TORONTO, ONTARIO--(Marketwire - Oct. 14, 2011) - Goldeye (TSX VENTURE:GGY) is pleased to announce that geological crews have been mobilized to its 100% owned Gold Rock property located approximately 50 kilometres SW of Dryden in the historical Gold Rock Mining Camp.
The Gold Rock property comprises 13 claims totaling 832 hectares.
The crews will carry out additional sampling and geological mapping in areas where previous work by Goldeye has outlined untested high priority spectral IP anomalies with coincident anomalous gold values.
The south boundary of the Gold Rock property lies approximately 1 kilometre north of Borehole KW 11-26 in which Manitou Gold intersected 53,700 g/t Au over 0.55 metres within an overall intersection of 8.5 metres of 3,497 g/t Au.
http://agoracom.com/ir/ManitouGold
Follow up drilling has intersected the same mineralized structure in several holes with the best being KW-11-46 grading 26.9 g/t Au over 9.0 metres. The rock units hosting the Manitou Gold intersection are interpreted to occur and continue north on the Goldeye ground. The past producing Laurentian deposit is 500 metres south of the Goldeye claim block.
ABOUT GOLDEYE
Goldeye is a Canadian gold-focused exploration company with properties in mineral rich, politically secure jurisdictions with long traditions of mining (Canada and Chile). Goldeye's approach is to advance precious metal deposits to the development stage, employing, in part, technically advanced geophysical techniques and occasionally joint venture funding. The qualified person (within the meaning of National Instrument 43-101) who read and approved this press release for Goldeye is Jorma Hannila P.Geo, CEO of Goldeye.
Forward Looking Statements:
This news release includes certain "forward-looking statements". Such forward-looking statements involve risks and uncertainties. The results or events predicted in these forward-looking statements may differ materially from actual results or events. The Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
