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Eureka Announces Commencement of Yukon Exploration
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2017) - Eureka Resources Inc. (TSXV:...
About this update from Kore Mining Ltd.
[{"type":"text","content":"Eureka Announces Commencement of Yukon ExplorationVancouver, British Columbia--(Newsfile Corp. - August 31, 2017) - Eureka Resources Inc. (TSXV: EUK) (\"Eureka\" or the \"Company\") is pleased to announce that 2017 exploration programs will commence immediately on the Company's 100 percent owned Etta, Tak and the Sheba claims located in Yukon's historic Klondike Gold District.Exploration will follow up on data collected in May 2017 from an airborne VTEM time domain system and magnetic survey flown by Geotech Ltd. The survey was conducted over all of the Company's properties in the Yukon and covered over 1,216 line kilometres. Exploration on the Tak and Sheba properties will consist of ridge-and-spur and contour soil geochemical surveying across the properties, as well as systematic silt geochemical surveying along stream drainages. Geological mapping will be done in conjunction with the geochemical surveying. At Tak, the focus will be a unit of Paleozoic metavolcanic rocks coincident with elevated values of lead, zinc and silver from past soil sampling, and elevated gold-in-silt values directly downstream. The volcanic unit extends northwest from the Tak property where it parallels Ballarat Creek, the site of current and historic placer gold mining. Exploration at the Sheba property will focus partly on a coincident magnetic and conductive anomaly in the southern property area, as well as regional surveying across the property. A brief program on the Etta property will consist of soil geochemical traversing and geological mapping across a strong conductor coincident with a pronounced magnetic low anomaly. The programs are slated for completion by September 20, 2017.The Tak Property consists of 82 Yukon quartz mining claims covering 1,722 hectares (4,253 acres) and located within NTS Sheet 115J15 extending northeast from Ballarat Creek. Active placer claims in good standing extend along Ballarat Creek upstream from the confluence with the Yukon River. The property is centered about 9 km ENE of the Coffee Creek airstrip.The Sheba property consists of 160 full-sized Yukon quartz mining claims covering 3,360 hectares (8,299 acres) and located within NTS Sheet 115O10. The property lies somewhat south of the Indian River, the site of major ongoing placer gold operations. Access to the Tak and Sheba properties is currently by helicopte...