Business
Eureka Receives Permit for Gold Creek Drilling
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2017) - Eureka Resources Inc. (TSXV: EUK...
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[{"type":"text","content":"Eureka Receives Permit for Gold Creek DrillingVancouver, British Columbia--(Newsfile Corp. - May 8, 2017) - Eureka Resources Inc. (TSXV: EUK) (\"Eureka\" or the \"Company\") is pleased to announce that it has received the drilling permit for its Gold Creek Project located near Likely, B.C. The Gold Creek property option was acquired by Eureka in November 2016 from Bullion Gold Resources Corp. (TSXV: BGD) and consists of 34 mineral claims covering 9,673 hectares.Drilling will consist of a minimum of 2 holes totalling 400 metres and focus on a gold bearing zone identified by drilling conducted by the previous operator in 2008 and 2011. Eureka's initial drill program will serve as due diligence of the former work conducted and as a guide to design future exploration in this area of the property.Drilling will be conducted in previously disturbed areas, mitigating any environmental disturbance. The program will utilize a diamond drill and the first hole will step out from one of the previous operator's holes which terminated at 44 metres in mineralization. Drilling is scheduled to commence in late May. The Company has provided the drill contractor with an initial advance to mobilize the drill. Mineralization encountered to date at Gold Creek strikes towards the Spanish Mountain deposit which is located approximately 8.5 kilometres to the southeast. Spanish Mountain hosts a 2.48 million ounce measured and indicated gold resource — See Spanish Mountain Gold Ltd. news release dated April 10, 2017. The Gold Creek mineralized zone is interpreted to occur above the stratigraphic unit which hosts the Spanish Mountain mineralization. Michael Sweatman, CEO of Eureka stated, \"The drill program at Gold Creek marks the commencement of exploration by Eureka on this newly acquired property. We would like to thank Spanish Mountain Gold Ltd. (TSXV — SPA) for their assistance with logistical support for this initial phase of our drill program. The proposed drilling is located close to their core storage area.\"ABOUT EUREKAEureka is an exploration focused company based in Vancouver, 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, CanadaEureka's 100% owned FG Gold property is an advanced-stage g...