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Chile (Sonia-Puma) | Ontario ( Tyrrell | Boyer Lake | Gold Rock | Sandy Lake | McFaulds Lake ) | British Columbia ( Todd Creek)

Last updated August 26, 2010

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TYRRELL TWP. (200 claim units 100% owned Project)

Tyrrell Twp. is located 90 km south of Timmins and 90 km southwest of Kirkland Lake, in a triangle containing two of the largest gold mining camps in North America. The property is accessible by paved and gravel roads. Goldeye staked the property in 1990 during the opening of the Temagami Land Caution.

Hydro Creek Zone

The property was optioned in 1994 to Haddington Resources, a Pezim company that discovered the Hydro Creek “Main Zone” in 1995 when drill hole HC-23 intersected 14 m of 4.28 g/t Au including 7.5 m of 6.43 g/t Au. Other holes near H-23 include: GE-24 with 12.2 m of 3.38 g/t Au; GE-25 2.8 m of 9.09 g/t Au; G-98-02 6.9 m of 2.91 g/t Au. In the present drill program, a drillhole has undercut HC-23 and intersected 60 m of the favourable lithology.

After discovering the North LaCarte zone in 2002, a trenching program obtained a saw cut sample that assayed 5.7 g/t Au over 17 m. Hole H-06 drilling under the sawcut intersected 7.24 g/t Au over 9.4 m.

Based on current results the Main Zone could contain 1.2 MT in a volume of rock measuring 300 m long by 250 m deep  by 6 m wide. The drilling to date indicates the mineralization could be between 3 and 6 g/t Au, though we believe there is more gold than indicated by drilling because flat veins can carry high amounts of gold which are difficult to sample by drilling. The reliability of the gold grades from drilling could be tested by bulk sampling on the LaCarte North zone a possibility being studied in conjunction with an updated resource calculation.

The Big Dome Zone 

The Big Dome is located 1.3 km to the southeast of Hydro Creek and is a new zone of mineralization discovered by Goldeye in 1998.

Drill holes have discovered the following mineralization on the Big Dome:

The lithology hosting the high grade gold mineralization in hole G-05-22 has been intersected in holes G-98-08 and G-98-12 giving a strike length of 600 m of  favourable gold bearing lithology.

Inversions on drill hole IP data indicate the zones are thick and well mineralized.

The high grade and wide intersections of low grade gold in favourable geology indicate a significant gold system that requires further drilling.

 

GOLDEYE’S OTHER PROJECTS:

Latest news concerning Goldeye's Todd Creek Copper-Gold Project; read more on our other news page.

Please feel free to download our latest Tyrrell presentation, March 2010.

Breeze Lake Area Core sample pictures & British Columbia - Todd Creek Project

 

SANDY LAKE (315 CLAIM UNITS) 100% OWNED:

Goldeye staked this property in 1986. A 43-101 report by Strathcona Resources states:

The Goldeye property covers the portion of the Sandy Lake greenstone belt with the most promising geology for gold and base metal deposits. It presents a unique situation for exploration due to its favourable geology, the high incidence of gold occurrences in the Northwest Arm, and the small amount of work done – particularly drilling – since gold was first discovered in the 1930’s. Since much of the greenstone belt is covered by the shallow lake, drilling is the most important tool to assess its geology and follow-up on geophysical anomalies.

The Northwest Arm of Sandy Lake hosts the largest concentration of gold occurrences in the greenstone belt, and its geology and alteration patterns have similarities with those of gold mines in the Red Lake area. 

Drilling at the Bernadette in 1987 showing intersected narrow veins 0.5 ft thick grading 0.8 opt Au.

 

SONIA PROPERTY CHILE 69 Sq km

The property is located 180 km north of Santiago Chile and was acquired in 2004. The northeast striking Sonia vein system has been traced for a strike length of 3 km and veins occur over a zone width of about 700 m. Surface sampling in the exposed northern part of the Sonia vein gave 7.75 g/t Au and 218 g/t Ag across 5 m and 0.84 g/t Au and 284 g/t Ag across 11 m. Three other vein systems occur on the property that also warrant further exploration.

Sonia presentation

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