Goldeye Explorations Limited Announces Transfer of Shares in Its Chilean Subsidiary

Goldeye Announces Appointment of Harvey Kakegamic to Advisory Board

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

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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
  • Option agreement with GPM Metals: a clear path for advancement

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.