Goldeye Mobilizes to Gold Rock Property; 1 kilometre north of MTU Borehole KW 1

Friendly Acquisition by Alamos Gold At a 100% Premium to Market

Supportred By Major Shareholders In Alamos and O3 Mining

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Highgrader

Rank: President [?]

Points: 24074 [?]

Votes: 176 Score: 3.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Goldeye Mobilizes to Gold Rock Property; 1 kilometre north of MTU Borehole KW 1

posted on Nov 07, 2011 10:57PM

Goldeye Mobilizes Crews to Gold Rock Property Adjacent to the Recent Manitou Gold Discovery

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.

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.