Goldeye Explorations Limited

Goldeye Explorations Limited

December 13, 2007 13:33 ET

Goldeye Options Additional Claim in Tyrrell Township Project

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) - Goldeye (TSX VENTURE:GGY) is pleased to announce that it has signed an option agreement on December 10, 2007 to acquire one unpatented mining claim to augment its land position in its Tyrrell Township project in the Larder Lake Mining Division, Ontario. Goldeye can acquire a 100% interest from the arm's length optionor by making a cash payment of $2,500 and delivering 50,000 common shares of Goldeye, subject to the acceptance and requirements of the TSX Venture Exchange, including a four month hold period. The agreement reserves a 2% net smelter return royalty with respect to metals or a 2% gross overriding royalty with respect to diamonds or other precious stones from the claim in favour of the optionor. This option deal brings Goldeye's holdings in the Tyrrell area to 208 claim units covering 3328 hectares. A 40% interest is held in an additional 134 claim units covering 2,144 hectares representing a Joint Venture with Temex Resources Corp. The Tyrrell project is situated 90 kilometres south of Timmins, Ontario.

Goldeye is a Canadian mineral exploration company acquiring, exploring and advancing properties in Canada and Chile.

Shares issued prior to this private placement: 73,756,986

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
    Blaine Webster
    C.E.O. and President
    (905) 886-2538
    (905) 886-8210 (FAX)