Goldeye Announces Renewal of Exploration Agreement With Sandy Lake First Nation and Provides Corporate Update

Goldeye Explorations Engages CHF Investor Relations

Goldeye and Sandy Lake First Nation Sign Letter of Intent

Goldeye Appoints Roland Horst 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 RvG4Zones) are 500 metres apart and on strike
  • Excellent relationship with Sandy Lake First Nation
  • Close to existing infrastructure

Goldeye Explorations Limited is an Ontario-based, gold/silver-focused exploration company. Goldeye`s flagship property is the 363-claim unit, ~6,000 hectare, Weebigee (pronounced WEE-be-GEE) project, located near Sandy Lake, 227 km north of Red Lake, in Northwestern Ontario.

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

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.