FOR IMMEDIATE RELEASE
PROGRESS REPORT
ON CHINA GOLD PROJECT
December 4, 2007 - Vancouver, British Columbia
Larry W. Reaugh, President &
Chief Executive Officer of Goldrea Resources
Corp. (GOR-TSX.V; Frankfurt-GOJ;
Pink Sheets-GORAF) is pleased to report on the following progress of their
Chinese gold properties:
1.
Golden Rose
Shaft. � Surface plant
construction is ongoing. The head frame is complete including sheave, the hoist
construction is complete and the drum, transmission and motor are in place.
Buildings are 35% complete. Underground work is expected to commence by mid
December 2007 (see link to photos).
2.
Ludi Joint Venture
with 3rd Brigade (70% GOR, 30% 3rd Brigade). � Final approval is expected from the government
by mid December 2007. The property is the southern extension of the Dhiyia zone where the 3rd Brigade completed 7
diamond drill holes with the most significant result being 4.24 g/t AU over 9 meters (see press
release dated July 6, 2006). The holes are
approximately 200 meters
south of the Goldrea/Rushan diamond drill hole GZK810
which returned 4.09 g/t Au over 5 meters (see press release dated October 11,
2005).
3.
Daye Mine
Acquisition. Acquisition of
an 80% interest in the operating Daye Gold Mine (1750 TPD) is still on track to
be completed in February 2008. Goldrea now has earned
a 90% interest in all the claims immediately east, west and south of the
operation. Three drills are currently conducting exploration drilling to
enhance the NP 43-101 reserve estimate (see press release dated January 19, 2007) whereby
indicated resources are 331,175
ounces and inferred resource are 275,968 ounces of
gold.
4.
The Company will be focusing its attention on the
Daye Acquisition and development only. Management is currently examining the
potential of acquiring significant assets in North America.
This news release has been reviewed by Dick
Addison, P.Eng. a qualified
person recognized under NI 43-101.
GOLDREA RESOURCES CORP.
Larry W. Reaugh,
President
& Chief Executive
Officer
Information Contact
Larry W. Reaugh
President & CEO
Head Office: 2A 15782 Marine Drive, White Rock, B.C. V4B
1E6
Telephone: 604-531-9639 Facsimile:
604-531-9634
Email: info@goldrea.com
The TSX-Venture Exchange
has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
www.goldrea.com
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This message was
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