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Goldrea Resources Corp (GOR)

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Suffers from weak gross profit margins
Trading near 52-week Low
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Goldrea Resources Corp Company Profile

Goldrea Resources Corp. is an exploration stage company engaged in the acquisition, exploration and development of mineral properties. The Company is engaged in the business of exploring, acquiring, and if warranted, developing mineral properties and placing such properties into production. Its mineral prospects focus on gold, copper, silver, platinum, palladium, molybdenum, and iron as the major metals of interest. Its projects include Cannonball Property, Dixie Lake Property, and Adrian 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. Its Dixie Lake Baby project, consists of about 17 map-designated claim cells, covering 285 ha in total in three non-contiguous groups. Its Adrian Property covers approximately 2,269 hectares of mineral claims which adjoin the northern boundary of its Cannonball Project.

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