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The 3,400-hectare Snip North property adjoins Goldrea’s existing Cannonball holdings. If the option is exercised, this acquisition would expand Goldrea’s total land holdings in the area to 8,500 hectares. The earn-in requires Goldrea to invest $1.25 million in exploration over four years, with annual expenditures of $100,000 for years one through three, and a significant $950,000 commitment in year four. Goldrea has already allocated $100,000 from its 2025 exploration budget to maintain the property in good standing through November 30, 2026.
Upon completing the earn-in requirements, Goldrea will become the initial operator of a joint venture with Hanstone. The transaction also includes a finder’s fee to be paid in accordance with Canadian Securities Exchange (CSE) rules. Detailed maps of the property locations are available on Goldrea’s website and via The Northern Miner publication.
La proprietà di 3.400 ettari è contigua alle attività Cannonball di Goldrea e aumenterebbe il portafoglio fondi territoriale di Goldrea a 8.500 ettari se l’opzione viene esercitata. Il programma di earning-in richiede 1,25 milioni di dollari in spese di esplorazione nel periodo di quattro anni: 100.000 dollari annui per gli anni 1–3 e 950.000 dollari nell’anno 4. Goldrea ha imputato 100.000 dollari di spese di esplorazione del 2025 per mantenere la proprietà in buona standing fino al 30 novembre 2026.
Al completamento dell’earn-in, Goldrea sarà l’operatore iniziale di una joint venture con Hanstone; una commissione di ricerca verrà pagata secondo le norme CSE. I link delle mappe sono pubblicati sul sito di Goldrea e su The Northern Miner.
La propiedad de 3.400 hectáreas es contigua a las posesiones Cannonball de Goldrea y aumentaría el total de tierras de Goldrea a 8.500 hectáreas si se ejercerá la opción. El earn-in requiere 1,25 millones de USD en gastos de exploración durante cuatro años: 100.000 USD anuales para los años 1–3 y 950.000 USD en el año 4. Goldrea aplicó 100.000 USD de los gastos de exploración de 2025 para mantener la propiedad en buen estado hasta el 30 nov 2026.
Al completar el earn-in, Goldrea será el operador inicial de una empresa conjunta con Hanstone; se pagará una tarifa de buscador según las reglas de CSE. Los enlaces de mapas están publicados en el sitio web de Goldrea y en The Northern Miner.
3,400헥타르의 자산은 Goldrea의 Cannonball 보유지에 인접하며 옵션을 행사하면 Goldrea의 총 토지 규모가 8,500헥타르로 증가합니다. Earn-in은 4년간 125만 달러의 탐사비 지출이 필요합니다: 1–3년차는 매년 10만 달러, 4년차에 95만 달러입니다. Goldrea는 2025년 탐사비 10만 달러를 자산을 양호한 상태로 유지하기 위해 사용하여 2026년 11월 30일까지 유지합니다.
Earn-in이 완료되면 Goldrea는 Hanstone와의 합작투자 초기 운영자가 되며; CSE 규정에 따라 찾는 수수료가 지급됩니다. 지도 링크는 Goldrea의 웹사이트와 The Northern Miner에 게시되어 있습니다.
La propriété de 3 400 hectares est contiguë aux possessions Cannonball de Goldrea et augmenterait le portefeuille total de terres de Goldrea à 8 500 hectares si l’option est exercée. L’earn-in nécessite 1,25 M$ en dépenses d’exploration sur quatre ans: 100 000$ par an pour les années 1–3 et 950 000$ l’année 4. Goldrea a comptabilisé 100 000$ de dépenses d’exploration 2025 pour maintenir la propriété en règle jusqu’au 30 nov. 2026.
À l’achèvement de l’earn-in, Goldrea sera l’opérateur initial d’une coentreprise avec Hanstone; des frais de trouveur seront versés selon les règles du CSE. Des liens cartographiques sont publiés sur le site Web de Goldrea et dans The Northern Miner.
Die 3.400 Hektar große Immobilie grenzt an Goldreas Cannonball-Besitz und würde das gesamte Landpaket von Goldrea auf 8.500 Hektar erhöhen, wenn die Option ausgeübt wird. Earn-in erfordert 1,25 Mio. USD an Explorationsausgaben über vier Jahre: 100.000 USD jährlich in den Jahren 1–3 und 950.000 USD im Jahr 4. Goldrea hat 100.000 USD an Explorationsausgaben des Jahres 2025 angerechnet, um die Property bis zum 30.11.2026 in gutem Zustand zu halten.
Nach erfolgreichem Earn-in wird Goldrea der initiale Betreiber eines Joint Ventures mit Hanstone sein; eine Finder’s Fee wird gemäß den CSE-Regeln gezahlt. Kartenlinks werden auf der Website von Goldrea und im The Northern Miner veröffentlicht.
تمتد الملكية بمساحة 3,400 هكتار وتتجاور مع ممتلكات Goldrea Cannonball، وسيؤدي تنفيذ الخيار إلى رفع إجمالي الحصة الأرضية لـ Goldrea إلى 8,500 هكتار. يتطلب earning-in إنفاقاً قدره 1.25 مليون دولار على مدى أربع سنوات في نشاط الاستكشاف: 100,000 دولار سنوياً للسنوات 1-3 و 950,000 دولار في السنة 4. قامت Goldrea باستخدام 100,000 دولار من إنفاق الاستكشاف لعام 2025 للحفاظ على الملكية في وضع جيد حتى 30 نوفمبر 2026.
عند إتمام Earn-in ستكون Goldrea المشغل الأول لشركة مشتركة مع Hanstone؛ سيتم دفع أتعاب مكتشف وفق قواعد CSE. روابط خرائط المسح منشورة على موقع Goldrea وThe Northern Miner.
该3,400公顷的资产与 Goldrea 的 Cannonball 资产相邻，如行使期权，将使 Goldrea 的总土地规模增至8,500公顷。Earn-in 需要在四年内花费125万美元进行勘探：前3年每年10万美元，第4年为95万美元。Goldrea 将把2025年的勘探支出中的10万美元计入以维持该资产在良好 standing，直至2026年11月30日。
完成 Earn-in 后，Goldrea 将成为 Hanstone 合资企业的初始运营方；将按照 CSE 规则支付寻矿费。地图链接已在 Goldrea 网站和 The Northern Miner 上发布。
Positive
- Earn-in option for 70% interest (Sept 29, 2025)
- Adds 3,400 hectares contiguous to Cannonball
- Total land package increases to 8,500 hectares
- Goldrea named initial operator on JV upon earn-in
Negative
- Binding $1.25M exploration commitment over four years
- Concentrated $950,000 expenditure required in year four
10/03/2025 – 09:40 AM
Vancouver, British Columbia – October 3, 2025 – Goldrea Resources Corp. (GORAF) is strategically expanding its footprint in British Columbia’s Golden Triangle through an option agreement with Hanstone Gold Corp. The deal, effective September 29, 2025, grants Goldrea the right to acquire a 70% interest in Hanstone’s Snip North property.
The Snip North property, encompassing 3,400 hectares, is strategically located adjacent to Goldrea’s existing Cannonball property. If Goldrea exercises the option, its total land package in the Golden Triangle will increase to an impressive 8,500 hectares. The agreement stipulates that Goldrea must invest $1.25 million in exploration expenditures over a four-year period. This includes annual spending of $100,000 for the first three years, followed by a substantial $950,000 investment in the fourth year. Demonstrating its commitment, Goldrea has already allocated $100,000 from its 2025 exploration budget to maintain the Snip North property in good standing until November 30, 2026.
Upon fulfilling the earn-in requirements, Goldrea will assume the role of initial operator in a joint venture with Hanstone, leveraging its expertise in exploration and development. The transaction also involves a finder’s fee, which will be paid in accordance with the regulations set forth by the Canadian Securities Exchange (CSE). For investors seeking more detailed information, maps showcasing the property’s location in relation to Goldrea’s existing assets are available on the company’s website. The Northern Miner has also published a comprehensive map highlighting the entire Golden Triangle region.
The Golden Triangle region is experiencing renewed interest due to recent technological advancements in exploration and extraction techniques. Companies are now able to access previously uneconomical deposits, leading to increased investment and activity. Goldrea’s strategic acquisition aligns with this trend, positioning the company to capitalize on the region’s untapped potential.
Jim Elbert, CEO of Goldrea, emphasized the significance of this acquisition, stating, “The joint venture with Hanstone Gold on their Snip North property is a major addition to Goldrea’s holdings in the increasingly important Golden Triangle. In the face of challenging markets, work to date on Goldrea’s holdings have identified multiple promising targets. Robust gold and copper markets should help the Company raise financing for a major exploration program in 2026.”
This strategic move by Goldrea underscores a broader trend in the junior mining sector: focusing on established, high-potential regions and leveraging partnerships to mitigate risk and accelerate exploration. The Golden Triangle, known for its historical production and geological richness, continues to attract significant investment, and Goldrea’s expanded land position positions them favorably for future discoveries.
While the earn-in terms require a substantial investment, particularly in year four, they also allow for a phased approach to exploration, enabling Goldrea to assess the property’s potential before committing significant capital. This structured approach could prove advantageous in a fluctuating market environment. The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain “forward-looking statements”, which are statements about the future based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements by their nature involve risks and uncertainties, and there can be no assurance that such statements will prove to be accurate or true. Investors should not place undue reliance on forward-looking statements. The Company does not undertake any obligation to update forward-looking statements except as required by law.
To view the source version of this press release, please visit
FAQ
What did Goldrea (OTC: GORAF) announce on October 3, 2025 about Snip North?
Goldrea signed a Sept 29, 2025 option to earn 70% of the 3,400-hectare Snip North property.
How much must Goldrea (GORAF) spend to earn 70% of Snip North and over what timeline?
Goldrea must incur $1.25M of exploration expenditures over four years ( $100k annually years 1–3; $950k in year 4 ).
How does the Snip North option change Goldrea’s land position (GORAF)?
If exercised, the acquisition raises Goldrea’s total holdings to 8,500 hectares, adding 3,400 hectares.
Has Goldrea (GORAF) already spent money to secure the Snip North property?
Yes. Goldrea applied $100,000 of 2025 exploration expenditures to keep the property in good standing to Nov
30, 2026.
Who will operate the Snip North joint venture after Goldrea earns 70% (GORAF)?
Upon earning 70%, Goldrea will be the initial operator of the joint venture with Hanstone.
Are there any fees or third-party payments in the Snip North option for Goldrea (GORAF)?
A finder’s fee will be paid in accordance with CSE regulations as part of the transaction.
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