Goldeye Completes 23 Hole (2217 m) Drill Program at Weebigee

Goldeye Explorations Limited (TSX VENTURE:GGY) is pleased to provide an update
on its Weebigee Project near Sandy Lake, Northwestern Ontario.


Goldeye has completed the winter drilling program, drilling 23 holes for a total
of 2217 metres. The drill has now been shut down and additional supplies,
including fuel and core boxes, have been mobilized into Sandy Lake prior to the
closing of the winter road. Minotaur Drilling Inc. has left its drill in Sandy
Lake and Goldeye anticipates that drilling will re-commence in May after
break-up. 


Goldeye continues to compile assay results and project data and will soon
release a comprehensive update with new assays, plan maps, drill sections and
drill data made available at www.goldeye.ca.


Blaine Webster, President and CEO, comments: "The results to date have confirmed
the high grade gold potential at Weebigee. We can now see this project gaining
momentum, and anticipate a significant amount of drilling ahead of us to move
the Knoll Zone to the next level. We will also use our understanding of controls
on gold mineralization to examine a number of other nearby showings that have
received little to no drilling, similar to Knoll at the start of this year.


This region of Northwestern Ontario has been historically favourable for the
development of large gold deposits such as Red Lake and Opapimiskan Lake
(Musselwhite). While our focus will remain on drilling in the NW Arm,
specifically at Knoll and the newly discovered RvG4, there are numerous other
gold and base metal targets which make Weebigee a project with tremendous
blue-sky potential."


Goldeye is also pleased to announce that in recent Band Council elections, held
in Sandy Lake on March 31, Chief Bart Meekis, Deputy Chief Robert Kakegamic, and
six of eight Band Councillors were re-elected for a 2-year term. 


Blaine Webster comments: "Goldeye wishes to congratulate Chief Bart Meekis and
Deputy Chief Robert Kakegamic on their recent re-election. We would also like to
congratulate the six Councillors who were re-elected and the two new Councillors
who will be joining Council. We look forward to continuing to work with Chief
Meekis, Council and the people of Sandy Lake First Nation to advance the
Weebigee project in a mutually beneficial manner."


Goldeye will be exhibiting at the 2014 Northwestern Ontario Mines & Minerals
Symposium being held in Thunder Bay April 8-9 at the Valhalla Inn. On April 9,
at 3:20 PM, Blaine Webster will be giving a talk entitled: "Goldeye's Weebigee
Project: A High-Grade Gold Discovery at Sandy Lake, Ontario". For more
information please visit the Ontario Prospectors Association website at
www.ontarioprospectors.com


On behalf of the Board of Directors,

Blaine Webster, P.Geo.

President and CEO

The contents of this news release have been reviewed and approved by David R.
Jamieson, P.Geo., Senior Technical Advisor for Goldeye, and Blaine Webster,
President and CEO of Goldeye, both of whom are qualified persons as defined in
NI 43-101. 


About the Weebigee Project

Goldeye's 100% owned Weebigee Project is located 227 kilometres north of Red
Lake in Northwestern Ontario and is comprised of 363 claims totaling
approximately 6000 hectares. The NW Arm claim block covers approximately 20% of
the total project area and hosts the highest density of gold showings in the
Sandy Lake Greenstone Belt. 


The project is adjacent to Sandy Lake First Nation (population approx. 3000)
which has excellent infrastructure including an airport with daily direct
flights to Winnipeg, Red Lake and Sioux Lookout and winter road connection to
Red Lake. All weather access roads are located within one kilometre of the
Knoll, Bernadette and RvG4 areas. Goldeye recently signed a comprehensive
Exploration Agreement with Sandy Lake First Nation and is pleased to have a
strong, mutually beneficial relationship with the people of Sandy Lake First
Nation.


About Goldeye

Goldeye is a Canadian gold-focused exploration company with properties in
mineral rich, politically secure jurisdictions having long traditions of mining.
Weebigee is Goldeye's flagship project in Canada. Goldeye also holds a 24.5%
interest in the Todd Property in British Columbia's Golden Triangle, a 100%
interest in the Gold Rock and West Shining Tree properties in Ontario, and
additional claims in Tyrrell Twp. In Chile, Goldeye owns 100% of the Sonia-Puma
property located 180 km north of Santiago. 


Additional information can be found at www.goldeye.ca.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking information which is not comprised of
historical facts. Forward-looking information involves risks, uncertainties and
other factors that could cause actual events, results, performance, prospects
and opportunities to differ materially from those expressed or implied by such
forward-looking information. Such statements include the following: "Goldeye
anticipates that drilling will re-commence in May after break-up", "Goldeye
continues to compile assay results and project data and will soon release a
comprehensive update with new assays, plan maps, drill sections and drill data
made available at www.goldeye.ca", "We can now see this project gaining
momentum, and anticipate a significant amount of drilling ahead of us to move
the Knoll Zone to the next level. We will also use our understanding of controls
on gold mineralization to examine a number of other nearby showings that have
received little to no drilling, similar to Knoll at the start of this year."
"Goldeye will be exhibiting at the 2014 Northwestern Ontario Mines & Minerals
Symposium being held in Thunder Bay April 8-9 at the Valhalla Inn. On April 9,
at 3:20 PM, Blaine Webster will be giving a talk entitled: Goldeye's Weebigee
Project: A High-Grade Gold Discovery at Sandy Lake, Ontario." For more
information Although the Company believes that the assumptions and factors used
in preparing the forward-looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can be given that
such events will occur in the disclosed time frames or at all. The Company
disclaims any intention or obligation to update or revise any forward-looking
information, whether as a result of new information, future events or otherwise,
other than as required by law.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldeye Explorations Limited
Blaine Webster, P. Geo.
President and CEO
416-315-9708
bwebster@goldeye.ca


Goldeye Explorations Limited
Robin Luke Webster
Manager, Corporate Affairs and Community Relations
416-877-6389
rwebster@goldeye.ca
www.goldeye.ca
Goldeye Explorations (TSXV:GGY)
過去株価チャート
から 5 2024 まで 6 2024