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Chile (Sonia-Puma) | Ontario ( Tyrrell | Boyer Lake | Gold Rock | Sandy Lake | McFaulds Lake ) | British Columbia ( Todd Creek)
Goldeye Explorations Limited
27 Blue Spruce Lane, Thornhill, ON, L3T 3W8, Canada
May 9, 2005
TSX trade symbol: GGY
Goldeye has received results from a 3D IP/resistivity modeling program on its Hydro Creek drill hole IP survey and Cigar Lake surface IP survey. The Hydro Creek model confirms definition of the shallow LaCarte North Zone and pear shaped main zone (G-23 6.5m/6.5g/t Au) that plunges steeply to the southeast from surface to 400m depth. Knowing the shape and plunge of the mineralized zone, management can now plan a drill program to test plunge extension.
Inversion results from the Cigar Lake grid confirm the interpreted folding of the chargeability/ resistivity anomaly. A trenching program to test possible shallow zones of the target will commence on May 10, 2005.
Lithochemistry results from southwest Tyrrell Twp. indicate highly anomalous copper values beside strong electromagnetic conductors associated with felsic volcanics and an iron formation. A magnetometer and horizontal loop survey has commenced.
Other programs in Fawcett Twp. NE Ontario and on the Sonia vein in central Chile are in various stages of being implemented.
Gerald Harron, P. Eng., is the qualified person responsible for the technical information contained in this release.
Goldeye is a Canadian exploration company with projects in Region V of central Chile, Northwestern Ontario (Sandy Lake, Gold Rock) and Northeastern Ontario (Fawcett and Tyrrell Twp.)
For further information please contact Blaine Webster, C.E.O. and President at (905) 731 9367, Fax (905) 731 9312. Goldeye’s web-site address is http:www:pathcom.com/~goldeye.
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.