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

Cannonball Property (Gold)

About The Property

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.

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Gaspe Lithium, Quebec (Lithium)

About The Property

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).

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Lift Property, Clayton Valley (Lithium)

About The Property

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.”

Goldrea’s Lift Property located in the Clayton Valley, NV

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