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Eureka provides corporate update
Eureka provides corporate update Eureka provides corporate update Canada NewsWir...
About this update from Kore Mining Ltd.
[{"type":"text","content":"\n\n\n\nEureka provides corporate update\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nEureka provides corporate update\nCanada NewsWire\nVANCOUVER, Feb. 17, 2016\n\n\n\n\n\n\nVANCOUVER, Feb. 17, 2016 /CNW/ - Eureka Resources Inc. (\"Eureka\" or the \"Company\") (TSXV: EUK) is pleased to provide the following corporate update including details of the Company's exploration activities on its gold and lithium properties.\n\nFrasergold Project\n\nEureka has held the Frasergold property since 1982.  To date over $15.0 million of exploratory work has been completed on Frasergold by ASARCO, AMOCO and Hawthorne Gold Corp.  The 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 (634,900 ounces) gold resource at an average grade of 0.718 g/t gold, using a cut-off grade of 0.5 g/t.  Mineralization has been outlined over a strike length of 3 kilometres, and has the potential for additional mineralization that could extend along an interpreted strike length of over 10 kilometres (for further information see \"NI 43-101 Technical Report, Frasergold Exploration Project, Cariboo Mining Division, dated July 27, 2015\" available on SEDAR or on the Company's website).\n\nEureka has received the assay results from its fall 2015 exploration program at the Frasergold property.  The exploration program consisted of geochemical sampling to extend existing grids an additional six kilometres to the northwest along trend of the known gold mineralization at the Main Zone.  A total of 510 soil samples were assayed for gold.\n\nAssay highlights included 24 samples which yielded anomalous grades greater than 50 but less than 100 ppb Au and 13 samples which yielded grades greater than 100 ppb Au with the highest value yielding 554 ppb Au.\n\nThe Company engaged SJ Geophysics to evaluate data collected in a 2007 airborne geophysical survey that gathered a significant amount of magnetic and EM data.  ...