Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

January 30, 2008 08:01 ET

Goldeye Explorations and Tribute Minerals Increase Land Holdings In The James Bay Lowlands 'Ring of Fire'

TORONTO, ONTARIO--(Marketwire - Jan. 30, 2008) - The Goldeye Explorations Limited ("Goldeye") (TSX VENTURE:GGY) and Tribute Minerals Inc. ("Tribute") Joint Venture has increased its land holdings in the James Bay Lowlands 'Ring of Fire' region, where Noront Resources Ltd. has made a significant nickel, copper, gold, and platinum group mineral discovery. The JV land interests have now reached 24,000 acres.

Goldeye and Tribute are pleased to announce that they continue to expand their already significant land package in the 'Ring of Fire', most recently adding a further 16,000 acres to the previously announced 8,000 acres. Staking in the area continues as the JV focuses its efforts on an area with a significant structure exhibiting a 90degree flexure on the western end of the "Ring of Fire". Magnetic anomalies similar to that associated with the Double Eagle Ni/Cu/PGM discovery have been targeted within this flexure. The properties acquired are in the vicinity of, or contiguous with, MacDonald Mines' original MacNugget property.

Further information will be forthcoming in a timely manner as the companies follow the established protocol in the region.

Blaine R. Webster, P. Geo., President and CEO of Goldeye, and William S. Hamilton, P. Geo., geological consultant, are the qualified persons as defined by National Instrument 43-101 who supervised the preparation of the technical information contained in this release.

Shares Issued and Outstanding: 79,506,986

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Goldeye Explorations Limited
    B. Webster
    C.E.O and President
    (905) 886-2538
    (905) 886-8210 (FAX)
    Email: goldeye@goldeye.ca
    Website: www.goldeye.ca
    or
    Tribute Minerals
    (416) 368-2929