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Tyrrell property page
Goldeye Explorations Limited
27 Blue Spruce Lane, Thornhill, ON, L3T 3W8, Canada
October 6, 1998
CDN trade symbol: GEYE
Shares issued: 5,367,593 • Fully Diluted: 8,667,693
(Toronto, Ontario) The Goldeye Investors Information meeting on September 30th was well attended. During the meeting the Chief Executive Officer and President updated investors on Tyrrell Township property activities and results, using polished assayed core samples, maps and sections. Assays from holes 98-7 and 98-8 reported assays of 6g/t/0.6m gold with 10.5 g/t/0.9 (98-7) and 2.1g/t/7m including 3.3g/t/4m and 5.9g/t/1.4m (98-8) respectively on the BIG DOME. The location of this drillhole indicates the gold-bearing potential of the structure over a 1.5 km strike length (untested to the east).
At the meeting, The Honourable Chris Hodgson, Minister of Northern Development and Mines was presented with a plaque, by the Gowganda Exploration Association, to acknowledge Government of Ontario initiatives in the Gowganda area. In 1990 and 1996 the Gowganda area was released from the Temagami Land caution, and an intense staking rush ensued. In presenting the commemorative plaque to the Minister, Mr. Robert Cudney, President of Northfield Capital, noted that “after a 20 year gap in exploration activity, the re-opening of the lands for exploration and the ongoing rehabilitation of Highway 560 are encouraging developments that may significantly improve the economy of the Gowganda-Shining Tree area”. Residents of Gowganda are also pleased to see exploration activities returning to the area after a long hiatus.
A highlight of the meeting was the Minister’s comments regarding the reopening of the Bed of Lake Temagami and Skyline Reserve to staking and prospecting on October 27,1998.
The Gowganda Exploration Association is a newly formed non-profit organization created to focus the view of its membership. Current members include major, intermediate and junior mining companies, individual prospectors, local suppliers and consultants. Membership in this organization is of interest to companies and individuals interested in the development of the mineral resources of the area. The interim president of the Gowganda Exploration Association is Blaine Webster, telephone (905) 731 0972 Fax (905) 731 9312.
Goldeye Explorations Limited is a Canadian junior exploration company using state-of-the-art exploration technology on its four active projects in Ontario, Canada: the Shining Tree Tyrrell Township property, the Gold Rock project, the Sandy Lake project and the Maisonville project.