Eureka straddles the headwaters of two of the most prolific placer creeks in the southern Klondike,
Despite being the source of substantial placer gold, hard rock exploration at Eureka has only been conducted intermittently since 1988. This work resulted in the discovery of the Wealth, Childs, Allen, Happy and Ball showings. Grid soil sampling across parts of the Eureka property has outlined extensive gold-in-soil geochemical anomalies which occur in a northerly elongated belt that is 8 km long and up to 2.5 km wide. Trenching and drilling have identified mineralized structures at the Wealth, Childs, Allen and Happy showings, while placer workings exposed a gold-rich vein at the Ball Showing.
Wealth Showing
Located in the center of the Property, bulldozer trenches across the Wealth Showing exposed quartz breccias with gougy alteration halos. The highest gold assays in trenches include: 0.54 g/t gold across 20 m, 0.97 g/t gold over 17.9 m, and 0.75 g/t gold across 10 m. RC drilling within this showing returned encouraging results including: 0.59 g/t gold across 18.3 m and 2.34 g/t gold over 3.05 m.
Childs Showing
Located 2.5 km south of the Wealth Showing, gold-bearing breccia zones exposed in bulldozer trenches returned 0.72 g/t gold over a true thickness of 4 m and 0.48 g/t gold across a true width of 5.5 m. RC drilling at this showing returned 6.62 g/t gold over 1.52 m and 1.19 g/t gold over 1.52 m.
Allen Showing
Located 800 m northeast of the Wealth Showing, a deep trench cut along a north-trending ridge exposed a brecciated and clay-altered zone that is 2 to 5 m wide. A rock sample from the trench returned 15 g/t gold, while chip sampling across an alteration zone in the trench returned 0.44 g/t gold across 4 m.
Happy Showing
Located 1.8 km north of the Wealth Showing, a sample from an isolated diamond drill hole assayed 9.99 g/t gold over 1.5 m and has not been followed up.
Ball Showing
Located in the southeastern part of the soil grid, a gold-rich quartz vein exposed in bedrock by a placer miner assayed 9.8 g/t gold and 238 g/t silver over 0.6 m. This vein has not been drill tested.
The Company recently completed a trenching and mapping program at its
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