Category: Uncategorized
- Published: 29 November -0001
News Release: Goldeye Explorations (GGY.V) Tyrrell Twp. Hole H-03-06 Intersects 12.5m of 5.81 g/t Au Including 9.4m of 7.24 g/t Au at Lacarte North Zone
Goldeye is pleased to announce the results of drill holes (x)H-03-4 (part), (x)H-03-5, (x)H-03-6, (x)H-03-7, and (x)H-03-8. Hole H-03-06 intersected 12.5m of 5.81 g/t Au including 9.4m of 7.24 g/t Au; this was an undercut of hole H-03-05 that intersected 6.7m of 5.42 g/t Au. Holes H-03-05 and -06 indicate the mineralization is open to the west and to depth. H-03-07 intersected 17.1m of 3.1 g/t Au beneath a channel sample that assayed 5.79 g/t Au over 21m. All significant intersections will be re-assayed by the screened metallics assayed method. A 700 meter long Spectral IP anomaly coincident with the mineralization and extending to the west indicates further drilling is warranted. Two nearby Spectral IP anomalies may also be indicative of gold mineralization. The recently completed drill program on Goldeye's Tyrrell Township property, located 95 km south of Timmins consistsed of 13 holes totaling 1574 meters. The Lacarte north zone targeted by JVX Ltd.'s Spectral IP was tested with 10 holes. Two holes (at -45 degrees and -65 degrees at an azimuth of 25 degrees) were drilled from each set up on four sections (105+75E, 106+00E, 106+25E, 106+50E) with only one hole drilled at-45 degrees on sections 105+87.5E and 106+12.5E. The -45 degrees angle holes were 90 -130 meters deep and the -65 degrees holes were 110 to 140 meters deep.
Ten of the 12 holes intersected the targeted carbonatized zone with altered basalts and komatiites and an adjacent mineralized zone in highly altered brecciated felsic tuff/sediment.
The following is a summary of assays received.
Note: Holes H-03-1 to H-03-10 are on the LaCarte North zone. Holes H-03-11 to H-03-13 were drilled in the vicinity of drill hole HC-02 on section 10500E that intersected(8.3 g/t Au/4.3m and 2.5g/t Au/ 22.5m). Holes G-03-18 and G-03-19 were drilled 25 meters on either side of historical hole GE-05 on section 10850E 3.4 g/t Au/7.4m.
-----------------------------------------------------------------------
Hole # Collar Intersection Width Grade Comments
Location
-----------------------------------------------------------------------
H-3-01 9970N/ 30m to 33m 3m 6.74g/tAu Altered Felsic
10618E @ including Volcanics, 1-3%
-47(a)/ 16.85g/t Au/1m Pyrite
AZ 40(a) +narrow qtz. veins
-----------------------------------------------------------------------
H-3-02 9970N/ 36.3m to 45.2m 8.9m 2.11g/tAu Altered Felsic
10618E @ including Volcanics
-65(a)/ 4.2g/t Au/2m
AZ 40(a)
-----------------------------------------------------------------------
H-3-03 9969N/ 5.9m-8.0m. 2.1m 7.72g/tAu Altered Felsic
10600E @ including Volcanics, 0.5
-47(a)/ 11.50g/t Au/1.0m to 15% Pyrite
AZ 25(a)
-----------------------------------------------------------------------
H-3-03 9969N/ 48.8m to 53.3m 4.5m 3.68g/t Au Altered Basalt,
10600E @ 1-3% Pyrite
-47(a)/
AZ 25(a)
-----------------------------------------------------------------------
H-3-04 9969N/ 7.4m to 13.7m 6.3m 4.96g/t Au Altered Felsic
10600E @ including Volcanics, 0.5
-65(a)/ to 10% Pyrite
AZ 25(a) 11.00g/tAu/1.35m
-----------------------------------------------------------------------
(x)H-3-04 9969N/ 48.1m to 51m 2.9m 1.4 g/t Au Altered Felsic
10600E @ volcanics, 2-3%
-65(a)/ Pyrite
AZ 25(a)
-----------------------------------------------------------------------
(x)H-3-04 9969N/ 66m to 69m 3m 2.06g/t Au Altered Deformed
10600E @ mafic volcanics,
-65(a)/ 0.5 to 2% Pyrite
AZ 25(a)
-----------------------------------------------------------------------
(x)H-3-05 9982N/ 38.7m-48.6 9.9m 4.54 g/t Au Altered Pyritized
10575E @ mafic volcanic
-45(a)/ + pyritic qtz.
AZ 25(a) stockwork
-----------------------------------------------------------------------
(x)H-3-06 9982N/ 49.5m-58.9m 9.4m 7.24 g/t Au Pyritized mafic
10575E @ including volcanics with
-65(a)/ 36.8 g/t Au/1m narrow quartz
AZ 25(a) veins from 53.7m
to 58.5m
-----------------------------------------------------------------------
(x)H-3-07 9975N/ 43.0m -56.0m 13m 3.05 g/t Au 1-3% Pyrite +
10587E @ or minor qtz.
veining.
-46.5(a)/ 39.0 to 56.0m 17m 2.69g/t Au Correlates with
AZ 25(a) LaCarte North
Zone in altered
mafic volcanics.
-----------------------------------------------------------------------
(x)H-3-08 9975N/ 34.0-35.9m 1.9m 4.40 g/t Au 1% Pyrite in
10612EN @ altered Mafic
-44(a) Volcanics
AZ 25(a)
-----------------------------------------------------------------------
H-3-09 9965N/ 27.0m-31.0m 4.0m 2.45g/t Au 1%-3% Pyrite in
10650EN @ incl. 28m -29m 1.0m 4.40g/t Au altered mafic
-44(a) 59.5m - 62m 2.5m 1.48g/t Au py and qtz. Veins
AZ 25(a) 70.5 - 75.7 5.2m 1.63g/t Au in altered
trachyte
-----------------------------------------------------------------------
H-3-10 9965N/ 31m-39.2m 6.2m 1.37g/t Au 1% Pyrite in
10650EN @ 33.5m - 34.5m 1.0m 3.43g/t Au altered felsic
-65(a) volcanics
AZ 25(a)
-----------------------------------------------------------------------
H-3-11 9833N/ Most of target
10475E @ zone was dyked
-56(a) out by a diabase
AZ 25(a) dyke.
70.05 -72.0m 1.95m 3.50g/t Au Altered mafic
volcanicat south
side of Tyrrell
shear zone
-----------------------------------------------------------------------
H-3-12 9833N/ Most of target
10475E @ zone was dyked
-67(a) out by a diabase
AZ 25(a) dyke.
63.0 - 64.4m 1.4m 3.10g/t Au Altered fels
volc/sed.With 1%
ppy on south TSZ.
-----------------------------------------------------------------------
H-3-13 9872N/ 112.3m-114.4m 2.1m 2.45g/t Au Altered felsic
10825E @ 142.5m-143.5m 1.0m 4.32g/t Au volc./sed with 2%
-45(a) including 0.5m 11.35g/t Au pyrite in Tyrrell
AZ 25(a) shear zone TSZ
-----------------------------------------------------------------------
G-3-18 9803N/ 54.0m -60.0m 6.0m 5.15g/t Au Altered deformed
10825E @ including 1.0m 14.73g/t Au intermediate tuff
-45(a) or feldspar
AZ 25(a) porpyhry sill with
0.55 to 2%py.
Correlates with
mineralization in
GE-05
-----------------------------------------------------------------------
G-3-19 9861N/ 53.5 -55.5m 2.0m Altered
10875E @ intermediate
45(a) volcanic feldspar
AZ 25(a) porphyry intrusive
with 0.5 to 1%
pyrite GE-05
-----------------------------------------------------------------------
(a) Denoted measurement is in degrees
A 4,000 meter drill program is schedules to start in January 15, 2004 to test Spectral IP anomalies at the Lacarte North Zone, the Hydro Creek area, the Big Dome (1.5km along strike to the east of the Lacarte North Zone; 149 g/t Au over 1.4m) and in the vicinity of historical hole HC-23 (4.28g/t Au/11.9m).
A program of drillhole Spectral IP is also planned to locate extensions of the intersected mineralized zones to optimize deep drill holes. The samples are being sent to Activation Laboratories of Ancaster, Ontario for analysis.
A plan of the drill holes is available on the Goldeye website.
G. Harron P. Eng is the qualified person on this project.
Shares Outstanding 17,325,180
Goldeye Explorations Limited Blaine Webster Chairman and C.E.O. (905) 731 9367 (905) 731 9312 (FAX) Goldeyes web-site address is http:www.pathcom.com/(b)goldeye (b) Denotes the use of the tilde symbol
NEWS RELEASE TRANSMITTED BY CCNMatthews The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
WEBSITE This email address is being protected from spambots. You need JavaScript enabled to view it.
