The owned Cannonball and Adrian blocks comprise approximately 3,848.03 hectares within the broader 56-claim, 8,679.72-hectare consolidated Cannonball Project. Historical work identified the Joy-Cannonball, Adrian Vein and Juice Box targets, but the current NI 43-101 confirms that no mineral resources or mineral reserves have been estimated. The independent David Dupre report announced May 28, 2026 describes additional magnetic/structural and alteration targets identified through magnetic compilation and World View-3 mapping, including the Stu Prospect. Historic samples defining the new target areas have not yet been verified by Goldrea. Systematic verification sampling and an airborne MT survey are recommended at a cost of $1,280,000; management is reviewing funding options for the 2026 field season.
- Country
- Canada
- Commodity
- Au
- Stage
- Exploration