Vancouver, British Columbia--(Newsfile Corp. - May 1, 2017) - Eureka Resources Inc. (TSXV: EUK) ("Eureka" or the "Company") is pleased to announce that it has entered into a contract with Geotech Ltd. to conduct a helicopter-borne, VTEM time-domain system and magnetic geophysical survey over the Company's Luxor and TAK claims, located in the Yukon's Dawson Range Gold Belt.
The survey will consist of 1,152 line kilometres and will be flown at 100 metre line spacing. Data acquisition is expected to be completed by the last week of May 2017. The data resulting from the survey will be used to guide and design future ground-based exploration, which Eureka anticipates will be conducted later in the 2017 exploration season.
Michael Sweatman, CEO of Eureka, stated: "We are pleased to get an early start on our 2017 exploration program in the Yukon, for what is bound to be an exciting new phase in the Company's development."
ABOUT EUREKA
Eureka is an mineral exploration 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, Canada
Eureka's 100% owned FG Gold property is an advanced-stage gold project located in the Cariboo Mining Division and currently under option to Canarc Resources Corp. 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 gold resource (634,900 ounces) at an average grade of 0.718 g/t gold, 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 under the Company's profile on SEDAR or on the Company's website.
Eureka has the option to earn a 100% interest in the Gold Creek property located in the Cariboo Mining Division. Gold Creek is a grassroots gold project neighbouring, and with similar geology to the Spanish Mountain deposit owned by Spanish Mountain Gold Ltd..
Eureka has the option to earn a 100% interest in the CKN property located in the Cariboo Mining Division. The CKN property is adjacent to Taseko's Gibraltar mine and consists of two mineral claims covering 1,356 hectares.
Yukon Territory, Canada
Eureka's 100% owned Luxor property consists of three non-contiguous claim blocks totalling 360 mining claims. Luxor is located in the Dawson Range Gold Belt, a district of major porphyry, breccia and vein occurrences.
Eureka's 100% owned TAK property is also located in the Dawson Range Gold Belt and consists of 82 mining claims.
Neighbouring projects include Goldcorp's Coffee project and Kinross' Golden Saddle project.
Nevada, USA
Eureka owns a 50 percent interest in the Gemini lithium brine project located approximately 40 km (26 miles) south of North America's only producing lithium mine at Silver Peak, Nevada.
Further information on Eureka can be found on the Company's website at www.eurekaresourcesinc.com and at www.sedar.com, or by contacting Michael Sweatman, President and CEO, by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by telephone at (604) 449-2273.
John Kerr P. Eng. is the Company's designated Qualified Person for this news release within the meaning of NI 43-101 and haves reviewed and approved the technical information described in this news release
