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Chile (Sonia-Puma) | Ontario ( Tyrrell | Boyer Lake | Gold Rock | Sandy Lake | McFaulds Lake ) | British Columbia ( Todd Creek)
Goldeye Explorations Limited
105 West Beaver Creek Rd., Suite 5A, Richmond Hill, ON, L4B 1C6, Canada
For Immediate Release TSX Venture Exchange Symbol GGY Shares Issued: 85,656,228
GOLDEYE - Diamond Drill Hole H-33 Intersects 4 g /t Au over 17.5 m and hole H-34 intersects 2.59 g/t Au over 29.4 m at Hydro Creek Tyrrell Twp., N. Ontario
February 17, 2009 - Toronto, Canada - Goldeye Explorations Limited ("Goldeye") is pleased to announce the most recent results obtained on its Tyrrell Township drill program.
Hydro Creek (1.5 km west of the Big Dome)
DH H-33 intersected 4 g/t Au over 17.5 m from 5.0 m to 22.5 m including 0.5m of
10.5 g/t Au. This drill hole was designed to test the LaCarte North Zone gold
grade when drilled from the North (AZ 205 ). A second hole on LaCarte North
Zone, H-34, was drilled to the north (AZ 25 ) and intersected 13 m of 3.91 g/t
Au (21.0-34.0 m) indicating that the LaCarte North Zone is plunging to the west
and is open. From 32.5 m to 33.0 m H-34 assayed 9.15 g/t Au and a 2 mm piece of
visible gold was observed. Hole H-34 assayed 2.59 g/t Au / 29.4 m (from 10 to
39.4 m deep) including an interval of 1.04 g/t Au over 6.8 m. In the interval
from 21m to 34m, 57% of the assays are over 3 g/t Au. All assays over 3 g/t Au
in the program are being re-assayed by screened metallics, the method of choice
for dealing with coarse-grained visible gold mineralization. Also, the zone
occurs in mafic volcanics and it is intensely altered (sulphidized (2-5%
pyrite), silicified, carbonatized) and intensely fractured.
H-34 was an over cut of hole H-03-06 that intersected 12.5 m of 5.81 g/t Au. (See www.goldeye.ca for pictures of the H-34 core with sulphides and quartz in altered basalt.
Table includes current results and 2003* assays
|
Drill Hole, Station, Section, Dip Azimuth and Depth |
Intersection |
Width |
Grade
|
Comments |
|
H-33 |
5.0
m – 22.5 m (16.4 ft –73.82 ft)
|
17.5
m (57.4 ft) |
4
g/t Au |
As
for H-34 |
|
H-34 |
10.0
m – 39.4 m |
29.4
m (96.5 ft) |
2.59
g/t Au |
LaCarte
North Zone Intensely
altered (sulphidized mafic volcanics,silicified, carbonatized), intensely
fractured, Metallic screened assays being done Includes
13m 3.9g/t Au |
|
H-5* |
32
m – 55.6 m |
23.6
m (77.4 ft) |
2.3g/t
Au (0.068
opt) previously
reported |
As
for H-34 Includes
6.7 m of 5.2 g/t Au |
|
H-6* |
44.4
m – 72.2 m |
27.8
m (91.2 ft) |
2.3
g/t Au (0.068
opt) previously.
reported |
As
for H-34 Includes
12.5 m of 5.81 g/t Au |
The existence of both the Hydro Creek and Big Dome gold zones within a 5 km long section of the TSZ (Tyrrell Shear Zone) on the property illustrates the potential of the TSZ to host additional gold mineralization in the entire length of the TSZ on the Goldeye property. Previously reported Hole G-17 located 1 km east of the Big Dome intersected 7.8m of 0.57g/t Au and should be followed up. Less than 1.5 km of the 5 km Tyrrell Shear Zone on the Goldeye property has been drill tested, suggesting excellent potential for the discovery of additional high-grade gold mineralization.
The program's design, and quality assurance is under the control of Gerald Harron P Eng. The diamond drill holes completed were recommended in a December 2007 NI 43-101 report by Strathcona Mineral Services (Dr. Reinhard Von Guttenberg, P. Geo.). The drill core samples are cut with a saw, with one-half sent for analyses and the other half archived. The samples are shipped to Swastika Laboratories of Swastika, Ontario and analyzed using standard fire assay techniques and a screened metallic assay method when appropriate. For Q/A purposes, Goldeye submits one standard and one blank sample in every batch of 20 samples. The lab also repeats assays and submits standards as part of an internal QA/QC program. Results to date indicate acceptable precision and a lack of inter-sample contamination. The pulps and rejects are stored in Goldeye's facilities for future reference.
Goldeye has three other high potential gold properties: 1) Sandy Lake, NW Ontario,2) Todd, NW B.C. (50% Goldeye) and 3) The Sonia project in central Chile. Goldeye has been advancing these projects over the past several years and they are all drill ready.
For further information on Goldeye, please contact Blaine Webster, CEO, (905) 731- 9367.
Forward-Looking Statements
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations or projections. Accordingly, readers should not place undue reliance on forward-looking statements. For a more detailed discussions of such risks and other factors, refer to Goldeye Explorations Limited's filings with Canadian securities regulators available on www.sedar.com or the Company's website.
The Toronto Stock Exchange Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release and the information contained herein.
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