Eureka Announces Results of 2016 Work Programs at FG

Vancouver, British Columbia, August 9, 2016 – Eureka Resources (TSXV:EUK) is pleased to announce results of work programs completed on the Company’s FG property in June and July, 2016. The FG property is located in south-central British Columbia, 100 km east of Williams Lake.
An airborne geophysical survey was completed in 2007 covering a large portion of the Eureka Syncline. New claims were acquired in June, 2016 to cover the area of the airborne survey over the southern limb of the syncline (see announcement dated June, 27, 2016). A detailed geophysical interpretation was completed on these new claims by SJ Geophysics Ltd. of Surrey, B.C. in July, 2016. The results of this interpretation have revealed the three conductive/resistive horizons of the sedimentary package that makes up the favourable lithologies of gold mineralization in the Main Zone. These three horizons have been identified within the South Limb. The favourable horizon was found at a much higher elevation than anticipated which required acquiring 2 additional claims (30 cell units, 692 hectares) bringing the total claim package at FG to 30 claims (10,084 hectares).
In the Main Zone, the favourable horizon is interpreted at the contact of the upper resistive zone (Knotted phyllite) and the middle conductive zone (black banded phyllite). This same sequence appears at elevations ranging 1700 – 2000 meters (asl) at the South Limb. Only limited prospecting by geochemistry has been completed in this area of the property. It is intended to sample and prospect this target area in the fall, 2016.
Soil sampling completed in July, 2016 consisted of filling in areas of the northwest extension grid not sampled in 2015. It was completed by a two-man crew who collected 114 soil samples in what is referred to as the northwest “offset” zone. An additional crew completed mapping, sampling and prospecting the “offset” zone to note similar lithologies to the Main Zone. Results indicate a strong correlation of gold anomalies in soil to the favourable, electromagnetic horizon. Values ranged <5 ppb (detection limit) to 1100 ppb gold, the high value coinciding with the interpreted offset zone.
Coincidental soil and electromagnetic anomalies have provided significant drill targets along the northwest projection of the Main Zone. A diamond drill program designed to test the recently delineated targets in the northwest extension “offset” area would include a minimum of five diamond drill holes, each 200 – 300 meters in length, and totalling 1,250 meters.
“We are very pleased with the results of the geochemical program and geophysical interpretation,” stated Mike Sweatman, CEO of Eureka. “Results of drilling the northwest extension and “offset” zone may add significant ounces of gold to the established resource in the Main Zone,” he added.
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