaspe Lithium, Quebec (Lithium)

The property is located approximately 75 kilometres northwest of the city of Gaspe, Que., in NTS map sheet 22H03, and covers historically reported elevated lithium values obtained from stream sediment samples. The highest recorded stream sediment sample from the Gaspe lithium property returned a value of 159 parts per million Li (1). For reference, the SIGEOM sediment sample database contains only five samples that exceed 150 ppm for the entire province of Quebec. Additionally, the highest-assaying lake sediment sample near Nemaska Lithium’s proposed Whabouchi lithium open-pit resource returned a maximum of 10.9 ppm Li (2).

In addition to the 159 ppm sample taken from the property, another three stream sediment samples within the property boundaries include, using the first sample as a reference point for location: 105 ppm Li located 200 metres to the west (3), 24 ppm Li located 400 metres to the west (4) and 26 ppm Li located 700 metres to the north (5).

Lift Property, Clayton Valley (Lithium)

Located in the Clayton Valley, NV

The Lift Property is comprised by sixty lode claims covering approximately 1200 acres of land. The claims are situated adjacent to Noram’s lithium property and in proximity to Pure Energy and Cypress’ interests in the Clayton Valley. Consideration for the acquisition consists of US$30,000 cash (of which US$15,000 has been paid), 500,000 Goldrea shares, and a 3% net smelter return royalty which can be bought back for US$2.5 million. US$24,270 has also been paid for county and BML recordation fees through August 2017.

“We are pleased Goldrea Resources has been able to secure this prospect which holds potential for supplying a much-needed commodity in the future,” states Jim Elbert, CEO and President. “Clayton Valley has been the focus of many recent lithium acquisitions. It is home to the only operating brine-based lithium mine in North America, the Albemarle Silver Peak mine, and host to the Angel Island Fault which is also highly prospective. The work done in the Valley and lithium showings is encouraging as we look to move the Lift property forward.”

Management

James Elbert

President & CEO

In July 2012, Mr. Elbert was named President and Chief Executive Officer of Goldrea Resources after several years working as a consultant for the Company. Mr. Elbert studied Business Administration at The Ohio State University. He launched and built a regional construction company in Arkansas and then moved to British Columbia in 1992 to raise his family. Mr. Elbert worked as an investment advisor in Canadian national brokerages for eleven years before leaving that industry to participate directly with Goldrea Resources.


Larry W. Reaugh

Director

Mr. Reaugh has forty-seven years’ experience in the mining industry and for the past thirty years he has been the CEO & President of several exploration, development and producing mining companies listed on the TSX, TSX Venture and NASDAQ exchanges. Several of his companies have made significant discoveries, three of which (gold) went on to be producing mines. Through his career Mr. Reaugh has raised in excess of $250 million for junior resource mining companies. Currently he is the CEO of American Manganese Inc.
American Manganese Inc. (formerly Rocher Deboule Minerals Corp.) – President and Chief Executive Officer from February 13, 1998 to present.


Sokhie Puar

Director

Mr. Puar has more than 28 years of experience in senior management, corporate finance, corporate development and the public markets. From 1987 to 1998, Mr. Puar was with Canaccord Capital Corporation (Canada) and Noram Investments (USA) as an Investment Advisor. Mr. Puar is a graduate in Mechanical Engineering Technology, Design and holds an Advanced Diploma in Business Administration from the British Columbia Institute of Technology. He left the capital markets in the fall of 1998 to join a publicly traded Internet-based technology company as Vice President of Corporate Development and has since held numerous management positions with public companies. Currently, Mr. Puar is the President and CEO of Candelaria Mining Corp. and ASB Capital Corp. Mr. Puar also sits on the Board of Governors of Southpointe Academy, an independent school located in Tsawwassen, BC.


Paul L. Blair

Chief Operating Officer, Director

Director and Chief Operating Officer for Goldrea, Mr. Paul Blair has a Bachelor of Science in Geological Engineering from Montana Tech as well as having completed study curriculum in Management and Accounting at the University of Utah. He has been involved in feasibility, permitting and design of a large open pit/heap leach in Inner Mongolia and managed the operation of an open pit mine and construction of a mill and camp in Qinghai. Mr. Blair has worked in various management capacities in North, Central and South America. His work included preparation of scoping studies, supervision of bankability feasibility studies, management of detailed design and EPCM; management of start-up, turn-around, closure and expansion of major mining projects and management of producing operations.


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Goldrea Resources Corp.

Profile

Goldrea Resources is engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties of a strategic nature.

Contact Information

Website: goldrea.com
Email: info@goldrea.com
Main Phone: 604-559-7230
Address: 543 Granville Street
Address 2: 5th Floor
State: BC
City / Town: Vancouver
Country: CAN
Postal Code: V6C 1X8

Issuer Information

Exchange: CNQ
CEO: James Elbert
Issuer Type: CS - Common Stock
Sector/Industry: Cyclical
NAICS: Gold Ore Mining
$ 0.05 $ 0. (0.00%)
Last Price 0.05 Change $ 0. Change % 0.00 Tick N/A
Bid 0.045 Bid Size 176,000.00 Ask 0.07 Ask Size 134,000.00
Open N/A High N/A Low N/A Prev Close 0.05
Last Trade Volume 500 52 Wk Hi 0.14 52 Wk Low 0.03
Market Cap 1.1 mi Ex-Div Date N/A Div Rate N/A Yield N/A
Shares 22,324,925.00 EPS (TTM) -0.04 PE Ratio N/A Exchange CSE