Goldrea Resources Corp V.GOR

Primary Symbol: C.GOR Alternate Symbol(s): GORAF

Metals & Mining Industrial Metals & Minerals

Goldrea Resources Corp. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. Its mineral prospects focus on gold, copper, silver, platinum, palladium, molybdenum, and iron as the major metals of interest. The Company holds interests in one resource property in British Columbia, the Cannonball Property. It holds a 100% interest in Cannonball Property, which covers 1510 hectares (ha), and is located approximately 15 kilometers northeast of the former Snip mine in the Iskut River district of northwestern British Columbia. The Company’s Adrian Property covers approximately 2,269 ha of mineral claims which adjoin the northern boundary of its Cannonball Project. Its other properties include Link Property and King Property. It also owns a 100% interest in two mineral tenures in the Golden Triangle of northern British Columbia. The two claim tenures cover about 71 ha that adjoin the west side of Goldrea's Cannonball property.

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Comment by rtszdon Oct 03, 2013 11:54am

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Post# 21788028

RE:RE: RE: News to come

The Fizzle has FUZZLED!

Goldrea Announces the Resignation of Three Directors

Goldrea Resources Corp. - Company Update

October 3, 2013 - Vancouver, British Columbia

James Elbert, President and Chief Executive Officer of Goldrea Resources Corp. (GOR-TSX.V; Frankfurt-GOJ; Pink Sheets-GORAF) (“Goldrea” or the “Company”) reports on the company’s properties and recent activities over the past several months.

Chinese Gold Asset Sale:

Goldrea is in advanced discussions and negotiations with a potential purchaser of the Rushan Daye Gold project in China. The property contains a NI 43-101 indicated resource of 2,600,000 tonnes grading 2.03 g/t Au (.0654 opt) containing 174,000 oz. of gold.

The Company continues to review its mineralized properties in North America, specifically in British Colombia and Arizona. The 50% owned Dobbin platinum/palladium/copper project 27 kms northwest of Kelowna, BC: The 50% owned Empress Molybdenum discovery near Summerland, BC; and the Arizona Gold project located in Mojave County.

Of particular significance:

Empress Molybdenum Discovery – (50/50 Joint Venture with Nevada Clean Magnesium.)Drilling of 19 BQTW diamond drill holes (3,493 meters) (11,470 ft.) was completed on a high grade near surface molybdenum discovery on the Empress property located near Summerland, British Columbia. N. Tribe % Associates Ltd. Completed a NI 43-101 resource study in November, 2008. The results are as follows:

	0.02% CUT OFF	0.05% CUT OFF
Indicated	3,996,155 tonnes @ 0.0605% Mo	1,703,000 tonnes @ 0.094% Mo
Indicated	3,498,000 tonnes @ 0.0619% Mo	1,657,498 tonnes @ 0.094% Mo

The deposit is open to the northeast, to the southwest and at depth. A decision to commence further exploration on the property has been delayed until molybdenum prices begin to rise.

The Gold Chain gold property is located in Mohave County, Arizona, USA has a historical resource in excess of * 40,000 ounces of gold, (1.3 million tons of 1.03 g/t Au) (0.032 opt gold) which was delineated by Western States the previous operator. The gold resource occupies a prominate detachment fault within Precambrian rocks, which are overlain by silicified, brecciated, volcanic dome features of Tetiary Age.

The Gold Rush claims straddle the Roadside Detachment Fault and trend northward the Company’s adjacent Gold Chain property, which is situated approximately one mile to the north, and which is also located upon the same “detachment structure”. Previous operator Anaconda postulated that a historical resource of 3.2 million tons of 0.482 gt Au (0.015 oz. ton Au) * 48,000 oz) may be present, the Gold Chain resource is open in all directions.

The option agreement with Sandfield Resources USA and Sandfield Resources Ltd. where by Sandfield could acquire 60% of the rights and title in the Gold Rush and Gold Chain claims has terminated.

* Where historical estimates are referred to, the Company has no classification of the resources or reserve and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification to reserve verified by a Qualified Person and the historical estimate should not be relied upon.

Both Empress Moly, and the Arizona Gold projects are considered to be properties of merit by Goldrea management and opportunities will be pursued once funding becomes available.

GOLDREA RESOURCES CORP.

James Elbert
President and Chief Executive Officer

Further Information

Cautionary Notice: The Reader is cautioned that the full Cautionary Notice is not attached to this email. The reader is requested to access the news release on the Company’s website at www.goldrea.com or at SEDAR at www.sedar.com to read the full Cautionary Notice. The full Cautionary Notice is not attached as the recipient’s spam filters frequently block receiving emails containing the full Cautionary Notice.

This NR is very congruent to the way the company has been run! Check out the heading on the news release! Duh!

This message was sent to cousinsdave@shaw.ca from:

The Reaugh Group | 2a 15782 Marine Drive | White Rock, BC V4B 1E6, Canada

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