Eureka Commences 2017 Exploration IN the Yukon
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TSXV – EUK
WKN: 875742
ISIN : CA2986551018
EUREKA COMMENCES 2017 EXPLORATION IN THE YUKON
Vancouver, British Columbia, February 21, 2017 - Eureka Resources Inc. (“Eureka”
or the “Company”) (TSXV: EUK) is pl eased to announce that exploration has
commenced on its TAK property (“TAK”), Yukon Territory. The property is located in the
heart of the very active Dawson Range Go ld Belt, approximately 120 kilometres
southeast of Dawson City, and consists of 82 mining claims (1,695 hectares).
Michael Sweatman, Eureka’s President and CEO stated: “This initial program, which will
be comprised of a ground magnetic survey and a VLF electromagnetic survey is the first
step of exploration on the TAK property, one of our recently acquired Yukon properties.”
The work will be performed and directed by Aurora Geosciences of Whitehorse. The
data obtained from the surveys will provide Eureka with valuable information to assist in
the development of a Phase 2 exploration plan for TAK. Since acquiring TAK, the
Company’s technical group has commenced a review of all th e historical data acquired
as part of the transaction. Eureka plans to integrate the historical data with the 2017
geophysical results in order to prioritize ta rget areas on the property. The Company has
begun the permitting process for a spring/su mmer exploration program on the TAK
property.
ABOUT EUREKA
British Columbia, Canada
Eureka’s FG property is an advanced-stag e gold project located in the Cariboo and
currently under option to Canar c Resources Corp (TSXV: CCM). Historical exploration
has established a Measured and Indicat ed (376,000 ounces) gold resource at an
average grade of 0.776 g/t gold, using a cut-o ff grade of 0.5 g/t, and an Inferred gold
resource (634,900 ounces) at an average grade of 0.718 g/t gol d, 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” available
on SEDAR or at the Company’s website.
Eureka’s Gold Creek property, also located in the Cariboo, is a grassroots gold project
neighbouring, and with similar geology to t he Spanish Mountain gold deposit owned by
Spanish Mountain Gold Ltd. (TSXV: SPA).
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Yukon Territory, Canada
Eureka’s Luxor property consists of thre e non-contiguous claim blocks totalling 360
mining claims (approximately 7,000 hectares). Luxor is located in the Dawson Range
Gold Belt, a district of major porphyry , breccia and vein occurrences. Neighbouring
properties include the Coffee deposit rec ently acquired by Goldcorp and Western
Copper’s Casino deposit.
Eureka’s TAK property is located in the Dawson Range Gold Belt and consists of 82
mining claims (1,695 hectares).
Nevada, USA
Eureka owns a 50 per-cent interest in t he Gemini lithium brine property located
approximately 40 km (26 miles) south of North America’s only producing lithium mine at
Silver Peak.
Kristian Whitehead, P.Geo., and John Kerr, P. Eng., are the Company's
designated Qualified Persons for this news release with in the meaning of NI 43-
101 and have reviewed and approved the t echnical information described in this
news release.
Further information on Eureka can be found on the Company ’s website at
www.eurekaresourcesinc.com and at www.s edar.com, or by contacting Michael
Sweatman, President and CEO, or Bob Ferguson by email at
[email protected] or by telephone at (604) 449-2273.
Cautionary Statement Regarding 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
Company's proposed financings, objectives, goals and future exploration plans on the Company’s mineral properties, the
costs related to the Company’s proposed exploration programs, and the business and operations of the Company. Forward-
looking statements are necessarily based on a number of esti mates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncer tainties and other factors which may cause actual results and future events to
differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not
limited to: general business, economic and social uncertaintie s; litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments; delay or failure to receive board or regulatory approvals; 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 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 Company disclaims any intent ion or obligation to update or revise any forward-looking
statement, whether as a result of new information, future events, or otherwise.