OTC Stock Review Issues Report on Goldrea Resources Corp.


ATLANTA, July 26, 2006 (PRIMEZONE) -- OTC Stock Review announces that it has initiated coverage of Goldrea Resources Corp. (Pink Sheets:GORAF) (TSX-V:GOR). Goldrea Resources Corp., headquartered in White Rock, BC, is a mineral exploration and development company that is engaged in the acquisition, exploration, and development of mineral properties. The Company has been working on several gold projects in North America and, just over twelve months ago, launched an ambitious play into the Shandong Daye Mine, near Rushan City, Shandong Province, China, the world's fourth largest producer of gold in 2003 (only behind South Africa, Australia and the USA). Shandong Province alone accounts for 26% of the overall Chinese total.

The area on the east and west zones of Goldrea's Shandong Daye Mine contains an inferred resource (based on limited drilling, trenching and underground development as reported by Rushan City) of 707,717 oz of gold, which are not NI 43-101 compliant. Goldrea has completed the translation of the mine's assets from Chinese to English and hired Wardrop Engineering to complete the NI 43-101 compliant valuation report. The existing Shandong Daye open-pit mine produced 65,000 oz of gold per year for seven years and only required drilling 40 holes, including the discovery holes.

Recently, Goldrea entered into a joint venture for a large (90 sq. km) lease from the 3rd Brigade (Army Engineering Division) adjacent to the south boundary of the Daye Mine joint venture lease where ore grade mineralization has been drilled and the five compartment shaft is being sunk. The new lease contains ore grade intercepts up to 4.24g over nine meters and Goldrea has authorized the preparation of a NI 43-101 compliant geological report.

The complete report is available at http://www.otcstockreview.com/Files/GORAF/GORAF_Review.pdf.

View OTC Stock Review's complete coverage on Goldrea Resources Corp. at http://www.otcstockreview.com/goraf.htm.

OTC Stock Review provides a comprehensive review of financial market coverage, specifically the microcap market, by newsletters, mutual funds, brokerage firm and independent research firms. OTC Stock Review defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Members receive regular emails of stock opinions and market coverage, including both global and domestic. Please visit http://www.otcstockreview.com.

NOTE: The purpose of this release is to introduce the reader to OTCStockReview.com and Goldrea Resources Corp. OTC Stock Review is not a Registered Investment Advisor or a Broker/Dealer. Information and opinions presented in this release are solely for informative purposes and not intended, nor should they be construed as, investment advice. This document contains information obtained from public sources about Goldrea Resources Corp., but does not contain all the relevant material information necessary to evaluate the company. This release is not to be considered an offer to buy, sell, hold, and/or otherwise trade in the securities of Goldrea Resources Corp., as profiled. OTC Stock Review has been compensated $11,250.00 to perform investor relations services for Goldrea Resources Corp. Officers, directors, and employees of OTC Stock Review, may hold a long or short equity position of a profiled Company and may trade in these securities for their own accounts. Carefully review profiled companies with your investment advisor, stockbroker, or other such professional. OTC Stock Review is not liable for any investment decisions by its readers or their advisors. Any analysis contained herein does not purport to be a complete analysis of the profiled companies. Readers are encouraged to obtain copies of the profiled Company's periodic reports filed with United States Securities and Exchange Commission, which are generally available at http://www.sec.gov. You can view our complete disclaimer at http://www.otcstockreview.com/disclaimer.htm



            

Tags


Contact Data