Goldeye Drilling Results Confirm Grade and Improve on Widths of Surface Zones at Weebigee Project
TSX Venture Exchange Symbol: GGY
Toronto, Canada, March 5, 2014 – Goldeye Explorations Limited (TSX VENTURE:GGY) is pleased to provide initial drill results at its Weebigee Project north of Red Lake in the Sandy Lake greenstone belt. Final assay certificates have been received for holes BK14-01 to BK14-03 and BK14-5 to BK14-07. Highlights of assay results (core intercepts) include:
| BK14-03 | 12.86 g/t over 6.85 metres (core length; uncut) | |||
| including | 230.00 g/t over 0.35 metres | |||
| and | 7.74 g/t over 0.40 metres | |||
| and | 10.20 g/t over 0.40 metres | |||
| BK14-05 | 12.45 g/t over 3.50 metres (core length) | |||
| BK14-07 | 12.17 g/t over 2.05 metres (estimated true thickness) | |||
Drilling during the current program has identified significant gold mineralization within intensely altered quartz-biotite rich felsic volcanics. At Knoll, zoned alteration consisting of outer biotite and inner silica-carbonate-sericite assemblages host gold-bearing multiphase quartz flooding and quartz tourmaline veining. Sulphide assemblages range from pyrite dominant, to pyrrhotite-chalcopyrite dominant. Arsenopyrite is a very minor sulphide phase, occurring locally as very fine needles associated with grey, pervasive quartz flooding.
At Bernadette, crack and seal style quartz veins returned significant gold values (drill hole BK14-03). Silica-carbonate bleaching styles of alteration are restricted to relatively narrow haloes, or are entirely absent around each discrete vein. It is now apparent that selective sampling at Bernadette could easily miss significant gold mineralization.
Drill crews are expected back on site by March 10 and drilling will likely continue until the end of March. Assay results from drill holes BK12-08 to BK14-18 are expected by mid March.
Blaine Webster, President and CEO, states, “These initial drill results are showing very similar grades and improving widths compared to our field work results from 2013. The Knoll showing was tested by fans of three holes directly beneath the outcrops sampled this summer and each hole showed a thick (5-10 metres) package of strong to intense alteration/veining and highly anomalous gold mineralization enveloping the higher grade intercepts. Three of these holes (BK14-05, 06, and 07) are outlined in this release. We will continue to step the drill out along strike and to depth to explore the Knoll, Bernadette and RvG4 zones.”
Read more: http://www.goldeye.ca/pdf/Press%20Releases/Press%20Release%20-%202014-03-05%20Goldeye%20Drilling%20Results%20Confirm%20Grade%20and%20Improve%20on%20Widths%20of%20Surface%20Zones%20at%20Weebigee%20Project%20-%20Letterhead.pdf
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