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GGY Goldeye Explorations Ltd

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Share Name Share Symbol Market Type
Goldeye Explorations Ltd TSXV:GGY TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Goldeye Announces Director Resignations

25/06/2014 2:30am

Marketwired Canada


Goldeye Explorations Limited (TSX VENTURE:GGY) ("Goldeye" or "the Company")
wishes to announce that Mr. Doug Willock has resigned as a Director of the
Corporation and Non-Executive Chairman, and Mr. Brian Howlett has resigned as a
Director of the Corporation, both effective immediately. Goldeye would like to
thank them for their efforts and wishes them success in their future ventures.


Richard Dean will assume the position of Acting Chairman and the Company will
commence a search to fill the vacancies on the board. 


Blaine Webster, President and CEO of Goldeye, stated, "Goldeye has a very
exciting high-grade discovery at Weebigee, one which we believe could be the
next significant gold project in Northwestern Ontario. The Company has built an
exemplary relationship with Sandy Lake First Nation and has established a
positive and mutually beneficial model for working with First Nations at early
exploration. We will continue our efforts to build a team that delivers
shareholder value by advancing Weebigee."


On behalf of the Board of Directors,

Blaine Webster, P.Geo., President and CEO

About the Weebigee Project

Goldeye's 100% owned Weebigee Project is located 227 kilometres north of Red
Lake in Northwestern Ontario and comprises 363 claims totaling approximately
6,000 hectares. The NW Arm claim block covers approximately 20% of the total
project area and hosts the highest density of gold showings in the Sandy Lake
Greenstone Belt. 


During February and March 2014, Goldeye completed its planned phase 1 drill
program at Weebigee. Twenty-three holes were drilled in the NW Arm area for a
total of 2,219 m. The program confirmed the presence of significant gold
mineralization at the Knoll, Bernadette and RvG4 Zones. Highlights included:
12.86 g/t Au over 6.85 metres core length in hole BK-14-03 (Bernadette), 12.45
g/t Au over 3.5 metres core length in hole BK-14-05 (Knoll), and 23.15 g/t Au
over 3.97 metres core length in hole BK-14-18 (RvG4). Visible gold was noted in
50% of the drill holes. 


The project is adjacent to Sandy Lake First Nation (population approx. 3,000)
which has excellent infrastructure including an airport with daily direct
flights to Winnipeg, Red Lake and Sioux Lookout and winter road connection to
Red Lake. All weather access roads are located within one kilometre of the
Knoll, Bernadette and RvG4 areas. In November 2013, Goldeye and Sandy Lake First
Nation signed a comprehensive Exploration Agreement in regards to the project.
Goldeye is pleased to have a strong, mutually beneficial relationship with the
people of Sandy Lake First Nation.


About Goldeye

Goldeye is a Canadian gold-focused exploration company with properties in
mineral rich, politically secure jurisdictions having long traditions of mining.
Weebigee is Goldeye's flagship project in Canada. Goldeye also holds a 24.5%
interest in the Todd Property in British Columbia's Golden Triangle, a 100%
interest in the Gold Rock and West Shining Tree properties in Ontario, and
additional claims in Tyrrell Twp. In Chile, Goldeye owns 100% of the Sonia-Puma
property located 180 km north of Santiago. There are 42,353,597 common shares of
Goldeye issued and outstanding.


Additional information can be found at www.goldeye.ca. 

FORWARD LOOKING STATEMENTS

This news release contains "forward-looking information" (within the meaning of
applicable Canadian securities laws) and "forward-looking statements" (within
the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such
statements or information are identified with words such as "anticipate",
"believe", "expect", "plan", "intend", "potential", "estimate", "propose",
"project", "outlook", "foresee" or similar words suggesting future outcomes or
statements regarding an outlook. Such statements include "Goldeye has a very
exciting high-grade discovery at Weebigee, one which we believe could be the
next significant gold project in Northwestern Ontario."


Such forward-looking information or statements are based on a number of risks,
uncertainties and assumptions which may cause actual results or other
expectations to differ materially from those anticipated and which may prove to
be incorrect. Assumptions have been made regarding, among other things,
management's expectations regarding availability of capital. Actual results
could differ materially due to a number of factors, including, without
limitation, operational risks in the completion of the Company's anticipated
projects, delays or changes in plans with respect to the development of the
Company's anticipated projects by the Company's third party relationships, risks
affecting the Company's ability to execute projects, weather and other
environmental risks and the inability to raise additional capital. Although the
Company believes that the expectations reflected in the forward-looking
information or statements are reasonable, prospective investors in the Company's
securities should not place undue reliance on forward-looking statements because
the Company can provide no assurance that such expectations will prove to be
correct. Forward-looking information and statements contained in this news
release are as of the date of this news release and the Company assumes no
obligation to update or revise this forward-looking information and statements
except as required by law.


Neither 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Goldeye Explorations Limited
Blaine Webster, P. Geo.
President and CEO
416-315-9708
bwebster@goldeye.ca


Goldeye Explorations Limited
Robin Luke Webster
VP, Corporate Affairs and Community Relations
416-877-6389
rwebster@goldeye.ca
www.goldeye.ca

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