This was the news release in May 1, 2008. Did they drill yet?
TORONTO, ONTARIO, May 1, 2008 (Marketwire via COMTEX News Network) --
Goldeye Explorations Limited ("Goldeye")(TSX VENTURE:GGY) and Tribute Minerals Inc. ("Tribute")(TSX VENTURE:TBM) are pleased to jointly announce that they have received the interpretation of the VTEM airborne geophysical survey data and that positive targets have been identified. The companies are also pleased to report that further ground has been staked in the region.
Upon reviewing the EM conductors, the interpretation shows two very good magmatic sulphide targets and two excellent volcanogenic massive sulphide targets. The data also identified several other conductors which exhibit geophysical characteristics that require follow-up with more detailed ground geophysics.
Some of the new claim blocks have been staked adjacent to land held by Noront and KWG/Spider. Total land holdings in the James Bay lowlands, McFaulds Lake, 'Ring of Fire' now total 17,792 hectares.
The Joint Venture is selecting the top priority targets, which will be subjected to ground geophysical surveying, in order to prepare these projects for drilling. Further claims may be staked in the Ring of Fire based on the continued interpretation of geophysics and ongoing data acquisition.
Blaine R. Webster, President and CEO, and William S. Hamilton, P. Geo., geological consultant, are the qualified persons as defined by National Instrument 43-101 who supervised the preparation of the technical information contained in this release.
1 member recommends this.
Mr. Parisotto and Mr. Hamilton address the Noront investment community.
