Goldeye Explorations Limited
TSX VENTURE : GGY

Goldeye Explorations Limited

November 29, 2011 09:15 ET

Goldeye Stakes Additional Ground in Manitou Lake Area Reaching a Total of 55 Sq. Km in Gold Rock Mining Camp

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2011) - Goldeye (TSX VENTURE:GGY) is pleased to announce that the staking of 24 claims containing 290 units covering 47 square kilometers has been completed in the historical Gold Rock Mining Camp located approximately 50 kilometers southwest of Dryden, Ontario. The claims cover a 10 kilometre long section of the greenstone belt hosting the majority of the past gold producers and gold occurrences in the area. The gold deposits and occurrences are spatially/closely related to the regional Manitou Straits Fault which also traverses the Goldeye ground. The Goldeye claim block is located between and adjoining the Gaffney Extension property of Manitou Gold to the south and the Harper Lake, Mosher Bay and Big Master properties of Manitou Gold to the north.

Recent drilling by Manitou Gold has returned several significant gold intersections on the Gaffney Extension and the Big Master properties.

Goldeye also owns 13 claims totaling 832 hectares adjoining the north boundary of the Big Master property with Goldeye now owning 55 square kilometers of mining claims in the Gold Rock area.

ABOUT GOLDEYE

Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining (Canada and Chile). Goldeye's approach is to advance precious metal deposits to the development stage, employing, in part, technically advanced geophysical techniques and occasionally joint venture funding. The qualified person (within the meaning of National Instrument 43-101) who read and approved this press release for Goldeye is Jorma Hannila P.Geo and C.E.O. of Goldeye.

On behalf of the board of directors of Goldeye Explorations Limited

Jorma Hannila, P.Geo., Chief Executive Officer

Forward Looking Statements:

This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. The Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Goldeye Explorations Limited
    Jorma Hannila, P.Geo.
    Chief Executive Officer
    905-886-2538