GGY Goldeye Explorations Ltd

Goldeye Explorations Limited (TSX VENTURE:GGY) ("Goldeye" or "the Company") is
pleased to announce that it has identified 12 high potential targets to further
explore the Hanging Wall Shear Zone (HWSZ) which returned encouraging results
this past winter. This zone is immediately along strike with the new high grade
gold zone announced by Temex Resources Corp. ("Temex") in a press release dated
July 23, 2012. The program will also test medium to strong spectral IP anomalies
interpreted to consist of sulphides in a silicified matrix of the Hanging Wall
rocks along strike with the Juby and Golden Lake occurrences. Grab samples from
this area show gold values of 0.5 to 2.0 g/t Au. The Goldeye claims cover a
strike length of 6 kilometres along the Tyrrell Shear Zone (TSZ) and host the
Hydro Creek, Big Dome, Cigar Lake and HWSZ gold zones (see attached map).


Goldeye's management believes that this HWSZ environment has many similarities
with the structures that control a large percentage of the major deposits in the
hanging wall of the Porcupine-Destor Fault at Timmins. Goldeye's management has
concluded that the results recently reported by Temex support this model and
that further exploration could define a new major gold camp.


A further program is being planned to follow up additional defined deeper
targets underneath and adjacent to the Big Dome Zone with its flanking East and
West zones of higher grade gold mineralization. A plan will be posted on the
Goldeye website along with a review of the work on our Athena ground adjacent to
Creso's Minto high grade discovery (13.4g/t Au over 82 metres).


ABOUT GOLDEYE 

Goldeye is a Canadian gold-focused exploration company with properties in
mineral rich, politically secure jurisdictions with long traditions of mining.
In Canada, Goldeye holds the Tyrrell, Gold Rock and Sandy Lake properties in
Ontario and the Todd property in British Columbia. In Chile, Goldeye has the
Sonia-Puma property north of Santiago. 


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.


To view the Map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/GoldeyeMap08.pdf.

Goldeye Explorations (TSXV:GGY)
Historical Stock Chart
From Sep 2024 to Oct 2024

Goldeye Explorations (TSXV:GGY)
Historical Stock Chart
From Oct 2023 to Oct 2024