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Goldeye Explorations Announces Results from NW Arm Claim Block of Weebigee Project

Goldeye Explorations Limited is pleased to announce results from the NW Arm claim block of the Weebigee Project.

Recent prospecting, mapping and channel sampling programs on five areas within the NW Arm claim block have returned numerous significant gold values.

Individual saw-cut channel sample results include:

  • 43.5 g/t Au over 0.28 metres BERNADETTE Area
  • 34.1 g/t Au over 0.35 metres KNOLL Area
  • 22.0 g/t Au over 0.3 metres KNOLL Area
  • 20.9 g/t Au over 0.25 metres KNOLL Area
  • 18.3 g/t Au over 0.25 metres KNOLL Area
  • 17.5 g/t Au over 0.4 metres WAVANO Area

Composite sample results (where sampling was continuous) include:

  • 25.5 g/t Au over 0.85 metres KNOLL
  • 13.4 g/t Au over 0.6 metres KNOLL
  • 18.28 g/t Au over 0.68 metres BERNADETTE
  • 7.72 g/t Au over 1.7 metres WAVANO, incl. 12.55 g/t Au over 0.9 metres

Generally, samples should be within 95% of true width of each structure sampled. Detailed mapping indicates mineralized structures are steeply dipping. A total of 155 samples were taken (154 channels and one grab) with gold values ranging from < 0.005 g/t Au to 43.5 g/t Au.

Blaine Webster, President and CEO of Goldeye, comments: "It is gratifying to see high-grade gold being confirmed over several showings in a wide area in the Northwest Arm. The alteration and gold mineralization at Knoll is much more extensive than we imagined going into this program. Goldeye plans to conduct a winter drill program to start characterizing the strength and size of this gold mineralized system.

We also have a high priority structure near these showings, under Sandy Lake. The Strathcona Report (Technical Report by R. von Guttenberg, 2003; available on SEDAR and www.goldeye.ca) states: 'a serpentinized ultramafic sill or flow in the ash-flow tuff traces a fold structure which is cut by a shear zone (Northwest Arm Shear Zone) under the Northwest Arm. The setting has similarities with those described from mines in the Red Lake district (e.g. Madsen-Starrat and the Goldcorp Red Lake mine).'"

Knoll Zone

The intensity and extent of strain, multiphase silicification, quartz veining and gold mineralization at the Knoll Zone provides a compelling exploration target. Alteration and anomalous gold values occur over a 25 metre width. There had been no previous systematic sampling of this zone. Of 80 samples cut at Knoll, 14 samples assayed > 2 g/t Au, 27 samples assayed > 1 g/t Au and only 4 assayed < 30 ppb Au. Five samples assayed greater than 8 g/t (see highlights). Previous chip sampling in the centre of the zone returned an assay of 11.7 g/t Au over 6 metres. Four holes drilled by Prospectors Airways in 1937 returned gold intersections up to 4.6 g/t Au over 5.7 metres core length (R. von Guttenberg, 2003). Only 90 metres of strike length was tested by historic drilling; 20 meters of strike length was exposed during this channel sampling program.

Wavano

Numerous folded and boudinaged quartz and quartz tourmaline veins are exposed 1.7 km northwest of the Knoll Zone at Wavano. Visible gold was observed in a tight double drag fold on the westernmost set of veins. Channel sampling confirmed a two metre wide zone of highly anomalous gold mineralization in this area that included assays of 17.5 g/t Au over 0.4 metres, 8.59 g/t Au over 0.5 metres, 2.54 g/t Au over 0.55 metres and 1.73 g/t Au over 0.25 metres.

Sandborn

Quartz-tourmaline veins and associated silicification occupy a narrow high strain zone 600 metres southwest of Wavano. A channel across the main vein at the shoreline returned 5.62 g/t Au over 0.3 metres.

Bernadette

This showing consists of a number of parallel quartz-tourmaline veins that have returned narrow high grade gold intersections in historic drilling and surface sampling. Gold values appear to be dominantly within the quartz-tourmaline veins, unlike the widespread values at Knoll, despite being only 100 m away. Channel sampling confirmed the presence of high-grade gold values, including 43.5 g/t Au over 0.28 metres, 16.1 g/t Au over 0.28 metres, 11.7 g/t Au over 0.38 metres, 8.78 g/t Au over 0.28 metres and 7.43 g/t over 0.27 metres.

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