GPM Metals Inc. and Goldeye Explorations Limited Announce Signing of Earn-in Option Agreement for the Weebigee Gold Project, Sandy Lake, Ontario

Visit Goldeye @ PDAC 2015

Goldeye Announces Completion of Private Placement and Grant of Options

Goldeye Appoints Russell Kakepetum to Board of Directors

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Company Highlights
  • Key Project: Weebigee, located near Sandy Lake, Ontario
  • Proximal to giant gold deposits (Red Lake, Musselwhite)
  • Two new high-grade discoveries in Northwest Arm (Knoll and RvG4 Zones) are 500 metres apart and on strike
  • Excellent relationship with Sandy Lake First Nation
  • Close to existing infrastructure

Goldeye Explorations Limited is a Canadian junior exploration company focused on advancing its flagship Weebigee (pronounced WEE-be-GEE) project, located near Sandy Lake in Northwestern Ontario.

Recent drilling at Weebigee (23 holes totaling 2,219 metres) confirmed the presence of significant high-grade gold mineralization in the Northwest Arm claim block. Highlights included: 12.86 g/t Au over 6.85 metres core length in hole BK-14-03 (Bernadette Zone), 12.45 g/t Au over 3.5 metres core length in hole BK-14-05 (Knoll Zone), and 23.15 g/t Au over 3.97 metres core length in hole BK-14-18 (RvG4 Zone). Visible gold was noted in 50% of the drill holes. The Northwest 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.

In November 2013, Goldeye and Sandy Lake First Nation signed a comprehensive Exploration Agreement in regards to the project. Goldeye is pleased to have a strong, mutually beneficial relationship with the people of Sandy Lake First Nation.