Eureka Announces Airborne Geophysical Survey IN Yukon
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TSXV – EUK
WKN: 875742
ISIN : CA2986551018
EUREKA ANNOUNCES AIRBORNE GEOPHYSICAL SURVEY IN YUKON
Vancouver, British Colu mbia, May 1, 2017 - Eureka Resources Inc. (“Eureka” or the
“Company”) is pleased to announce that it has entered into a contract with Geotech Ltd.
to conduct a helicopter-borne, VTEM time -domain system and magnetic geophysical
survey over the Company’s Luxor and TAK claims, located in the Yukon’s Dawson
Range Gold Belt.
The survey will consist of 1,152 line kilome tres and will be flown at 100 metre line
spacing. Data acquisition is expected to be completed by the last week of May 2017.
The data resulting from the survey will be used to guide and design future ground-based
exploration, which Eureka anticipates will be conducted later in the 2017 exploration
season.
Michael Sweatman, CEO of Eureka, stated: “We are pleased to get an early start on our
2017 exploration program in the Yukon, for what is bound to be an exciting new phase
in the Company’s development.”
ABOUT EUREKA
Eureka is an mineral expl oration company based in V ancouver, British Columbia,
whose strategy is to acquire projects in prospective areas that have the potential to
deliver important new discoveries to create value for its shareholders.
British Columbia, Canada
Eureka’s 100% owned FG Gold property is an advanced-stage gold project located in
the Cariboo Mining Division and currently under option to Canarc Resources Corp
(TSXV: CCM). Historical exploration has established a Measured and Indicated
(376,000 ounces) gold resource at an average grade of 0.776 g/t gold, using a cut-off
grade of 0.5 g/t, and an Inferred gold resource (634,900 ounces) at an average grade of
0.718 g/t gold, using a cut-off grade of 0.5 g/t. Details of the gold resource can be found
in “NI 43-101 Technical Report, Frasergold Exploration Project, Cariboo Mining Division,
dated July 27, 2015” availabl e under the Company’s prof ile on SEDAR or on the
Company’s website.
Eureka has the option to earn a 100% interest in the Gold Creek property located in the
Cariboo Mining Division. Gold Creek is a grassroots gold project neighbouring, and with
similar geology to the Spanis h Mountain deposit ow ned by Spanish Mountain Gold Ltd.
(TSXV: SPA).
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Eureka has the option to earn a 100% intere st in the CKN property located in the
Cariboo Mining Division. The CKN property is adjacent to Taseko’s Gibraltar mine and
consists of two mineral claims covering 1,356 hectares.
Yukon Territory, Canada
Eureka’s 100% owned Luxor property consis ts of three non-contiguous claim blocks
totalling 360 mining claims. Luxor is located in the Dawson Range Gold Belt, a district
of major porphyry, breccia and vein occurrences.
Eureka’s 100% owned TAK property is also located in the Dawson Range Gold Belt and
consists of 82 mining claims.
Neighbouring projects include Goldcorp’s Coffee project and Kinross’ Golden Saddle
project.
Nevada, USA
Eureka owns a 50 percent interest in the Gemini lithium br ine project located
approximately 40 km (26 miles) south of North America’s only producing lithium mine at
Silver Peak, Nevada.
Further information on Eureka can be found on the Company ’s website at
www.eurekaresourcesinc.com and at www.sedar.com, or by contacting Michael
Sweatman, President and CEO, by email at [email protected] or by
telephone at (604) 449-2273.
John Kerr P. Eng. is the Company's d esignated Qualified Person for this news
release within the meaning of NI 43-101 and haves reviewed and approved the
technical information described in this news release
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this
release.
Cautionary Statement Regarding Adjacent Properties and Forward-Looking Information
This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks, unc ertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking
statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to the
exploration activities planned for 2017 and the business and op erations of the Company. Forward-looking statements are
necessarily based on a number of estimate s and assumptions that, while considered reasonable, are subject to known and
unknown risks, uncertainties an d other factors which may cause actual results and future events to differ materially from
those expressed or implied by such forward-looking statemen ts. Such factors include, but are not limited to: general
business, economic and social uncertainties; litigation, legislat ive, environmental and other ju dicial, regulatory, political and
competitive developments; delay or failure to receive board or regulatory approvals; delays experiences in carrying out
planned exploration; those additional risks set out in the Company’s public documents filed on SEDAR at www.sedar.com;
and other matters discussed in this news release. Although the Company believes that the assumptions and factors used in
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preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which
only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed
time frames or at all. Except where required by law, the Co mpany disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new information, future events, or otherwise.