Eureka Resources Stakes Additional Claims At FG Gold Project

June 14, 2016

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Eureka Resources (TSXV:EUK) announce that it has staked additional claims adjacent to the FG project. The new staking covers 5,776 hectares within the 3 claims added.

As quoted in the press release:

An airborne geophysical survey was completed in 2007 covering a large portion of the Eureka Syncline. The additional claims have been staked to include ground over the southern limb of the syncline. The Company commissioned a partial interpretation of this survey in 2015 covering ground which included the existing resource. Results provided a geophysical anomaly that clearly identified the resource area of the Main Zone. The survey also indicates the presence of cross faults offsetting the northwest projection of the main mineralized zone both downslope and upslope from previously drilled holes. Continued follow-up geochemical studies will be conducted this summer with the goal of identifying potential drill locations.

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Results of the 2015 geochemical program have shown a correlation between gold anomalies and electromagnetic signatures of the northwest projection and of the mineralized zone. Geophysical interpretation suggests the northwest projection to be much more complex than originally thought. Similar conclusions are being derived regarding extension of the zone to the southeast

The new claims which cover the south limb of the syncline will be the subject of further geophysical study and interpretation to be completed in 2016. It is intended to identify the favourable mineralized zone in the southern limb from this interpretation.

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Category: Energy