Goldeye Explorations Limited

Goldeye Explorations Limited

January 16, 2006 09:00 ET

Goldeye Begins Drilling 2 Properties in NE Ontario: 2,000m on Big Dome High Grade Gold Zones, Tyrrell Twp., and 300m in Fawcett Twp.

TORONTO, ONTARIO--(CCNMatthews - Jan. 13, 2006) - Goldeye (TSX VENTURE:GGY) announces that a 300m drill program has started in Fawcett Twp. on a strong 600m long IP anomaly located 2.5km SE of Ursa Major's Nickel deposit that recently returned assays of 0.98%Ni, 0.48% Cu / 39.4m. On completion of two holes in Fawcett the drill will move back to the Big Dome Zone located 13km to the northeast in Tyrrell Twp. where a 2000m drill program will take place to follow-up on three high grade intersections: 1.4m of 149g/t Au, 2.05m of 217 g/t Au, 2.09m of 80.7 g/t Au. The program is designed to outline the orientation, strike length and depth extent of the three High Grade gold veins discovered to date.

The Tyrrell project is located 90 km south of Timmins and consists of over 200 claim units owned 100% by Goldeye, a Canadian exploration company with projects in NE Ontario (Fawcett and Tyrrell Twps.), NW Ontario (Sandy Lake, Gold Rock) and Region V of central Chile. Gerald Harron, P. Eng. is the qualified person responsible for the technical information contained in this release.

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Contact Information

  • Goldeye Explorations Limited
    B. Webster
    C.E.O and President
    (905) 731-9367
    (905) 731-9312 (FAX)