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Goldrea Resources Corp. (CSE: GOR) (FSE: GOJ1) (OTC Pink: GORAF) is focusing on the Cannonball Project, which covers the extended porphyry copper-gold district discovered by Seabridge Gold. The project's 5,000 hectares encompass multiple historic and new gold and porphyry copper-gold prospects, confirming the presence of rock units of the same age as Golden Triangle deposits. Recent technical studies have identified a significant structural corridor within the project area, presenting promising drill targets.
Goldrea Resources Corp. (CSE: GOR) (FSE: GOJ1) (OTC Pink: GORAF) has acquired a 100% interest in two mineral tenures covering 71 hectares adjacent to its Cannonball property in the Golden Triangle of northern British Columbia. The acquisition, dubbed the 'Plus' Property, was secured for 500,000 common shares of Goldrea, subject to a four-month hold period.
This addition expands Goldrea's land position in the area to over 5,000 hectares. The company plans to amend its 2025 program to include these new claims and will provide updated reports on the known copper and gold prospects under its control. Goldrea also highlighted the proximity to Seabridge Gold's recent Snip North discovery, emphasizing the strategic importance of their position in the Golden Triangle's development.
Goldrea Resources Corp. (CSE: GOR, OTC Pink: GORAF) has expanded its Cannonball Project by signing LOIs to acquire a 50% interest in nine mineral claims (514ha) adjoining the project. The expanded project now covers 5,478 ha and straddles the projected northeast extension of a district-scale structural corridor connecting three advanced porphyry targets reported by Seabridge Gold.
To acquire the 50% interest, Goldrea must incur $550,000 in exploration expenditures, pay $190,000 to the underlying vendor, and issue 750,000 shares by October 31, 2025. The new prospects include the King-Mist Zone, Rumble Creek Prospect, and North Zone, all located within the projected extension of the structural corridor.
Seabridge Gold is currently conducting a $12 million follow-up drilling program on the nearby Iskut Project, demonstrating the importance of this new porphyry district.
Goldrea Resources Corp (CSE:GOR, OTC PINK:GORAF) announces a non-brokered private placement of 12 million flow-through units at $0.06 each and 10 million non-flow-through units at $0.04 each. The total amount raised will fund IP surveys and diamond drilling on its Cannonball Property in BC's Golden Triangle. Each unit includes a common share and warrants for future purchases. The company highlights the geological potential for copper-gold mineralization in the area, supported by independent geological confirmations.
Goldrea Resources Corp. (CSE:GOR, OTC:GORAF) has reported high gold values from the Adrian Vein System, with samples returning between 6.85 to 91.00 g/t gold. Historical data shows the vein system extends over 1,600 meters and has revealed high-grade intervals. The 2021 exploration program included a 3DIP survey that identified chargeability responses. Additionally, the Cannonball Project contains two copper targets with significant historical and recent high-grade results. Upcoming IP surveys aim to identify drill targets for further exploration.
Goldrea Resources Corp. has announced the discovery of a new copper mineralization zone, called the Juice Box Zone, at its Cannonball Property in British Columbia. This area, approximately 300 meters by 300 meters, features quartz-carbonate veins with pyrite and chalcopyrite. The identification of this zone is significant as it enhances the porphyry copper potential of the property. Ongoing geological mapping, sampling, and IP surveys are scheduled to further investigate this promising area. The company emphasizes its commitment to high exploration standards and investor engagement.
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